Vanguard Personalized Indexing Management LLC Purchases 1,635 Shares of Akamai Technologies, Inc. (NASDAQ:AKAM)

Vanguard Personalized Indexing Management LLC lifted its position in Akamai Technologies, Inc. (NASDAQ:AKAMFree Report) by 13.6% during the third quarter, Holdings Channel reports. The institutional investor owned 13,696 shares of the technology infrastructure company’s stock after buying an additional 1,635 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Akamai Technologies were worth $1,459,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of AKAM. Fairfield Bush & CO. purchased a new stake in Akamai Technologies during the 1st quarter worth approximately $107,000. Private Advisor Group LLC grew its position in Akamai Technologies by 16.0% during the 1st quarter. Private Advisor Group LLC now owns 4,491 shares of the technology infrastructure company’s stock worth $536,000 after purchasing an additional 620 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Akamai Technologies by 6.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,740 shares of the technology infrastructure company’s stock worth $2,596,000 after purchasing an additional 1,346 shares during the last quarter. Cibc World Market Inc. grew its position in Akamai Technologies by 2.3% during the 1st quarter. Cibc World Market Inc. now owns 10,741 shares of the technology infrastructure company’s stock worth $1,282,000 after purchasing an additional 237 shares during the last quarter. Finally, Cetera Investment Advisers lifted its stake in Akamai Technologies by 48.7% during the 1st quarter. Cetera Investment Advisers now owns 2,789 shares of the technology infrastructure company’s stock valued at $333,000 after acquiring an additional 914 shares during the period. Hedge funds and other institutional investors own 91.40% of the company’s stock.

Akamai Technologies Stock Performance

NASDAQ:AKAM opened at $128.32 on Friday. 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 has a fifty day moving average of $119.56 and a two-hundred day moving average of $110.31. The stock has a market capitalization of $19.35 billion, a PE 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.

Insiders Place Their Bets

In other news, EVP Aaron Ahola sold 4,400 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $112.02, for a total transaction of $492,888.00. Following the completion of the sale, the executive vice president now owns 10,684 shares of the company’s stock, valued at $1,196,821.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Paul C. Joseph sold 4,000 shares of the company’s stock in a transaction 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 completion of the sale, the executive vice president now owns 24,065 shares of the company’s stock, valued at $2,707,312.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Aaron Ahola sold 4,400 shares of the company’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $112.02, for a total transaction of $492,888.00. Following the sale, the executive vice president now directly owns 10,684 shares of the company’s stock, valued at approximately $1,196,821.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,136 shares of company stock worth $2,426,164. Company insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on AKAM shares. KeyCorp lifted their price objective on shares of Akamai Technologies from $134.00 to $138.00 and gave the company an “overweight” rating in a research note on Friday, January 19th. Raymond James lifted their price objective on shares of Akamai Technologies from $115.00 to $122.00 and gave the company an “outperform” rating in a research note on Wednesday, November 8th. Morgan Stanley lifted their price objective on shares of Akamai Technologies from $102.00 to $112.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 8th. Guggenheim upgraded shares of Akamai Technologies from a “sell” rating to a “neutral” rating in a research note on Thursday, October 26th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Akamai Technologies from $74.00 to $78.00 and gave the company an “underweight” rating in a research note on Wednesday, November 8th. One analyst has rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $114.11.

Check Out Our Latest Analysis on Akamai Technologies

About Akamai Technologies

(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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