Boston Common Asset Management LLC Lowers Stock Holdings in Akamai Technologies, Inc. (NASDAQ:AKAM)

Boston Common Asset Management LLC lessened its holdings in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 34.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 111,498 shares of the technology infrastructure company’s stock after selling 59,026 shares during the quarter. Boston Common Asset Management LLC owned approximately 0.07% of Akamai Technologies worth $10,665,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in AKAM. Private Advisor Group LLC boosted its stake in Akamai Technologies by 3.7% in the 2nd quarter. Private Advisor Group LLC now owns 6,000 shares of the technology infrastructure company’s stock worth $540,000 after buying an additional 216 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Akamai Technologies by 2.6% in the second quarter. Envestnet Asset Management Inc. now owns 558,291 shares of the technology infrastructure company’s stock worth $50,291,000 after acquiring an additional 14,353 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Akamai Technologies by 25.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,732,750 shares of the technology infrastructure company’s stock valued at $156,088,000 after purchasing an additional 347,626 shares during the period. Meiji Yasuda Asset Management Co Ltd. increased its position in Akamai Technologies by 10.3% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,628 shares of the technology infrastructure company’s stock worth $417,000 after purchasing an additional 433 shares during the last quarter. Finally, Elo Mutual Pension Insurance Co raised its stake in Akamai Technologies by 0.9% during the second quarter. Elo Mutual Pension Insurance Co now owns 13,904 shares of the technology infrastructure company’s stock worth $1,252,000 after purchasing an additional 122 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.

Insider Transactions at Akamai Technologies

In related news, Director William Raymond Wagner sold 1,000 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $93.38, for a total transaction of $93,380.00. Following the transaction, the director now directly owns 15,719 shares in the company, valued at $1,467,840.22. This trade represents a 5.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Paul C. Joseph sold 4,000 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $91.57, for a total transaction of $366,280.00. Following the sale, the executive vice president now owns 23,104 shares of the company’s stock, valued at approximately $2,115,633.28. The trade was a 14.76 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,282 shares of company stock valued at $2,099,996. Insiders own 2.00% of the company’s stock.

Akamai Technologies Stock Up 0.9 %

Shares of NASDAQ:AKAM traded up $0.84 during midday trading on Friday, reaching $91.34. The company had a trading volume of 171,547 shares, compared to its average volume of 1,406,602. The stock has a market capitalization of $13.72 billion, a P/E ratio of 27.12, a PEG ratio of 3.17 and a beta of 0.64. The stock’s fifty day moving average price is $93.99 and its 200-day moving average price is $97.26. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.33 and a quick ratio of 1.33. Akamai Technologies, Inc. has a one year low of $84.70 and a one year high of $129.17.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Evercore ISI reissued an “outperform” rating and set a $110.00 price objective on shares of Akamai Technologies in a research note on Tuesday, December 17th. HSBC raised Akamai Technologies from a “hold” rating to a “buy” rating and set a $121.00 price target for the company in a research report on Monday, November 11th. Robert W. Baird cut their price objective on Akamai Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a report on Monday, November 11th. Scotiabank reduced their price objective on Akamai Technologies from $115.00 to $112.00 and set a “sector outperform” rating on the stock in a research note on Friday, November 8th. Finally, UBS Group assumed coverage on shares of Akamai Technologies in a research report on Monday, December 16th. They set a “neutral” rating and a $110.00 target price for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $116.85.

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.