Bank of New Hampshire Sells 866 Shares of Akamai Technologies, Inc. (NASDAQ:AKAM)

Bank of New Hampshire trimmed its stake in Akamai Technologies, Inc. (NASDAQ:AKAM) by 38.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,385 shares of the technology infrastructure company’s stock after selling 866 shares during the period. Bank of New Hampshire’s holdings in Akamai Technologies were worth $132,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Farther Finance Advisors LLC increased its stake in shares of Akamai Technologies by 85.7% in the third quarter. Farther Finance Advisors LLC now owns 247 shares of the technology infrastructure company’s stock worth $25,000 after purchasing an additional 114 shares in the last quarter. Eastern Bank bought a new position in Akamai Technologies in the 3rd quarter worth $71,000. Covestor Ltd increased its stake in Akamai Technologies by 67.7% in the 3rd quarter. Covestor Ltd now owns 887 shares of the technology infrastructure company’s stock worth $90,000 after buying an additional 358 shares in the last quarter. Catalyst Capital Advisors LLC bought a new stake in Akamai Technologies during the third quarter valued at about $102,000. Finally, Asset Dedication LLC purchased a new position in shares of Akamai Technologies in the third quarter valued at about $135,000. 94.28% of the stock is owned by institutional investors.

Akamai Technologies Stock Down 0.9 %

Shares of NASDAQ AKAM opened at $92.54 on Wednesday. Akamai Technologies, Inc. has a 1 year low of $84.70 and a 1 year high of $129.17. The firm has a 50-day simple moving average of $95.52 and a two-hundred day simple moving average of $97.28. The company has a market cap of $13.90 billion, a P/E ratio of 27.38, a PEG ratio of 3.83 and a beta of 0.64. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.33 and a quick ratio of 1.33.

Insider Transactions at Akamai Technologies

In other news, Director William Raymond Wagner sold 1,000 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $93.38, for a total value of $93,380.00. Following the transaction, the director now directly owns 15,719 shares in the company, valued at approximately $1,467,840.22. This represents a 5.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Edward J. Mcgowan sold 10,782 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was 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 in the company, valued at $1,255,196.36. This represents a 45.88 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,282 shares of company stock worth $1,733,716. 1.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

AKAM has been the topic of several recent analyst reports. Scotiabank decreased their target price 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 target price on the stock in a report on Monday, November 11th. Evercore ISI reiterated an “outperform” rating and issued a $110.00 price target on shares of Akamai Technologies in a report on Tuesday, December 17th. Hsbc Global Res raised shares of Akamai Technologies from a “hold” rating to a “strong-buy” rating in a report on Monday, November 11th. Finally, Robert W. Baird reduced their target price on Akamai Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Akamai Technologies has an average rating of “Moderate Buy” and an average target price of $116.85.

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.