From MarketBeat:

Fjarde AP Fonden Fourth Swedish National Pension Fund cut its holdings in Akamai Technologies by 11.1% in the third quarter, owning 89,534 shares worth $9,539,000. Many other institutional investors increased Akamai’s stock. 91.40% of the stock is owned by hedge funds and other institutional investors.

In other news, Akamai Technologies CTO Robert Blumofe sold 2,000 shares at an average price of $111.47, totaling $222,940. He now owns 15,609 shares worth $1,739,935.

Several analysts have weighed in on AKAM shares, including Citigroup and Guggenheim. On Monday, shares of AKAM opened at $118.35. Akamai reported $0.98 EPS for the quarter with $965.48 million in revenue.

Akamai Technologies provides cloud services for securing, delivering, and computing content and applications over the internet. The company offers cloud solutions to keep infrastructure, websites, applications, APIs, and users safe from cyberattacks and online threats while enhancing performance.



Read more: Fjarde AP Fonden Fourth Swedish National Pension Fund Trims Position in Akamai Technologies, Inc. (NASDAQ:AKAM)