F5 Networks (FFIV) has risen sharply, recording gains of 7.24% in the past 4 weeks. However, the stock has corrected -0.68% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 6.15% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 1.46% and the 50-Day Moving Average is 5%. F5 Networks (NASDAQ:FFIV): On Fridays trading session , Opening price of the stock was $125.11 with an intraday high of $125.75. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $124.75. However, the stock managed to close at $124.8, a loss of 0.18% for the day. On the previous day, the stock had closed at $125.03. The total traded volume of the day was 607,038 shares.
The company Insiders own 0.28% of F5 Networks shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -22.4% . Institutional Investors own 97.83% of F5 Networks shares. During last six month period, the net percent change held by insiders has seen a change of -4.42%. Also, Brokerage firm DA Davidson maintains its rating on F5 Networks (NASDAQ:FFIV). As per the latest information, the brokerage house raises the price target to $145 per share from a prior target of $125.34. The shares have been rated Buy. The rating by the firm was issued on August 12, 2016.
F5 Networks, Inc. is the developer and provider of application delivery services. The Companys core technology is a full-proxy, programmable, software platform called TMOS (Traffic Management Operating System). It helps organizations seamlessly scale cloud, data center, and software-defined networking deployments to successfully deliver applications to anyone, anywhere, at any time. It works with many technology companies to improve manageability, strengthen security, and ensure faster and more successful deployments. Its applications include availability and delivery. It can remove the roadblocks in ones network to efficiently and securely deliver applications that are available to users when and where they need them. It can also accelerate ones application response time, minimize latency and delays, and reduce the number of data round trips necessary to complete a web request.