Tokio Marine Asset Management Co. Ltd. Purchases 188 Shares of Akamai Technologies, Inc. (NASDAQ:AKAM)

Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 4.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,536 shares of the technology infrastructure company’s stock after buying an additional 188 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Akamai Technologies were worth $458,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Farther Finance Advisors LLC increased its position in shares of Akamai Technologies by 85.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 247 shares of the technology infrastructure company’s stock valued at $25,000 after purchasing an additional 114 shares during the last quarter. Versant Capital Management Inc increased its holdings in Akamai Technologies by 170.8% in the 2nd quarter. Versant Capital Management Inc now owns 306 shares of the technology infrastructure company’s stock valued at $28,000 after acquiring an additional 193 shares during the last quarter. Innealta Capital LLC purchased a new stake in shares of Akamai Technologies in the second quarter worth about $28,000. EntryPoint Capital LLC bought a new position in shares of Akamai Technologies during the 1st quarter valued at approximately $31,000. Finally, Family Firm Inc. purchased a new position in shares of Akamai Technologies in the 2nd quarter worth $35,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Akamai Technologies Stock Performance

NASDAQ:AKAM opened at $87.43 on Friday. Akamai Technologies, Inc. has a 1-year low of $86.78 and a 1-year high of $129.17. The firm has a 50 day simple moving average of $99.84 and a 200-day simple moving average of $96.76. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.33 and a quick ratio of 1.32. The firm has a market cap of $13.13 billion, a PE ratio of 25.87, a P/E/G ratio of 3.36 and a beta of 0.68.

Insider Buying and Selling

In related news, EVP Paul C. Joseph sold 4,000 shares of Akamai Technologies stock in a transaction on Friday, November 15th. The stock was sold at an average price of $88.63, for a total value of $354,520.00. Following the transaction, the executive vice president now owns 26,703 shares in the company, valued at approximately $2,366,686.89. This trade represents a 13.03 % decrease in their ownership of the stock. The sale 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 dated Friday, November 15th. The stock was sold at an average price of $88.61, for a total value of $221,525.00. Following the sale, the chief technology officer now owns 19,510 shares of the company’s stock, valued at $1,728,781.10. This represents a 11.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,500 shares of company stock valued at $1,065,975. Insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on AKAM shares. Guggenheim upgraded shares of Akamai Technologies from a “neutral” rating to a “buy” rating and set a $128.00 price target on the stock in a report on Monday, July 29th. TD Cowen raised their target price on shares of Akamai Technologies from $129.00 to $131.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Hsbc Global Res upgraded Akamai Technologies from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 11th. Scotiabank lowered their target price on shares of Akamai Technologies from $115.00 to $112.00 and set a “sector outperform” rating for the company in a research note on Friday, November 8th. Finally, Tigress Financial restated a “strong-buy” rating and set a $140.00 price target on shares of Akamai Technologies in a research note on Thursday, August 29th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $117.47.

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.