Natixis Advisors LLC Buys 57,210 Shares of Akamai Technologies, Inc. (NASDAQ:AKAM)

Natixis Advisors LLC raised its position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 29.2% in the third quarter, Holdings Channel reports. The firm owned 253,334 shares of the technology infrastructure company’s stock after acquiring an additional 57,210 shares during the quarter. Natixis Advisors LLC’s holdings in Akamai Technologies were worth $25,574,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in AKAM. V Square Quantitative Management LLC raised its stake in Akamai Technologies by 2.0% during the third quarter. V Square Quantitative Management LLC now owns 5,113 shares of the technology infrastructure company’s stock valued at $516,000 after purchasing an additional 102 shares in the last quarter. Empirical Finance LLC lifted its stake in shares of Akamai Technologies by 2.0% during the 3rd quarter. Empirical Finance LLC now owns 5,327 shares of the technology infrastructure company’s stock worth $538,000 after acquiring an additional 103 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of Akamai Technologies by 6.1% during the third quarter. Van ECK Associates Corp now owns 1,836 shares of the technology infrastructure company’s stock valued at $189,000 after purchasing an additional 105 shares during the period. Farther Finance Advisors LLC boosted its position in Akamai Technologies by 85.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 247 shares of the technology infrastructure company’s stock valued at $25,000 after buying an additional 114 shares during the period. Finally, Benjamin F. Edwards & Company Inc. grew its stake in Akamai Technologies by 2.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 5,253 shares of the technology infrastructure company’s stock worth $473,000 after purchasing an additional 118 shares in the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AKAM has been the topic of a number of research reports. TD Cowen raised their target price on shares of Akamai Technologies from $129.00 to $131.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Scotiabank dropped their target price on shares of Akamai Technologies from $115.00 to $112.00 and set a “sector outperform” rating on the stock in a research report on Friday, November 8th. HSBC raised Akamai Technologies from a “hold” rating to a “buy” rating and set a $121.00 price objective on the stock in a report on Monday, November 11th. Robert W. Baird reduced their target price on shares of Akamai Technologies from $120.00 to $115.00 and set an “outperform” rating for the company in a report on Monday, November 11th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $100.00 price target on shares of Akamai Technologies in a research report on Thursday, August 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $117.47.

Insider Activity at Akamai Technologies

In related news, Director William Raymond Wagner sold 1,000 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $100.73, for a total value of $100,730.00. Following the completion of the sale, the director now owns 16,719 shares of the company’s stock, valued at approximately $1,684,104.87. This represents a 5.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Paul C. Joseph sold 4,000 shares of Akamai Technologies stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $97.30, for a total transaction of $389,200.00. Following the transaction, the executive vice president now directly owns 30,703 shares in the company, valued at $2,987,401.90. This trade represents a 11.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,500 shares of company stock valued at $1,065,975. Corporate insiders own 1.80% of the company’s stock.

Akamai Technologies Trading Down 1.7 %

Shares of AKAM stock opened at $85.96 on Tuesday. The stock’s fifty day moving average is $99.65 and its two-hundred day moving average is $96.63. The firm has a market capitalization of $12.91 billion, a P/E ratio of 25.43, a PEG ratio of 3.33 and a beta of 0.68. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.32 and a current ratio of 1.33. Akamai Technologies, Inc. has a fifty-two week low of $85.59 and a fifty-two week high of $129.17.

Akamai Technologies Profile

Akamai Technologies, Inc provides cloud computing, security, and content delivery services 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.