Akamai Technologies, Inc. (NASDAQ:AKAM) Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC lifted its holdings in shares of Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 29.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 253,334 shares of the technology infrastructure company's stock after buying an additional 57,210 shares during the period. Natixis Advisors LLC owned approximately 0.17% of Akamai Technologies worth $25,574,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake 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 worth $156,088,000 after acquiring an additional 347,626 shares during the last quarter. Empyrean Capital Partners LP bought a new stake in shares of Akamai Technologies during the second quarter valued at approximately $15,314,000. Renaissance Technologies LLC lifted its stake in Akamai Technologies by 33.3% in the 2nd quarter. Renaissance Technologies LLC now owns 651,400 shares of the technology infrastructure company's stock worth $58,678,000 after purchasing an additional 162,700 shares in the last quarter. Distillate Capital Partners LLC purchased a new stake in shares of Akamai Technologies in the second quarter worth about $14,130,000. Finally, Earnest Partners LLC boosted its stake in Akamai Technologies by 7.6% during the first quarter. Earnest Partners LLC now owns 2,102,926 shares of the technology infrastructure company's stock valued at $228,714,000 after buying an additional 149,042 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors.

Insider Transactions at Akamai Technologies

In other Akamai Technologies news, Director William Raymond Wagner sold 1,000 shares of the firm's stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $100.73, for a total value of $100,730.00. Following the completion of the sale, the director now owns 16,719 shares of the company's stock, valued at approximately $1,684,104.87. This trade represents a 5.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Robert Blumofe sold 2,500 shares of the company's stock in a transaction on Friday, November 15th. The stock was sold at an average price of $88.61, for a total transaction of $221,525.00. Following the transaction, the chief technology officer now directly owns 19,510 shares in the company, valued at approximately $1,728,781.10. This trade represents a 11.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,500 shares of company stock worth $1,065,975. Insiders own 2.00% of the company's stock.

Akamai Technologies Stock Up 0.8 %

AKAM traded up $0.68 on Tuesday, hitting $86.64. 1,146,494 shares of the company were exchanged, compared to its average volume of 1,665,497. The company has a market cap of $13.02 billion, a price-to-earnings ratio of 25.43, a price-to-earnings-growth ratio of 3.33 and a beta of 0.68. The firm has a 50-day moving average price of $99.65 and a two-hundred day moving average price of $96.63. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.50. Akamai Technologies, Inc. has a twelve month low of $84.70 and a twelve month high of $129.17.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AKAM. Robert W. Baird decreased their price objective on Akamai Technologies from $120.00 to $115.00 and set an "outperform" rating on the stock in a report on Monday, November 11th. DA Davidson restated a "buy" rating and issued a $115.00 target price on shares of Akamai Technologies in a report on Friday, August 9th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $100.00 price target on shares of Akamai Technologies in a report on Thursday, August 15th. TD Cowen boosted their price objective on Akamai Technologies from $129.00 to $131.00 and gave the stock a "buy" rating in a research note on Friday, August 9th. Finally, Craig Hallum upgraded Akamai Technologies from a "hold" rating to a "buy" rating and lifted their target price for the stock from $110.00 to $125.00 in a report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $117.47.

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.