Allstate Corp Invests $318,000 in F5, Inc. (NASDAQ:FFIV)

Allstate Corp bought a new stake in shares of F5, Inc. (NASDAQ:FFIV) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 1,264 shares of the network technology company’s stock, valued at approximately $318,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FFIV. DnB Asset Management AS increased its stake in shares of F5 by 1.2% during the 4th quarter. DnB Asset Management AS now owns 16,812 shares of the network technology company’s stock worth $4,228,000 after purchasing an additional 197 shares in the last quarter. denkapparat Operations GmbH purchased a new position in F5 during the fourth quarter worth $223,000. Norges Bank acquired a new position in shares of F5 in the fourth quarter worth $171,127,000. NEOS Investment Management LLC purchased a new stake in shares of F5 in the fourth quarter valued at $208,000. Finally, WINTON GROUP Ltd acquired a new stake in shares of F5 during the fourth quarter valued at $6,787,000. Institutional investors and hedge funds own 90.66% of the company’s stock.

Insiders Place Their Bets

In other F5 news, Director Marianne Budnik sold 728 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $304.45, for a total value of $221,639.60. Following the completion of the transaction, the director now owns 1,770 shares in the company, valued at $538,876.50. This represents a 29.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Francois Locoh-Donou sold 6,500 shares of the company’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $303.06, for a total transaction of $1,969,890.00. Following the completion of the transaction, the chief executive officer now owns 151,247 shares of the company’s stock, valued at $45,836,915.82. This trade represents a 4.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,232 shares of company stock worth $5,310,131 over the last ninety days. 0.52% of the stock is owned by company insiders.

F5 Price Performance

NASDAQ FFIV opened at $272.73 on Thursday. The business’s 50-day simple moving average is $284.99 and its 200-day simple moving average is $256.04. The firm has a market capitalization of $15.72 billion, a P/E ratio of 27.11, a P/E/G ratio of 3.85 and a beta of 1.10. F5, Inc. has a 1-year low of $159.01 and a 1-year high of $313.00.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Evercore ISI upped their target price on shares of F5 from $240.00 to $270.00 and gave the company an “in-line” rating in a report on Friday, January 17th. Barclays raised their target price on shares of F5 from $246.00 to $296.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 29th. Morgan Stanley boosted their price target on F5 from $262.00 to $310.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th. Needham & Company LLC raised their price objective on F5 from $285.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Finally, The Goldman Sachs Group upped their target price on F5 from $257.00 to $295.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $295.00.

F5 Company Profile

F5, Inc provides multi-cloud application security and delivery solutions in the United States, Europe, the Middle East, Africa, and the Asia Pacific region. The company’s distributed cloud services enable its customers to deploy, secure, and operate applications in any architecture, from on-premises to the public cloud.