Akamai Technologies, Inc. (NASDAQ:AKAM) Director William Raymond Wagner Sells 1,000 Shares

Akamai Technologies, Inc. (NASDAQ:AKAM) Director William Raymond Wagner sold 1,000 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $93.38, for a total value of $93,380.00. Following the transaction, the director now owns 15,719 shares in the company, valued at approximately $1,467,840.22. This trade represents a 5.98 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Akamai Technologies Trading Up 0.8 %

AKAM opened at $93.86 on Thursday. The company has a market cap of $14.10 billion, a P/E ratio of 27.77, a PEG ratio of 3.60 and a beta of 0.68. 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 company’s 50 day moving average is $98.91 and its 200-day moving average is $96.27. Akamai Technologies, Inc. has a 1-year low of $84.70 and a 1-year high of $129.17.

Institutional Trading of Akamai Technologies

A number of hedge funds have recently added to or reduced their stakes in AKAM. EntryPoint Capital LLC bought a new position in shares of Akamai Technologies in the 1st quarter valued at $31,000. Janus Henderson Group PLC raised its position in Akamai Technologies by 19.6% in the first quarter. Janus Henderson Group PLC now owns 41,034 shares of the technology infrastructure company’s stock valued at $4,462,000 after purchasing an additional 6,724 shares during the last quarter. California State Teachers Retirement System boosted its stake in shares of Akamai Technologies by 1.9% during the first quarter. California State Teachers Retirement System now owns 254,130 shares of the technology infrastructure company’s stock valued at $27,639,000 after purchasing an additional 4,753 shares in the last quarter. Tidal Investments LLC grew its holdings in shares of Akamai Technologies by 180.8% during the first quarter. Tidal Investments LLC now owns 37,566 shares of the technology infrastructure company’s stock worth $4,086,000 after purchasing an additional 24,189 shares during the last quarter. Finally, Garner Asset Management Corp grew its holdings in shares of Akamai Technologies by 13.5% during the first quarter. Garner Asset Management Corp now owns 2,062 shares of the technology infrastructure company’s stock worth $224,000 after purchasing an additional 245 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Analyst Ratings Changes

AKAM has been the topic of several recent research reports. Craig Hallum upgraded Akamai Technologies from a “hold” rating to a “buy” rating and increased their price objective for the stock from $110.00 to $125.00 in a research report on Friday, August 9th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $100.00 price target on shares of Akamai Technologies in a research report on Thursday, August 15th. HSBC raised shares of Akamai Technologies from a “hold” rating to a “buy” rating and set a $121.00 price objective for the company in a report on Monday, November 11th. DA Davidson reaffirmed a “buy” rating and set a $115.00 target price on shares of Akamai Technologies in a report on Friday, August 9th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Akamai Technologies in a research report on Friday, August 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $117.47.

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.