Boston Trust Walden Corp Acquires 12,213 Shares of Akamai Technologies, Inc. (NASDAQ:AKAM)

Boston Trust Walden Corp grew its position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 3.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 328,159 shares of the technology infrastructure company's stock after purchasing an additional 12,213 shares during the quarter. Boston Trust Walden Corp owned about 0.22% of Akamai Technologies worth $31,388,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of AKAM. Geode Capital Management LLC boosted its position in Akamai Technologies by 5.1% during the third quarter. Geode Capital Management LLC now owns 4,197,009 shares of the technology infrastructure company's stock valued at $423,066,000 after acquiring an additional 202,746 shares during the last quarter. Nordea Investment Management AB lifted its stake in shares of Akamai Technologies by 6.9% in the 4th quarter. Nordea Investment Management AB now owns 2,140,257 shares of the technology infrastructure company's stock valued at $205,743,000 after purchasing an additional 138,380 shares during the period. Disciplined Growth Investors Inc. MN boosted its position in shares of Akamai Technologies by 6.3% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,499,760 shares of the technology infrastructure company's stock valued at $151,401,000 after purchasing an additional 88,732 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Akamai Technologies by 1.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 892,356 shares of the technology infrastructure company's stock worth $90,083,000 after purchasing an additional 11,272 shares during the period. Finally, Retirement Systems of Alabama increased its holdings in Akamai Technologies by 20.0% in the third quarter. Retirement Systems of Alabama now owns 837,155 shares of the technology infrastructure company's stock worth $84,511,000 after purchasing an additional 139,760 shares in the last quarter. 94.28% of the stock is owned by institutional investors.

Akamai Technologies Stock Up 0.0 %

AKAM stock traded up $0.03 during trading on Friday, reaching $99.64. The stock had a trading volume of 1,484,455 shares, compared to its average volume of 1,667,958. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $14.97 billion, a price-to-earnings ratio of 29.48, a P/E/G ratio of 3.57 and a beta of 0.65. Akamai Technologies, Inc. has a one year low of $84.70 and a one year high of $129.17. The company's 50 day moving average is $96.30 and its two-hundred day moving average is $97.73.

Insider Activity at Akamai Technologies

In related news, CFO Edward J. Mcgowan sold 10,782 shares of the firm's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $98.71, for a total transaction of $1,064,291.22. Following the completion of the sale, the chief financial officer now owns 12,716 shares in the company, valued at approximately $1,255,196.36. This trade represents a 45.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Paul C. Joseph sold 4,000 shares of the business's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $91.57, for a total transaction of $366,280.00. Following the completion of the transaction, the executive vice president now owns 23,104 shares in the company, valued at approximately $2,115,633.28. The trade was a 14.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,282 shares of company stock valued at $2,099,996. 2.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

AKAM has been the topic of a number of research analyst reports. Robert W. Baird cut their price target on Akamai Technologies from $120.00 to $115.00 and set an "outperform" rating on the stock in a report on Monday, November 11th. Evercore ISI reiterated an "outperform" rating and set a $110.00 price objective on shares of Akamai Technologies in a report on Tuesday, December 17th. Scotiabank reduced their target price on Akamai Technologies from $115.00 to $112.00 and set a "sector outperform" rating for the company in a research note on Friday, November 8th. HSBC raised Akamai Technologies from a "hold" rating to a "buy" rating and set a $121.00 price target on the stock in a research note on Monday, November 11th. Finally, UBS Group began coverage on Akamai Technologies in a research note on Monday, December 16th. They issued a "neutral" rating and a $110.00 price objective for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.