F5 Networks was Upgraded to a Hold Rating at Nomura Holdings

By Carrie Williams

F5 Networks (NASDAQ: FFIV) received a Hold rating and a $130 price target from Nomura Holdings analyst Jeff Kvaal today. The company’s shares closed yesterday at $137.77, close to its 52-week high of $139.08.

According to TipRanks.com, Kvaal is a 5-star analyst with an average return of 9.8% and a 56.6% success rate. Kvaal covers the Technology sector, focusing on stocks such as Riverbed Technology, Motorola Solutions, and Palo Alto Networks.

Currently, the analyst consensus on F5 Networks is Moderate Buy and the average price target is $136.71, representing a -0.8% downside.

In a report issued on October 27, Robert W. Baird also reiterated a Hold rating on the stock.

F5 Networks’ market cap is currently $9B and has a P/E ratio of 25.51. The company has a book value ratio of 7.5919.

Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is neutral on the stock. Most recently, in August 2016, Alan Higginson, a Director at FFIV sold 2,212 shares for a total of $273,071.

F5 Networks, Inc. engages in development of software-defined application services. The firm includes marketing and sale of application delivery networking products. The company was founded on February 15, 1996 and is headquartered in Seattle, WA.