Brown Brothers Harriman & Co. Has $53,000 Position in Akamai Technologies, Inc. (NASDAQ:AKAM)

Brown Brothers Harriman & Co. trimmed its stake in Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 91.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 553 shares of the technology infrastructure company's stock after selling 5,659 shares during the quarter. Brown Brothers Harriman & Co.'s holdings in Akamai Technologies were worth $53,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of AKAM. SBI Securities Co. Ltd. purchased a new stake in shares of Akamai Technologies in the 4th quarter valued at approximately $49,000. Bruce G. Allen Investments LLC raised its stake in 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 valued at $53,000 after purchasing an additional 155 shares during the period. Wolverine Asset Management LLC acquired a new stake in shares of Akamai Technologies in the fourth quarter worth $57,000. TCTC Holdings LLC boosted its position in shares of Akamai Technologies by 17.0% in the fourth quarter. TCTC Holdings LLC now owns 702 shares of the technology infrastructure company's stock worth $67,000 after buying an additional 102 shares during the period. Finally, Jones Financial Companies Lllp grew its holdings in shares of 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 owned by institutional investors and hedge funds.

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Insider Buying and Selling at Akamai Technologies

In other Akamai Technologies news, EVP Aaron Ahola sold 4,000 shares of the firm's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $80.92, for a total value of $323,680.00. Following the sale, the executive vice president now directly owns 25,211 shares in the company, valued at $2,040,074.12. This trade represents a 13.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Edward J. Mcgowan sold 4,652 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $86.48, for a total transaction of $402,304.96. Following the transaction, the chief financial officer now directly owns 34,510 shares of the company's stock, valued at $2,984,424.80. This represents a 11.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,394 shares of company stock valued at $3,019,323 in the last 90 days. 1.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have commented on AKAM. Evercore ISI restated an "outperform" rating and set a $110.00 price objective on shares of Akamai Technologies in a research report on Tuesday, December 17th. Craig Hallum lowered shares of Akamai Technologies from a "buy" rating to a "hold" rating and set a $90.00 price target for the company. in a research report on Friday, February 21st. JPMorgan Chase & Co. lowered their price objective 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. UBS Group began coverage on shares of Akamai Technologies in a research report on Monday, December 16th. They issued a "neutral" rating and a $110.00 target price for the company. Finally, Scotiabank lowered 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 report on Friday, February 21st. One analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $106.55.

Akamai Technologies Stock Performance

Shares of NASDAQ AKAM traded down $2.76 during trading hours on Monday, hitting $70.93. 3,467,799 shares of the stock were exchanged, compared to its average volume of 1,891,012. Akamai Technologies, Inc. has a one year low of $69.50 and a one year high of $107.60. The company's 50 day moving average is $87.53 and its 200 day moving average is $93.81. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.23 and a quick ratio of 1.33. The firm has a market capitalization of $10.66 billion, a P/E ratio of 21.76, a P/E/G ratio of 2.74 and a beta of 0.80.

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

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.