Xponance Inc. Has $2.04 Million Holdings in Akamai Technologies, Inc. (NASDAQ:AKAM)

Xponance Inc. grew its holdings in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 2.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,281 shares of the technology infrastructure company’s stock after purchasing an additional 411 shares during the period. Xponance Inc.’s holdings in Akamai Technologies were worth $2,036,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new position in shares of Akamai Technologies during the 4th quarter worth approximately $49,000. Bruce G. Allen Investments LLC grew its position in shares of Akamai Technologies by 38.8% during the 4th quarter. Bruce G. Allen Investments LLC now owns 554 shares of the technology infrastructure company’s stock worth $53,000 after purchasing an additional 155 shares in the last quarter. Wolverine Asset Management LLC acquired a new position in shares of Akamai Technologies during the 4th quarter worth approximately $57,000. TCTC Holdings LLC grew its position in shares of Akamai Technologies by 17.0% during the 4th quarter. TCTC Holdings LLC now owns 702 shares of the technology infrastructure company’s stock worth $67,000 after purchasing an additional 102 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its position in shares of Akamai Technologies by 443.2% during the 4th quarter. Jones Financial Companies Lllp now owns 804 shares of the technology infrastructure company’s stock worth $77,000 after acquiring an additional 656 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Akamai Technologies Price Performance

AKAM stock opened at $81.04 on Friday. The company has a fifty day moving average price of $90.58 and a 200-day moving average price of $95.28. The company has a market capitalization of $12.18 billion, a P/E ratio of 24.86, a PEG ratio of 2.74 and a beta of 0.68. Akamai Technologies, Inc. has a 52-week low of $75.50 and a 52-week high of $110.14. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.33 and a current ratio of 1.23.

Akamai Technologies (NASDAQ:AKAM) last announced its earnings results on Thursday, February 20th. The technology infrastructure company reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.33). Akamai Technologies had a return on equity of 14.35% and a net margin of 12.65%. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. As a group, equities analysts expect that Akamai Technologies, Inc. will post 4.6 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on AKAM shares. Oppenheimer started coverage on shares of Akamai Technologies in a research report on Thursday. They set an “outperform” rating and a $100.00 price target on the stock. Piper Sandler lowered shares of Akamai Technologies from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $112.00 to $100.00 in a research report on Friday, February 21st. Scotiabank reduced their price target on shares of Akamai Technologies from $115.00 to $107.00 and set a “sector outperform” rating on the stock in a research report on Friday, February 21st. Needham & Company LLC reiterated a “hold” rating on shares of Akamai Technologies in a research report on Friday, February 21st. Finally, JPMorgan Chase & Co. reduced their price target on shares of Akamai Technologies from $76.00 to $72.00 and set an “underweight” rating on the stock in a research report on Friday, February 21st. One research analyst has rated the stock with a sell rating, ten have given a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $106.55.

Insider Buying and Selling

In other news, CEO F Thomson Leighton bought 37,670 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was acquired at an average price of $79.58 per share, with a total value of $2,997,778.60. Following the completion of the purchase, the chief executive officer now directly owns 137,342 shares of the company’s stock, valued at approximately $10,929,676.36. This represents a 37.79 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Paul C. Joseph sold 4,000 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $91.57, for a total transaction of $366,280.00. Following the completion of the sale, the executive vice president now owns 23,104 shares of the company’s stock, valued at $2,115,633.28. The trade was a 14.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,394 shares of company stock valued at $3,019,323 over the last quarter. Insiders own 1.80% of the company’s stock.

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.