Capital Analysts LLC Boosts Stock Holdings in Akamai Technologies, Inc. (NASDAQ:AKAM)

Capital Analysts LLC raised its holdings in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 15.5% during the fourth quarter, HoldingsChannel reports. The firm owned 857 shares of the technology infrastructure company’s stock after purchasing an additional 115 shares during the period. Capital Analysts LLC’s holdings in Akamai Technologies were worth $101,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Akamai Technologies by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 17,880,191 shares of the technology infrastructure company’s stock worth $2,134,716,000 after buying an additional 254,437 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Akamai Technologies by 1.4% in the 1st quarter. Geode Capital Management LLC now owns 3,549,920 shares of the technology infrastructure company’s stock worth $277,564,000 after buying an additional 47,727 shares during the last quarter. Legal & General Group Plc grew its position in shares of Akamai Technologies by 5.7% in the 4th quarter. Legal & General Group Plc now owns 2,723,940 shares of the technology infrastructure company’s stock worth $229,628,000 after buying an additional 147,339 shares during the last quarter. Mackenzie Financial Corp grew its position in shares of Akamai Technologies by 3.0% in the 4th quarter. Mackenzie Financial Corp now owns 2,217,918 shares of the technology infrastructure company’s stock worth $186,970,000 after buying an additional 64,041 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Akamai Technologies by 59.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,095,168 shares of the technology infrastructure company’s stock worth $164,052,000 after buying an additional 785,055 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Analyst Ratings Changes

AKAM has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Akamai Technologies from $78.00 to $81.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 14th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $115.00 target price on shares of Akamai Technologies in a research note on Wednesday, February 14th. Robert W. Baird raised shares of Akamai Technologies from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $128.00 to $135.00 in a research report on Thursday, March 7th. KeyCorp boosted their target price on shares of Akamai Technologies from $134.00 to $138.00 and gave the stock an “overweight” rating in a research report on Friday, January 19th. Finally, Piper Sandler boosted their target price on shares of Akamai Technologies from $130.00 to $136.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 14th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $121.27.

Akamai Technologies Stock Performance

Shares of NASDAQ AKAM opened at $100.73 on Friday. The company’s fifty day moving average price is $109.12 and its 200 day moving average price is $112.45. Akamai Technologies, Inc. has a 1 year low of $76.85 and a 1 year high of $129.17. The company has a market capitalization of $15.26 billion, a PE ratio of 28.54, a price-to-earnings-growth ratio of 2.86 and a beta of 0.72. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.16 and a current ratio of 2.16.

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

Insiders Place Their Bets

In other Akamai Technologies news, EVP Anthony P. Williams sold 3,510 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $112.55, for a total transaction of $395,050.50. Following the completion of the transaction, the executive vice president now directly owns 4,299 shares in the company, valued at $483,852.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Anthony P. Williams sold 4,500 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $108.73, for a total value of $489,285.00. Following the completion of the sale, the executive vice president now directly owns 14,938 shares in the company, valued at $1,624,208.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Anthony P. Williams sold 3,510 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $112.55, for a total transaction of $395,050.50. Following the completion of the sale, the executive vice president now owns 4,299 shares of the company’s stock, valued at $483,852.45. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,353 shares of company stock worth $3,688,883. Company insiders own 1.80% of the company’s stock.

About Akamai Technologies

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.