Akamai Technologies, Inc. (NASDAQ:AKAM) Shares Sold by Diversified Trust Co

Diversified Trust Co trimmed its position in Akamai Technologies, Inc. (NASDAQ:AKAM) by 14.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,670 shares of the technology infrastructure company’s stock after selling 1,267 shares during the quarter. Diversified Trust Co’s holdings in Akamai Technologies were worth $734,000 at the end of the most recent reporting period.

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

Insiders Place Their Bets

In other news, EVP Paul C. Joseph sold 4,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $88.63, for a total value of $354,520.00. Following the completion of the transaction, the executive vice president now owns 26,703 shares in the company, valued at $2,366,686.89. This trade represents a 13.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Edward J. Mcgowan sold 10,782 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $98.71, for a total value of $1,064,291.22. Following the sale, the chief financial officer now owns 12,716 shares in the company, valued at $1,255,196.36. The trade was a 45.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,282 shares of company stock valued at $1,733,716 in the last quarter. 1.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

AKAM has been the subject of several research analyst reports. Oppenheimer upgraded shares of Akamai Technologies from a “market perform” rating to an “outperform” rating and set a $120.00 target price for the company in a report on Monday, December 2nd. Scotiabank lowered their target price on Akamai Technologies from $115.00 to $112.00 and set a “sector outperform” rating on the stock in a research note on Friday, November 8th. Hsbc Global Res raised Akamai Technologies from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 11th. UBS Group began coverage on Akamai Technologies in a research report on Monday, December 16th. They set a “neutral” rating and a $110.00 price objective on the stock. Finally, Evercore ISI reissued an “outperform” rating and issued a $110.00 price target on shares of Akamai Technologies in a research report on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Akamai Technologies has an average rating of “Moderate Buy” and an average target price of $116.85.

Akamai Technologies Stock Performance

Shares of Akamai Technologies stock opened at $93.36 on Friday. 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 firm has a market cap of $14.03 billion, a price-to-earnings ratio of 27.62, a price-to-earnings-growth ratio of 3.83 and a beta of 0.64. Akamai Technologies, Inc. has a one year low of $84.70 and a one year high of $129.17. The stock’s 50-day moving average is $95.20 and its 200-day moving average is $97.23.

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.