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Vanguard Group Inc. Sells 26,659 Shares of Akamai Technologies, Inc. $AKAM
Vanguard Group Inc. has reduced its stake in Akamai Technologies, Inc. by selling 26,659 shares during the fourth quarter, retaining 18,350,100 shares valued at over $1.6 billion. Other institutional investors have also adjusted their positions, and 94.28% of the company’s stock is institutionally owned. Akamai Technologies recently reported strong quarterly earnings, beating analyst estimates, and several analysts have updated their price targets for the stock.