Akamai Technologies, Inc. (NASDAQ:AKAM) Shares Acquired by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. boosted its holdings in shares of Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 7.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,958 shares of the technology infrastructure company's stock after acquiring an additional 4,331 shares during the period. Asset Management One Co. Ltd.'s holdings in Akamai Technologies were worth $5,717,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of AKAM. Geode Capital Management LLC boosted its position in shares of Akamai Technologies by 5.1% during 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 acquiring an additional 202,746 shares during the last quarter. Nordea Investment Management AB boosted its holdings in Akamai Technologies by 6.9% in the 4th 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 during the last quarter. Disciplined Growth Investors Inc. MN boosted its holdings in Akamai Technologies by 6.3% in the 3rd 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 during the last quarter. Retirement Systems of Alabama grew its stake in shares of Akamai Technologies by 8.9% in the 4th quarter. Retirement Systems of Alabama now owns 911,528 shares of the technology infrastructure company's stock valued at $87,188,000 after buying an additional 74,373 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Akamai Technologies by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 892,356 shares of the technology infrastructure company's stock worth $90,083,000 after buying an additional 11,272 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company's stock.

Insider Buying and Selling

In other Akamai Technologies news, CFO Edward J. Mcgowan sold 10,782 shares of the firm's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $98.71, for a total transaction of $1,064,291.22. Following the sale, the chief financial officer now owns 12,716 shares of the company's stock, valued at approximately $1,255,196.36. This trade represents a 45.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Paul C. Joseph sold 4,000 shares of the company's stock in a transaction 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 of the company's stock, valued at approximately $2,115,633.28. The trade was a 14.76 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,782 shares of company stock worth $1,523,951. Corporate insiders own 1.80% of the company's stock.

Akamai Technologies Stock Down 21.7 %

Shares of Akamai Technologies stock traded down $21.30 on Friday, reaching $76.73. 20,719,331 shares of the company were exchanged, compared to its average volume of 2,321,629. The stock's 50 day moving average price is $96.60 and its 200-day moving average price is $97.96. The company has a market cap of $11.53 billion, a P/E ratio of 22.70, a price-to-earnings-growth ratio of 3.58 and a beta of 0.65. Akamai Technologies, Inc. has a 1-year low of $76.50 and a 1-year high of $113.36. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.33 and a quick ratio of 1.33.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The technology infrastructure company reported $1.19 EPS for the quarter, missing the consensus estimate of $1.52 by ($0.33). Akamai Technologies had a return on equity of 14.63% and a net margin of 13.27%. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. As a group, equities analysts forecast that Akamai Technologies, Inc. will post 4.28 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently weighed in on AKAM shares. Oppenheimer upgraded Akamai Technologies from a "market perform" rating to an "outperform" rating and set a $120.00 price objective for the company in a research report on Monday, December 2nd. Craig Hallum cut Akamai Technologies from a "buy" rating to a "hold" rating and set a $90.00 price target for the company. in a report on Friday. TD Cowen lowered shares of Akamai Technologies from a "buy" rating to a "hold" rating and reduced their price objective for the company from $125.00 to $98.00 in a report on Friday. Raymond James decreased their target price on shares of Akamai Technologies from $115.00 to $110.00 and set an "outperform" rating on the stock in a research report on Friday. Finally, Bank of America cut shares of Akamai Technologies from a "buy" rating to a "neutral" rating and dropped their price target for the company from $125.00 to $100.00 in a research report on Friday. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $107.90.

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.