Vontobel Holding Ltd. Cuts Stock Position in Akamai Technologies, Inc. (NASDAQ:AKAM)

Vontobel Holding Ltd. lowered its holdings in Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 13.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 178,309 shares of the technology infrastructure company's stock after selling 27,851 shares during the period. Vontobel Holding Ltd. owned about 0.12% of Akamai Technologies worth $17,055,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Banque Cantonale Vaudoise boosted its holdings in shares of Akamai Technologies by 86.9% in the 3rd quarter. Banque Cantonale Vaudoise now owns 44,390 shares of the technology infrastructure company's stock worth $4,481,000 after buying an additional 20,633 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Akamai Technologies by 3.5% in the 3rd quarter. Principal Financial Group Inc. now owns 200,458 shares of the technology infrastructure company's stock worth $20,236,000 after buying an additional 6,785 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Akamai Technologies by 1.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 892,356 shares of the technology infrastructure company's stock valued at $90,083,000 after acquiring an additional 11,272 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its position in shares of Akamai Technologies by 32.6% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 188,388 shares of the technology infrastructure company's stock valued at $19,018,000 after acquiring an additional 46,335 shares during the period. Finally, Cascade Investment Advisors Inc. bought a new position in shares of Akamai Technologies during the 4th quarter valued at approximately $827,000. Hedge funds and other institutional investors own 94.28% of the company's stock.

Insider Buying and Selling at Akamai Technologies

In related news, 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 transaction, the executive vice president now owns 23,104 shares in the company, valued at $2,115,633.28. The trade was a 14.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Edward J. Mcgowan sold 10,782 shares of the company's 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 transaction, the chief financial officer now owns 12,716 shares in the company, valued at $1,255,196.36. This trade represents a 45.88 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,782 shares of company stock valued at $1,523,951. 1.80% of the stock is currently owned by company insiders.

Akamai Technologies Trading Down 1.0 %

Shares of AKAM traded down $1.01 during mid-day trading on Tuesday, hitting $99.00. 528,109 shares of the company's stock traded hands, compared to its average volume of 1,666,217. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.50. Akamai Technologies, Inc. has a 1 year low of $84.70 and a 1 year high of $113.36. The firm has a market capitalization of $14.87 billion, a P/E ratio of 29.30, a PEG ratio of 3.56 and a beta of 0.65. The business's 50-day moving average price is $96.62 and its 200-day moving average price is $97.91.

Analyst Upgrades and Downgrades

AKAM has been the subject of several analyst reports. Robert W. Baird cut their price objective on shares of Akamai Technologies from $120.00 to $115.00 and set an "outperform" rating for the company in a report on Monday, November 11th. Hsbc Global Res raised Akamai Technologies from a "hold" rating to a "strong-buy" rating in a research note on Monday, November 11th. Oppenheimer raised Akamai Technologies from a "market perform" rating to an "outperform" rating and set a $120.00 price target for the company in a research note on Monday, December 2nd. Citigroup dropped their target price 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. Finally, UBS Group started coverage on Akamai Technologies in a research report on Monday, December 16th. They issued a "neutral" rating and a $110.00 target price for the company. Six research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $117.95.

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.