Vontobel Holding Ltd. decreased its position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM – Free Report) by 21.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,216,429 shares of the technology infrastructure company’s stock after selling 340,965 shares during the period. Vontobel Holding Ltd.’s holdings in Akamai Technologies were worth $106,133,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd increased its position in Akamai Technologies by 124.0% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 20,365 shares of the technology infrastructure company’s stock worth $1,777,000 after buying an additional 11,273 shares during the period. Y Intercept Hong Kong Ltd increased its position in Akamai Technologies by 183.1% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 78,134 shares of the technology infrastructure company’s stock worth $6,817,000 after buying an additional 50,532 shares during the period. Gagnon Securities LLC acquired a new position in Akamai Technologies during the fourth quarter worth approximately $220,000. Advisors Asset Management Inc. increased its position in Akamai Technologies by 38.8% during the fourth quarter. Advisors Asset Management Inc. now owns 32,448 shares of the technology infrastructure company’s stock worth $2,831,000 after buying an additional 9,067 shares during the period. Finally, CI Investments Inc. increased its position in Akamai Technologies by 27.4% during the fourth quarter. CI Investments Inc. now owns 2,324 shares of the technology infrastructure company’s stock worth $203,000 after buying an additional 500 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.
Akamai Technologies Stock Up 0.8%
Akamai Technologies stock opened at $133.50 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.06 and a quick ratio of 2.06. Akamai Technologies, Inc. has a 1-year low of $69.78 and a 1-year high of $165.45. The company has a market cap of $19.41 billion, a PE ratio of 44.95, a price-to-earnings-growth ratio of 4.18 and a beta of 0.60. The stock’s 50 day moving average price is $126.43 and its 200 day moving average price is $107.00.
Analyst Ratings Changes
AKAM has been the topic of several research analyst reports. Morgan Stanley lifted their price target on Akamai Technologies from $120.00 to $165.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Royal Bank Of Canada boosted their target price on Akamai Technologies from $100.00 to $150.00 and gave the company a “sector perform” rating in a report on Friday, May 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Akamai Technologies in a report on Friday, March 27th. Craig Hallum raised Akamai Technologies from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a report on Friday, May 8th. Finally, JPMorgan Chase & Co. boosted their target price on Akamai Technologies from $72.00 to $100.00 in a report on Friday, May 8th. Twelve investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Akamai Technologies has an average rating of “Hold” and an average target price of $145.29.
Read Our Latest Stock Report on AKAM
Insider Buying and Selling at Akamai Technologies
In related news, EVP Kim Salem-Jackson sold 2,300 shares of Akamai Technologies stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $135.57, for a total value of $311,811.00. Following the sale, the executive vice president directly owned 59,210 shares in the company, valued at $8,027,099.70. The trade was a 3.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.30% of the stock is currently owned by company insiders.
Akamai Technologies Company Profile
Akamai Technologies, Inc is a leading provider of content delivery network (CDN) services and cloud security solutions designed to optimize and safeguard digital experiences. Leveraging a globally distributed platform, the company accelerates web and mobile content delivery for enterprises, media companies, e-commerce platforms and government agencies. Its edge computing architecture brings processing power closer to end users, reducing latency and improving application performance across geographies.
The company’s core offerings include content acceleration, web and mobile performance optimization, media delivery, and a suite of cybersecurity solutions that protect against DDoS attacks, application-layer threats and bot-driven fraud.
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