Vontobel Holding Ltd. Sells 27,851 Shares of Akamai Technologies, Inc. (NASDAQ:AKAM)

Vontobel Holding Ltd. trimmed its position in Akamai Technologies, Inc. (NASDAQ:AKAM) by 13.5% during the 4th quarter, HoldingsChannel reports. The firm owned 178,309 shares of the technology infrastructure company’s stock after selling 27,851 shares during the quarter. Vontobel Holding Ltd.’s holdings in Akamai Technologies were worth $17,055,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AKAM. Asset Management One Co. Ltd. increased its position in Akamai Technologies by 7.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 58,958 shares of the technology infrastructure company’s stock worth $5,717,000 after purchasing an additional 4,331 shares during the last quarter. Howard Bailey Securities LLC increased its holdings in shares of Akamai Technologies by 16.5% in the 4th quarter. Howard Bailey Securities LLC now owns 3,127 shares of the technology infrastructure company’s stock worth $299,000 after buying an additional 444 shares during the last quarter. Sawgrass Asset Management LLC increased its holdings in shares of Akamai Technologies by 20.0% in the 4th quarter. Sawgrass Asset Management LLC now owns 171,923 shares of the technology infrastructure company’s stock worth $16,444,000 after buying an additional 28,654 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of Akamai Technologies by 49.6% in the 4th quarter. Van ECK Associates Corp now owns 2,746 shares of the technology infrastructure company’s stock worth $263,000 after buying an additional 910 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Akamai Technologies by 67.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 170,856 shares of the technology infrastructure company’s stock worth $16,303,000 after buying an additional 68,681 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Akamai Technologies

In other Akamai Technologies news, CFO Edward J. Mcgowan sold 10,782 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $98.71, for a total value of $1,064,291.22. Following the completion of the sale, the chief financial officer now directly owns 12,716 shares of the company’s stock, valued at $1,255,196.36. The trade was a 45.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William Raymond Wagner sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $93.38, for a total transaction of $93,380.00. Following the completion of the sale, the director now directly owns 15,719 shares of the company’s stock, valued at $1,467,840.22. The trade was a 5.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,782 shares of company stock valued at $1,523,951 in the last three months. Company insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AKAM. Oppenheimer upgraded shares of Akamai Technologies from a “market perform” rating to an “outperform” rating and set a $120.00 target price on the stock in a report on Monday, December 2nd. Hsbc Global Res upgraded shares of Akamai Technologies from a “hold” rating to a “strong-buy” rating in a report on Monday, November 11th. UBS Group began coverage on shares of Akamai Technologies in a report on Monday, December 16th. They issued a “neutral” rating and a $110.00 target price on the stock. Evercore ISI restated an “outperform” rating and issued a $110.00 target price on shares of Akamai Technologies in a report on Tuesday, December 17th. Finally, Citigroup reduced their target price on shares of Akamai Technologies from $104.00 to $102.00 and set a “neutral” rating on the stock in a report on Friday, January 17th. Six investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $117.95.

Akamai Technologies Price Performance

Akamai Technologies stock opened at $100.01 on Friday. The stock has a market cap of $15.02 billion, a price-to-earnings ratio of 29.59, a price-to-earnings-growth ratio of 3.56 and a beta of 0.65. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.33 and a quick ratio of 1.33. Akamai Technologies, Inc. has a 1 year low of $84.70 and a 1 year high of $114.67. The firm has a 50-day moving average of $96.60 and a two-hundred day moving average of $97.88.

About Akamai Technologies

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.