Nisa Investment Advisors LLC Has $5.91 Million Stake in Akamai Technologies, Inc. (NASDAQ:AKAM)

Nisa Investment Advisors LLC reduced its position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 2.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,753 shares of the technology infrastructure company’s stock after selling 1,355 shares during the period. Nisa Investment Advisors LLC’s holdings in Akamai Technologies were worth $5,907,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Geode Capital Management LLC boosted its position in Akamai Technologies by 5.1% during the 3rd quarter. Geode Capital Management LLC now owns 4,197,009 shares of the technology infrastructure company’s stock worth $423,066,000 after acquiring an additional 202,746 shares during the last quarter. Retirement Systems of Alabama lifted its position in shares of Akamai Technologies by 20.0% in the third quarter. Retirement Systems of Alabama now owns 837,155 shares of the technology infrastructure company’s stock worth $84,511,000 after purchasing an additional 139,760 shares in the last quarter. Nordea Investment Management AB boosted its holdings in Akamai Technologies by 6.9% during the fourth quarter. Nordea Investment Management AB now owns 2,140,257 shares of the technology infrastructure company’s stock worth $205,743,000 after purchasing an additional 138,380 shares during the last quarter. Worldquant Millennium Advisors LLC bought a new position in Akamai Technologies in the third quarter valued at $13,313,000. Finally, Invenomic Capital Management LP grew its position in Akamai Technologies by 252.2% in the third quarter. Invenomic Capital Management LP now owns 175,984 shares of the technology infrastructure company’s stock valued at $17,766,000 after purchasing an additional 126,021 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Oppenheimer upgraded shares of Akamai Technologies from a “market perform” rating to an “outperform” rating and set a $120.00 price objective for the company in a research note on Monday, December 2nd. Citigroup decreased their price target on Akamai Technologies from $104.00 to $102.00 and set a “neutral” rating for the company in a research note on Friday, January 17th. Robert W. Baird dropped their price objective on Akamai Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a research note on Monday, November 11th. UBS Group began coverage on shares of Akamai Technologies in a research note on Monday, December 16th. They issued a “neutral” rating and a $110.00 target price for the company. Finally, Hsbc Global Res raised shares of Akamai Technologies from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 11th. One research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Akamai Technologies has an average rating of “Moderate Buy” and an average price target of $116.10.

Akamai Technologies Trading Up 1.9 %

Shares of Akamai Technologies stock opened at $97.70 on Friday. Akamai Technologies, Inc. has a 52-week low of $84.70 and a 52-week high of $129.17. The stock has a market cap of $14.68 billion, a PE ratio of 28.91, a PEG ratio of 3.40 and a beta of 0.64. The firm has a 50-day moving average of $94.59 and a 200-day moving average of $97.41. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.33 and a current ratio of 1.33.

Insider Buying and Selling at Akamai Technologies

In related news, CFO Edward J. Mcgowan sold 10,782 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $98.71, for a total value of $1,064,291.22. Following the completion of the sale, the chief financial officer now directly owns 12,716 shares in the company, valued at approximately $1,255,196.36. The trade was a 45.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Paul C. Joseph sold 4,000 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $91.57, for a total value of $366,280.00. Following the transaction, the executive vice president now owns 23,104 shares in the company, valued at approximately $2,115,633.28. This trade represents a 14.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,282 shares of company stock valued at $2,099,996 in the last quarter. Company 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.