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

Pacer Advisors Inc. boosted its holdings in shares of Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 44.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,343 shares of the technology infrastructure company's stock after purchasing an additional 6,224 shares during the quarter. Pacer Advisors Inc.'s holdings in Akamai Technologies were worth $1,946,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Farther Finance Advisors LLC lifted its holdings in shares of Akamai Technologies by 85.7% in the 3rd 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 period. Bruce G. Allen Investments LLC raised its stake in Akamai Technologies by 38.8% in the 4th quarter. Bruce G. Allen Investments LLC now owns 554 shares of the technology infrastructure company's stock worth $53,000 after acquiring an additional 155 shares during the last quarter. Eastern Bank purchased a new stake in Akamai Technologies in the third quarter valued at approximately $71,000. Covestor Ltd raised its holdings in shares of Akamai Technologies by 67.7% during the third 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 last quarter. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of Akamai Technologies in the third quarter worth about $102,000. Institutional investors own 94.28% of the company's stock.

Akamai Technologies Stock Up 1.0 %

NASDAQ:AKAM traded up $1.02 during trading hours on Wednesday, reaching $100.89. 1,274,921 shares of the stock were exchanged, compared to its average volume of 1,685,205. Akamai Technologies, Inc. has a twelve month low of $84.70 and a twelve month high of $129.17. The stock has a market cap of $15.16 billion, a PE ratio of 29.85, a PEG ratio of 3.57 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 firm has a 50 day moving average of $96.07 and a 200 day moving average of $97.69.

Analyst Ratings Changes

AKAM has been the topic of a number of recent analyst reports. Hsbc Global Res upgraded Akamai Technologies from a "hold" rating to a "strong-buy" rating in a research report on Monday, November 11th. HSBC raised shares of Akamai Technologies from a "hold" rating to a "buy" rating and set a $121.00 target price on the stock in a research note on Monday, November 11th. Citigroup cut their price objective on Akamai Technologies from $104.00 to $102.00 and set a "neutral" rating for the company in a research report on Friday, January 17th. Scotiabank lowered their target price on Akamai Technologies from $115.00 to $112.00 and set a "sector outperform" rating for the company in a report on Friday, November 8th. Finally, Evercore ISI reaffirmed an "outperform" rating and set a $110.00 price objective on shares of Akamai Technologies in a research report on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $116.10.

Insider Activity at Akamai Technologies

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

Akamai Technologies Company 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.