J.P. Morgan Private Wealth Advisors LLC Invests $1.67 Million in Akamai Technologies, Inc. (NASDAQ:AKAM)

J.P. Morgan Private Wealth Advisors LLC purchased a new position in shares of Akamai Technologies, Inc. (NASDAQ:AKAMFree Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 15,635 shares of the technology infrastructure company’s stock, valued at approximately $1,666,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Ancora Advisors LLC boosted its position in Akamai Technologies by 103.3% during the first quarter. Ancora Advisors LLC now owns 250 shares of the technology infrastructure company’s stock worth $25,000 after purchasing an additional 127 shares during the period. Mcmillion Capital Management Inc. bought a new position in Akamai Technologies in the 2nd quarter valued at about $34,000. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Akamai Technologies by 178.5% during the second 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 period. Belpointe Asset Management LLC increased its stake in shares of Akamai Technologies by 50.1% during the first quarter. Belpointe Asset Management LLC now owns 509 shares of the technology infrastructure company’s stock worth $40,000 after purchasing an additional 170 shares during the period. Finally, Dark Forest Capital Management LP boosted its stake in Akamai Technologies by 524.7% in the 1st quarter. Dark Forest Capital Management LP now owns 556 shares of the technology infrastructure company’s stock valued at $44,000 after purchasing an additional 467 shares during the period. Institutional investors own 91.40% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on AKAM. KeyCorp lifted their target price on Akamai Technologies from $134.00 to $138.00 and gave the stock an “overweight” rating in a report on Friday, January 19th. Raymond James boosted their price objective on shares of Akamai Technologies from $115.00 to $122.00 and gave the company an “outperform” rating in a report on Wednesday, November 8th. Morgan Stanley raised their target price on shares of Akamai Technologies from $102.00 to $112.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 8th. Royal Bank of Canada boosted their price target on Akamai Technologies from $97.00 to $115.00 and gave the company a “sector perform” rating in a research note on Wednesday, November 8th. Finally, JPMorgan Chase & Co. raised their price objective on Akamai Technologies from $74.00 to $78.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 8th. One equities research 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. According to MarketBeat, Akamai Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $114.11.

Check Out Our Latest Report on Akamai Technologies

Akamai Technologies Stock Performance

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

Insider Activity

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

Akamai Technologies 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.

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

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