Akamai Technologies, Inc. (NASDAQ:AKAM) Stock Holdings Lowered by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. trimmed its position in Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 7.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,008 shares of the technology infrastructure company's stock after selling 4,300 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Akamai Technologies were worth $4,428,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. SBI Securities Co. Ltd. bought a new position in Akamai Technologies during the 4th quarter valued at about $49,000. Van ECK Associates Corp grew its holdings in shares of Akamai Technologies by 49.6% in the fourth quarter. Van ECK Associates Corp now owns 2,746 shares of the technology infrastructure company's stock valued at $263,000 after purchasing an additional 910 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Akamai Technologies in the fourth quarter valued at $617,000. Charles Schwab Investment Management Inc. boosted its stake in Akamai Technologies by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 922,244 shares of the technology infrastructure company's stock worth $88,213,000 after buying an additional 29,888 shares during the period. Finally, Atria Investments Inc grew its holdings in shares of Akamai Technologies by 5.6% in the fourth quarter. Atria Investments Inc now owns 5,497 shares of the technology infrastructure company's stock worth $526,000 after purchasing an additional 293 shares during the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on AKAM shares. Citigroup decreased their price target on shares of Akamai Technologies from $102.00 to $95.00 and set a "neutral" rating for the company in a research report on Monday, February 24th. Oppenheimer assumed coverage on shares of Akamai Technologies in a report on Thursday, March 20th. They set an "outperform" rating and a $100.00 price objective on the stock. KeyCorp started coverage on shares of Akamai Technologies in a report on Friday, June 6th. They set an "underweight" rating and a $63.00 price objective on the stock. Bank of America cut shares of Akamai Technologies from a "buy" rating to a "neutral" rating and dropped their price target for the company from $125.00 to $100.00 in a research report on Friday, February 21st. Finally, TD Cowen downgraded shares of Akamai Technologies from a "buy" rating to a "hold" rating and decreased their price target for the stock from $125.00 to $98.00 in a research note on Friday, February 21st. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $101.25.

Akamai Technologies Price Performance

Shares of NASDAQ:AKAM traded down $0.32 on Friday, reaching $78.38. 4,756,158 shares of the company were exchanged, compared to its average volume of 2,051,099. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.52. Akamai Technologies, Inc. has a 1-year low of $67.51 and a 1-year high of $106.80. The firm has a market cap of $11.46 billion, a price-to-earnings ratio of 26.39, a price-to-earnings-growth ratio of 2.47 and a beta of 0.77. The company has a 50-day moving average of $77.80 and a 200-day moving average of $85.58.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The technology infrastructure company reported $1.70 EPS for the quarter, topping analysts' consensus estimates of $1.58 by $0.12. Akamai Technologies had a net margin of 11.26% and a return on equity of 14.09%. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the previous year, the firm posted $1.64 earnings per share. The company's quarterly revenue was up 2.9% compared to the same quarter last year. Equities analysts forecast that Akamai Technologies, Inc. will post 4.6 earnings per share for the current fiscal year.

Insider Transactions at Akamai Technologies

In other Akamai Technologies news, COO Adam Karon sold 3,927 shares of the business's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $85.02, for a total transaction of $333,873.54. Following the completion of the sale, the chief operating officer now owns 10,809 shares in the company, valued at $918,981.18. The trade was a 26.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Kim Salem-Jackson sold 13,157 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $76.33, for a total transaction of $1,004,273.81. Following the sale, the executive vice president now owns 43,575 shares of the company's stock, valued at approximately $3,326,079.75. The trade was a 23.19% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company's stock.

Akamai Technologies Company 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.