5,425 Shares in Akamai Technologies, Inc. $AKAM Acquired by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft bought a new stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 5,425 shares of the technology infrastructure company’s stock, valued at approximately $408,000.

A number of other institutional investors also recently added to or reduced their stakes in AKAM. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Akamai Technologies by 295.3% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 336 shares of the technology infrastructure company’s stock valued at $26,000 after purchasing an additional 251 shares in the last quarter. TD Waterhouse Canada Inc. increased its stake in Akamai Technologies by 130.0% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 345 shares of the technology infrastructure company’s stock valued at $26,000 after buying an additional 195 shares during the period. Smartleaf Asset Management LLC raised its position in shares of Akamai Technologies by 566.7% during the 3rd quarter. Smartleaf Asset Management LLC now owns 340 shares of the technology infrastructure company’s stock worth $26,000 after buying an additional 289 shares in the last quarter. Wolff Wiese Magana LLC raised its position in shares of Akamai Technologies by 497.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 400 shares of the technology infrastructure company’s stock worth $30,000 after buying an additional 333 shares in the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new stake in shares of Akamai Technologies in the 3rd quarter worth approximately $30,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on AKAM shares. Scotiabank boosted their target price on Akamai Technologies from $94.00 to $105.00 and gave the stock a “sector outperform” rating in a report on Friday, January 9th. HSBC lifted their price target on Akamai Technologies from $130.00 to $134.00 in a research report on Monday, November 10th. Oppenheimer upped their price objective on Akamai Technologies from $100.00 to $115.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. DA Davidson reaffirmed a “buy” rating and set a $115.00 target price on shares of Akamai Technologies in a report on Thursday, October 16th. Finally, President Capital boosted their price target on shares of Akamai Technologies from $104.00 to $116.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Seven equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $96.94.

Insider Activity

In other Akamai Technologies news, CFO Edward J. Mcgowan sold 6,560 shares of the company’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $88.03, for a total transaction of $577,476.80. Following the completion of the sale, the chief financial officer directly owned 16,442 shares of the company’s stock, valued at approximately $1,447,389.26. This represents a 28.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mani Sundaram sold 10,438 shares of Akamai Technologies stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $89.25, for a total transaction of $931,591.50. Following the completion of the transaction, the executive vice president directly owned 13,550 shares in the company, valued at approximately $1,209,337.50. This trade represents a 43.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 28,818 shares of company stock worth $2,589,254. 2.00% of the stock is owned by company insiders.

Akamai Technologies Stock Performance

Shares of NASDAQ AKAM opened at $104.61 on Friday. The stock’s fifty day simple moving average is $91.01 and its 200 day simple moving average is $82.78. The stock has a market capitalization of $15.05 billion, a price-to-earnings ratio of 30.68, a PEG ratio of 2.92 and a beta of 0.70. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.87. Akamai Technologies, Inc. has a 52-week low of $67.51 and a 52-week high of $106.80.

About Akamai Technologies

Akamai Technologies, Inc is a leading provider of content delivery network (CDN) services and cloud security solutions designed to optimize and safeguard digital experiences. Leveraging a globally distributed platform, the company accelerates web and mobile content delivery for enterprises, media companies, e-commerce platforms and government agencies. Its edge computing architecture brings processing power closer to end users, reducing latency and improving application performance across geographies.

The company’s core offerings include content acceleration, web and mobile performance optimization, media delivery, and a suite of cybersecurity solutions that protect against DDoS attacks, application-layer threats and bot-driven fraud.