Akamai Technologies, Inc. (NASDAQ:AKAM) Shares Sold by Huntington National Bank

Huntington National Bank lessened its stake in Akamai Technologies, Inc. (NASDAQ:AKAMFree Report) by 8.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,044 shares of the technology infrastructure company’s stock after selling 100 shares during the quarter. Huntington National Bank’s holdings in Akamai Technologies were worth $111,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ancora Advisors LLC boosted its holdings in Akamai Technologies by 103.3% in the 1st quarter. Ancora Advisors LLC now owns 250 shares of the technology infrastructure company’s stock worth $25,000 after acquiring an additional 127 shares during the period. Mcmillion Capital Management Inc. purchased a new position in Akamai Technologies in the 2nd quarter worth approximately $34,000. Massmutual Trust Co. FSB ADV boosted its holdings in Akamai Technologies by 178.5% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 401 shares of the technology infrastructure company’s stock worth $36,000 after acquiring an additional 257 shares during the period. Close Asset Management Ltd boosted its holdings in Akamai Technologies by 69.4% in the 3rd quarter. Close Asset Management Ltd now owns 488 shares of the technology infrastructure company’s stock worth $52,000 after acquiring an additional 200 shares during the period. Finally, Belpointe Asset Management LLC boosted its stake in shares of Akamai Technologies by 50.1% during the 1st quarter. Belpointe Asset Management LLC now owns 509 shares of the technology infrastructure company’s stock valued at $40,000 after buying an additional 170 shares during the last quarter. Hedge funds and other institutional investors own 91.40% of the company’s stock.

Insiders Place Their Bets

In other Akamai Technologies news, EVP Paul C. Joseph sold 4,000 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $112.50, for a total value of $450,000.00. Following the sale, the executive vice president now directly owns 24,065 shares of the company’s stock, valued at $2,707,312.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CMO Kim Salem-Jackson sold 4,136 shares of the stock in a transaction on Friday, November 24th. The stock was sold at an average price of $113.50, for a total value of $469,436.00. Following the completion of the transaction, the chief marketing officer now owns 29,873 shares of the company’s stock, valued at $3,390,585.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Paul C. Joseph sold 4,000 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $112.50, for a total value of $450,000.00. Following the completion of the transaction, the executive vice president now directly owns 24,065 shares of the company’s stock, valued at approximately $2,707,312.50. The disclosure for this sale can be found here. Insiders have sold 21,136 shares of company stock valued at $2,426,164 over the last three months. Company insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Morgan Stanley increased their target price on Akamai Technologies from $102.00 to $112.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 8th. Guggenheim upgraded Akamai Technologies from a “sell” rating to a “neutral” rating in a research note on Thursday, October 26th. KeyCorp increased their target price on Akamai Technologies from $134.00 to $138.00 and gave the company an “overweight” rating in a research note on Friday, January 19th. Raymond James increased their target price on Akamai Technologies from $115.00 to $122.00 and gave the company an “outperform” rating in a research note on Wednesday, November 8th. Finally, JPMorgan Chase & Co. increased their target price on Akamai Technologies from $74.00 to $78.00 and gave the company an “underweight” rating in a research note on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $114.11.

View Our Latest Analysis on Akamai Technologies

Akamai Technologies Price Performance

Shares of NASDAQ AKAM opened at $128.32 on Monday. Akamai Technologies, Inc. has a 1-year low of $70.65 and a 1-year high of $129.17. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.30 and a quick ratio of 2.30. The business’s fifty day moving average price is $119.56 and its two-hundred day moving average price is $110.42. The firm has a market capitalization of $19.35 billion, a PE ratio of 38.65, a P/E/G ratio of 3.23 and a beta of 0.76.

Akamai Technologies Company Profile

(Free Report)

Akamai Technologies, Inc provides cloud services for securing, delivering, and computing content, applications, and software over the internet 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.

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Institutional Ownership by Quarter for Akamai Technologies (NASDAQ:AKAM)

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