Koshinski Asset Management Inc. Buys 116 Shares of Akamai Technologies, Inc. (NASDAQ:AKAM)

Koshinski Asset Management Inc. raised its stake in Akamai Technologies, Inc. (NASDAQ:AKAM) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,867 shares of the technology infrastructure company’s stock after acquiring an additional 116 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Akamai Technologies were worth $752,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Farther Finance Advisors LLC raised its holdings in Akamai Technologies by 85.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 247 shares of the technology infrastructure company’s stock valued at $25,000 after buying an additional 114 shares during the last quarter. Bruce G. Allen Investments LLC raised its holdings in Akamai Technologies by 38.8% in the 4th quarter. Bruce G. Allen Investments LLC now owns 554 shares of the technology infrastructure company’s stock valued at $53,000 after buying an additional 155 shares during the last quarter. Eastern Bank bought a new position in Akamai Technologies in the 3rd quarter valued at approximately $71,000. Covestor Ltd raised its holdings in Akamai Technologies by 67.7% in the 3rd quarter. Covestor Ltd now owns 887 shares of the technology infrastructure company’s stock valued at $90,000 after buying an additional 358 shares during the last quarter. Finally, Catalyst Capital Advisors LLC bought a new position in Akamai Technologies in the 3rd quarter valued at approximately $102,000. Institutional investors own 94.28% of the company’s stock.

Akamai Technologies Trading Up 0.4 %

NASDAQ AKAM opened at $95.11 on Thursday. The stock has a market capitalization of $14.29 billion, a price-to-earnings ratio of 28.14, a PEG ratio of 3.25 and a beta of 0.64. Akamai Technologies, Inc. has a one year low of $84.70 and a one year high of $129.17. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.33 and a quick ratio of 1.33. The business’s fifty day moving average is $94.24 and its 200-day moving average is $97.38.

Wall Street Analyst Weigh In

AKAM has been the subject of a number of recent analyst reports. Robert W. Baird decreased their target price on shares of Akamai Technologies from $120.00 to $115.00 and set an “outperform” rating for the company in a research report on Monday, November 11th. HSBC raised shares of Akamai Technologies from a “hold” rating to a “buy” rating and set a $121.00 target price for the company in a research report on Monday, November 11th. Evercore ISI reissued an “outperform” rating and set a $110.00 target price on shares of Akamai Technologies in a research report on Tuesday, December 17th. Scotiabank decreased their target price on shares of Akamai Technologies from $115.00 to $112.00 and set a “sector outperform” rating for the company in a research report on Friday, November 8th. Finally, Citigroup decreased their target price on shares of Akamai Technologies from $104.00 to $102.00 and set a “neutral” rating for the company in a research report on Friday, January 17th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $116.10.

Insider Activity at Akamai Technologies

In related news, Director William Raymond Wagner sold 1,000 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $93.38, for a total value of $93,380.00. Following the sale, the director now directly owns 15,719 shares in the company, valued at approximately $1,467,840.22. The trade was a 5.98 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Paul C. Joseph sold 4,000 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $91.57, for a total value of $366,280.00. Following the completion of the sale, the executive vice president now owns 23,104 shares in the company, valued at $2,115,633.28. This represents a 14.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,282 shares of company stock worth $2,099,996. Company insiders own 1.80% of the company’s stock.

Akamai Technologies 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.