Akamai Technologies, Inc. (NASDAQ:AKAM) Holdings Decreased by Champlain Investment Partners LLC

Champlain Investment Partners LLC trimmed its holdings in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 2.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,779,998 shares of the technology infrastructure company’s stock after selling 48,255 shares during the period. Champlain Investment Partners LLC’s holdings in Akamai Technologies were worth $179,691,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Farther Finance Advisors LLC increased its stake in shares of Akamai Technologies by 85.7% in the third quarter. Farther Finance Advisors LLC now owns 247 shares of the technology infrastructure company’s stock worth $25,000 after acquiring an additional 114 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of Akamai Technologies by 170.8% during the 2nd quarter. Versant Capital Management Inc now owns 306 shares of the technology infrastructure company’s stock worth $28,000 after purchasing an additional 193 shares in the last quarter. Innealta Capital LLC acquired a new stake in shares of Akamai Technologies during the 2nd quarter valued at about $28,000. EntryPoint Capital LLC bought a new stake in shares of Akamai Technologies in the 1st quarter valued at approximately $31,000. Finally, Family Firm Inc. acquired a new position in Akamai Technologies in the second quarter worth approximately $35,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Akamai Technologies Stock Performance

AKAM opened at $92.90 on Friday. The stock has a market cap of $13.96 billion, a PE ratio of 27.49, a P/E/G ratio of 3.33 and a beta of 0.68. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.50. The stock’s 50 day simple moving average is $99.09 and its 200-day simple moving average is $96.39. Akamai Technologies, Inc. has a 1 year low of $84.70 and a 1 year high of $129.17.

Insider Activity

In other Akamai Technologies news, CTO Robert Blumofe sold 2,500 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $88.61, for a total transaction of $221,525.00. Following the sale, the chief technology officer now directly owns 19,510 shares of the company’s stock, valued at approximately $1,728,781.10. This represents a 11.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William Raymond Wagner sold 1,000 shares of Akamai Technologies stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $100.73, for a total transaction of $100,730.00. Following the completion of the transaction, the director now owns 16,719 shares of the company’s stock, valued at $1,684,104.87. This trade represents a 5.64 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,500 shares of company stock worth $1,065,975. Corporate insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on AKAM shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $100.00 target price on shares of Akamai Technologies in a research note on Thursday, August 15th. Craig Hallum upgraded Akamai Technologies from a “hold” rating to a “buy” rating and raised their target price for the company from $110.00 to $125.00 in a report on Friday, August 9th. DA Davidson reiterated a “buy” rating and set a $115.00 price target on shares of Akamai Technologies in a research note on Friday, August 9th. Scotiabank decreased their target price on Akamai Technologies from $115.00 to $112.00 and set a “sector outperform” rating for the company in a research report on Friday, November 8th. Finally, TD Cowen upped their price objective on shares of Akamai Technologies from $129.00 to $131.00 and gave the stock a “buy” rating in a report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Akamai Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $117.47.

Akamai Technologies Company Profile

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.