Dynamic Technology Lab Private Ltd raised its position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM – Free Report) by 124.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,365 shares of the technology infrastructure company’s stock after purchasing an additional 11,273 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Akamai Technologies were worth $1,777,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in AKAM. Smartleaf Asset Management LLC raised its stake in Akamai Technologies by 566.7% during the 3rd quarter. Smartleaf Asset Management LLC now owns 340 shares of the technology infrastructure company’s stock valued at $26,000 after purchasing an additional 289 shares during the period. JFS Wealth Advisors LLC increased its stake in shares of Akamai Technologies by 626.2% in the fourth quarter. JFS Wealth Advisors LLC now owns 305 shares of the technology infrastructure company’s stock worth $27,000 after acquiring an additional 263 shares during the last quarter. Root Financial Partners LLC increased its stake in shares of Akamai Technologies by 45.8% in the fourth quarter. Root Financial Partners LLC now owns 350 shares of the technology infrastructure company’s stock worth $31,000 after acquiring an additional 110 shares during the last quarter. Sarver Vrooman Wealth Advisors acquired a new position in shares of Akamai Technologies in the fourth quarter worth $31,000. Finally, CYBER HORNET ETFs LLC acquired a new position in shares of Akamai Technologies in the second quarter worth $32,000. 94.28% of the stock is owned by institutional investors and hedge funds.
Akamai Technologies Trading Up 0.8%
Akamai Technologies stock opened at $133.50 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.06 and a quick ratio of 2.06. The company has a market capitalization of $19.41 billion, a price-to-earnings ratio of 44.95, a PEG ratio of 4.18 and a beta of 0.60. Akamai Technologies, Inc. has a one year low of $69.78 and a one year high of $165.45. The company’s fifty day moving average price is $126.43 and its two-hundred day moving average price is $107.00.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on AKAM shares. Guggenheim upped their price target on shares of Akamai Technologies from $133.00 to $181.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. The Goldman Sachs Group upped their price target on shares of Akamai Technologies from $76.00 to $87.00 and gave the stock a “sell” rating in a research note on Friday, May 8th. KeyCorp upped their price target on shares of Akamai Technologies from $115.00 to $120.00 and gave the stock an “overweight” rating in a research note on Friday, February 20th. Raymond James Financial upped their price target on shares of Akamai Technologies from $140.00 to $170.00 in a research note on Monday, May 11th. Finally, Zacks Research downgraded shares of Akamai Technologies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. Twelve equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Akamai Technologies presently has a consensus rating of “Hold” and an average price target of $145.29.
Check Out Our Latest Stock Analysis on Akamai Technologies
Insider Buying and Selling
In other Akamai Technologies news, EVP Kim Salem-Jackson sold 2,300 shares of the stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $135.57, for a total transaction of $311,811.00. Following the transaction, the executive vice president directly owned 59,210 shares of the company’s stock, valued at $8,027,099.70. This represents a 3.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.30% of the stock is owned by insiders.
Akamai Technologies Company Profile
Akamai Technologies, Inc is a leading provider of content delivery network (CDN) services and cloud security solutions designed to optimize and safeguard digital experiences. Leveraging a globally distributed platform, the company accelerates web and mobile content delivery for enterprises, media companies, e-commerce platforms and government agencies. Its edge computing architecture brings processing power closer to end users, reducing latency and improving application performance across geographies.
The company’s core offerings include content acceleration, web and mobile performance optimization, media delivery, and a suite of cybersecurity solutions that protect against DDoS attacks, application-layer threats and bot-driven fraud.
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