Allstate Corp Buys Shares of 1,264 F5, Inc. (NASDAQ:FFIV)

Allstate Corp purchased a new position in shares of F5, Inc. (NASDAQ:FFIV) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 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 have also made changes to their positions in the stock. Jones Financial Companies Lllp raised its stake in shares of F5 by 4.3% in the 4th quarter. Jones Financial Companies Lllp now owns 852 shares of the network technology company’s stock valued at $214,000 after purchasing an additional 35 shares in the last quarter. AMG National Trust Bank raised its stake in F5 by 0.5% during the fourth quarter. AMG National Trust Bank now owns 7,869 shares of the network technology company’s stock valued at $1,987,000 after buying an additional 37 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its holdings in F5 by 2.8% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,607 shares of the network technology company’s stock worth $404,000 after buying an additional 44 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of F5 by 31.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company’s stock valued at $51,000 after acquiring an additional 49 shares during the last quarter. Finally, HighTower Advisors LLC increased its holdings in shares of F5 by 5.3% in the 4th quarter. HighTower Advisors LLC now owns 966 shares of the network technology company’s stock valued at $243,000 after acquiring an additional 49 shares during the last quarter. Institutional investors own 90.66% of the company’s stock.

F5 Stock Up 1.5 %

FFIV stock opened at $272.73 on Thursday. The company has a 50-day simple moving average of $284.99 and a 200 day simple moving average of $256.04. The company has a market capitalization of $15.72 billion, a P/E ratio of 27.11, a PEG ratio of 3.85 and a beta of 1.10. F5, Inc. has a fifty-two week low of $159.01 and a fifty-two week high of $313.00.

Analyst Ratings Changes

FFIV has been the subject of several recent research reports. Barclays boosted their target price on shares of F5 from $246.00 to $296.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 29th. Piper Sandler increased their price objective on shares of F5 from $246.00 to $304.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Morgan Stanley lifted their target price on F5 from $262.00 to $310.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 29th. Royal Bank of Canada increased their price target on F5 from $260.00 to $310.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 29th. Finally, Bank of America boosted their price objective on F5 from $180.00 to $260.00 and gave the company an “underperform” rating in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, F5 has an average rating of “Hold” and a consensus price target of $295.00.

Insiders Place Their Bets

In other news, EVP Scot Frazier Rogers sold 3,486 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $293.18, for a total value of $1,022,025.48. Following the completion of the sale, the executive vice president now owns 20,075 shares in the company, valued at $5,885,588.50. This represents a 14.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Francois Locoh-Donou sold 1,300 shares of F5 stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $265.37, for a total value of $344,981.00. Following the transaction, the chief executive officer now directly owns 148,647 shares in the company, valued at approximately $39,446,454.39. The trade was a 0.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,232 shares of company stock worth $5,310,131. 0.52% of the stock is owned by corporate insiders.

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.