Blair William & Co. IL Has $4.83 Million Position in Akamai Technologies, Inc. (NASDAQ:AKAM)

Blair William & Co. IL lowered its holdings in Akamai Technologies, Inc. (NASDAQ:AKAM) by 12.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,497 shares of the technology infrastructure company’s stock after selling 7,013 shares during the quarter. Blair William & Co. IL’s holdings in Akamai Technologies were worth $4,830,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. National Pension Service grew its stake in shares of Akamai Technologies by 595.3% in the 4th quarter. National Pension Service now owns 318,912 shares of the technology infrastructure company’s stock valued at $30,504,000 after purchasing an additional 273,043 shares during the period. Geode Capital Management LLC boosted its stake in Akamai Technologies by 5.1% in the 3rd quarter. Geode Capital Management LLC now owns 4,197,009 shares of the technology infrastructure company’s stock valued at $423,066,000 after buying an additional 202,746 shares in the last quarter. Tredje AP fonden boosted its stake in Akamai Technologies by 580.4% in the 4th quarter. Tredje AP fonden now owns 169,777 shares of the technology infrastructure company’s stock valued at $16,239,000 after buying an additional 144,823 shares in the last quarter. Retirement Systems of Alabama grew its position in Akamai Technologies by 20.0% in the third quarter. Retirement Systems of Alabama now owns 837,155 shares of the technology infrastructure company’s stock valued at $84,511,000 after acquiring an additional 139,760 shares during the period. Finally, Nordea Investment Management AB raised its stake in Akamai Technologies by 6.9% during the fourth quarter. Nordea Investment Management AB now owns 2,140,257 shares of the technology infrastructure company’s stock worth $205,743,000 after acquiring an additional 138,380 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Insider Activity

In other Akamai Technologies news, EVP Paul C. Joseph sold 4,000 shares of the 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 transaction, the executive vice president now owns 23,104 shares in the company, valued at $2,115,633.28. This trade represents a 14.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO F Thomson Leighton bought 37,670 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were purchased at an average cost of $79.58 per share, with a total value of $2,997,778.60. Following the acquisition, 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 position. The disclosure for this purchase can be found here. Insiders have sold 35,394 shares of company stock valued at $3,019,323 over the last ninety days. 1.80% of the stock is currently owned by company insiders.

Akamai Technologies Trading Down 1.9 %

Akamai Technologies stock opened at $80.05 on Monday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.33 and a current ratio of 1.23. The stock has a 50-day simple moving average of $89.69 and a 200 day simple moving average of $94.68. The stock has a market capitalization of $12.03 billion, a P/E ratio of 24.56, 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 $109.98.

Akamai Technologies (NASDAQ:AKAM) last posted 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 business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. Analysts expect that Akamai Technologies, Inc. will post 4.6 earnings per share for the current year.

Analysts Set New Price Targets

AKAM has been the topic of several analyst reports. Piper Sandler lowered shares of Akamai Technologies from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $112.00 to $100.00 in a report on Friday, February 21st. UBS Group assumed coverage on shares of Akamai Technologies in a research note on Monday, December 16th. They set a “neutral” rating and a $110.00 price objective on the stock. Craig Hallum cut shares of Akamai Technologies from a “buy” rating to a “hold” rating and set a $90.00 target price for the company. in a research note on Friday, February 21st. Bank of America downgraded Akamai Technologies from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $125.00 to $100.00 in a report on Friday, February 21st. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Akamai Technologies in a report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Akamai Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $106.55.

Akamai Technologies 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.