Grantham Mayo Van Otterloo & Co. LLC Has $11.57 Million Stock Position in Akamai Technologies, Inc. (NASDAQ:AKAM)

Grantham Mayo Van Otterloo & Co. LLC lessened its holdings in Akamai Technologies, Inc. (NASDAQ:AKAM) by 57.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 120,950 shares of the technology infrastructure company’s stock after selling 164,760 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned 0.08% of Akamai Technologies worth $11,569,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of AKAM. 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. Orion Portfolio Solutions LLC boosted its stake in shares of Akamai Technologies by 0.6% in the fourth quarter. Orion Portfolio Solutions LLC now owns 19,991 shares of the technology infrastructure company’s stock valued at $1,912,000 after buying an additional 114 shares during the period. Koshinski Asset Management Inc. grew its position in Akamai Technologies by 1.5% during the fourth quarter. Koshinski Asset Management Inc. now owns 7,867 shares of the technology infrastructure company’s stock worth $752,000 after buying an additional 116 shares in the last quarter. Delta Capital Management LLC grew its position in Akamai Technologies by 4.5% during the fourth quarter. Delta Capital Management LLC now owns 2,790 shares of the technology infrastructure company’s stock worth $267,000 after buying an additional 120 shares in the last quarter. Finally, Tandem Investment Advisors Inc. increased its stake in Akamai Technologies by 0.5% during the 4th quarter. Tandem Investment Advisors Inc. now owns 30,096 shares of the technology infrastructure company’s stock worth $2,879,000 after acquiring an additional 140 shares during the period. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Akamai Technologies news, EVP Paul C. Joseph sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $91.57, for a total transaction of $366,280.00. Following the completion of the transaction, the executive vice president now owns 23,104 shares in the company, valued at approximately $2,115,633.28. This trade represents a 14.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Edward J. Mcgowan sold 4,652 shares of the company’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $86.48, for a total transaction of $402,304.96. Following the completion of the sale, the chief financial officer now directly owns 34,510 shares in the company, valued at approximately $2,984,424.80. This represents a 11.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 35,394 shares of company stock valued at $3,019,323 over the last ninety days. 1.80% of the stock is owned by company insiders.

Akamai Technologies Trading Down 6.5 %

Shares of NASDAQ AKAM opened at $73.69 on Monday. The firm has a 50 day moving average price of $88.11 and a two-hundred day moving average price of $94.01. The stock has a market cap of $11.08 billion, a P/E ratio of 22.60, a price-to-earnings-growth ratio of 2.74 and a beta of 0.80. Akamai Technologies, Inc. has a 52-week low of $69.48 and a 52-week high of $107.60. 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 posted its quarterly earnings data 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). The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. Akamai Technologies had a net margin of 12.65% and a return on equity of 14.35%. As a group, equities analysts forecast that Akamai Technologies, Inc. will post 4.6 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on AKAM shares. Scotiabank reduced their target price on Akamai Technologies from $115.00 to $107.00 and set a “sector outperform” rating on the stock in a report on Friday, February 21st. Bank of America downgraded shares of Akamai Technologies from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $125.00 to $100.00 in a research note on Friday, February 21st. Raymond James dropped their target price on shares of Akamai Technologies from $115.00 to $110.00 and set an “outperform” rating for the company in a research report on Friday, February 21st. TD Cowen downgraded shares of Akamai Technologies from a “buy” rating to a “hold” rating and cut their price target for the stock from $125.00 to $98.00 in a report on Friday, February 21st. Finally, Needham & Company LLC reissued a “hold” rating on shares of Akamai Technologies in a research note on Friday, February 21st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $106.55.

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.