Huntington National Bank Sells 100 Shares of Akamai Technologies, Inc. (NASDAQ:AKAM)

Huntington National Bank trimmed its holdings in Akamai Technologies, Inc. (NASDAQ:AKAMFree Report) by 8.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,044 shares of the technology infrastructure company’s stock after selling 100 shares during the period. Huntington National Bank’s holdings in Akamai Technologies were worth $111,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Pathstone Family Office LLC lifted its holdings in Akamai Technologies by 28.1% during the 3rd quarter. Pathstone Family Office LLC now owns 13,931 shares of the technology infrastructure company’s stock worth $1,484,000 after purchasing an additional 3,057 shares during the last quarter. AlphaStar Capital Management LLC lifted its holdings in Akamai Technologies by 13.6% during the 3rd quarter. AlphaStar Capital Management LLC now owns 5,149 shares of the technology infrastructure company’s stock worth $549,000 after purchasing an additional 618 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in Akamai Technologies by 13.6% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 13,696 shares of the technology infrastructure company’s stock worth $1,459,000 after purchasing an additional 1,635 shares during the last quarter. Shell Asset Management Co. lifted its holdings in Akamai Technologies by 1.2% during the 3rd quarter. Shell Asset Management Co. now owns 9,800 shares of the technology infrastructure company’s stock worth $1,044,000 after purchasing an additional 116 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Akamai Technologies by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 829,661 shares of the technology infrastructure company’s stock worth $88,392,000 after purchasing an additional 10,900 shares during the last quarter. 91.40% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on AKAM. Royal Bank of Canada lifted their price target on Akamai Technologies from $97.00 to $115.00 and gave the stock a “sector perform” rating in a report on Wednesday, November 8th. StockNews.com upgraded Akamai Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, January 25th. Raymond James raised their price objective on Akamai Technologies from $115.00 to $122.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 8th. Morgan Stanley raised their price objective on Akamai Technologies from $102.00 to $112.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 8th. Finally, Susquehanna assumed coverage on Akamai Technologies in a research note on Friday, December 15th. They set a “positive” rating and a $150.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $114.11.

Check Out Our Latest Research Report on AKAM

Insider Activity

In related news, EVP Paul C. Joseph sold 4,000 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $112.50, for a total transaction of $450,000.00. Following the sale, the executive vice president now owns 24,065 shares in the company, valued at approximately $2,707,312.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Paul C. Joseph sold 4,000 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $112.50, for a total transaction of $450,000.00. Following the sale, the executive vice president now owns 24,065 shares in the company, valued at approximately $2,707,312.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Aaron Ahola sold 4,400 shares of the business’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $112.02, for a total value of $492,888.00. Following the sale, the executive vice president now owns 10,684 shares in the company, valued at approximately $1,196,821.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,136 shares of company stock worth $2,426,164. Insiders own 1.80% of the company’s stock.

Akamai Technologies Trading Up 1.2 %

Shares of AKAM opened at $128.32 on Monday. Akamai Technologies, Inc. has a 52-week low of $70.65 and a 52-week high of $129.17. The business’s fifty day moving average is $119.56 and its 200-day moving average is $110.42. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.30 and a current ratio of 2.30. The firm has a market cap of $19.35 billion, a price-to-earnings ratio of 38.65, a PEG ratio of 3.23 and a beta of 0.76.

Akamai Technologies Profile

(Free Report)

Akamai Technologies, Inc provides cloud services for securing, delivering, and computing content, applications, and software over the internet 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.

See Also

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Institutional Ownership by Quarter for Akamai Technologies (NASDAQ:AKAM)

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