Could F5 Networks, Inc. (FFIV) Change Direction After Making 52-Week High?

April 16, 2018 - By Harriett Tippett

F5 Networks, Inc. (NASDAQ:FFIV) Logo

Investors sentiment is 0.84 in 2017 Q4. Its the same as in 2017Q3. It is flat, as 42 investors sold F5 Networks, Inc. shares while 174 reduced holdings. only 67 funds opened positions while 115 raised stakes. 55.68 million shares or 7.29% less from 60.06 million shares in 2017Q3 were reported.
22,560 are held by Landscape Cap. Tiaa Cref Inv Management Limited Liability Company reported 0.04% stake. Moreover, Raymond James Assocs has 0.01% invested in F5 Networks, Inc. (NASDAQ:FFIV). Nelson Van Denburg & Campbell Wealth Mgmt Ltd Llc has invested 0% in F5 Networks, Inc. (NASDAQ:FFIV). Ls Advsr Llc invested 0.02% of its portfolio in F5 Networks, Inc. (NASDAQ:FFIV). Quantum Mgmt reported 0.08% of its portfolio in F5 Networks, Inc. (NASDAQ:FFIV). Hsbc Public Ltd has 0.03% invested in F5 Networks, Inc. (NASDAQ:FFIV) for 134,655 shares. Gsa Capital Partners Llp reported 14,700 shares. Herald Inv Limited owns 2,000 shares. Liberty Mutual Gp Asset Mngmt reported 0.01% in F5 Networks, Inc. (NASDAQ:FFIV). Moreover, Cwm Lc has 0% invested in F5 Networks, Inc. (NASDAQ:FFIV) for 42 shares. Oregon Pub Employees Retirement Fund holds 0.03% of its portfolio in F5 Networks, Inc. (NASDAQ:FFIV) for 17,672 shares. Meeder Asset holds 3,320 shares or 0.04% of its portfolio. Zebra Capital Mngmt Limited Liability Corp invested in 11,601 shares. The New York-based Morgan Stanley has invested 0.01% in F5 Networks, Inc. (NASDAQ:FFIV).

Since February 1, 2018, it had 0 insider buys, and 9 insider sales for $8.86 million activity. Locoh-Donou Francois also sold $239,281 worth of F5 Networks, Inc. (NASDAQ:FFIV) shares. MCADAM JOHN had sold 25,000 shares worth $3.60 million on Tuesday, February 20. Another trade for 7,518 shares valued at $1.09M was sold by Kearny Ryan C.. $1.92M worth of F5 Networks, Inc. (NASDAQ:FFIV) was sold by Reinland Andrew on Monday, February 26. $542,378 worth of stock was sold by DiLullo John D on Friday, February 2. Rogers Scot Frazier sold $396,540 worth of F5 Networks, Inc. (NASDAQ:FFIV) on Thursday, February 1.

The stock of F5 Networks, Inc. (NASDAQ:FFIV) hit a new 52-week high and has $165.41 target or 7.00 % above today’s $154.59 share price. The 8 months bullish chart indicates low risk for the $9.56 billion company. The 1-year high was reported on Apr, 16 by Barchart.com. If the $165.41 price target is reached, the company will be worth $669.20M 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 decreased 0.31% or $0.475 during the last trading session, reaching $154.585. About 162,043 shares traded. F5 Networks, Inc. (NASDAQ:FFIV) has declined 1.06% since April 16, 2017 and is downtrending. It has underperformed by 12.61% the S&P500.

Analysts await F5 Networks, Inc. (NASDAQ:FFIV) to report earnings on April, 25. They expect $1.73 earnings per share, up 18.49 % or $0.27 from last year’s $1.46 per share. FFIV’s profit will be $106.99 million for 22.34 P/E if the $1.73 EPS becomes a reality. After $1.83 actual earnings per share reported by F5 Networks, Inc. for the previous quarter, Wall Street now forecasts -5.46 % negative EPS growth.

F5 Networks, Inc. (NASDAQ:FFIV) Ratings Coverage

Among 14 analysts covering F5 Networks (NASDAQ:FFIV), 6 have Buy rating, 1 Sell and 7 Hold. Therefore 43% are positive. F5 Networks has $168 highest and $110 lowest target. $144’s average target is -6.85% below currents $154.585 stock price. F5 Networks had 19 analyst reports since October 26, 2017 according to SRatingsIntel. As per Thursday, October 26, the company rating was maintained by BMO Capital Markets. Barclays Capital maintained the stock with “Overweight” rating in Thursday, October 26 report. On Wednesday, January 10 the stock rating was maintained by Piper Jaffray with “Hold”. On Wednesday, January 24 the stock rating was maintained by Jefferies with “Hold”. On Thursday, January 25 the stock rating was maintained by Piper Jaffray with “Hold”. On Wednesday, January 24 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. The firm has “Buy” rating by Cowen & Co given on Thursday, October 26. RBC Capital Markets maintained F5 Networks, Inc. (NASDAQ:FFIV) on Tuesday, January 23 with “Hold” rating. On Thursday, October 26 the stock rating was maintained by Nomura with “Neutral”. Needham maintained the stock with “Hold” rating in Thursday, October 26 report.

F5 Networks, Inc. develops, markets, and sells application delivery networking products that optimize the security, performance, and availability of network applications, servers, and storage systems. The company has market cap of $9.56 billion. It offers Local Traffic Manager, which provides intelligent load-balancing, traffic management, and application health checking; BIG-IP DNS that automatically directs users to the closest or best-performing physical, virtual, or cloud environment; Link Controller, which monitors the health and availability of each connection in organizations with more than one Internet service provider; Advanced Firewall Manager, a network firewall; and Application Security Manager, an Web application firewall that provides comprehensive, proactive, and application-layer protection against generalized and targeted attacks. It has a 23.86 P/E ratio. The firm also provides Access Policy Manager, which provides secure, granular, and context-aware access to networks and applications; Carrier-Grade Network Address Translation, which offers a set of tools that enables service providers to migrate to IPv6 while continuing to support and interoperate with existing IPv4 devices and content; and Policy Enforcement Manager that offers traffic classification capabilities to identify the specific applications and services to service providers.

F5 Networks, Inc. (NASDAQ:FFIV) Institutional Positions Chart

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