Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 8,210 shares of the technology infrastructure company’s stock, valued at approximately $540,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. FTB Advisors Inc. grew its position in Akamai Technologies by 2.4% during the 2nd quarter. FTB Advisors Inc. now owns 2,538 shares of the technology infrastructure company’s stock worth $125,000 after purchasing an additional 59 shares during the period. Advisory Services Network LLC grew its position in Akamai Technologies by 9.0% during the 2nd quarter. Advisory Services Network LLC now owns 2,025 shares of the technology infrastructure company’s stock worth $101,000 after purchasing an additional 168 shares during the period. People s United Financial Inc. grew its position in Akamai Technologies by 7.8% during the 2nd quarter. People s United Financial Inc. now owns 4,822 shares of the technology infrastructure company’s stock worth $240,000 after purchasing an additional 348 shares during the period. Nisa Investment Advisors LLC grew its position in Akamai Technologies by 1.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 81,950 shares of the technology infrastructure company’s stock worth $5,329,000 after purchasing an additional 788 shares during the period. Finally, Mutual of America Capital Management LLC grew its position in Akamai Technologies by 3.7% during the 2nd quarter. Mutual of America Capital Management LLC now owns 26,741 shares of the technology infrastructure company’s stock worth $1,332,000 after purchasing an additional 945 shares during the period. 86.43% of the stock is currently owned by institutional investors.

Shares of Akamai Technologies, Inc. (AKAM) opened at $65.72 on Friday. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.20. Akamai Technologies, Inc. has a twelve month low of $44.65 and a twelve month high of $71.34. The stock has a market capitalization of $11,427.89, a PE ratio of 39.59, a P/E/G ratio of 2.73 and a beta of 0.71.

In related news, insider Rick M. Mcconnell sold 48,369 shares of Akamai Technologies stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $56.83, for a total value of $2,748,810.27. Following the sale, the insider now directly owns 45,974 shares in the company, valued at approximately $2,612,702.42. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO F Thomson Leighton acquired 18,545 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was purchased at an average price of $53.91 per share, for a total transaction of $999,760.95. Following the completion of the acquisition, the chief executive officer now owns 226,950 shares in the company, valued at approximately $12,234,874.50. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 61,112 shares of company stock worth $3,562,575. 3.20% of the stock is currently owned by insiders.

Several brokerages have weighed in on AKAM. BidaskClub raised Akamai Technologies from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Craig Hallum raised Akamai Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, December 19th. MKM Partners increased their price target on Akamai Technologies to $65.00 and gave the stock a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research downgraded Akamai Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Finally, Piper Jaffray Companies restated a “buy” rating and set a $60.00 target price on shares of Akamai Technologies in a research report on Wednesday, October 25th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $64.36.

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Akamai Technologies Profile

Akamai Technologies, Inc is engaged in providing cloud services for delivering, optimizing and securing content and business applications over the Internet. The Company is involved in offering content delivery network (CDN) services. Its services include the delivery of content, applications and software over the Internet, as well as mobile and security solutions.

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

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