Akamai Technologies, Inc. (NASDAQ:AKAM) Stock Holdings Increased by Park Avenue Securities LLC

Park Avenue Securities LLC boosted its position in Akamai Technologies, Inc. (NASDAQ:AKAMGet Rating) by 5.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 5,484 shares of the technology infrastructure company’s stock after buying an additional 286 shares during the period. Park Avenue Securities LLC’s holdings in Akamai Technologies were worth $440,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AKAM. Clarius Group LLC lifted its stake in shares of Akamai Technologies by 4.9% in the second quarter. Clarius Group LLC now owns 2,454 shares of the technology infrastructure company’s stock valued at $224,000 after buying an additional 115 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Akamai Technologies by 0.8% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 16,127 shares of the technology infrastructure company’s stock valued at $1,295,000 after buying an additional 121 shares during the period. Cetera Investment Advisers lifted its stake in shares of Akamai Technologies by 4.4% in the second quarter. Cetera Investment Advisers now owns 2,913 shares of the technology infrastructure company’s stock valued at $266,000 after buying an additional 124 shares during the period. Ancora Advisors LLC lifted its stake in shares of Akamai Technologies by 103.3% in the first quarter. Ancora Advisors LLC now owns 250 shares of the technology infrastructure company’s stock valued at $25,000 after buying an additional 127 shares during the period. Finally, Opes Wealth Management LLC lifted its stake in shares of Akamai Technologies by 2.8% in the third quarter. Opes Wealth Management LLC now owns 4,686 shares of the technology infrastructure company’s stock valued at $376,000 after buying an additional 128 shares during the period. 90.41% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AKAM has been the subject of a number of analyst reports. KeyCorp cut their price target on shares of Akamai Technologies from $116.00 to $110.00 and set an “overweight” rating for the company in a research note on Wednesday, November 9th. Robert W. Baird cut their price target on shares of Akamai Technologies to $90.00 in a research note on Tuesday, November 15th. Morgan Stanley dropped their price objective on shares of Akamai Technologies from $98.00 to $92.00 and set an “equal weight” rating for the company in a report on Wednesday, November 9th. StockNews.com lowered shares of Akamai Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, December 21st. Finally, Cowen dropped their price objective on shares of Akamai Technologies from $164.00 to $137.00 in a report on Wednesday, November 9th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Akamai Technologies has an average rating of “Moderate Buy” and a consensus price target of $109.86.

Insider Buying and Selling at Akamai Technologies

In other Akamai Technologies news, CEO F Thomson Leighton acquired 281 shares of Akamai Technologies stock in a transaction on Monday, December 12th. The shares were purchased at an average cost of $89.02 per share, with a total value of $25,014.62. Following the completion of the purchase, the chief executive officer now owns 281 shares in the company, valued at $25,014.62. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO F Thomson Leighton purchased 281 shares of Akamai Technologies stock in a transaction dated Monday, December 12th. The shares were bought at an average cost of $89.02 per share, with a total value of $25,014.62. Following the completion of the transaction, the chief executive officer now directly owns 281 shares in the company, valued at approximately $25,014.62. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Paul C. Joseph sold 1,500 shares of Akamai Technologies stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $85.00, for a total transaction of $127,500.00. Following the transaction, the executive vice president now directly owns 26,806 shares in the company, valued at $2,278,510. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 3,471 shares of company stock valued at $300,553 and have sold 10,363 shares valued at $946,762. Insiders own 1.70% of the company’s stock.

Akamai Technologies Price Performance

Shares of AKAM stock opened at $88.13 on Friday. Akamai Technologies, Inc. has a 52-week low of $76.28 and a 52-week high of $123.25. The stock has a market cap of $13.86 billion, a PE ratio of 28.25, a PEG ratio of 1.66 and a beta of 0.74. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.25 and a current ratio of 2.25. The firm’s 50 day moving average price is $88.31 and its two-hundred day moving average price is $88.78.

Akamai Technologies (NASDAQ:AKAMGet Rating) last announced its quarterly earnings data on Tuesday, November 8th. The technology infrastructure company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.07). Akamai Technologies had a net margin of 14.12% and a return on equity of 16.00%. The business had revenue of $881.90 million during the quarter, compared to the consensus estimate of $875.99 million. During the same period in the previous year, the business posted $1.20 earnings per share. Akamai Technologies’s revenue was up 2.5% compared to the same quarter last year. As a group, analysts forecast that Akamai Technologies, Inc. will post 4.18 EPS for the current year.

About Akamai Technologies

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Akamai Technologies, Inc provides cloud services for securing, delivering, and optimizing content and business applications 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.

See Also

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

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