F5 Networks, Inc. (FFIV) Surges to 52-Week High, Is Now Top Performer

June 14, 2018 - By Ellis Scott

F5 Networks, Inc. (NASDAQ:FFIV) Logo

Investors sentiment increased to 0.97 in Q1 2018. Its up 0.13, from 0.84 in 2017Q4. It improved, as 36 investors sold F5 Networks, Inc. shares while 169 reduced holdings. 61 funds opened positions while 137 raised stakes. 55.47 million shares or 0.37% less from 55.68 million shares in 2017Q4 were reported.
Sumitomo Mitsui Trust Incorporated reported 190,287 shares. Cap Investment Counsel stated it has 3,300 shares or 0.2% of all its holdings. Fisher Asset Management Limited Liability accumulated 0.01% or 37,599 shares. Bb&T Lc invested in 12,256 shares or 0.02% of the stock. Gargoyle Inv Advisor Limited Liability Company has 25,455 shares for 1.51% of their portfolio. Cls Invests Ltd Company, Nebraska-based fund reported 1 shares. 18,284 are owned by Proshare Advsr Ltd. Sigma Investment Counselors owns 0.32% invested in F5 Networks, Inc. (NASDAQ:FFIV) for 16,381 shares. Public Employees Retirement Association Of Colorado owns 10,938 shares or 0.01% of their US portfolio. The New York-based Metropolitan Life New York has invested 0% in F5 Networks, Inc. (NASDAQ:FFIV). Ny State Teachers Retirement Systems reported 100,324 shares. Washington Capital Management holds 0.54% or 3,700 shares in its portfolio. Cordasco Financial Ntwk, Pennsylvania-based fund reported 2,000 shares. Millennium Mngmt Ltd Liability Corp holds 261,615 shares. New York-based Bluemountain Mgmt Limited Com has invested 0.12% in F5 Networks, Inc. (NASDAQ:FFIV).

Since February 1, 2018, it had 0 insider purchases, and 19 sales for $23.07 million activity. HIGGINSON ALAN sold $289,014 worth of stock or 2,000 shares. 12,963 shares valued at $1.92M were sold by Reinland Andrew on Monday, February 26. Locoh-Donou Francois had sold 8,439 shares worth $1.37M. $1.09 million worth of F5 Networks, Inc. (NASDAQ:FFIV) shares were sold by Kearny Ryan C.. Shares for $1.15M were sold by DiLullo John D on Thursday, May 3. $4.33 million worth of F5 Networks, Inc. (NASDAQ:FFIV) shares were sold by MCADAM JOHN.

The stock of F5 Networks, Inc. (NASDAQ:FFIV) hit a new 52-week high and has $197.39 target or 9.00 % above today’s $181.09 share price. The 5 months bullish chart indicates low risk for the $11.07B company. The 1-year high was reported on Jun, 14 by Barchart.com. If the $197.39 price target is reached, the company will be worth $996.03 million 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 0.73% or $1.32 during the last trading session, reaching $181.09. About 209,441 shares traded. F5 Networks, Inc. (NASDAQ:FFIV) has risen 37.01% since June 14, 2017 and is uptrending. It has outperformed by 24.44% the S&P500.

Analysts await F5 Networks, Inc. (NASDAQ:FFIV) to report earnings on July, 25. They expect $1.86 earnings per share, up 20.00 % or $0.31 from last year’s $1.55 per share. FFIV’s profit will be $113.67 million for 24.34 P/E if the $1.86 EPS becomes a reality. After $1.80 actual earnings per share reported by F5 Networks, Inc. for the previous quarter, Wall Street now forecasts 3.33 % EPS growth.

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

Among 15 analysts covering F5 Networks (NASDAQ:FFIV), 7 have Buy rating, 2 Sell and 6 Hold. Therefore 47% are positive. F5 Networks had 23 analyst reports since January 4, 2018 according to SRatingsIntel. The rating was maintained by Morgan Stanley on Wednesday, January 24 with “Equal-Weight”. On Friday, January 5 the stock rating was maintained by Deutsche Bank with “Sell”. The firm has “Buy” rating by William Blair given on Friday, April 13. BMO Capital Markets upgraded the stock to “Buy” rating in Thursday, January 4 report. The stock of F5 Networks, Inc. (NASDAQ:FFIV) has “Buy” rating given on Thursday, January 25 by Cowen & Co. J.P. Morgan initiated the shares of FFIV in report on Thursday, May 3 with “Buy” rating. As per Monday, June 11, the company rating was maintained by Bank of America. On Wednesday, January 10 the stock rating was maintained by Piper Jaffray with “Hold”. The stock of F5 Networks, Inc. (NASDAQ:FFIV) has “Hold” rating given on Wednesday, January 24 by Jefferies. The firm has “Buy” rating given on Wednesday, April 25 by BMO Capital Markets.

Another recent and important F5 Networks, Inc. (NASDAQ:FFIV) news was published by Investorplace.com which published an article titled: “The Top 20 Stocks of 2018” on June 12, 2018.

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 $11.07 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 27.95 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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