Koshinski Asset Management Inc. Has $752,000 Stock Position in Akamai Technologies, Inc. (NASDAQ:AKAM)

Koshinski Asset Management Inc. boosted its stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 1.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 7,867 shares of the technology infrastructure company’s stock after buying an additional 116 shares during the period. Koshinski Asset Management Inc.’s holdings in Akamai Technologies were worth $752,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of AKAM. Benjamin F. Edwards & Company Inc. raised its holdings in Akamai Technologies by 2.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 5,253 shares of the technology infrastructure company’s stock worth $473,000 after buying an additional 118 shares during the period. ProShare Advisors LLC raised its holdings in Akamai Technologies by 7.5% during the 2nd quarter. ProShare Advisors LLC now owns 34,319 shares of the technology infrastructure company’s stock worth $3,091,000 after buying an additional 2,402 shares during the period. Public Sector Pension Investment Board raised its holdings in Akamai Technologies by 79.9% during the 2nd quarter. Public Sector Pension Investment Board now owns 5,975 shares of the technology infrastructure company’s stock worth $538,000 after buying an additional 2,654 shares during the period. APG Asset Management US Inc. raised its holdings in Akamai Technologies by 44.5% during the 2nd quarter. APG Asset Management US Inc. now owns 165,053 shares of the technology infrastructure company’s stock worth $14,777,000 after buying an additional 50,843 shares during the period. Finally, Empyrean Capital Partners LP acquired a new stake in Akamai Technologies during the 2nd quarter worth approximately $15,314,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Evercore ISI restated an “outperform” rating and set a $110.00 target price on shares of Akamai Technologies in a report on Tuesday, December 17th. UBS Group began coverage on shares of Akamai Technologies in a report on Monday, December 16th. They issued a “neutral” rating and a $110.00 price objective on the stock. Robert W. Baird lowered their price objective on shares of Akamai Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a report on Monday, November 11th. Hsbc Global Res upgraded shares of Akamai Technologies from a “hold” rating to a “strong-buy” rating in a report on Monday, November 11th. Finally, Citigroup lowered their price objective on shares of Akamai Technologies from $104.00 to $102.00 and set a “neutral” rating on the stock in a report on Friday, January 17th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $116.10.

Akamai Technologies Trading Up 0.4 %

AKAM stock opened at $95.11 on Thursday. 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 company’s 50-day simple moving average is $94.24 and its 200 day simple moving average is $97.38. Akamai Technologies, Inc. has a 52 week low of $84.70 and a 52 week high of $129.17. The company has a market capitalization of $14.29 billion, a PE ratio of 28.14, a price-to-earnings-growth ratio of 3.25 and a beta of 0.64.

Insider Activity at Akamai Technologies

In related news, EVP Paul C. Joseph sold 4,000 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $91.57, for a total value of $366,280.00. Following the transaction, the executive vice president now directly owns 23,104 shares in the company, valued at approximately $2,115,633.28. This represents a 14.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Robert Blumofe sold 2,500 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $88.61, for a total transaction of $221,525.00. Following the completion of the transaction, the chief technology officer now owns 19,510 shares in the company, valued at $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 22,282 shares of company stock worth $2,099,996. Corporate insiders own 1.80% of the company’s stock.

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.