Private Advisor Group LLC Has $654,000 Stock Holdings in Akamai Technologies, Inc. (NASDAQ:AKAM)

Private Advisor Group LLC raised its position in Akamai Technologies, Inc. (NASDAQ:AKAM) by 8.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,477 shares of the technology infrastructure company’s stock after purchasing an additional 477 shares during the period. Private Advisor Group LLC’s holdings in Akamai Technologies were worth $654,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. V Square Quantitative Management LLC lifted its stake in Akamai Technologies by 2.0% in the third quarter. V Square Quantitative Management LLC now owns 5,113 shares of the technology infrastructure company’s stock valued at $516,000 after buying an additional 102 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in Akamai Technologies by 2.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 5,253 shares of the technology infrastructure company’s stock worth $473,000 after purchasing an additional 118 shares during the period. Garrison Asset Management LLC increased its holdings in Akamai Technologies by 0.6% during the 2nd quarter. Garrison Asset Management LLC now owns 21,264 shares of the technology infrastructure company’s stock worth $1,915,000 after purchasing an additional 120 shares in the last quarter. X Square Capital LLC raised its stake in shares of Akamai Technologies by 4.9% in the 2nd quarter. X Square Capital LLC now owns 2,630 shares of the technology infrastructure company’s stock valued at $237,000 after purchasing an additional 122 shares during the period. Finally, Elo Mutual Pension Insurance Co lifted its holdings in shares of Akamai Technologies by 0.9% in the second quarter. Elo Mutual Pension Insurance Co now owns 13,904 shares of the technology infrastructure company’s stock valued at $1,252,000 after purchasing an additional 122 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Akamai Technologies Trading Down 0.5 %

Shares of Akamai Technologies stock opened at $100.57 on Monday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.32 and a quick ratio of 1.32. The business has a fifty day simple moving average of $101.00 and a two-hundred day simple moving average of $97.23. Akamai Technologies, Inc. has a 1 year low of $87.59 and a 1 year high of $129.17. The company has a market capitalization of $15.24 billion, a price-to-earnings ratio of 24.89, a P/E/G ratio of 3.24 and a beta of 0.68.

Akamai Technologies (NASDAQ:AKAM) last posted its earnings results on Thursday, August 8th. The technology infrastructure company reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.05. Akamai Technologies had a net margin of 16.01% and a return on equity of 14.78%. The company had revenue of $979.60 million during the quarter, compared to analysts’ expectations of $977.67 million. During the same quarter last year, the company posted $1.01 EPS. Akamai Technologies’s quarterly revenue was up 4.7% compared to the same quarter last year. Research analysts forecast that Akamai Technologies, Inc. will post 4.42 EPS for the current year.

Insider Transactions at Akamai Technologies

In related news, EVP Paul C. Joseph sold 4,000 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $97.30, for a total value of $389,200.00. Following the completion of the sale, the executive vice president now directly owns 30,703 shares in the company, valued at $2,987,401.90. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, EVP Paul C. Joseph sold 4,000 shares of Akamai Technologies stock in a transaction on Friday, September 13th. The stock was sold at an average price of $97.30, for a total transaction of $389,200.00. Following the completion of the sale, the executive vice president now owns 30,703 shares of the company’s stock, valued at approximately $2,987,401.90. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Robert Blumofe sold 2,500 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $100.69, for a total transaction of $251,725.00. Following the completion of the transaction, the chief technology officer now owns 22,010 shares in the company, valued at $2,216,186.90. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,500 shares of company stock worth $741,655. Company insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AKAM. Needham & Company LLC reissued a “hold” rating on shares of Akamai Technologies in a research report on Friday, August 9th. Scotiabank boosted their price objective on shares of Akamai Technologies from $110.00 to $115.00 and gave the stock a “sector outperform” rating in a research report on Friday, August 9th. Hsbc Global Res upgraded shares of Akamai Technologies from a “moderate sell” rating to a “hold” rating in a report on Wednesday, July 24th. Craig Hallum upgraded shares of Akamai Technologies from a “hold” rating to a “buy” rating and lifted their price target for the company from $110.00 to $125.00 in a research note on Friday, August 9th. Finally, Tigress Financial restated a “strong-buy” rating and set a $140.00 price objective on shares of Akamai Technologies in a research note on Thursday, August 29th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Akamai Technologies has a consensus rating of “Moderate Buy” and an average price target of $116.47.

About Akamai Technologies

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.