Akamai Technologies, Inc. (NASDAQ:AKAM) Stock Holdings Lifted by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC lifted its holdings in Akamai Technologies, Inc. (NASDAQ:AKAM) by 1.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 21,951 shares of the technology infrastructure company’s stock after purchasing an additional 250 shares during the period. Gateway Investment Advisers LLC’s holdings in Akamai Technologies were worth $2,100,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of AKAM. Banque Cantonale Vaudoise lifted its position in Akamai Technologies by 86.9% in the 3rd quarter. Banque Cantonale Vaudoise now owns 44,390 shares of the technology infrastructure company’s stock valued at $4,481,000 after purchasing an additional 20,633 shares during the last quarter. Principal Financial Group Inc. lifted its position in Akamai Technologies by 3.5% in the 3rd quarter. Principal Financial Group Inc. now owns 200,458 shares of the technology infrastructure company’s stock valued at $20,236,000 after purchasing an additional 6,785 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Akamai Technologies by 1.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 892,356 shares of the technology infrastructure company’s stock valued at $90,083,000 after purchasing an additional 11,272 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its position in Akamai Technologies by 32.6% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 188,388 shares of the technology infrastructure company’s stock valued at $19,018,000 after purchasing an additional 46,335 shares during the last quarter. Finally, Sompo Asset Management Co. Ltd. lifted its position in Akamai Technologies by 148.4% in the 3rd quarter. Sompo Asset Management Co. Ltd. now owns 19,900 shares of the technology infrastructure company’s stock valued at $2,009,000 after purchasing an additional 11,890 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Akamai Technologies

In other Akamai Technologies news, EVP Paul C. Joseph sold 4,000 shares of Akamai Technologies stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $91.57, for a total value of $366,280.00. Following the completion of the sale, the executive vice president now directly owns 23,104 shares in the company, valued at $2,115,633.28. The trade was a 14.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Edward J. Mcgowan sold 10,782 shares of Akamai Technologies stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $98.71, for a total transaction of $1,064,291.22. Following the completion of the sale, the chief financial officer now owns 12,716 shares of the company’s stock, valued at $1,255,196.36. This trade represents a 45.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,282 shares of company stock worth $2,099,996 over the last ninety days. 1.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on AKAM shares. Hsbc Global Res upgraded shares of Akamai Technologies from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 11th. Citigroup dropped their price target on shares of Akamai Technologies from $104.00 to $102.00 and set a “neutral” rating on the stock in a research report on Friday. 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 price target on the stock. Robert W. Baird dropped their price target on shares of Akamai Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a research report on Monday, November 11th. Finally, HSBC upgraded shares of 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. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $116.10.

Akamai Technologies Stock Performance

AKAM stock opened at $91.01 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.33 and a current ratio of 1.33. The stock has a market cap of $13.67 billion, a P/E ratio of 26.93, a P/E/G ratio of 3.17 and a beta of 0.64. The firm has a 50 day simple moving average of $94.02 and a 200 day simple moving average of $97.27. Akamai Technologies, Inc. has a 52 week low of $84.70 and a 52 week high of $129.17.

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.