F5 Networks, Inc. (NASDAQ:FFIV).
Nepsis Capital Management, Inc. says it bought 1,868 shares during the last quarter increasing its holdings in F5 Networks, Inc. by 4.6%. Its investment was worth $5,347,000 a decrease of 6.7% as of the end of the quarter.
Other firms have also shifted positions in (FFIV). Trust Department Mb Financial Bank N A cut its position by shedding 341 shares a decrease of 6.8% in the quarter. Trust Department Mb Financial Bank N A 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 downsized its investment by selling 210 shares a decrease of 5.0%. Gateway Investment Advisers LLC currently owns 4,010 shares worth $510,000. The total value of its holdings decreased 15.3%.
As of quarter end Atria Investments LLC had bought a total of 785 shares growing its position 13.4%. The value of the company’s investment in F5 Networks, Inc. increased from $833,000 to $842,000 a change of 1.1% for the reporting period.
On December 14 the company was changed to a “Buy” in a report from Citigroup which is up from the previous “Market Perform” rating. On November 30 the company was downgraded from “” to “Market Perform” and a price target of $140.00 was set in a statement from Bernstein.
On November 9 the stock rating was upgraded to “Neutral” from “Reduce” with a current price target of $130.00 in an announcement from Nomura. Nomura upgraded the stock and raised the price target on November 9 changing the price objective from $90.00 to $130.00 and moving 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 report issued by PiperJaffray. On September 14 the company was upgraded to “Outperform” from “Outperform” by analysts at Oppenheimer.
The company is up since yesterday’s close of $128.65. Shares of the company are trading at $128.70 which is marginally lower than the 50 day moving average of $128.85 and which is just under the 200 day moving average of $137.65. The 50 day moving average went down by -0.07% and the 200 day average went down by -6.46%.
The company currently has a P/E ratio of 21.98 and the market cap of the company is 8.33B. As of the latest earnings report the EPS was $5.86 and is expected to be $8.19 for the current year with 64,702,000 shares currently outstanding. Next quarter’s EPS is forecasted to be $2.24 with next year’s EPS anticipated to be $9.06.
Short traders are more bearish on shares of the company recently considering the uptick in short interest. The stock realized a rise in short interest of 8.28% between May 31, 2017 and May 15, 2017. Short interest grew from 3,504,957 to 3,795,022 over that timeframe. With short interest at 3,795,022 and short average daily volume at 748,983, days to cover is 5.1 and the percentage of shorted shares was 0.06% on May 15.