Keybank National Association OH Has $466,000 Stock Holdings in Akamai Technologies, Inc. (NASDAQ:AKAM)

Keybank National Association OH lessened its holdings in Akamai Technologies, Inc. (NASDAQ:AKAMFree Report) by 54.0% during the 3rd quarter, Holdings Channel reports. The firm owned 4,377 shares of the technology infrastructure company’s stock after selling 5,130 shares during the period. Keybank National Association OH’s holdings in Akamai Technologies were worth $466,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ancora Advisors LLC boosted its stake in Akamai Technologies by 103.3% during the 1st quarter. Ancora Advisors LLC now owns 250 shares of the technology infrastructure company’s stock worth $25,000 after acquiring an additional 127 shares during the last quarter. Mcmillion Capital Management Inc. bought a new position in Akamai Technologies during the 2nd quarter worth approximately $34,000. Massmutual Trust Co. FSB ADV boosted its stake in Akamai Technologies by 178.5% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 401 shares of the technology infrastructure company’s stock worth $36,000 after acquiring an additional 257 shares during the last quarter. Close Asset Management Ltd boosted its stake in Akamai Technologies by 69.4% during the 3rd quarter. Close Asset Management Ltd now owns 488 shares of the technology infrastructure company’s stock worth $52,000 after acquiring an additional 200 shares during the last quarter. Finally, Belpointe Asset Management LLC boosted its stake in Akamai Technologies by 50.1% during the 1st quarter. Belpointe Asset Management LLC now owns 509 shares of the technology infrastructure company’s stock worth $40,000 after acquiring an additional 170 shares during the last quarter. Institutional investors own 91.40% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on AKAM. Raymond James raised their target price on shares of Akamai Technologies from $115.00 to $122.00 and gave the stock an “outperform” rating in a report on Wednesday, November 8th. StockNews.com upgraded shares of Akamai Technologies from a “hold” rating to a “buy” rating in a report on Thursday, January 25th. KeyCorp raised their target price on shares of Akamai Technologies from $134.00 to $138.00 and gave the stock an “overweight” rating in a report on Friday, January 19th. Royal Bank of Canada lifted their price objective 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, Susquehanna began coverage on shares of Akamai Technologies in a report on Friday, December 15th. They issued a “positive” rating and a $150.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $114.11.

Check Out Our Latest Report on AKAM

Insider Activity at Akamai Technologies

In related news, CMO Kim Salem-Jackson sold 2,600 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $123.30, for a total transaction of $320,580.00. Following the completion of the sale, the chief marketing officer now owns 27,663 shares of the company’s stock, valued at $3,410,847.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CMO Kim Salem-Jackson sold 2,600 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $123.30, for a total transaction of $320,580.00. Following the completion of the sale, the chief marketing officer now owns 27,663 shares of the company’s stock, valued at $3,410,847.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Madhu Ranganathan sold 3,386 shares of the company’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $110.65, for a total transaction of $374,660.90. Following the sale, the director now directly owns 5,356 shares of the company’s stock, valued at approximately $592,641.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,522 shares of company stock worth $2,800,825. Corporate insiders own 1.80% of the company’s stock.

Akamai Technologies Trading Up 0.9 %

AKAM stock opened at $125.57 on Thursday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.30 and a current ratio of 2.30. The company’s 50-day simple moving average is $119.09 and its 200 day simple moving average is $109.83. Akamai Technologies, Inc. has a 52 week low of $70.65 and a 52 week high of $125.90. The company has a market capitalization of $18.94 billion, a PE ratio of 37.82, a price-to-earnings-growth ratio of 3.13 and a beta of 0.76.

Akamai Technologies (NASDAQ:AKAMGet Free Report) last released its quarterly earnings results on Tuesday, November 7th. The technology infrastructure company reported $0.98 EPS for the quarter, missing the consensus estimate of $1.15 by ($0.17). Akamai Technologies had a net margin of 13.76% and a return on equity of 14.54%. The business had revenue of $965.48 million during the quarter, compared to analyst estimates of $944.57 million. As a group, sell-side analysts anticipate that Akamai Technologies, Inc. will post 4.45 earnings per share for the current year.

Akamai Technologies Company Profile

(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.

Featured Stories

Want to see what other hedge funds are holding AKAM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Akamai Technologies, Inc. (NASDAQ:AKAMFree Report).

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

Receive News & Ratings for Akamai Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Akamai Technologies and related companies with MarketBeat.com's FREE daily email newsletter.