Allstate Corp Boosts Stake in F5, Inc. $FFIV

Key Points

• Allstate Corp has increased its holdings in F5, Inc. by 134.4% during the first quarter, bringing its total investment in the company to $789,000.
• F5 recently reported a quarterly earnings per share (EPS) of $4.16, exceeding the consensus estimate by $0.67, along with a revenue of $780.37 million for the quarter.
• Insider activity shows CEO Francois Locoh-Donou sold 1,300 shares at an average price of $308.14, representing a 1.17% decrease in his ownership stake in the company.

Allstate Corp increased its stake in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 134.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,963 shares of the network technology company's stock after acquiring an additional 1,699 shares during the period. Allstate Corp's holdings in F5 were worth $789,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Annis Gardner Whiting Capital Advisors LLC grew its holdings in F5 by 134.1% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 103 shares of the network technology company's stock valued at $27,000 after purchasing an additional 59 shares during the period. Golden State Wealth Management LLC grew its holdings in F5 by 275.0% in the first quarter. Golden State Wealth Management LLC now owns 105 shares of the network technology company's stock valued at $28,000 after purchasing an additional 77 shares during the period. Park Square Financial Group LLC acquired a new stake in F5 in the fourth quarter valued at approximately $31,000. MassMutual Private Wealth & Trust FSB grew its holdings in F5 by 31.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 293 shares of the network technology company's stock valued at $78,000 after purchasing an additional 70 shares during the period. Finally, Caitong International Asset Management Co. Ltd grew its holdings in F5 by 32.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 325 shares of the network technology company's stock valued at $87,000 after purchasing an additional 80 shares during the period. 90.66% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Francois Locoh-Donou sold 1,300 shares of F5 stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $308.14, for a total transaction of $400,582.00. Following the transaction, the chief executive officer owned 110,153 shares in the company, valued at approximately $33,942,545.42. This trade represents a 1.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Chad Michael Whalen sold 5,297 shares of F5 stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $322.24, for a total value of $1,706,905.28. Following the transaction, the executive vice president owned 23,591 shares in the company, valued at approximately $7,601,963.84. The trade was a 18.34% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,744 shares of company stock worth $3,347,605. 0.52% of the stock is owned by corporate insiders.

F5 Price Performance

F5 stock traded up $2.17 during trading on Wednesday, reaching $317.74. 249,634 shares of the company were exchanged, compared to its average volume of 572,547. F5, Inc. has a 52-week low of $197.34 and a 52-week high of $334.00. The company has a market capitalization of $18.25 billion, a P/E ratio of 27.99, a PEG ratio of 3.64 and a beta of 1.03. The stock's 50 day simple moving average is $305.19 and its two-hundred day simple moving average is $286.87.

F5 (NASDAQ:FFIV - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The network technology company reported $4.16 EPS for the quarter, topping analysts' consensus estimates of $3.49 by $0.67. F5 had a return on equity of 21.77% and a net margin of 22.06%.The firm had revenue of $780.37 million for the quarter, compared to the consensus estimate of $750.64 million. During the same quarter last year, the business posted $3.36 earnings per share. The firm's revenue was up 12.2% compared to the same quarter last year. F5 has set its FY 2025 guidance at 15.240-15.380 EPS. Q4 2025 guidance at 3.870-3.990 EPS. As a group, equities analysts forecast that F5, Inc. will post 11.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on FFIV shares. JPMorgan Chase & Co. raised their price objective on F5 from $285.00 to $305.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. Piper Sandler raised their price objective on F5 from $304.00 to $355.00 and gave the company a "neutral" rating in a report on Thursday, July 31st. Wall Street Zen lowered F5 from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Wolfe Research began coverage on F5 in a research note on Monday, July 7th. They issued an "outperform" rating on the stock. Finally, William Blair reaffirmed an "outperform" rating on shares of F5 in a research note on Tuesday, April 29th. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $309.89.

F5 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.