National Bank of Canada FI Has $7.82 Million Stock Holdings in Akamai Technologies, Inc. (NASDAQ:AKAM)

National Bank of Canada FI increased its stake in Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 83.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 77,443 shares of the technology infrastructure company's stock after purchasing an additional 35,142 shares during the period. National Bank of Canada FI owned approximately 0.05% of Akamai Technologies worth $7,818,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Earnest Partners LLC raised its holdings in shares of Akamai Technologies by 1.3% in the second quarter. Earnest Partners LLC now owns 2,131,061 shares of the technology infrastructure company's stock valued at $191,966,000 after purchasing an additional 28,135 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Akamai Technologies by 25.1% in 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 buying an additional 347,626 shares during the last quarter. Disciplined Growth Investors Inc. MN lifted its position in Akamai Technologies by 1.0% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 1,411,028 shares of the technology infrastructure company's stock worth $127,105,000 after buying an additional 14,347 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Akamai Technologies by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 892,356 shares of the technology infrastructure company's stock worth $90,083,000 after buying an additional 11,272 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Akamai Technologies by 33.3% in the 2nd quarter. Renaissance Technologies LLC now owns 651,400 shares of the technology infrastructure company's stock valued at $58,678,000 after acquiring an additional 162,700 shares in the last quarter. Institutional investors own 94.28% of the company's stock.

Wall Street Analysts Forecast Growth

AKAM has been the subject of several recent research reports. Royal Bank of Canada reissued a "sector perform" rating and set a $100.00 price target on shares of Akamai Technologies in a research report on Thursday, August 15th. Hsbc Global Res upgraded shares of Akamai Technologies from a "hold" rating to a "strong-buy" rating in a research note on Monday, November 11th. Tigress Financial reissued a "strong-buy" rating and set a $140.00 price target on shares of Akamai Technologies in a research report on Thursday, August 29th. HSBC upgraded Akamai Technologies from a "hold" rating to a "buy" rating and set a $121.00 price objective on the stock in a research note on Monday, November 11th. Finally, Robert W. Baird decreased their target price on Akamai Technologies from $120.00 to $115.00 and set an "outperform" rating on the stock in a report on Monday, November 11th. One research analyst has rated the stock with a sell rating, five have given a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $117.61.

Akamai Technologies Price Performance

Akamai Technologies stock traded down $0.02 during mid-day trading on Thursday, reaching $100.00. 1,269,875 shares of the company were exchanged, compared to its average volume of 1,676,582. The firm has a market cap of $15.02 billion, a PE ratio of 29.59, a PEG ratio of 3.74 and a beta of 0.65. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.33 and a quick ratio of 1.33. The company has a fifty day simple moving average of $98.25 and a 200-day simple moving average of $96.44. Akamai Technologies, Inc. has a 12 month low of $84.70 and a 12 month high of $129.17.

Insider Transactions at Akamai Technologies

In other Akamai Technologies news, EVP Paul C. Joseph sold 4,000 shares of the business's stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $97.30, for a total transaction of $389,200.00. Following the completion of the transaction, the executive vice president now directly owns 30,703 shares in the company, valued at $2,987,401.90. The trade was a 11.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director William Raymond Wagner sold 1,000 shares of the firm's 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 completion of the sale, the director now directly owns 15,719 shares in the company, valued at approximately $1,467,840.22. This represents a 5.98 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,500 shares of company stock valued at $1,058,625. 1.80% of the stock is owned by corporate insiders.

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.