F5 Networks, Inc. (NASDAQ:FFIV).
Nepsis Capital Management, Inc. reports that it bought 1,868 shares in the previous quarter increasing its stake in F5 Networks, Inc. (FFIV) by 4.6%. Its position stood at $5,347,000 a decrease of 6.7% as of quarter end.
These firms have also modified their investment in FFIV. Trust Department Mb Financial Bank N A cut its investment by selling 341 shares a decrease of 6.8% from 03/31/2017 to 06/30/2017. Trust Department Mb Financial Bank N A now controls 4,647 shares with a value of $590,000. The value of the position overall is down by 17.0%. Gateway Investment Advisers LLC divested its holdings by shedding 210 shares a decrease of 5.0% in the quarter. Gateway Investment Advisers LLC now holds 4,010 shares valued at $510,000. The total value of its holdings decreased 15.3%.
As of quarter end Atria Investments LLC had acquired 785 shares growing its position 13.4%. The value of the total investment in F5 Networks, Inc. increased from $833,000 to $842,000 a change of $9,000 since the last quarter.
On December 14 the stock rating was upgraded from “Market Perform” to “Buy” by analysts at Citigroup. On November 30 the company was downgraded to “Market Perform” from “” with a current price target of $140.00 in a report from Bernstein.
On November 9 the company was upgraded to “Neutral” from “Reduce” and a price target of $130.00 was set by Nomura. Equity analyst Nomura both upgraded the stock and raised the price target on November 9 boosting the price target from $90.00 to $130.00 and changing the rating from “Reduce” to “Neutral”.
On October 27 the stock rating was upgraded from “” to “Overweight” and a price target of $141.00 was set in a statement from PiperJaffray. On September 14 the stock rating was upgraded from “Outperform” to “Outperform” in a report issued by Oppenheimer.
The company is up by 0.04 percent from yesterday’s close. The stock is trading at $128.70 a tad below $128.85, the stock’s 50 day moving average and which is slightly below the 200 day moving average of $137.65. The 50 day moving average was down $-0.09 or -0.07% whereas the 200 day moving average was down $-8.89 or -6.46%.
The company currently has a P/E ratio of 21.98 and the market value is 8.33B. In the latest earnings report the EPS was $5.86 and is projected to be $8.19 for the current year with 64,702,000 shares now outstanding. Analysts expect next quarter’s EPS will be $2.24 with next year’s EPS projected to be $9.06.
Traders are feeling more bearish recently if you consider the change in short interest. The stock recorded a rise in short interest of 8.28% as of May 15, 2017 from the last reporting period. Short shares grew from 3,504,957 to 3,795,022 over that period. The days to cover increased to 5.1 and the short interest percentage is 0.06% as of May 15.