The stock of F5 Networks, Inc. (NASDAQ:FFIV) hit a new 52-week high and has $214.55 target or 53.00% above today’s $140.23 share price. The 6 months bullish chart indicates low risk for the $9.25B company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $214.55 price target is reached, the company will be worth $4.90 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 1.79% or $2.46 during the last trading session, hitting $140.23. About 1.07 million shares traded hands or 13.12% up from the average. F5 Networks, Inc. (NASDAQ:FFIV) has risen 40.98% since April 7, 2016 and is uptrending. It has outperformed by 36.20% the S&P500.
F5 Networks, Inc. (NASDAQ:FFIV) Ratings Coverage
Out of 31 analysts covering F5 Networks Inc. (NASDAQ:FFIV), 6 rate it a “Buy”, 1 “Sell”, while 24 “Hold”. This means 19% are positive. F5 Networks Inc. has been the topic of 65 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of F5 Networks, Inc. (NASDAQ:FFIV) earned “Sector Weight” rating by Pacific Crest on Tuesday, May 17. The rating was downgraded by Zacks to “Buy” on Thursday, August 20. Nomura upgraded F5 Networks, Inc. (NASDAQ:FFIV) on Wednesday, November 9 to “Neutral” rating. The rating was downgraded by Sterne Agee CRT on Friday, January 15 to “Neutral”. The stock of F5 Networks, Inc. (NASDAQ:FFIV) earned “Overweight” rating by Piper Jaffray on Thursday, October 27. On Wednesday, October 14 the stock rating was initiated by Barclays Capital with “Equalweight”. Pacific Crest maintained F5 Networks, Inc. (NASDAQ:FFIV) on Wednesday, January 13 with “Overweight” rating. The firm has “Neutral” rating by Buckingham Research given on Monday, August 3. The firm has “Neutral” rating by Credit Suisse given on Thursday, July 21. Guggenheim downgraded the stock to “Neutral” rating in Tuesday, September 22 report.
According to Zacks Investment Research, “F5 Networks Inc. is a leading provider of integrated Internet traffic and content management solutions designed to improve the availability and performance of mission-critical Internet-based servers and applications. The company’s products monitor and manage local and geographically dispersed servers and intelligently direct traffic to the server best able to handle a user’s request. The products are designed to help prevent system failure and provide timely responses to user requests and data flow.”
Insitutional Activity: The institutional sentiment increased to 0.91 in 2016 Q2. Its up 0.01, from 0.9 in 2016Q1. The ratio is positive, as 29 funds sold all F5 Networks, Inc. shares owned while 190 reduced positions. 59 funds bought stakes while 141 increased positions. They now own 61.59 million shares or 6.46% less from 65.84 million shares in 2016Q1.
Texas Permanent School Fund accumulated 0.03% or 21,731 shares. The Kansas-based Cognios Ltd has invested 3.57% in F5 Networks, Inc. (NASDAQ:FFIV). Catalyst Capital Advsrs Limited Liability Corporation holds 0.02% of its portfolio in F5 Networks, Inc. (NASDAQ:FFIV) for 1,125 shares. Sandy Spring Natl Bank holds 0% or 10 shares in its portfolio. Cfo4life L P last reported 0.36% of its portfolio in the stock. Moreover, Oak Assocs Oh has 0.13% invested in F5 Networks, Inc. (NASDAQ:FFIV) for 9,300 shares. Financial Bank Of Montreal Can accumulated 0.14% or 1.04 million shares. Schroder Mgmt holds 0.01% of its portfolio in F5 Networks, Inc. (NASDAQ:FFIV) for 29,019 shares. Bridgewater Associates L P owns 87,460 shares or 0.12% of their US portfolio. Gulf International Fincl Bank (Uk) Ltd accumulated 22,544 shares or 0.04% of the stock. Legal & General Group Inc Inc Public Ltd holds 0.04% or 304,574 shares in its portfolio. Federated Investors Pa has 3,806 shares for 0% of their US portfolio. Springbok Capital Mgmt Limited Liability reported 16,721 shares or 0.27% of all its holdings. Millennium Mngmt Lc owns 37,598 shares or 0.01% of their US portfolio. Twin Tree Mgmt Lp holds 0.01% of its portfolio in F5 Networks, Inc. (NASDAQ:FFIV) for 7,850 shares.
Insider Transactions: Since May 10, 2016, the stock had 0 insider buys, and 14 selling transactions for $7.43 million net activity. MCADAM JOHN sold $733,676 worth of stock. 2,932 shares with value of $398,354 were sold by Reinland Andrew on Wednesday, November 2. $273,074 worth of F5 Networks, Inc. (NASDAQ:FFIV) shares were sold by HIGGINSON ALAN. 6,489 shares were sold by EAMES EDWARD JULIAN, worth $804,601 on Friday, July 29. BEVIER DEBORAH L had sold 6,229 shares worth $769,909 on Wednesday, July 27. Rogers Scot Frazier had sold 1,607 shares worth $197,527 on Friday, July 29. DiLullo John D had sold 5,777 shares worth $781,667.
More important recent F5 Networks, Inc. (NASDAQ:FFIV) news were published by: Fool.com which released: “Why F5 Networks, Inc. Jumped This Morning” on October 27, 2016, also Profitconfidential.com published article titled: “F5 Networks, Inc.: This Is Why FFIV Stock Can Soar to $190”, Benzinga.com published: “8 Biggest Price Target Changes For Wednesday” on November 09, 2016. More interesting news about F5 Networks, Inc. (NASDAQ:FFIV) was released by: Nasdaq.com and their article: “Earnings Reaction History: F5 Networks Inc., 55.6% Follow-Through Indicator, 4 …” with publication date: October 26, 2016.
FFIV Company Profile
F5 Networks, Inc., incorporated on February 26, 1996, is the developer and well-known provider of application delivery services. The Company’s core technology is a full-proxy, programmable, software platform called TMOS (Traffic Management Operating System). It helps organizations seamlessly scale cloud, data center, and software-defined networking deployments to successfully deliver applications to anyone, anywhere, at any time. It works with many technology companies to improve manageability, strengthen security, and ensure faster and more successful deployments. The Company’s applications include availability and delivery. It can remove the roadblocks in oneâ€™s network to efficiently and securely deliver applications that are available to users when and where they need them. It can also accelerate oneâ€™s application response time, minimize latency and delays, and reduce the number of data round trips necessary to complete a web request.
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