iA Global Asset Management Inc. Boosts Holdings in Akamai Technologies, Inc. (NASDAQ:AKAM)

iA Global Asset Management Inc. lifted its stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 12.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,145 shares of the technology infrastructure company’s stock after buying an additional 341 shares during the quarter. iA Global Asset Management Inc.’s holdings in Akamai Technologies were worth $317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of AKAM. V Square Quantitative Management LLC grew its stake in Akamai Technologies by 2.0% in the third quarter. V Square Quantitative Management LLC now owns 5,113 shares of the technology infrastructure company’s stock worth $516,000 after purchasing an additional 102 shares during the period. Empirical Finance LLC lifted its position in Akamai Technologies by 2.0% during the 3rd quarter. Empirical Finance LLC now owns 5,327 shares of the technology infrastructure company’s stock valued at $538,000 after acquiring an additional 103 shares during the period. Van ECK Associates Corp boosted its stake in Akamai Technologies by 6.1% during the third quarter. Van ECK Associates Corp now owns 1,836 shares of the technology infrastructure company’s stock worth $189,000 after acquiring an additional 105 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in Akamai Technologies by 85.7% in the third quarter. Farther Finance Advisors LLC now owns 247 shares of the technology infrastructure company’s stock worth $25,000 after purchasing an additional 114 shares during the period. Finally, D.A. Davidson & CO. increased its stake in shares of Akamai Technologies by 1.3% during the third quarter. D.A. Davidson & CO. now owns 8,860 shares of the technology infrastructure company’s stock valued at $894,000 after purchasing an additional 115 shares in the last quarter. 94.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. HSBC raised Akamai Technologies from a “hold” rating to a “buy” rating and set a $121.00 price target on the stock in a research report on Monday, November 11th. Robert W. Baird reduced their price target on Akamai Technologies from $120.00 to $115.00 and set an “outperform” rating for the company in a report on Monday, November 11th. Tigress Financial reiterated a “strong-buy” rating and issued a $140.00 price target on shares of Akamai Technologies in a research note on Thursday, August 29th. Royal Bank of Canada restated a “sector perform” rating and issued a $100.00 price objective on shares of Akamai Technologies in a report on Thursday, August 15th. Finally, Oppenheimer raised Akamai Technologies from a “market perform” rating to an “outperform” rating and set a $120.00 price objective on the stock in a research report on Monday, December 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Akamai Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $117.61.

Insider Activity at Akamai Technologies

In other news, EVP Paul C. Joseph sold 4,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $97.30, for a total value of $389,200.00. Following the transaction, the executive vice president now owns 30,703 shares of the company’s stock, valued at $2,987,401.90. This trade represents a 11.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Robert Blumofe sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $88.61, for a total value of $221,525.00. Following the transaction, the chief technology officer now owns 19,510 shares of the company’s stock, valued at approximately $1,728,781.10. This trade represents a 11.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,500 shares of company stock worth $1,058,625. Corporate insiders own 1.80% of the company’s stock.

Akamai Technologies Trading Down 0.3 %

Shares of Akamai Technologies stock opened at $98.78 on Wednesday. Akamai Technologies, Inc. has a 1-year low of $84.70 and a 1-year high of $129.17. The company’s fifty day simple moving average is $98.26 and its 200-day simple moving average is $96.41. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.33 and a quick ratio of 1.33. The stock has a market capitalization of $14.84 billion, a PE ratio of 29.22, a P/E/G ratio of 3.74 and a beta of 0.65.

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.