New Age Alpha Advisors LLC increased its holdings in shares of Akamai Technologies, Inc. (NASDAQ:AKAM – Free Report) by 42.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 22,192 shares of the technology infrastructure company’s stock after acquiring an additional 6,629 shares during the period. New Age Alpha Advisors LLC’s holdings in Akamai Technologies were worth $1,936,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of the business. Hantz Financial Services Inc. grew its position in shares of Akamai Technologies by 69.6% during the 4th quarter. Hantz Financial Services Inc. now owns 1,408 shares of the technology infrastructure company’s stock valued at $123,000 after acquiring an additional 578 shares during the period. Todd Asset Management LLC grew its position in shares of Akamai Technologies by 63.8% during the 4th quarter. Todd Asset Management LLC now owns 429,949 shares of the technology infrastructure company’s stock valued at $37,513,000 after acquiring an additional 167,500 shares during the period. Systematic Financial Management LP grew its position in shares of Akamai Technologies by 626.0% during the 4th quarter. Systematic Financial Management LP now owns 35,645 shares of the technology infrastructure company’s stock valued at $3,110,000 after acquiring an additional 30,735 shares during the period. Catalyst Funds Management Pty Ltd grew its position in shares of Akamai Technologies by 525.7% during the 4th quarter. Catalyst Funds Management Pty Ltd now owns 21,900 shares of the technology infrastructure company’s stock valued at $1,911,000 after acquiring an additional 18,400 shares during the period. Finally, Coldstream Capital Management Inc. lifted its stake in Akamai Technologies by 39.2% in the 4th quarter. Coldstream Capital Management Inc. now owns 3,703 shares of the technology infrastructure company’s stock valued at $323,000 after buying an additional 1,043 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.
Akamai Technologies Trading Up 0.7%
AKAM stock opened at $148.21 on Wednesday. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.84. Akamai Technologies, Inc. has a 12-month low of $69.78 and a 12-month high of $165.45. The stock has a market cap of $21.55 billion, a price-to-earnings ratio of 49.90, a PEG ratio of 4.60 and a beta of 0.45. The business’s 50-day moving average is $117.72 and its 200 day moving average is $101.71.
Insider Buying and Selling at Akamai Technologies
In other Akamai Technologies news, Director Jon Miller sold 11,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $102.67, for a total value of $1,129,370.00. Following the transaction, the director directly owned 22,806 shares of the company’s stock, valued at $2,341,492.02. This trade represents a 32.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Mani Sundaram sold 8,642 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $101.25, for a total transaction of $875,002.50. Following the completion of the transaction, the executive vice president directly owned 19,923 shares in the company, valued at $2,017,203.75. This trade represents a 30.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 42,681 shares of company stock valued at $4,382,493. Company insiders own 2.30% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on the company. Scotiabank lifted their price objective on Akamai Technologies from $120.00 to $180.00 and gave the stock a “sector outperform” rating in a report on Friday, May 8th. Robert W. Baird reiterated a “neutral” rating and issued a $110.00 price objective on shares of Akamai Technologies in a report on Thursday, April 2nd. DA Davidson lifted their price objective on Akamai Technologies from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Akamai Technologies in a report on Friday, March 27th. Finally, TD Cowen lowered their price objective on Akamai Technologies from $104.00 to $100.00 and set a “hold” rating on the stock in a report on Friday, February 20th. Twelve equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $145.29.
View Our Latest Stock Report on Akamai Technologies
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.
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