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

Hantz Financial Services Inc. cut its position in Akamai Technologies, Inc. (NASDAQ:AKAM) by 10.7% during the 3rd quarter, according to the company in its most recent Form 13F 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 quarter. 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 institutional investors have also recently made changes to their positions in AKAM. Farther Finance Advisors LLC raised its stake in Akamai Technologies by 85.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 247 shares of the technology infrastructure company’s stock valued at $25,000 after acquiring an additional 114 shares during the period. Versant Capital Management Inc increased its stake in shares of Akamai Technologies by 170.8% in the second quarter. Versant Capital Management Inc now owns 306 shares of the technology infrastructure company’s stock worth $28,000 after purchasing an additional 193 shares in the last quarter. Innealta Capital LLC bought a new stake in shares of Akamai Technologies in the second quarter valued at approximately $28,000. Family Firm Inc. purchased a new stake in shares of Akamai Technologies during the 2nd quarter valued at approximately $35,000. Finally, Eastern Bank bought a new position in Akamai Technologies in the 3rd quarter worth approximately $71,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Akamai Technologies Price Performance

Shares of Akamai Technologies stock opened at $94.02 on Monday. The firm has a market capitalization of $14.12 billion, a PE ratio of 27.82, a price-to-earnings-growth 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 50-day moving average price is $98.61 and its 200-day moving average price is $96.25.

Insider Buying and Selling at Akamai Technologies

In other Akamai Technologies news, EVP Paul C. Joseph sold 4,000 shares of the company’s stock in a transaction dated 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 in the company, valued at $2,987,401.90. This represents a 11.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director William Raymond Wagner sold 1,000 shares of Akamai Technologies stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $93.38, for a total value of $93,380.00. Following the completion of the transaction, the director now owns 15,719 shares in the company, valued at approximately $1,467,840.22. This represents a 5.98 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,500 shares of company stock worth $1,058,625 over the last ninety days. Insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AKAM. Craig Hallum raised shares of Akamai Technologies from a “hold” rating to a “buy” rating and boosted their target price for the company from $110.00 to $125.00 in a report on Friday, August 9th. HSBC raised Akamai Technologies from a “hold” rating to a “buy” rating and set a $121.00 price objective on the stock in a report on Monday, November 11th. Scotiabank reduced their target price on Akamai Technologies from $115.00 to $112.00 and set a “sector outperform” rating for the company in a report on Friday, November 8th. Hsbc Global Res raised shares of Akamai Technologies from a “hold” rating to a “strong-buy” rating in a report on Monday, November 11th. Finally, DA Davidson restated a “buy” rating and issued a $115.00 price objective on shares of Akamai Technologies in a research report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $117.47.

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.