Paul C. Joseph Sells 4,000 Shares of Akamai Technologies, Inc. (NASDAQ:AKAM) Stock

Akamai Technologies, Inc. (NASDAQ:AKAM) EVP Paul C. Joseph sold 4,000 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $91.57, for a total value of $366,280.00. Following the sale, the executive vice president now directly owns 23,104 shares in the company, valued at $2,115,633.28. The trade was a 14.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Akamai Technologies Stock Down 0.0 %

AKAM stock opened at $90.50 on Friday. Akamai Technologies, Inc. has a 1-year low of $84.70 and a 1-year high of $129.17. The business’s 50 day simple moving average is $94.26 and its 200 day simple moving average is $97.31. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $13.60 billion, a PE ratio of 26.78, a PEG ratio of 3.17 and a beta of 0.64.

Analysts Set New Price Targets

Several equities analysts recently issued reports on AKAM shares. Oppenheimer upgraded Akamai Technologies from a “market perform” rating to an “outperform” rating and set a $120.00 price objective for the company in a research report on Monday, December 2nd. UBS Group initiated coverage on Akamai Technologies in a report on Monday, December 16th. They issued a “neutral” rating and a $110.00 price target on the stock. Robert W. Baird decreased their price objective on Akamai Technologies from $120.00 to $115.00 and set an “outperform” rating for the company in a report on Monday, November 11th. Hsbc Global Res raised shares of Akamai Technologies from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 11th. Finally, Evercore ISI reissued an “outperform” rating and issued a $110.00 price objective on shares of Akamai Technologies in a research report on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Akamai Technologies has a consensus rating of “Moderate Buy” and an average target price of $116.85.

Hedge Funds Weigh In On Akamai Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AKAM. Banque Cantonale Vaudoise boosted its holdings in shares of Akamai Technologies by 86.9% during the 3rd quarter. Banque Cantonale Vaudoise now owns 44,390 shares of the technology infrastructure company’s stock worth $4,481,000 after buying an additional 20,633 shares during the period. Principal Financial Group Inc. lifted its position in Akamai Technologies by 3.5% during the third quarter. Principal Financial Group Inc. now owns 200,458 shares of the technology infrastructure company’s stock worth $20,236,000 after acquiring an additional 6,785 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Akamai Technologies by 1.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 892,356 shares of the technology infrastructure company’s stock worth $90,083,000 after acquiring an additional 11,272 shares during the period. Teachers Retirement System of The State of Kentucky increased its stake in shares of Akamai Technologies by 32.6% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 188,388 shares of the technology infrastructure company’s stock worth $19,018,000 after purchasing an additional 46,335 shares during the period. Finally, Sompo Asset Management Co. Ltd. lifted its holdings in Akamai Technologies by 148.4% during the 3rd quarter. Sompo Asset Management Co. Ltd. now owns 19,900 shares of the technology infrastructure company’s stock worth $2,009,000 after purchasing an additional 11,890 shares during the last quarter. 94.28% of the stock is owned by institutional investors.

Akamai Technologies Company 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.