Moloney Securities Asset Management LLC Has $817,000 Position in Akamai Technologies, Inc. (NASDAQ:AKAM)

Moloney Securities Asset Management LLC cut its holdings in Akamai Technologies, Inc. (NASDAQ:AKAM) by 11.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,545 shares of the technology infrastructure company’s stock after selling 1,100 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Akamai Technologies were worth $817,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB lifted its stake in shares of Akamai Technologies by 3.5% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,948 shares of the technology infrastructure company’s stock valued at $473,000 after purchasing an additional 166 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Akamai Technologies by 1.9% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 20,175 shares of the technology infrastructure company’s stock valued at $1,930,000 after buying an additional 375 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Akamai Technologies by 5.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,172 shares of the technology infrastructure company’s stock worth $1,956,000 after buying an additional 971 shares during the last quarter. Retirement Systems of Alabama lifted its position in shares of Akamai Technologies by 8.9% in the fourth quarter. Retirement Systems of Alabama now owns 911,528 shares of the technology infrastructure company’s stock worth $87,188,000 after buying an additional 74,373 shares during the last quarter. Finally, Boston Trust Walden Corp boosted its stake in shares of Akamai Technologies by 3.9% during the 4th quarter. Boston Trust Walden Corp now owns 328,159 shares of the technology infrastructure company’s stock worth $31,388,000 after acquiring an additional 12,213 shares in the last quarter. 94.28% of the stock is owned by institutional investors.

Akamai Technologies Trading Up 0.0 %

AKAM stock opened at $99.64 on Monday. Akamai Technologies, Inc. has a 1-year low of $84.70 and a 1-year high of $129.17. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.50. The business’s 50 day moving average is $96.30 and its 200-day moving average is $97.76. The firm has a market cap of $14.97 billion, a P/E ratio of 29.48, a P/E/G ratio of 3.56 and a beta of 0.65.

Analyst Ratings Changes

A number of brokerages recently weighed in on AKAM. Scotiabank cut their price objective on Akamai Technologies from $115.00 to $112.00 and set a “sector outperform” rating on the stock in a research note on Friday, November 8th. HSBC raised shares of Akamai Technologies from a “hold” rating to a “buy” rating and set a $121.00 price target on the stock in a research report on Monday, November 11th. Robert W. Baird decreased their price objective on shares of Akamai Technologies from $120.00 to $115.00 and set an “outperform” rating for the company in a report on Monday, November 11th. Evercore ISI reiterated an “outperform” rating and issued a $110.00 target price on shares of Akamai Technologies in a report on Tuesday, December 17th. Finally, Citigroup decreased their price target on shares of Akamai Technologies from $104.00 to $102.00 and set a “neutral” rating for the company in a report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $116.10.

Insider Activity at Akamai Technologies

In related news, CFO Edward J. Mcgowan sold 10,782 shares of Akamai Technologies stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $98.71, for a total transaction of $1,064,291.22. Following the completion of the transaction, the chief financial officer now directly owns 12,716 shares of the company’s stock, valued at $1,255,196.36. This trade represents a 45.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Robert Blumofe sold 2,500 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $88.61, for a total transaction of $221,525.00. Following the sale, the chief technology officer now directly owns 19,510 shares in the company, valued at $1,728,781.10. This represents a 11.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,282 shares of company stock valued at $2,099,996 in the last 90 days. 1.80% of the stock is owned by corporate insiders.

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.