Time to Sell F5 Networks, Inc. After Today’s Option Traders Bearish Bets?

 Time to Sell F5 Networks, Inc. After Today's Option Traders Bearish Bets?

In today’s session F5 Networks, Inc. (FFIV) recorded an unusually high (941) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the April, 2017 put, expecting serious FFIV decrease. With 941 contracts traded and 354 open interest for the Apr, 17 contract, it seems this is a quite bearish bet. The option with symbol: FFIV170421P00140000 closed last at: $9.85 or 10% down. About 102,638 shares traded hands. F5 Networks, Inc. (NASDAQ:FFIV) has risen 43.76% since April 11, 2016 and is uptrending. It has outperformed by 37.61% 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. $153 is the highest target while $93 is the lowest. The $114.30 average target is -18.96% below today’s ($141.04) stock price. F5 Networks Inc. has been the topic of 65 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The company was downgraded on Friday, January 15 by Sterne Agee CRT. The stock of F5 Networks, Inc. (NASDAQ:FFIV) has “Market Perform” rating given on Friday, November 13 by JMP Securities. As per Friday, August 14, the company rating was downgraded by Zacks. The firm has “Buy” rating by Wunderlich given on Thursday, July 21. The company was downgraded on Thursday, July 21 by Credit Suisse. As per Monday, August 3, the company rating was downgraded by Buckingham Research. As per Thursday, April 21, the company rating was maintained by Buckingham Research. The company was downgraded on Tuesday, January 5 by Oppenheimer. Citigroup maintained the shares of FFIV in a report on Thursday, April 21 with “Neutral” rating. The company was maintained on Wednesday, July 20 by RBC Capital Markets.

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.
Dean Assocs Llc last reported 0.77% of its portfolio in the stock. Dimensional Fund Advsr Ltd Partnership reported 210,785 shares or 0.01% of all its holdings. Citigroup Incorporated has invested 0% of its portfolio in F5 Networks, Inc. (NASDAQ:FFIV). First Quadrant Lp Ca owns 117,599 shares or 0.3% of their US portfolio. Quantres Asset Management holds 1.13% of its portfolio in F5 Networks, Inc. (NASDAQ:FFIV) for 15,900 shares. Bridgewater Associate Lp holds 0.12% or 87,460 shares in its portfolio. Moreover, Montag & Caldwell Ltd Liability Corp has 0.01% invested in F5 Networks, Inc. (NASDAQ:FFIV) for 4,026 shares. Hendershot Invests holds 0.83% or 14,129 shares in its portfolio. New York Life Tru Com reported 444 shares or 0.25% of all its holdings. Ser Automobile Association accumulated 167,679 shares or 0.07% of the stock. Philadelphia Tru owns 137,515 shares or 1.35% of their US portfolio. Credit Agricole S A has 79,578 shares for 0.03% of their US portfolio. Cantab Partners Llp owns 7,785 shares or 0% of their US portfolio. Glob X Mngmt Lc accumulated 540 shares or 0% of the stock. Nationwide Fund holds 0.04% or 84,163 shares in its portfolio.

Insider Transactions: Since June 7, 2016, the stock had 0 buys, and 15 insider sales for $7.85 million net activity. EAMES EDWARD JULIAN also sold $669,805 worth of F5 Networks, Inc. (NASDAQ:FFIV) on Friday, October 28. Another trade for 4,352 shares valued at $522,719 was sold by Reinland Andrew. TRIEBES KARL D sold $718,197 worth of stock. Kearny Ryan C. had sold 686 shares worth $94,003. HIGGINSON ALAN sold 2,212 shares worth $273,074. The insider Rogers Scot Frazier sold 1,660 shares worth $227,386. MCADAM JOHN sold 7,169 shares worth $904,047.

F5 Networks, Inc. is the developer and well-known provider of application delivery services. The company has a market cap of $9.19 billion. The Company’s core technology is a full-proxy, programmable, software platform called TMOS . It has a 26.14 P/E ratio. It helps organizations seamlessly scale cloud, data center, and software-defined networking deployments to successfully deliver applications to anyone, anywhere, at any time.

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 one’s network to efficiently and securely deliver applications that are available to users when and where they need them. It can also accelerate one’s application response time, minimize latency and delays, and reduce the number of data round trips necessary to complete a web request.

More news for F5 Networks, Inc. (NASDAQ:FFIV) were recently published by: Fool.com, which released: “Why F5 Networks, Inc. Jumped This Morning” on October 27, 2016. Profitconfidential.com‘s article titled: “F5 Networks, Inc.: This Is Why FFIV Stock Can Soar to $190” and published on November 01, 2016 is yet another important article.

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