Mount Yale Investment Advisors LLC Sells 4,543 Shares of Akamai Technologies, Inc. (NASDAQ:AKAM)

Mount Yale Investment Advisors LLC decreased its position in Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 37.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,661 shares of the technology infrastructure company's stock after selling 4,543 shares during the period. Mount Yale Investment Advisors LLC's holdings in Akamai Technologies were worth $733,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of AKAM. Farther Finance Advisors LLC increased its holdings in Akamai Technologies by 85.7% during the third quarter. Farther Finance Advisors LLC now owns 247 shares of the technology infrastructure company's stock worth $25,000 after buying an additional 114 shares during the last quarter. Bruce G. Allen Investments LLC grew its position in shares of Akamai Technologies by 38.8% during the 4th quarter. Bruce G. Allen Investments LLC now owns 554 shares of the technology infrastructure company's stock valued at $53,000 after acquiring an additional 155 shares during the period. Eastern Bank purchased a new stake in shares of Akamai Technologies during the 3rd quarter worth approximately $71,000. Covestor Ltd raised its holdings in shares of Akamai Technologies by 67.7% in the 3rd quarter. Covestor Ltd now owns 887 shares of the technology infrastructure company's stock worth $90,000 after purchasing an additional 358 shares during the period. Finally, Catalyst Capital Advisors LLC purchased a new position in Akamai Technologies in the third quarter valued at approximately $102,000. Institutional investors own 94.28% of the company's stock.

Insider Activity at Akamai Technologies

In related news, Director William Raymond Wagner sold 1,000 shares of Akamai Technologies stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $93.38, for a total value of $93,380.00. Following the transaction, the director now owns 15,719 shares in the company, valued at $1,467,840.22. This trade represents a 5.98 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Edward J. Mcgowan sold 10,782 shares of the company'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 sale, the chief financial officer now 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 disclosure for this sale can be found here. Insiders have sold a total of 22,282 shares of company stock valued at $2,099,996 over the last 90 days. 1.80% of the stock is owned by insiders.

Akamai Technologies Price Performance

Shares of NASDAQ:AKAM traded down $1.58 during trading on Friday, reaching $99.90. The company had a trading volume of 1,526,417 shares, compared to its average volume of 1,544,877. The company has a fifty day moving average of $95.73 and a two-hundred day moving average of $97.62. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $15.01 billion, a P/E ratio of 29.56, a price-to-earnings-growth ratio of 3.59 and a beta of 0.64. Akamai Technologies, Inc. has a 12 month low of $84.70 and a 12 month high of $129.17.

Wall Street Analyst Weigh In

A number of analysts have issued reports on AKAM shares. Robert W. Baird decreased their target price on Akamai Technologies from $120.00 to $115.00 and set an "outperform" rating for the company in a research report on Monday, November 11th. Hsbc Global Res upgraded Akamai Technologies from a "hold" rating to a "strong-buy" rating in a research note on Monday, November 11th. Evercore ISI reaffirmed an "outperform" rating and set a $110.00 price objective on shares of Akamai Technologies in a report on Tuesday, December 17th. Oppenheimer upgraded shares of 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. Finally, HSBC upgraded shares of 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. 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 assigned a strong buy rating to the company. According to MarketBeat, Akamai Technologies presently has an average rating of "Moderate Buy" and an average target price of $116.10.

Akamai Technologies 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.