Blue Trust Inc. Has $865,000 Position in Akamai Technologies, Inc. (NASDAQ:AKAM)

Blue Trust Inc. lifted its holdings in Akamai Technologies, Inc. (NASDAQ:AKAM) by 21.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 8,568 shares of the technology infrastructure company’s stock after purchasing an additional 1,506 shares during the quarter. Blue Trust Inc.’s holdings in Akamai Technologies were worth $865,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Public Sector Pension Investment Board raised its position in Akamai Technologies by 79.9% in the 2nd quarter. Public Sector Pension Investment Board now owns 5,975 shares of the technology infrastructure company’s stock valued at $538,000 after buying an additional 2,654 shares during the last quarter. Creative Planning raised its holdings in shares of Akamai Technologies by 0.9% in the second quarter. Creative Planning now owns 106,970 shares of the technology infrastructure company’s stock valued at $9,636,000 after purchasing an additional 980 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Akamai Technologies in the second quarter worth $984,000. Davis Capital Management grew its position in Akamai Technologies by 9.6% in the third quarter. Davis Capital Management now owns 7,222 shares of the technology infrastructure company’s stock valued at $729,000 after purchasing an additional 635 shares in the last quarter. Finally, Czech National Bank increased its stake in Akamai Technologies by 6.3% in the 3rd quarter. Czech National Bank now owns 30,867 shares of the technology infrastructure company’s stock valued at $3,116,000 after buying an additional 1,842 shares during the last quarter. 94.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

AKAM has been the subject of a number of recent research reports. Evercore ISI restated an “outperform” rating and set a $110.00 price objective on shares of Akamai Technologies in a research note on Tuesday, December 17th. Citigroup reduced their price target 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. UBS Group began coverage on Akamai Technologies in a research note on Monday, December 16th. They set a “neutral” rating and a $110.00 price objective on the stock. HSBC raised shares of Akamai Technologies from a “hold” rating to a “buy” rating and set a $121.00 target price for the company in a research note on Monday, November 11th. Finally, Robert W. Baird cut their price target on shares of Akamai Technologies from $120.00 to $115.00 and set an “outperform” rating for the company in a research note on Monday, November 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Akamai Technologies has an average rating of “Moderate Buy” and a consensus target price of $116.10.

Akamai Technologies Stock Performance

NASDAQ:AKAM opened at $100.41 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.33 and a current ratio of 1.33. Akamai Technologies, Inc. has a fifty-two week low of $84.70 and a fifty-two week high of $129.17. The company has a market cap of $15.08 billion, a price-to-earnings ratio of 29.71, a PEG ratio of 3.40 and a beta of 0.64. The stock has a fifty day moving average price of $95.38 and a 200-day moving average price of $97.56.

Insider Activity

In other news, EVP Paul C. Joseph sold 4,000 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $88.63, for a total transaction of $354,520.00. Following the completion of the transaction, the executive vice president now owns 26,703 shares of the company’s stock, valued at approximately $2,366,686.89. The trade was a 13.03 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Robert Blumofe sold 2,500 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $88.61, for a total value of $221,525.00. Following the completion of the sale, the chief technology officer now directly owns 19,510 shares in the company, valued at $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. In the last ninety days, insiders sold 22,282 shares of company stock worth $2,099,996. 1.80% of the stock is currently owned by corporate insiders.

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.