AXQ Capital LP Makes New $365,000 Investment in Akamai Technologies, Inc. (NASDAQ:AKAM)

AXQ Capital LP bought a new position in Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 3,815 shares of the technology infrastructure company's stock, valued at approximately $365,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new stake in shares of Akamai Technologies during the 4th quarter valued at $49,000. Bruce G. Allen Investments LLC increased its stake in Akamai Technologies by 38.8% in the 4th quarter. Bruce G. Allen Investments LLC now owns 554 shares of the technology infrastructure company's stock worth $53,000 after buying an additional 155 shares in the last quarter. Wolverine Asset Management LLC purchased a new stake in Akamai Technologies in the 4th quarter worth $57,000. TCTC Holdings LLC raised its holdings in Akamai Technologies by 17.0% during the fourth quarter. TCTC Holdings LLC now owns 702 shares of the technology infrastructure company's stock valued at $67,000 after acquiring an additional 102 shares during the period. Finally, Jones Financial Companies Lllp lifted its position in shares of Akamai Technologies by 443.2% in the fourth quarter. Jones Financial Companies Lllp now owns 804 shares of the technology infrastructure company's stock valued at $77,000 after acquiring an additional 656 shares in the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Akamai Technologies

In other Akamai Technologies news, EVP Paul C. Joseph sold 4,000 shares of the business's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $91.57, for a total value of $366,280.00. Following the completion of the sale, the executive vice president now directly owns 23,104 shares of the company's stock, valued at $2,115,633.28. The trade was a 14.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Edward J. Mcgowan sold 4,652 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was 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 in the company, valued at approximately $2,984,424.80. This trade represents a 11.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,394 shares of company stock worth $3,019,323 in the last quarter. 2.00% of the stock is owned by company insiders.

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Analysts Set New Price Targets

AKAM has been the topic of several recent analyst reports. Oppenheimer assumed coverage on Akamai Technologies in a research note on Thursday, March 20th. They set an "outperform" rating and a $100.00 target price on the stock. Royal Bank of Canada decreased their price target on shares of Akamai Technologies from $100.00 to $90.00 and set a "sector perform" rating on the stock in a research note on Friday, February 21st. Raymond James cut their price objective on Akamai Technologies from $115.00 to $110.00 and set an "outperform" rating for the company in a research report on Friday, February 21st. Evercore ISI reiterated an "outperform" rating and issued a $110.00 target price on shares of Akamai Technologies in a research report on Tuesday, December 17th. Finally, Bank of America cut Akamai Technologies from a "buy" rating to a "neutral" rating and cut their price target for the company from $125.00 to $100.00 in a report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Akamai Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $106.55.

Akamai Technologies Trading Up 0.1 %

Shares of AKAM traded up $0.09 during midday trading on Thursday, hitting $81.56. The stock had a trading volume of 1,191,920 shares, compared to its average volume of 1,832,585. The stock's 50 day moving average is $90.09 and its 200 day moving average is $94.90. The firm has a market cap of $12.26 billion, a PE ratio of 25.02, a price-to-earnings-growth ratio of 2.74 and a beta of 0.68. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.23 and a quick ratio of 1.33. Akamai Technologies, Inc. has a 1 year low of $75.50 and a 1 year high of $110.14.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) 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). Akamai Technologies had a return on equity of 14.35% and a net margin of 12.65%. The firm had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.02 billion. As a group, analysts forecast that Akamai Technologies, Inc. will post 4.6 EPS for the current fiscal 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.