Hartford Investment Management Co. Has $886,000 Stock Holdings in Akamai Technologies, Inc. (NASDAQ:AKAM)

Hartford Investment Management Co. trimmed its holdings in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 2.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,263 shares of the technology infrastructure company’s stock after selling 266 shares during the period. Hartford Investment Management Co.’s holdings in Akamai Technologies were worth $886,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Farther Finance Advisors LLC increased its holdings in shares of Akamai Technologies by 85.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 247 shares of the technology infrastructure company’s stock valued at $25,000 after purchasing an additional 114 shares during the period. Bruce G. Allen Investments LLC grew its position in Akamai Technologies by 38.8% during the fourth quarter. Bruce G. Allen Investments LLC now owns 554 shares of the technology infrastructure company’s stock valued at $53,000 after purchasing an additional 155 shares in the last quarter. Eastern Bank acquired a new position in Akamai Technologies in the 3rd quarter valued at approximately $71,000. Covestor Ltd lifted its position 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. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of Akamai Technologies during the 3rd quarter valued at $102,000. 94.28% of the stock is owned by hedge funds and other institutional investors.

Akamai Technologies Stock Performance

NASDAQ:AKAM opened at $100.01 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.33 and a current ratio of 1.33. The firm’s 50-day moving average is $96.60 and its 200-day moving average is $97.88. Akamai Technologies, Inc. has a 52-week low of $84.70 and a 52-week high of $114.67. The company has a market cap of $15.02 billion, a price-to-earnings ratio of 29.59, a PEG ratio of 3.56 and a beta of 0.65.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AKAM. Evercore ISI reaffirmed an “outperform” rating and issued a $110.00 price target on shares of Akamai Technologies in a research note on Tuesday, December 17th. Hsbc Global Res upgraded shares of Akamai Technologies from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 11th. UBS Group started coverage on shares of Akamai Technologies in a research note on Monday, December 16th. They set a “neutral” rating and a $110.00 price target on the stock. Scotiabank cut their price target on shares of Akamai Technologies from $115.00 to $112.00 and set a “sector outperform” rating on the stock in a report on Friday, November 8th. Finally, Citigroup decreased their price objective 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. Six analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $117.95.

Insider Activity at Akamai Technologies

In other Akamai Technologies news, Director William Raymond Wagner sold 1,000 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $93.38, for a total value of $93,380.00. Following the sale, the director now owns 15,719 shares of the company’s stock, valued at $1,467,840.22. The trade was a 5.98 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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 transaction, the chief financial officer now directly owns 12,716 shares of the company’s stock, valued at $1,255,196.36. The trade was a 45.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,782 shares of company stock worth $1,523,951 over the last three months. Company insiders own 1.80% of the company’s stock.

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.