Banque Cantonale Vaudoise Has $4.48 Million Holdings in Akamai Technologies, Inc. (NASDAQ:AKAM)

Banque Cantonale Vaudoise boosted its holdings in Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 86.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,390 shares of the technology infrastructure company's stock after acquiring an additional 20,633 shares during the period. Banque Cantonale Vaudoise's holdings in Akamai Technologies were worth $4,481,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC increased its stake in shares of Akamai Technologies by 85.7% in the third quarter. Farther Finance Advisors LLC now owns 247 shares of the technology infrastructure company's stock valued at $25,000 after purchasing an additional 114 shares during the period. Versant Capital Management Inc lifted its holdings in shares of Akamai Technologies by 170.8% in the second quarter. Versant Capital Management Inc now owns 306 shares of the technology infrastructure company's stock valued at $28,000 after buying an additional 193 shares during the period. Innealta Capital LLC bought a new position in Akamai Technologies during the second quarter valued at about $28,000. EntryPoint Capital LLC acquired a new position in Akamai Technologies during the first quarter worth about $31,000. Finally, Family Firm Inc. acquired a new stake in Akamai Technologies in the 2nd quarter valued at about $35,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Paul C. Joseph sold 4,000 shares of the business's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $88.63, for a total transaction of $354,520.00. Following the completion of the transaction, the executive vice president now owns 26,703 shares of the company's stock, valued at approximately $2,366,686.89. The trade was a 13.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William Raymond Wagner sold 1,000 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $100.73, for a total value of $100,730.00. Following the sale, the director now owns 16,719 shares of the company's stock, valued at approximately $1,684,104.87. The trade was a 5.64 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,500 shares of company stock worth $1,065,975. Corporate insiders own 2.00% of the company's stock.

Akamai Technologies Stock Up 0.7 %

NASDAQ AKAM traded up $0.60 during trading on Wednesday, reaching $87.96. The company's stock had a trading volume of 1,517,044 shares, compared to its average volume of 1,670,278. The business has a 50-day moving average price of $99.33 and a 200-day moving average price of $96.48. Akamai Technologies, Inc. has a 1-year low of $84.70 and a 1-year high of $129.17. The stock has a market capitalization of $13.21 billion, a PE ratio of 26.02, a PEG ratio of 3.33 and a beta of 0.68. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.50.

Wall Street Analyst Weigh In

A number of analysts recently commented on AKAM shares. Tigress Financial reiterated a "strong-buy" rating and issued a $140.00 target price on shares of Akamai Technologies in a report on Thursday, August 29th. Guggenheim raised Akamai Technologies from a "neutral" rating to a "buy" rating and set a $128.00 target price for the company in a report on Monday, July 29th. Hsbc Global Res raised Akamai Technologies from a "hold" rating to a "strong-buy" rating in a research note on Monday, November 11th. Robert W. Baird decreased their target price on shares of Akamai Technologies from $120.00 to $115.00 and set an "outperform" rating for the company in a report on Monday, November 11th. Finally, HSBC raised shares of Akamai Technologies from a "hold" rating to a "buy" rating and set a $121.00 target price on the stock in a research report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $117.47.

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.