Dynamic Technology Lab Private Ltd Has $1.03 Million Stock Holdings in Akamai Technologies, Inc. (NASDAQ:AKAM)

Dynamic Technology Lab Private Ltd boosted its position in Akamai Technologies, Inc. (NASDAQ:AKAM) by 96.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 10,151 shares of the technology infrastructure company’s stock after purchasing an additional 4,985 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Akamai Technologies were worth $1,025,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Dimensional Fund Advisors LP increased its holdings in shares of Akamai Technologies by 25.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,732,750 shares of the technology infrastructure company’s stock valued at $156,088,000 after purchasing an additional 347,626 shares during the last quarter. Empyrean Capital Partners LP acquired a new position in Akamai Technologies in the 2nd quarter valued at about $15,314,000. Renaissance Technologies LLC raised its holdings in Akamai Technologies by 33.3% in the 2nd quarter. Renaissance Technologies LLC now owns 651,400 shares of the technology infrastructure company’s stock valued at $58,678,000 after acquiring an additional 162,700 shares during the period. Distillate Capital Partners LLC acquired a new stake in Akamai Technologies during the second quarter worth approximately $14,130,000. Finally, Swedbank AB bought a new stake in shares of Akamai Technologies during the first quarter worth approximately $9,488,000. Institutional investors own 94.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $100.00 target price on shares of Akamai Technologies in a research note on Thursday, August 15th. DA Davidson reiterated a “buy” rating and set a $115.00 price objective on shares of Akamai Technologies in a research report on Friday, August 9th. Tigress Financial reissued a “strong-buy” rating and issued a $140.00 target price on shares of Akamai Technologies in a research report on Thursday, August 29th. 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. Finally, TD Cowen boosted their price objective on shares of Akamai Technologies from $129.00 to $131.00 and gave the company a “buy” rating in a report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $117.47.

Insider Activity at Akamai Technologies

In other news, CTO Robert Blumofe sold 2,500 shares of the business’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 approximately $1,728,781.10. The trade was a 11.36 % 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, EVP Paul C. Joseph sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $97.30, for a total transaction of $389,200.00. Following the completion of the transaction, the executive vice president now owns 30,703 shares of the company’s stock, valued at approximately $2,987,401.90. This trade represents a 11.53 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,500 shares of company stock valued at $1,058,625. 2.00% of the stock is owned by insiders.

Akamai Technologies Stock Performance

Akamai Technologies stock opened at $93.86 on Thursday. The stock has a market cap of $14.10 billion, a PE ratio of 27.77, a P/E/G ratio of 3.60 and a beta of 0.68. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.50. Akamai Technologies, Inc. has a 12-month low of $84.70 and a 12-month high of $129.17. The business’s 50-day moving average price is $98.91 and its two-hundred day moving average price is $96.27.

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.