Hantz Financial Services Inc. Sells 680 Shares of Akamai Technologies, Inc. (NASDAQ:AKAM)

Hantz Financial Services Inc. lessened its holdings in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 10.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,697 shares of the technology infrastructure company’s stock after selling 680 shares during the period. Hantz Financial Services Inc.’s holdings in Akamai Technologies were worth $575,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of AKAM. Janus Henderson Group PLC grew its position in shares of Akamai Technologies by 19.6% in the 1st quarter. Janus Henderson Group PLC now owns 41,034 shares of the technology infrastructure company’s stock worth $4,462,000 after buying an additional 6,724 shares during the last quarter. Banque Cantonale Vaudoise lifted its stake in Akamai Technologies by 86.9% in the third quarter. Banque Cantonale Vaudoise now owns 44,390 shares of the technology infrastructure company’s stock worth $4,481,000 after acquiring an additional 20,633 shares during the period. Principal Financial Group Inc. increased its position in shares of Akamai Technologies by 3.5% during the third quarter. Principal Financial Group Inc. now owns 200,458 shares of the technology infrastructure company’s stock valued at $20,236,000 after buying an additional 6,785 shares during the period. Charles Schwab Investment Management Inc. raised 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 worth $90,083,000 after buying an additional 11,272 shares in the last quarter. Finally, Sompo Asset Management Co. Ltd. lifted its holdings in Akamai Technologies by 148.4% in the third quarter. Sompo Asset Management Co. Ltd. now owns 19,900 shares of the technology infrastructure company’s stock worth $2,009,000 after buying an additional 11,890 shares during the period. Institutional investors own 94.28% of the company’s stock.

Analyst Ratings Changes

AKAM has been the subject of a number of research reports. Robert W. Baird decreased their price objective on Akamai Technologies from $120.00 to $115.00 and set an “outperform” rating for the company in a report on Monday, November 11th. HSBC raised Akamai Technologies from a “hold” rating to a “buy” rating and set a $121.00 price target on the stock in a research report on Monday, November 11th. Needham & Company LLC reaffirmed a “hold” rating on shares of Akamai Technologies in a research report on Friday, August 9th. DA Davidson reissued a “buy” rating and issued a $115.00 target price on shares of Akamai Technologies in a report on Friday, August 9th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $100.00 target price on shares of Akamai Technologies in a report on Thursday, August 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $117.47.

Akamai Technologies Trading Up 0.2 %

Shares of NASDAQ:AKAM opened at $94.02 on Monday. The company has a market capitalization of $14.12 billion, a PE ratio of 27.82, a P/E/G ratio of 3.58 and a beta of 0.68. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.50. Akamai Technologies, Inc. has a 12-month low of $84.70 and a 12-month high of $129.17. The business’s fifty day simple moving average is $98.61 and its 200-day simple moving average is $96.25.

Insiders Place Their Bets

In other Akamai Technologies news, CTO Robert Blumofe sold 2,500 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $88.61, for a total transaction of $221,525.00. Following the sale, the chief technology officer now directly owns 19,510 shares of the company’s stock, valued at approximately $1,728,781.10. This trade represents a 11.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 transaction, the executive vice president now directly owns 30,703 shares of the company’s stock, valued at $2,987,401.90. The trade was a 11.53 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,500 shares of company stock worth $1,058,625. 1.80% of the stock is 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.