B. Metzler seel. Sohn & Co. AG Sells 4,427 Shares of Akamai Technologies, Inc. (NASDAQ:AKAM)

B. Metzler seel. Sohn & Co. AG cut its holdings in Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 34.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,479 shares of the technology infrastructure company's stock after selling 4,427 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Akamai Technologies were worth $811,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Allianz SE bought a new stake in Akamai Technologies during the fourth quarter valued at about $143,000. Allstate Corp bought a new position in shares of Akamai Technologies during the 4th quarter valued at approximately $423,000. DnB Asset Management AS grew its stake in shares of Akamai Technologies by 13.0% during the 4th quarter. DnB Asset Management AS now owns 29,418 shares of the technology infrastructure company's stock valued at $2,814,000 after acquiring an additional 3,382 shares during the period. Orion Portfolio Solutions LLC raised its stake in Akamai Technologies by 0.6% during the 4th quarter. Orion Portfolio Solutions LLC now owns 19,991 shares of the technology infrastructure company's stock worth $1,912,000 after acquiring an additional 114 shares during the period. Finally, Pictet Asset Management Holding SA lifted its holdings in Akamai Technologies by 11.8% during the fourth quarter. Pictet Asset Management Holding SA now owns 92,873 shares of the technology infrastructure company's stock valued at $8,883,000 after purchasing an additional 9,798 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company's stock.

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Insider Buying and Selling at Akamai Technologies

In other Akamai Technologies news, EVP Mani Sundaram sold 10,683 shares of the business's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $86.52, for a total transaction of $924,293.16. Following the completion of the transaction, the executive vice president now owns 23,988 shares in the company, valued at $2,075,441.76. The trade was a 30.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Paul C. Joseph sold 4,000 shares of the company's stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $91.57, for a total value of $366,280.00. Following the transaction, the executive vice president now directly owns 23,104 shares in the company, valued at approximately $2,115,633.28. This represents a 14.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,394 shares of company stock worth $3,019,323 over the last quarter. Insiders own 1.80% of the company's stock.

Akamai Technologies Trading Up 1.7 %

NASDAQ AKAM traded up $1.18 during trading hours on Tuesday, hitting $72.11. 797,784 shares of the company were exchanged, compared to its average volume of 2,569,997. Akamai Technologies, Inc. has a 52 week low of $69.50 and a 52 week high of $107.60. The company has a quick ratio of 1.33, a current ratio of 1.23 and a debt-to-equity ratio of 0.49. The stock has a 50-day moving average price of $87.53 and a 200 day moving average price of $93.81. The stock has a market cap of $10.84 billion, a PE ratio of 22.12, a price-to-earnings-growth ratio of 2.74 and a beta of 0.80.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last released its earnings results on Thursday, February 20th. The technology infrastructure company reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($0.33). Akamai Technologies had a net margin of 12.65% and a return on equity of 14.35%. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. Analysts forecast that Akamai Technologies, Inc. will post 4.6 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Citigroup reduced their price objective on shares of Akamai Technologies from $102.00 to $95.00 and set a "neutral" rating for the company in a research note on Monday, February 24th. Susquehanna cut their price target on Akamai Technologies from $110.00 to $105.00 and set a "positive" rating for the company in a research note on Friday, February 21st. UBS Group assumed coverage on Akamai Technologies in a research report on Monday, December 16th. They issued a "neutral" rating and a $110.00 price objective on the stock. Craig Hallum cut Akamai Technologies from a "buy" rating to a "hold" rating and set a $90.00 target price for the company. in a research report on Friday, February 21st. Finally, Piper Sandler lowered their price target on Akamai Technologies from $100.00 to $80.00 and set a "neutral" rating on the stock in a report on Tuesday. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $105.55.

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.