Howland Capital Management LLC Decreases Stock Position in Akamai Technologies, Inc. (NASDAQ:AKAM)

Howland Capital Management LLC lessened its holdings in Akamai Technologies, Inc. (NASDAQ:AKAM) by 17.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,775 shares of the technology infrastructure company’s stock after selling 825 shares during the quarter. Howland Capital Management LLC’s holdings in Akamai Technologies were worth $361,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Farther Finance Advisors LLC boosted its stake in Akamai Technologies by 85.7% in the 3rd 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. Bruce G. Allen Investments LLC lifted its stake in shares of 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 worth $53,000 after buying an additional 155 shares during the period. Eastern Bank purchased a new stake in shares of Akamai Technologies during the third quarter valued at $71,000. Covestor Ltd increased its position in shares of Akamai Technologies by 67.7% in the 3rd quarter. Covestor Ltd now owns 887 shares of the technology infrastructure company’s stock valued at $90,000 after acquiring an additional 358 shares during the period. Finally, Catalyst Capital Advisors LLC purchased a new position in Akamai Technologies in the 3rd quarter worth $102,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Akamai Technologies Trading Up 0.0 %

AKAM stock opened at $99.64 on Monday. 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 is $96.30 and its 200 day moving average is $97.76. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.50. The stock has a market cap of $14.97 billion, a price-to-earnings ratio of 29.48, a PEG ratio of 3.56 and a beta of 0.65.

Wall Street Analyst Weigh In

Several analysts have weighed in on AKAM shares. Hsbc Global Res upgraded Akamai Technologies from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 11th. 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. UBS Group began coverage on shares of Akamai Technologies in a research note on Monday, December 16th. They set a “neutral” rating and a $110.00 price objective for the company. HSBC raised shares of Akamai Technologies from a “hold” rating to a “buy” rating and set a $121.00 price objective on the stock in a report on Monday, November 11th. Finally, Robert W. Baird decreased their target price on shares of Akamai Technologies from $120.00 to $115.00 and set an “outperform” rating for the company in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $116.10.

Insider Activity

In other news, Director William Raymond Wagner sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $93.38, for a total value of $93,380.00. Following the completion of the sale, the director now directly owns 15,719 shares in the company, valued at $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 Securities & Exchange Commission, which is available at this link. Also, CFO Edward J. Mcgowan sold 10,782 shares of Akamai Technologies 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 transaction, the chief financial officer now owns 12,716 shares in the company, valued at approximately $1,255,196.36. The trade was a 45.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,282 shares of company stock worth $2,099,996 over the last quarter. 1.80% of the stock is currently owned by corporate insiders.

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.