Andra AP fonden Buys 5,800 Shares of Akamai Technologies, Inc. (NASDAQ:AKAM)

Andra AP fonden raised its stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 725.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,600 shares of the technology infrastructure company’s stock after buying an additional 5,800 shares during the period. Andra AP fonden’s holdings in Akamai Technologies were worth $631,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its holdings in Akamai Technologies by 85.7% during the third quarter. Farther Finance Advisors LLC now owns 247 shares of the technology infrastructure company’s stock valued at $25,000 after buying an additional 114 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in Akamai Technologies during the fourth quarter valued at about $49,000. Bruce G. Allen Investments LLC raised its holdings in Akamai Technologies by 38.8% during the fourth quarter. Bruce G. Allen Investments LLC now owns 554 shares of the technology infrastructure company’s stock valued at $53,000 after buying an additional 155 shares in the last quarter. Wolverine Asset Management LLC bought a new position in Akamai Technologies during the fourth quarter valued at about $57,000. Finally, Jones Financial Companies Lllp raised its holdings in Akamai Technologies by 443.2% during the fourth quarter. Jones Financial Companies Lllp now owns 804 shares of the technology infrastructure company’s stock valued at $77,000 after buying an additional 656 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Robert W. Baird dropped their price objective on Akamai Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a research note on Monday, November 11th. TD Cowen lowered Akamai Technologies from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $125.00 to $98.00 in a research note on Friday, February 21st. UBS Group assumed coverage on Akamai Technologies in a research note on Monday, December 16th. They issued a “neutral” rating and a $110.00 price objective on the stock. Bank of America lowered Akamai Technologies from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $125.00 to $100.00 in a research note on Friday, February 21st. Finally, Evercore ISI reiterated an “outperform” rating and issued a $110.00 price objective on shares of Akamai Technologies in a research note on Tuesday, December 17th. 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Akamai Technologies presently has an average rating of “Moderate Buy” and an average price target of $107.55.

Insider Activity

In other Akamai Technologies news, CEO F Thomson Leighton purchased 37,670 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The shares were acquired at an average cost of $79.58 per share, for a total transaction of $2,997,778.60. Following the transaction, the chief executive officer now directly owns 137,342 shares in the company, valued at approximately $10,929,676.36. The trade was a 37.79 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, EVP Paul C. Joseph sold 4,000 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $91.57, for a total value of $366,280.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 31,896 shares of company stock worth $2,872,496. Company insiders own 1.80% of the company’s stock.

Akamai Technologies Trading Up 5.7 %

AKAM stock opened at $87.52 on Monday. Akamai Technologies, Inc. has a 1-year low of $75.50 and a 1-year high of $113.36. The firm has a market cap of $13.16 billion, a P/E ratio of 26.85, a P/E/G ratio of 2.74 and a beta of 0.68. The business’s 50 day moving average is $93.06 and its 200-day moving average is $96.60. The company has a current ratio of 1.23, a quick ratio of 1.33 and a debt-to-equity ratio of 0.49.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings data on Thursday, February 20th. The technology infrastructure company reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($0.33). Akamai Technologies had a net margin of 12.65% and a return on equity of 14.35%. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. Equities analysts anticipate that Akamai Technologies, Inc. will post 4.6 earnings per share for the current fiscal year.

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.