Capital Analysts LLC Increases Stake in Akamai Technologies, Inc. (NASDAQ:AKAM)

Capital Analysts LLC lifted its stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 15.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 857 shares of the technology infrastructure company’s stock after buying an additional 115 shares during the quarter. Capital Analysts LLC’s holdings in Akamai Technologies were worth $101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Raymond James Financial Services Advisors Inc. increased its position in shares of Akamai Technologies by 0.3% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 34,816 shares of the technology infrastructure company’s stock valued at $4,120,000 after buying an additional 97 shares during the period. ORG Partners LLC increased its position in shares of Akamai Technologies by 16.7% during the fourth quarter. ORG Partners LLC now owns 700 shares of the technology infrastructure company’s stock valued at $83,000 after buying an additional 100 shares during the period. Private Trust Co. NA increased its position in shares of Akamai Technologies by 17.9% during the fourth quarter. Private Trust Co. NA now owns 711 shares of the technology infrastructure company’s stock valued at $84,000 after buying an additional 108 shares during the period. Xponance Inc. increased its position in shares of Akamai Technologies by 0.5% during the third quarter. Xponance Inc. now owns 20,620 shares of the technology infrastructure company’s stock valued at $2,197,000 after buying an additional 110 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Akamai Technologies by 0.7% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 16,517 shares of the technology infrastructure company’s stock valued at $1,760,000 after buying an additional 116 shares during the period. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Insider Activity at Akamai Technologies

In related news, CMO Kim Salem-Jackson sold 2,600 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $123.30, for a total transaction of $320,580.00. Following the transaction, the chief marketing officer now owns 27,663 shares in the company, valued at $3,410,847.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Akamai Technologies news, EVP Anthony P. Williams sold 4,500 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $108.73, for a total transaction of $489,285.00. Following the completion of the sale, the executive vice president now directly owns 14,938 shares of the company’s stock, valued at $1,624,208.74. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CMO Kim Salem-Jackson sold 2,600 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $123.30, for a total transaction of $320,580.00. Following the sale, the chief marketing officer now directly owns 27,663 shares of the company’s stock, valued at $3,410,847.90. The disclosure for this sale can be found here. Insiders have sold a total of 33,353 shares of company stock worth $3,688,883 over the last quarter. Company insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Piper Sandler boosted their price objective on shares of Akamai Technologies from $130.00 to $136.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 14th. KeyCorp boosted their price objective on shares of Akamai Technologies from $134.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday, January 19th. StockNews.com raised shares of Akamai Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, January 25th. HSBC lowered shares of Akamai Technologies from a “hold” rating to a “reduce” rating and dropped their price objective for the stock from $109.00 to $96.00 in a research note on Thursday, February 15th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $115.00 price objective on shares of Akamai Technologies in a research note on Wednesday, February 14th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $121.27.

Akamai Technologies Stock Up 0.4 %

Shares of Akamai Technologies stock opened at $100.73 on Friday. The company has a market cap of $15.26 billion, a price-to-earnings ratio of 28.54, a price-to-earnings-growth ratio of 2.86 and a beta of 0.72. The company’s 50 day moving average is $109.12 and its 200 day moving average is $112.45. Akamai Technologies, Inc. has a twelve month low of $76.85 and a twelve month high of $129.17. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.77.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings data on Tuesday, February 13th. The technology infrastructure company reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.10. The company had revenue of $995.00 million for the quarter, compared to the consensus estimate of $999.09 million. Akamai Technologies had a net margin of 14.37% and a return on equity of 14.90%. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.01 earnings per share. Research analysts anticipate that Akamai Technologies, Inc. will post 4.84 EPS for the current year.

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.