Czech National Bank Purchases 1,706 Shares of Akamai Technologies, Inc. (NASDAQ:AKAM)

Czech National Bank raised its position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 5.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 32,573 shares of the technology infrastructure company’s stock after buying an additional 1,706 shares during the quarter. Czech National Bank’s holdings in Akamai Technologies were worth $3,116,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Geode Capital Management LLC grew its stake in Akamai Technologies by 5.1% during the 3rd quarter. Geode Capital Management LLC now owns 4,197,009 shares of the technology infrastructure company’s stock worth $423,066,000 after buying an additional 202,746 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of Akamai Technologies by 6.9% during the fourth quarter. Nordea Investment Management AB now owns 2,140,257 shares of the technology infrastructure company’s stock worth $205,743,000 after acquiring an additional 138,380 shares during the last quarter. Earnest Partners LLC grew its stake in shares of Akamai Technologies by 1.3% during the second quarter. Earnest Partners LLC now owns 2,131,061 shares of the technology infrastructure company’s stock worth $191,966,000 after acquiring an additional 28,135 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Akamai Technologies by 25.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,732,750 shares of the technology infrastructure company’s stock valued at $156,088,000 after acquiring an additional 347,626 shares in the last quarter. Finally, Disciplined Growth Investors Inc. MN raised its position in shares of Akamai Technologies by 6.3% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,499,760 shares of the technology infrastructure company’s stock valued at $151,401,000 after purchasing an additional 88,732 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors.

Akamai Technologies Stock Down 0.0 %

AKAM opened at $90.50 on Friday. The company has a fifty day moving average of $94.26 and a two-hundred day moving average of $97.31. The stock has a market capitalization of $13.60 billion, a price-to-earnings ratio of 26.78, a PEG ratio of 3.17 and a beta of 0.64. Akamai Technologies, Inc. has a fifty-two week low of $84.70 and a fifty-two week high of $129.17. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.33 and a current ratio of 1.33.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. UBS Group initiated coverage on shares of Akamai Technologies in a research report on Monday, December 16th. They set a “neutral” rating and a $110.00 target price on the stock. Robert W. Baird dropped 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. Evercore ISI restated an “outperform” rating and issued a $110.00 target price on shares of Akamai Technologies in a research note on Tuesday, December 17th. HSBC upgraded Akamai Technologies from a “hold” rating to a “buy” rating and set a $121.00 price target on the stock in a research note on Monday, November 11th. Finally, Hsbc Global Res upgraded Akamai Technologies from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 11th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $116.85.

Insider Activity

In other news, CFO Edward J. Mcgowan sold 10,782 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $98.71, for a total transaction of $1,064,291.22. Following the completion of the transaction, the chief financial officer now directly owns 12,716 shares of the company’s stock, valued at $1,255,196.36. This represents a 45.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Paul C. Joseph sold 4,000 shares of the 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 transaction, the executive vice president now owns 23,104 shares in the company, valued at $2,115,633.28. This trade represents a 14.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,282 shares of company stock worth $2,099,996 in the last ninety days. Company insiders own 2.00% 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.