Natixis Advisors LLC Purchases 57,210 Shares of Akamai Technologies, Inc. (NASDAQ:AKAM)

Natixis Advisors LLC boosted its position in Akamai Technologies, Inc. (NASDAQ:AKAM) by 29.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 253,334 shares of the technology infrastructure company’s stock after buying an additional 57,210 shares during the period. Natixis Advisors LLC owned approximately 0.17% of Akamai Technologies worth $25,574,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of AKAM. Avantax Advisory Services Inc. increased its holdings in shares of Akamai Technologies by 9.6% during the 1st quarter. Avantax Advisory Services Inc. now owns 2,516 shares of the technology infrastructure company’s stock worth $274,000 after buying an additional 221 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Akamai Technologies by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 17,763,963 shares of the technology infrastructure company’s stock valued at $1,932,009,000 after buying an additional 124,359 shares during the period. Acadian Asset Management LLC boosted its stake in shares of Akamai Technologies by 5,019.5% during the 1st quarter. Acadian Asset Management LLC now owns 59,796 shares of the technology infrastructure company’s stock worth $6,497,000 after acquiring an additional 58,628 shares in the last quarter. Covestor Ltd increased its stake in shares of Akamai Technologies by 224.6% during the 1st quarter. Covestor Ltd now owns 448 shares of the technology infrastructure company’s stock worth $48,000 after purchasing an additional 310 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co raised its holdings in Akamai Technologies by 22.6% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 332,715 shares of the technology infrastructure company’s stock valued at $36,195,000 after acquiring an additional 61,226 shares during the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Akamai Technologies Stock Down 1.7 %

AKAM stock opened at $85.96 on Tuesday. The stock has a 50-day simple moving average of $99.65 and a two-hundred day simple moving average of $96.63. The firm has a market capitalization of $12.91 billion, a PE ratio of 25.43, a PEG ratio of 3.33 and a beta of 0.68. The company has a quick ratio of 1.32, a current ratio of 1.33 and a debt-to-equity ratio of 0.50. Akamai Technologies, Inc. has a twelve month low of $85.59 and a twelve month high of $129.17.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on AKAM shares. Hsbc Global Res upgraded Akamai Technologies from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 11th. Guggenheim upgraded shares of Akamai Technologies from a “neutral” rating to a “buy” rating and set a $128.00 price objective for the company in a report on Monday, July 29th. Scotiabank cut their price target on shares of Akamai Technologies from $115.00 to $112.00 and set a “sector outperform” rating on the stock in a report on Friday, November 8th. HSBC upgraded Akamai Technologies from a “hold” rating to a “buy” rating and set a $121.00 price objective on the stock in a report on Monday, November 11th. Finally, Tigress Financial reaffirmed a “strong-buy” rating and set a $140.00 target price on shares of Akamai Technologies in a research report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $117.47.

Insider Buying and Selling

In other news, Director William Raymond Wagner sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $100.73, for a total value of $100,730.00. Following the completion of the sale, the director now directly owns 16,719 shares of the company’s stock, valued at approximately $1,684,104.87. This trade represents a 5.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CTO Robert Blumofe sold 2,500 shares of Akamai Technologies stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $88.61, for a total value of $221,525.00. Following the sale, the chief technology officer now directly owns 19,510 shares in the company, valued at approximately $1,728,781.10. The trade was a 11.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,500 shares of company stock worth $1,065,975. Corporate insiders own 1.80% 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.