D.A. Davidson & CO. Boosts Stock Holdings in Akamai Technologies, Inc. (NASDAQ:AKAM)

D.A. Davidson & CO. raised its holdings in Akamai Technologies, Inc. (NASDAQ:AKAM) by 1.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,860 shares of the technology infrastructure company’s stock after purchasing an additional 115 shares during the quarter. D.A. Davidson & CO.’s holdings in Akamai Technologies were worth $894,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its stake in shares of Akamai Technologies by 85.7% in the third quarter. Farther Finance Advisors LLC now owns 247 shares of the technology infrastructure company’s stock valued at $25,000 after buying an additional 114 shares in the last quarter. Versant Capital Management Inc lifted its holdings in Akamai Technologies by 170.8% in the second quarter. Versant Capital Management Inc now owns 306 shares of the technology infrastructure company’s stock valued at $28,000 after acquiring an additional 193 shares during the period. Innealta Capital LLC purchased a new stake in shares of Akamai Technologies during the 2nd quarter worth $28,000. Family Firm Inc. acquired a new position in shares of Akamai Technologies during the 2nd quarter worth $35,000. Finally, Eastern Bank purchased a new position in shares of Akamai Technologies in the 3rd quarter valued at about $71,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Analyst Ratings Changes

AKAM has been the topic of several recent analyst reports. Tigress Financial restated a “strong-buy” rating and set a $140.00 target price on shares of Akamai Technologies in a research report on Thursday, August 29th. DA Davidson restated a “buy” rating and issued a $115.00 price target on shares of Akamai Technologies in a report on Friday, August 9th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $100.00 price objective on shares of Akamai Technologies in a research note on Thursday, August 15th. Needham & Company LLC reiterated a “hold” rating on shares of Akamai Technologies in a research report on Friday, August 9th. Finally, Craig Hallum upgraded Akamai Technologies from a “hold” rating to a “buy” rating and raised their price target for the company from $110.00 to $125.00 in a research report on Friday, August 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $117.47.

Akamai Technologies Stock Up 0.2 %

Shares of NASDAQ AKAM opened at $94.02 on Monday. The firm’s 50 day moving average price is $98.61 and its 200 day moving average price is $96.25. 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 firm has a market cap of $14.12 billion, a P/E ratio of 27.82, a price-to-earnings-growth ratio of 3.58 and a beta of 0.68. Akamai Technologies, Inc. has a 1 year low of $84.70 and a 1 year high of $129.17.

Insider Transactions at Akamai Technologies

In other news, EVP Paul C. Joseph sold 4,000 shares of the 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 transaction, the executive vice president now directly owns 30,703 shares in the company, valued at $2,987,401.90. This represents a 11.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Robert Blumofe sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $88.61, for a total transaction of $221,525.00. Following the completion of the sale, the chief technology officer now directly owns 19,510 shares in the company, valued at $1,728,781.10. This represents a 11.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,500 shares of company stock worth $1,058,625 over the last quarter. 1.80% of the stock is currently owned by insiders.

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.