Boston Common Asset Management LLC Sells 59,026 Shares of Akamai Technologies, Inc. (NASDAQ:AKAM)

Boston Common Asset Management LLC reduced its holdings in Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 34.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 111,498 shares of the technology infrastructure company's stock after selling 59,026 shares during the quarter. Boston Common Asset Management LLC owned 0.07% of Akamai Technologies worth $10,665,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of AKAM. Private Advisor Group LLC grew its position in Akamai Technologies by 3.7% in the second quarter. Private Advisor Group LLC now owns 6,000 shares of the technology infrastructure company's stock worth $540,000 after acquiring an additional 216 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Akamai Technologies by 2.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 558,291 shares of the technology infrastructure company's stock worth $50,291,000 after purchasing an additional 14,353 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Akamai Technologies by 25.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,732,750 shares of the technology infrastructure company's stock valued at $156,088,000 after purchasing an additional 347,626 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its holdings in shares of Akamai Technologies by 10.3% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,628 shares of the technology infrastructure company's stock valued at $417,000 after buying an additional 433 shares in the last quarter. Finally, Elo Mutual Pension Insurance Co lifted its position in Akamai Technologies by 0.9% in the 2nd quarter. Elo Mutual Pension Insurance Co now owns 13,904 shares of the technology infrastructure company's stock worth $1,252,000 after buying an additional 122 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company's stock.

Akamai Technologies Stock Up 0.6 %

Shares of AKAM stock traded up $0.51 during mid-day trading on Friday, reaching $91.01. 2,346,395 shares of the company's stock traded hands, compared to its average volume of 1,235,796. The company's 50-day moving average price is $94.02 and its 200-day moving average price is $97.27. The company has a market cap of $13.67 billion, a P/E ratio of 26.93, a P/E/G ratio of 3.17 and a beta of 0.64. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.50. Akamai Technologies, Inc. has a 12 month low of $84.70 and a 12 month high of $129.17.

Insider Activity at Akamai Technologies

In other Akamai Technologies news, CFO Edward J. Mcgowan sold 10,782 shares of Akamai Technologies stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $98.71, for a total value of $1,064,291.22. Following the completion of the transaction, the chief financial officer now directly owns 12,716 shares of the company's stock, valued at approximately $1,255,196.36. The trade was a 45.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Paul C. Joseph sold 4,000 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $88.63, for a total transaction of $354,520.00. Following the sale, the executive vice president now owns 26,703 shares in the company, valued at approximately $2,366,686.89. The trade was a 13.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,282 shares of company stock valued at $2,099,996 in the last three months. Company insiders own 2.00% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on AKAM shares. Robert W. Baird reduced their price target on shares of Akamai Technologies from $120.00 to $115.00 and set an "outperform" rating on the stock in a research report on Monday, November 11th. UBS Group started coverage on shares of Akamai Technologies in a report on Monday, December 16th. They set a "neutral" rating and a $110.00 target price on the stock. Citigroup lowered their price target on shares of Akamai Technologies from $104.00 to $102.00 and set a "neutral" rating for the company in a research note on Friday. Scotiabank reduced their price objective on Akamai Technologies from $115.00 to $112.00 and set a "sector outperform" rating on the stock in a research note on Friday, November 8th. Finally, Oppenheimer raised Akamai Technologies from a "market perform" rating to an "outperform" rating and set a $120.00 target price for the company in a research note on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Akamai Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $116.10.

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.