Akamai Technologies, Inc. (NASDAQ:AKAM) Rating Downgraded by Harel Insurance Investments & Financial Services Ltd.


The lowest price of shares of Akamai Technologies, Inc.NASDAQ: AKAMGet Votes) and 49.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 935 shares of the technology company’s stock after selling 907 shares during the period. Harel Insurance Investments & Financial Services Ltd. in Akamai Technologies was worth $112,000 as of its most recent filing with the SEC.

Many other major retailers have also changed the way they store their products. Mutual of America Capital Management LLC lifted its position in shares of Akamai Technologies by 1.1% in the first quarter. Mutual of America Capital Management LLC now owns 21,687 shares of the technology company’s stock worth $2,589,000 after purchasing an additional 229 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of Akamai Technologies by 7.1% in the first quarter. Steward Partners Investment Advisory LLC now owns 3,392 shares of the technology company’s stock valued at $405,000 after buying an additional 226 shares in the last quarter. Phoenix Wealth Advisors raised its position in shares of Akamai Technologies by 7.6% in the first quarter. Phoenix Wealth Advisors now owns 2,336 shares of the technology company’s stock valued at $279,000 after buying an additional 164 shares during the last quarter. Park Avenue Securities LLC lifted its position in shares of Akamai Technologies by 8.5% in the first quarter. Park Avenue Securities LLC now owns 4,856 shares of the technology company’s stock valued at $580,000 after buying an additional 380 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its position in shares of Akamai Technologies by 19.4% in the first quarter. Nisa Investment Advisors LLC now owns 111,116 shares of the technology company’s stock valued at $13,266,000 after buying an additional 18,031 shares in the last quarter. Institutional investors own 91.05% of the company’s stock.

Insider Activity at Akamai Technologies

In other Akamai Technologies news, EVP Paul C. Joseph sold 12,500 shares of Akamai Technologies stock in a transaction that occurred on Tuesday, May 10th. The shares were traded at an average price of $95.22, for a total value of $1,190,250.00. Following the acquisition, the executive vice president now owns 32,573 shares in the company, valued at $3,101,601.06. The transaction was disclosed in a document issued by the SEC, which is available this link. In other Akamai Technologies news, EVP Paul C. Joseph sold 12,500 shares of Akamai Technologies stock in a transaction that occurred on Tuesday, May 10th. The shares were traded at an average price of $95.22, for a total value of $1,190,250.00. Following the acquisition, the executive vice president now owns 32,573 shares in the company, valued at $3,101,601.06. The transaction was disclosed in a document issued by the SEC, which is available this link. Also, CTO Robert Blumoff sold 5,000 shares of Akamai Technologies stock in a transaction that occurred on Friday, May 13th. The stock was sold at a price of $97.68, for a total transaction of $488,400.00. Following the completion of the transaction, the chief technology officer now owns 19,725 shares in the company, valued at approximately $1,926,738. Disclosures for these products can be found Here. Investors own 1.70% of the company’s stock.

Company Opinion Akamai Technologies Price Performance

NASDAQ AKAM opened at $94.13 on Monday. Akamai Technologies, Inc. it has a 12-month low of $85.90 and a 12-month high of $123.25. The company has a debt ratio of 0.53, a current ratio of 1.68 and a quick ratio of 1.68. The company has a market capitalization of $15.09 billion, a PE ratio of 25.30, a P/E/G ratio of 1.85 and a beta of 0.65. The company’s 50-day moving average is $94.58 and its 200-day moving average is $105.97.

Akamai Technologies (NASDAQ: AKAMGet Votes) last posted its quarterly earnings results on Tuesday, May 3. The technology company reported $1.12 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.01). Akamai Technologies had a margin of 17.46% and a return of 17.42%. The company had revenue of $903.65 million for the quarter, compared to analyst estimates of $904.89 million. During the same period last year, the business earned $1.10 EPS. Akamai Technologies’ revenue was up 7.2% compared to the same quarter last year. As a group, equities research analysts have predicted that Akamai Technologies, Inc. will post 4.25 EPS for the fiscal year.

Researchers Set New Price Targets

Several brokerages have issued reports on AKAM. Cowen cut their price target on shares of Akamai Technologies from $186.00 to $164.00 in a report on Wednesday, May 4th. Piper Sandler cut their price target on shares of Akamai Technologies from $118.00 to $102.00 and set a “neutral” rating on the stock in a report on Wednesday, July 6th. StockNews.com began coverage on shares of Akamai Technologies in a report on Thursday, March 31st. They gave a “buy” rating on the stock. Raymond James cut their target price on shares of Akamai Technologies from $118.00 to $115.00 in a report on Wednesday, May 4th. Finally, Citigroup cut shares of Akamai Technologies from a “buy” rating to a “neutral” rating and cut their target price from $118.00 to $115.00 in a report on Wednesday, May 4th. $105.00 in Friday’s report. One analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Akamai Technologies currently has a “Hold” rating and a consensus price target of $123.42.

More on Akamai Technologies

(Get Votes)

Akamai Technologies, Inc provides cloud services for securing, delivering, and optimizing business content and services over the Internet in the United States and around the world. The company provides cloud solutions to keep infrastructure, websites, applications, application environments, and users safe from various cyberattacks and online threats while improving operational efficiency.

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