Simmons Bank Purchases 1,200 Shares of Akamai Technologies, Inc. (NASDAQ:AKAM)

Simmons Bank increased its position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 39.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,210 shares of the technology infrastructure company’s stock after acquiring an additional 1,200 shares during the period. Simmons Bank’s holdings in Akamai Technologies were worth $425,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of AKAM. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Akamai Technologies by 2.1% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 400,273 shares of the technology infrastructure company’s stock valued at $40,408,000 after purchasing an additional 8,402 shares in the last quarter. Crossmark Global Holdings Inc. raised its holdings in Akamai Technologies by 23.7% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 11,710 shares of the technology infrastructure company’s stock valued at $1,182,000 after buying an additional 2,241 shares during the last quarter. Covestor Ltd boosted its position in Akamai Technologies by 67.7% during the 3rd quarter. Covestor Ltd now owns 887 shares of the technology infrastructure company’s stock worth $90,000 after buying an additional 358 shares during the period. Tandem Investment Advisors Inc. grew its holdings in Akamai Technologies by 0.8% during the 3rd quarter. Tandem Investment Advisors Inc. now owns 29,956 shares of the technology infrastructure company’s stock worth $3,024,000 after acquiring an additional 228 shares during the last quarter. Finally, JB Capital LLC grew its holdings in Akamai Technologies by 4.4% during the 3rd quarter. JB Capital LLC now owns 25,212 shares of the technology infrastructure company’s stock worth $2,545,000 after acquiring an additional 1,074 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on AKAM shares. HSBC raised shares of Akamai Technologies from a “hold” rating to a “buy” rating and set a $121.00 price target for the company in a research note on Monday. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $100.00 target price on shares of Akamai Technologies in a research report on Thursday, August 15th. Needham & Company LLC reiterated a “hold” rating on shares of Akamai Technologies in a research report on Friday, August 9th. Hsbc Global Res raised Akamai Technologies from a “hold” rating to a “strong-buy” rating in a research note on Monday. Finally, Craig Hallum raised Akamai Technologies from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $110.00 to $125.00 in a research note on Friday, August 9th. One equities research 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’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $117.47.

Insider Transactions at Akamai Technologies

In other Akamai Technologies news, EVP Paul C. Joseph sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $97.30, for a total value of $389,200.00. Following the completion of the sale, the executive vice president now owns 30,703 shares of the company’s stock, valued at approximately $2,987,401.90. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director William Raymond Wagner sold 1,000 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $100.73, for a total transaction of $100,730.00. Following the completion of the sale, the director now directly owns 16,719 shares of the company’s stock, valued at $1,684,104.87. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Paul C. Joseph sold 4,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $97.30, for a total transaction of $389,200.00. Following the completion of the transaction, the executive vice president now directly owns 30,703 shares in the company, valued at approximately $2,987,401.90. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,500 shares of company stock valued at $741,655 in the last 90 days. 1.80% of the stock is currently owned by corporate insiders.

Akamai Technologies Trading Down 1.5 %

NASDAQ:AKAM opened at $88.75 on Thursday. Akamai Technologies, Inc. has a 12 month low of $87.59 and a 12 month high of $129.17. The company has a current ratio of 1.33, a quick ratio of 1.32 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $13.33 billion, a price-to-earnings ratio of 26.26, a PEG ratio of 3.36 and a beta of 0.68. The firm has a fifty day simple moving average of $100.23 and a two-hundred day simple moving average of $96.94.

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.