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

Mn Services Vermogensbeheer B.V. reduced its stake in Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 7.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & 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.

Several other large investors have also recently added to or reduced their stakes in AKAM. MassMutual Private Wealth & Trust FSB lifted its position in Akamai Technologies by 54.8% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 438 shares of the technology infrastructure company's stock worth $35,000 after buying an additional 155 shares during the period. Itau Unibanco Holding S.A. lifted its position in Akamai Technologies by 99.6% during the fourth quarter. Itau Unibanco Holding S.A. now owns 469 shares of the technology infrastructure company's stock worth $45,000 after buying an additional 234 shares during the period. SBI Securities Co. Ltd. purchased a new position in Akamai Technologies during the fourth quarter worth about $49,000. Wolverine Asset Management LLC purchased a new position in Akamai Technologies during the fourth quarter worth about $57,000. Finally, LRI Investments LLC lifted its position in Akamai Technologies by 500.0% during the fourth quarter. LRI Investments LLC now owns 624 shares of the technology infrastructure company's stock worth $60,000 after buying an additional 520 shares during the period. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on AKAM shares. KeyCorp started coverage on Akamai Technologies in a research report on Friday, June 6th. They set an "underweight" rating and a $63.00 target price on the stock. Susquehanna reduced their target price on Akamai Technologies from $110.00 to $105.00 and set a "positive" rating on the stock in a research report on Friday, February 21st. Raymond James Financial reduced their target price on Akamai Technologies from $115.00 to $110.00 and set an "outperform" rating on the stock in a research report on Friday, February 21st. Craig Hallum downgraded Akamai Technologies from a "buy" rating to a "hold" rating and set a $90.00 target price on the stock. in a research report on Friday, February 21st. Finally, Wall Street Zen upgraded Akamai Technologies from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $101.25.

Insider Buying and Selling at Akamai Technologies

In other Akamai Technologies news, COO Adam Karon sold 3,927 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The stock was 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. This trade represents a 26.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kim Salem-Jackson sold 13,157 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $76.33, for a total value of $1,004,273.81. Following the transaction, the executive vice president now directly owns 43,575 shares in the company, valued at approximately $3,326,079.75. This represents a 23.19% decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.

Akamai Technologies Price Performance

AKAM stock opened at $78.68 on Wednesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.18 and a current ratio of 1.18. 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 $11.50 billion, a P/E ratio of 26.49, a price-to-earnings-growth ratio of 2.53 and a beta of 0.77. The stock has a 50-day simple moving average of $77.54 and a 200-day simple moving average of $85.98.

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

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.

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