F5 Networks (NASDAQ:FFIV) Share Price May Be About to Change Direction; Nomura Downgrades Them


F5 Networks (NASDAQ:FFIV) Receives a Downgrade

In a comprehensive report issued to clients and investors on Wednesday morning, Nomura announced that they will be downgrading shares of F5 Networks (NASDAQ:FFIV) from a Neutral to a Reduce rating.

From a total of 29 analysts covering F5 Networks Inc. (NASDAQ:FFIV) stock, 9 rate it a ”Buy”, 1 a “Sell”, and 23 a ”Hold”. This means that 27% of the ratings are positive. The highest target price is $153 while the lowest target price is $105. The mean of all analyst targets is $125.28 with a 21.11% above today’s ($101.56) stock price. F5 Networks Inc. was the topic of 29 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Dougherty & Company downgraded shares on November 13 to “Neutral” rating. BMO Capital Markets downgraded shares to “Market Perform” rating and $108 target share price in a report from an October 29. William Blair downgraded FFIV stock in a recent report from November 13 to “Market Perform” rating. Wunderlich maintained the rating on October 29. Wunderlich has a “Hold” rating and a $115 price target on shares. Finally, Oppenheimer maintained the stock with “Outperform” rating in a report issued on an October 29.

Approximately 337,892 shares of stock traded hands. F5 Networks, Inc. (NASDAQ:FFIV) has declined 15.88% since May 6, 2015 and is downtrending. It has underperformed by 15.08% the S&P500.

The overall sentiment of institutions has increased to 1.06 in Q2 2015. Its up 0.10, from 0.96 in 2015Q2. The ratio increased, as 62 institutions have sold all the shares of F5 Networks, Inc. that they owned while 174 funds have taken shares off the table. 45 funds have purchased shares for the first time while 204 added to their positions. These institutions now hold 79.44 million shares or 17.09% more than the 67.85 million shares they owned in 2015Q2.

The Fund Provident Investment Management Inc. currently is holding shares equating to 2.91% of its total portfolio in F5 Networks, Inc. representing a total of 120,028 shares. Another fund,Horizon Investment Services Llc, is holding a total of 49,753 shares equating to 2.77% of their holdings. Additionally, Vulcan Value Partners Llc has a 2.44 million share stake in F5 Networks, Inc. which represents 2.74% of their total portfolio. The Fund, Quantum Capital Management, based out of California, has also built up a stake in the stock, which represents a total of 2.47% of their total portfolio. Finally Argent Capital Management Llc, a fund which is based in the state of Missouri reported a total holdings of 423,740 shares.

Insider activity is a very important aspect to track on any stock. Going back to May 5, 2015, shareholders of F5 Networks, Inc. have witnessed 0 buys, and a total of 10 insider sales equating to a net activity of approximately $8.74 million . Reinland Andrew sold 3,685 shares worth approximately $454,600. Higginson Alan sold 1,861 shares worth approximately $249,523. Mcadam John sold 34,223 shares worth approximately $4.51 million. Rivelo Manuel Felix sold 6,678 shares worth approximately $876,245. The company insider Rogers Scot Frazier sold 1,205 shares worth $158,161.

F5 Networks, Inc. is the developer and well-known provider of application delivery services. The company has a market cap of $7.15 billion. The Company’s core technology is a full-proxy, programmable, software platform called TMOS . It has 20.15 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.

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.” Get a free copy of the Zacks research report on F5 Networks, Inc. (FFIV).