Akamai Technologies, Inc. (NASDAQ:AKAM) Stock Holdings Lifted by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ raised its position in Akamai Technologies, Inc. (NASDAQ:AKAM) by 11.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,331 shares of the technology infrastructure company’s stock after purchasing an additional 3,300 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Akamai Technologies were worth $3,184,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC grew its stake in Akamai Technologies by 5.1% in the third quarter. Geode Capital Management LLC now owns 4,197,009 shares of the technology infrastructure company’s stock valued at $423,066,000 after purchasing an additional 202,746 shares in the last quarter. Nordea Investment Management AB grew its stake in Akamai Technologies by 6.9% in the fourth quarter. Nordea Investment Management AB now owns 2,140,257 shares of the technology infrastructure company’s stock valued at $205,743,000 after purchasing an additional 138,380 shares in the last quarter. Disciplined Growth Investors Inc. MN grew its stake in Akamai Technologies by 6.3% in the third quarter. Disciplined Growth Investors Inc. MN now owns 1,499,760 shares of the technology infrastructure company’s stock valued at $151,401,000 after purchasing an additional 88,732 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Akamai Technologies by 3.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 922,244 shares of the technology infrastructure company’s stock worth $88,213,000 after buying an additional 29,888 shares during the last quarter. Finally, Retirement Systems of Alabama lifted its position in shares of Akamai Technologies by 8.9% in the fourth quarter. Retirement Systems of Alabama now owns 911,528 shares of the technology infrastructure company’s stock worth $87,188,000 after buying an additional 74,373 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Evercore ISI reaffirmed an “outperform” rating and issued a $110.00 price target on shares of Akamai Technologies in a research report on Tuesday, December 17th. Susquehanna reduced their price target on Akamai Technologies from $110.00 to $105.00 and set a “positive” rating for the company in a research report on Friday, February 21st. Bank of America cut Akamai Technologies from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $125.00 to $100.00 in a research report on Friday, February 21st. TD Cowen cut Akamai Technologies from a “buy” rating to a “hold” rating and reduced their price target for the stock from $125.00 to $98.00 in a research report on Friday, February 21st. Finally, Royal Bank of Canada reduced their price target on Akamai Technologies from $100.00 to $90.00 and set a “sector perform” rating for the company in a research report on Friday, February 21st. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $107.55.

Akamai Technologies Trading Up 2.6 %

AKAM stock opened at $80.73 on Monday. Akamai Technologies, Inc. has a 1-year low of $75.50 and a 1-year high of $110.18. The firm has a market cap of $12.14 billion, a P/E ratio of 24.76, a P/E/G ratio of 2.74 and a beta of 0.68. The business’s 50 day moving average is $91.62 and its 200-day moving average is $95.88. 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.

Insider Activity

In related news, 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 transaction of $366,280.00. Following the sale, the executive vice president now directly owns 23,104 shares in the company, valued at $2,115,633.28. This represents a 14.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 price of $79.58 per share, for a total transaction of $2,997,778.60. Following the completion of the transaction, the chief executive officer now owns 137,342 shares in the company, valued at $10,929,676.36. The trade was a 37.79 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 35,394 shares of company stock worth $3,019,323. Company 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.