Vanguard Personalized Indexing Management LLC Sells 1,943 Shares of Akamai Technologies, Inc. (NASDAQ:AKAM)

Vanguard Personalized Indexing Management LLC trimmed its holdings in shares of Akamai Technologies, Inc. (NASDAQ:AKAM – Get Rating) by 19.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,865 shares of the technology infrastructure company’s stock after selling 1,943 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Akamai Technologies were worth $663,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. Tredje AP fonden boosted its position in Akamai Technologies by 1.6% during the 4th quarter. Tredje AP fonden now owns 32,134 shares of the technology infrastructure company’s stock worth $2,709,000 after acquiring an additional 499 shares during the last quarter. Commerce Bank boosted its holdings in shares of Akamai Technologies by 1.4% in the 4th quarter. Commerce Bank now owns 13,580 shares of the technology infrastructure company’s stock valued at $1,145,000 after buying an additional 188 shares during the last quarter. CI Investments Inc. boosted its holdings in shares of Akamai Technologies by 10.3% in the 4th quarter. CI Investments Inc. now owns 2,681 shares of the technology infrastructure company’s stock valued at $226,000 after buying an additional 250 shares during the last quarter. FDx Advisors Inc. acquired a new stake in shares of Akamai Technologies in the 4th quarter valued at approximately $226,000. Finally, Moors & Cabot Inc. boosted its holdings in shares of Akamai Technologies by 10.7% in the 4th quarter. Moors & Cabot Inc. now owns 3,176 shares of the technology infrastructure company’s stock valued at $268,000 after buying an additional 308 shares during the last quarter. 90.41% of the stock is owned by institutional investors.

Akamai Technologies Stock Performance

Akamai Technologies stock opened at $89.06 on Friday. Akamai Technologies, Inc. has a 12-month low of $70.65 and a 12-month high of $102.83. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.55. The business’s 50-day moving average price is $80.76 and its two-hundred day moving average price is $83.52. The stock has a market cap of $13.56 billion, a PE ratio of 31.14, a P/E/G ratio of 1.94 and a beta of 0.81.

Akamai Technologies (NASDAQ:AKAM – Get Rating) last released its earnings results on Tuesday, May 9th. The technology infrastructure company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.08. Akamai Technologies had a return on equity of 14.63% and a net margin of 12.50%. The firm had revenue of $916.00 million for the quarter, compared to analysts’ expectations of $912.13 million. During the same quarter in the previous year, the business posted $1.12 earnings per share. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. As a group, analysts expect that Akamai Technologies, Inc. will post 4.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have issued reports on AKAM shares. Royal Bank of Canada downgraded Akamai Technologies from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $100.00 to $85.00 in a report on Wednesday, February 15th. Loop Capital lowered their price objective on Akamai Technologies from $91.00 to $79.00 and set a “hold” rating on the stock in a research report on Wednesday, March 1st. Piper Sandler upgraded Akamai Technologies from a “neutral” rating to an “overweight” rating and set a $93.00 price objective on the stock in a research report on Monday, April 10th. Evercore ISI increased their price objective on Akamai Technologies from $100.00 to $105.00 in a research report on Wednesday, May 10th. Finally, William Blair began coverage on Akamai Technologies in a research report on Wednesday, April 19th. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Akamai Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $101.06.

Insider Activity

In other news, EVP Aaron Ahola sold 3,471 shares of Akamai Technologies stock in a transaction dated Wednesday, March 8th. The stock was sold at an average price of $74.76, for a total transaction of $259,491.96. Following the sale, the executive vice president now directly owns 17,798 shares of the company’s stock, valued at $1,330,578.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO F Thomson Leighton acquired 286 shares of the business’s stock in a transaction that occurred on Monday, May 22nd. The shares were bought at an average cost of $87.52 per share, with a total value of $25,030.72. Following the completion of the purchase, the chief executive officer now directly owns 86,803 shares in the company, valued at $7,596,998.56. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Aaron Ahola sold 3,471 shares of Akamai Technologies stock in a transaction that occurred on Wednesday, March 8th. The stock was sold at an average price of $74.76, for a total value of $259,491.96. Following the completion of the transaction, the executive vice president now directly owns 17,798 shares in the company, valued at $1,330,578.48. The disclosure for this sale can be found here. Over the last three months, insiders have bought 9,549 shares of company stock valued at $751,034 and have sold 28,647 shares valued at $2,159,036. Insiders own 1.80% of the company’s stock.

About Akamai Technologies

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Akamai Technologies, Inc engages in the provision of cloud services for delivering, optimizing, and securing content and business applications over the Internet. Its products include security, web performance, media delivery, and network operator. The company was founded by Frank T. Leighton, Jonathan Seelig, Randall S.