Akamai Technologies, Inc. (NASDAQ:AKAM) Shares Sold by Blair William & Co. IL

Blair William & Co. IL decreased its holdings in Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 12.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 50,497 shares of the technology infrastructure company's stock after selling 7,013 shares during the period. Blair William & Co. IL's holdings in Akamai Technologies were worth $4,830,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. D.A. Davidson & CO. boosted its holdings in shares of Akamai Technologies by 1.3% in the 3rd quarter. D.A. Davidson & CO. now owns 8,860 shares of the technology infrastructure company's stock valued at $894,000 after buying an additional 115 shares in the last quarter. Public Sector Pension Investment Board boosted its stake in Akamai Technologies by 8.4% in the third quarter. Public Sector Pension Investment Board now owns 6,475 shares of the technology infrastructure company's stock valued at $654,000 after acquiring an additional 500 shares in the last quarter. Vinva Investment Management Ltd purchased a new position in Akamai Technologies in the third quarter worth $327,000. Benjamin Edwards Inc. acquired a new position in shares of Akamai Technologies during the third quarter worth $579,000. Finally, Centiva Capital LP acquired a new position in shares of Akamai Technologies during the third quarter worth $325,000. Hedge funds and other institutional investors own 94.28% of the company's stock.

Akamai Technologies Trading Up 0.1 %

Shares of AKAM traded up $0.10 during midday trading on Tuesday, reaching $80.60. The company had a trading volume of 1,614,782 shares, compared to its average volume of 1,873,980. Akamai Technologies, Inc. has a 1-year low of $75.50 and a 1-year high of $108.74. The company has a quick ratio of 1.33, a current ratio of 1.23 and a debt-to-equity ratio of 0.49. The firm has a 50 day simple moving average of $89.20 and a 200-day simple moving average of $94.44. The stock has a market cap of $12.12 billion, a PE ratio of 24.72, a price-to-earnings-growth ratio of 2.74 and a beta of 0.68.

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

Insider Activity

In related news, CEO F Thomson Leighton purchased 37,670 shares of Akamai Technologies stock in a transaction dated Thursday, February 27th. The shares were acquired at an average cost of $79.58 per share, with a total value of $2,997,778.60. Following the purchase, the chief executive officer now owns 137,342 shares of the company's stock, valued at approximately $10,929,676.36. The trade was a 37.79 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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 transaction of $366,280.00. Following the transaction, 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,394 shares of company stock valued at $3,019,323. 1.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

AKAM has been the topic of several research analyst reports. Royal Bank of Canada dropped their target price on 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. TD Cowen lowered Akamai Technologies from a "buy" rating to a "hold" rating and dropped their price target for the stock from $125.00 to $98.00 in a research note on Friday, February 21st. Evercore ISI reaffirmed an "outperform" rating and issued a $110.00 price objective on shares of Akamai Technologies in a research report on Tuesday, December 17th. Oppenheimer started coverage on shares of Akamai Technologies in a research report on Thursday, March 20th. They set an "outperform" rating and a $100.00 target price on the stock. Finally, Craig Hallum cut shares of 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, February 21st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Akamai Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $106.55.

About Akamai Technologies

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.