Desjardins Global Asset Management Inc. Acquires 154 Shares of Akamai Technologies, Inc. (NASDAQ:AKAM)

Desjardins Global Asset Management Inc. lifted its holdings in Akamai Technologies, Inc. (NASDAQ:AKAM) by 8.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,012 shares of the technology infrastructure company’s stock after purchasing an additional 154 shares during the quarter. Desjardins Global Asset Management Inc.’s holdings in Akamai Technologies were worth $238,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Ancora Advisors LLC grew its position in shares of Akamai Technologies by 103.3% in the 1st quarter. Ancora Advisors LLC now owns 250 shares of the technology infrastructure company’s stock valued at $25,000 after purchasing an additional 127 shares during the period. Planned Solutions Inc. acquired a new position in shares of Akamai Technologies in the 4th quarter valued at approximately $37,000. Headinvest LLC acquired a new position in shares of Akamai Technologies in the 3rd quarter valued at approximately $40,000. Belpointe Asset Management LLC grew its position in shares of Akamai Technologies by 50.1% in the 1st quarter. Belpointe Asset Management LLC now owns 509 shares of the technology infrastructure company’s stock valued at $40,000 after purchasing an additional 170 shares during the period. Finally, Turtle Creek Wealth Advisors LLC acquired a new position in shares of Akamai Technologies in the 4th quarter valued at approximately $43,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on AKAM shares. JPMorgan Chase & Co. boosted their target price on Akamai Technologies from $78.00 to $81.00 and gave the company an “underweight” rating in a research note on Wednesday, February 14th. KeyCorp boosted their target price on Akamai Technologies from $134.00 to $138.00 and gave the company an “overweight” rating in a research note on Friday, January 19th. HSBC cut Akamai Technologies from a “hold” rating to a “reduce” rating and cut their target price for the company from $109.00 to $96.00 in a research note on Thursday, February 15th. Piper Sandler boosted their target price on Akamai Technologies from $130.00 to $136.00 and gave the company an “overweight” rating in a research note on Wednesday, February 14th. Finally, StockNews.com upgraded Akamai Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, January 25th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $121.27.

Insider Buying and Selling at Akamai Technologies

In other Akamai Technologies news, CMO Kim Salem-Jackson sold 2,600 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $123.30, for a total value of $320,580.00. Following the transaction, the chief marketing officer now directly owns 27,663 shares of the company’s stock, valued at approximately $3,410,847.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Akamai Technologies news, CMO Kim Salem-Jackson sold 2,600 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $123.30, for a total value of $320,580.00. Following the transaction, the chief marketing officer now directly owns 27,663 shares of the company’s stock, valued at approximately $3,410,847.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 value 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 disclosure for this sale can be found here. Insiders have sold a total of 33,353 shares of company stock valued at $3,688,883 in the last ninety days. 1.80% of the stock is currently owned by corporate insiders.

Akamai Technologies Stock Up 0.4 %

AKAM opened at $100.73 on Friday. Akamai Technologies, Inc. has a 1-year low of $76.85 and a 1-year high of $129.17. The stock’s fifty day simple moving average is $109.12 and its 200 day simple moving average is $112.45. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.77. The stock has a market cap 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.

Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings results 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. Akamai Technologies had a return on equity of 14.90% and a net margin of 14.37%. The business had revenue of $995.00 million for the quarter, compared to analysts’ expectations of $999.09 million. During the same quarter in the prior year, the business earned $1.01 EPS. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. As a group, research analysts expect that Akamai Technologies, Inc. will post 4.84 earnings per share 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.