2,070 Shares in Akamai Technologies, Inc. (NASDAQ:AKAM) Bought by Prospera Financial Services Inc

Prospera Financial Services Inc bought a new stake in Akamai Technologies, Inc. (NASDAQ:AKAM) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,070 shares of the technology infrastructure company’s stock, valued at approximately $209,000.

Several other institutional investors have also recently bought and sold shares of AKAM. Farther Finance Advisors LLC grew its holdings 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. EntryPoint Capital LLC bought a new stake in shares of Akamai Technologies during the first quarter worth $31,000. Versant Capital Management Inc increased its holdings in shares of Akamai Technologies by 170.8% during the second quarter. Versant Capital Management Inc now owns 306 shares of the technology infrastructure company’s stock worth $28,000 after buying an additional 193 shares in the last quarter. Innealta Capital LLC bought a new position in shares of Akamai Technologies in the 2nd quarter valued at $28,000. Finally, Family Firm Inc. acquired a new stake in shares of Akamai Technologies during the 2nd quarter valued at $35,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Insider Transactions at Akamai Technologies

In other news, CTO Robert Blumofe sold 2,500 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at $1,728,781.10. This represents a 11.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Paul C. Joseph sold 4,000 shares of Akamai Technologies stock in a transaction on Friday, September 13th. The shares were sold at an average price of $97.30, for a total transaction of $389,200.00. Following the completion of the sale, the executive vice president now directly owns 30,703 shares of the company’s stock, valued at approximately $2,987,401.90. The trade was a 11.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,500 shares of company stock valued at $965,245 in the last 90 days. 2.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on AKAM. TD Cowen upped their target price on Akamai Technologies from $129.00 to $131.00 and gave the stock a “buy” rating in a report on Friday, August 9th. HSBC upgraded shares of Akamai Technologies from a “hold” rating to a “buy” rating and set a $121.00 price objective for the company in a report on Monday, November 11th. Tigress Financial reissued a “strong-buy” rating and set a $140.00 target price on shares of Akamai Technologies in a report on Thursday, August 29th. DA Davidson reaffirmed a “buy” rating and set a $115.00 price target on shares of Akamai Technologies in a research note on Friday, August 9th. Finally, Robert W. Baird reduced their price objective on shares of Akamai Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a research note on Monday, November 11th. 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 given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $117.47.

Akamai Technologies Stock Up 1.9 %

Shares of NASDAQ AKAM opened at $94.64 on Tuesday. Akamai Technologies, Inc. has a 12-month low of $84.70 and a 12-month high of $129.17. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.50. The firm has a market cap of $14.22 billion, a PE ratio of 28.00, a P/E/G ratio of 3.53 and a beta of 0.68. The company’s fifty day simple moving average is $99.00 and its 200 day simple moving average is $96.25.

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.