DekaBank Deutsche Girozentrale reduced its stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 71.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,390 shares of the technology infrastructure company’s stock after selling 33,812 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Akamai Technologies were worth $1,159,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. CFM Wealth Partners LLC acquired a new position in shares of Akamai Technologies in the 4th quarter valued at approximately $38,000. Parkside Financial Bank & Trust grew its position in shares of Akamai Technologies by 234.6% in the 3rd quarter. Parkside Financial Bank & Trust now owns 542 shares of the technology infrastructure company’s stock valued at $49,000 after purchasing an additional 380 shares during the period. Quest Capital Management Inc. ADV acquired a new position in shares of Akamai Technologies in the 3rd quarter valued at approximately $58,000. Allred Capital Management LLC acquired a new position in shares of Akamai Technologies in the 4th quarter valued at approximately $67,000. Finally, Horan Capital Advisors LLC. acquired a new position in shares of Akamai Technologies in the 3rd quarter valued at approximately $73,000. Institutional investors own 89.32% of the company’s stock.

In other news, Director Bernardus Johannes M. Verwaayen sold 25,062 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $87.74, for a total transaction of $2,198,939.88. Following the sale, the director now owns 25,062 shares in the company, valued at approximately $2,198,939.88. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 2.40% of the company’s stock.

Several equities analysts recently issued reports on AKAM shares. Nomura boosted their price objective on Akamai Technologies from $81.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday. Morgan Stanley boosted their price objective on Akamai Technologies from $111.00 to $112.00 and gave the company an “overweight” rating in a research report on Wednesday. ValuEngine upgraded Akamai Technologies from a “sell” rating to a “hold” rating in a research report on Saturday. B. Riley boosted their price objective on Akamai Technologies from $111.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Cowen lowered Akamai Technologies from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and sixteen have assigned a buy rating to the stock. Akamai Technologies presently has an average rating of “Buy” and a consensus target price of $100.26.

NASDAQ AKAM opened at $99.67 on Friday. The stock has a market capitalization of $16.11 billion, a price-to-earnings ratio of 34.25, a PEG ratio of 2.20 and a beta of 0.53. The stock’s 50 day moving average price is $93.25 and its two-hundred day moving average price is $89.31. The company has a debt-to-equity ratio of 0.69, a quick ratio of 3.74 and a current ratio of 3.22. Akamai Technologies, Inc. has a 52 week low of $67.28 and a 52 week high of $103.29.

Akamai Technologies (NASDAQ:AKAM) last released its earnings results on Tuesday, February 11th. The technology infrastructure company reported $1.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.10. The firm had revenue of $772.12 million for the quarter, compared to analysts’ expectations of $749.76 million. Akamai Technologies had a return on equity of 16.86% and a net margin of 16.52%. During the same quarter in the previous year, the business posted $1.07 EPS. On average, equities research analysts forecast that Akamai Technologies, Inc. will post 3.78 EPS for the current year.

About Akamai Technologies

Akamai Technologies, Inc provides cloud services for delivering, optimizing, and securing content and business applications over the Internet in the United States and internationally. It provides cloud security solutions, including Web Application Protector to safeguard Web assets from Web application and distributed denial of service; Kona Site Defender, a cloud security solution; Bot Manager to identify bots and categorize bots based on business or IT impact; Fast DNS, which translates human-readable domain names into numerical IP addresses; Prolexic Routed to protect Web- and IP-based applications; and Client Reputation that assigns risk scores to malicious IP address and enables customers to take action on individual clients.

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

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