Allstate Corp bought a new position in F5, Inc. (NASDAQ:FFIV - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,264 shares of the network technology company's stock, valued at approximately $318,000.
A number of other large investors have also recently added to or reduced their stakes in FFIV. Norges Bank acquired a new position in shares of F5 during the fourth quarter worth about $171,127,000. Edge Capital Group LLC bought a new position in shares of F5 during the 4th quarter worth approximately $59,623,000. Cookson Peirce & Co. Inc. acquired a new stake in shares of F5 in the fourth quarter valued at approximately $53,212,000. Point72 Asset Management L.P. bought a new stake in F5 during the 3rd quarter worth about $35,090,000. Finally, Jupiter Asset Management Ltd. increased its position in shares of F5 by 83.1% during the 4th quarter. Jupiter Asset Management Ltd. now owns 296,506 shares of the network technology company's stock worth $74,562,000 after purchasing an additional 134,537 shares during the last quarter. Institutional investors own 90.66% of the company's stock.
Insiders Place Their Bets
In other news, insider Lyra Amber Schramm sold 253 shares of the firm's stock in a transaction dated Saturday, February 1st. The stock was sold at an average price of $297.26, for a total value of $75,206.78. Following the completion of the transaction, the insider now directly owns 200 shares in the company, valued at $59,452. This trade represents a 55.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Marianne Budnik sold 1,872 shares of the business's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $260.72, for a total value of $488,067.84. Following the completion of the transaction, the director now directly owns 1,207 shares of the company's stock, valued at approximately $314,689.04. This trade represents a 60.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,232 shares of company stock worth $5,310,131 in the last ninety days. 0.52% of the stock is owned by company insiders.
F5 Stock Down 4.7 %
FFIV traded down $11.73 during trading on Friday, reaching $239.25. The company had a trading volume of 725,506 shares, compared to its average volume of 569,659. The stock has a market cap of $13.79 billion, a P/E ratio of 23.78, a PEG ratio of 3.85 and a beta of 1.14. F5, Inc. has a 52 week low of $159.01 and a 52 week high of $313.00. The business has a 50 day simple moving average of $283.88 and a 200-day simple moving average of $256.18.
Analysts Set New Price Targets
FFIV has been the subject of a number of research analyst reports. Needham & Company LLC boosted 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. Bank of America lifted their price objective on shares of F5 from $180.00 to $260.00 and gave the company an "underperform" rating in a research note on Friday, January 31st. Piper Sandler increased their price objective on shares of F5 from $246.00 to $304.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Barclays lifted their price target on shares of F5 from $246.00 to $296.00 and gave the stock an "equal weight" rating in a report on Wednesday, January 29th. Finally, The Goldman Sachs Group lifted their price objective on F5 from $257.00 to $295.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $295.00.
Read Our Latest Stock Report on F5
F5 Profile
(
Free Report)
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.
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