Akamai Technologies, Inc. (NASDAQ:AKAM) Stake Lowered by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC trimmed its stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAMFree Report) by 7.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,326 shares of the technology infrastructure company’s stock after selling 429 shares during the period. Aptus Capital Advisors LLC’s holdings in Akamai Technologies were worth $567,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Pathstone Family Office LLC lifted its position in shares of Akamai Technologies by 28.1% in the 3rd quarter. Pathstone Family Office LLC now owns 13,931 shares of the technology infrastructure company’s stock valued at $1,484,000 after acquiring an additional 3,057 shares in the last quarter. AlphaStar Capital Management LLC lifted its holdings in shares of Akamai Technologies by 13.6% in the third quarter. AlphaStar Capital Management LLC now owns 5,149 shares of the technology infrastructure company’s stock valued at $549,000 after purchasing an additional 618 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in shares of Akamai Technologies by 13.6% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 13,696 shares of the technology infrastructure company’s stock worth $1,459,000 after buying an additional 1,635 shares during the period. Shell Asset Management Co. grew its holdings in shares of Akamai Technologies by 1.2% during the third quarter. Shell Asset Management Co. now owns 9,800 shares of the technology infrastructure company’s stock valued at $1,044,000 after buying an additional 116 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Akamai Technologies by 1.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 829,661 shares of the technology infrastructure company’s stock valued at $88,392,000 after buying an additional 10,900 shares during the period. Institutional investors and hedge funds own 91.40% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on AKAM. KeyCorp raised their price objective on Akamai Technologies from $134.00 to $138.00 and gave the stock an “overweight” rating in a research report on Friday, January 19th. Morgan Stanley boosted their price objective on shares of Akamai Technologies from $102.00 to $112.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 8th. StockNews.com upgraded shares of Akamai Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, January 25th. Royal Bank of Canada boosted their price target on shares of Akamai Technologies from $97.00 to $115.00 and gave the company a “sector perform” rating in a report on Wednesday, November 8th. Finally, Raymond James increased their price objective on Akamai Technologies from $115.00 to $122.00 and gave the stock an “outperform” rating in a report on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Akamai Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $114.11.

Get Our Latest Stock Analysis on AKAM

Akamai Technologies Stock Performance

Shares of NASDAQ AKAM opened at $128.32 on Friday. The business’s 50-day simple moving average is $119.56 and its 200-day simple moving average is $110.31. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.30 and a current ratio of 2.30. Akamai Technologies, Inc. has a 52 week low of $70.65 and a 52 week high of $129.17. The firm has a market cap of $19.35 billion, a price-to-earnings ratio of 38.65, a P/E/G ratio of 3.19 and a beta of 0.76.

Insiders Place Their Bets

In other news, EVP Paul C. Joseph sold 4,000 shares of Akamai Technologies stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $112.50, for a total value of $450,000.00. Following the transaction, the executive vice president now owns 24,065 shares of the company’s stock, valued at $2,707,312.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Akamai Technologies news, EVP Paul C. Joseph sold 4,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $112.50, for a total transaction of $450,000.00. Following the completion of the sale, the executive vice president now directly owns 24,065 shares in the company, valued at $2,707,312.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Kim Salem-Jackson sold 2,600 shares of Akamai Technologies stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $123.30, for a total value of $320,580.00. Following the completion of the transaction, the chief marketing officer now owns 27,663 shares in the company, valued at $3,410,847.90. The disclosure for this sale can be found here. Insiders sold 21,136 shares of company stock valued at $2,426,164 over the last 90 days. 1.80% of the stock is currently owned by company insiders.

About Akamai Technologies

(Free Report)

Akamai Technologies, Inc provides cloud services for securing, delivering, and computing content, applications, and software over the internet in the United States and internationally. The company offers cloud solutions to keep infrastructure, websites, applications, application programming interfaces, and users safe from various cyberattacks and online threats while enhancing performance.

Further Reading

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Institutional Ownership by Quarter for Akamai Technologies (NASDAQ:AKAM)

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