Akamai Technologies, Inc. (NASDAQ:AKAM) EVP Paul C. Joseph Sells 4,000 Shares

Akamai Technologies, Inc. (NASDAQ:AKAM) EVP Paul C. Joseph sold 4,000 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $88.63, for a total transaction of $354,520.00. Following the completion of the transaction, the executive vice president now owns 26,703 shares in the company, valued at $2,366,686.89. This represents a 13.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Akamai Technologies Price Performance

NASDAQ AKAM traded down $0.92 on Friday, hitting $87.43. The company had a trading volume of 2,616,613 shares, compared to its average volume of 1,664,409. The company has a market capitalization of $13.13 billion, a PE ratio of 25.89, a PEG ratio of 3.36 and a beta of 0.68. The company’s fifty day moving average price is $100.02 and its 200-day moving average price is $96.88. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.33 and a quick ratio of 1.32. Akamai Technologies, Inc. has a 12-month low of $86.78 and a 12-month high of $129.17.

Institutional Investors Weigh In On Akamai Technologies

A number of large investors have recently modified their holdings of the business. XTX Topco Ltd purchased a new stake in shares of Akamai Technologies during the third quarter worth $935,000. National Bank of Canada FI boosted its position in shares of Akamai Technologies by 83.1% during the 3rd quarter. National Bank of Canada FI now owns 77,443 shares of the technology infrastructure company’s stock valued at $7,818,000 after acquiring an additional 35,142 shares during the last quarter. iA Global Asset Management Inc. lifted its position in Akamai Technologies by 12.2% in the third quarter. iA Global Asset Management Inc. now owns 3,145 shares of the technology infrastructure company’s stock valued at $317,000 after buying an additional 341 shares during the last quarter. EP Wealth Advisors LLC lifted its position in Akamai Technologies by 26.2% in the third quarter. EP Wealth Advisors LLC now owns 10,983 shares of the technology infrastructure company’s stock valued at $1,109,000 after buying an additional 2,278 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC acquired a new position in Akamai Technologies in the third quarter valued at about $13,313,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. TD Cowen upped their target price on shares of Akamai Technologies from $129.00 to $131.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Guggenheim raised shares of Akamai Technologies from a “neutral” rating to a “buy” rating and set a $128.00 target price for the company in a research report on Monday, July 29th. Needham & Company LLC reissued a “hold” rating on shares of Akamai Technologies in a report on Friday, August 9th. Robert W. Baird lowered their price target on shares of Akamai Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a report on Monday. Finally, DA Davidson reaffirmed a “buy” rating and set a $115.00 price target on shares of Akamai Technologies in a research report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $117.47.

About Akamai Technologies

Akamai Technologies, Inc provides cloud computing, security, and content delivery services 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.