Bryn Mawr Capital Management LLC Has $3.85 Million Holdings in Akamai Technologies, Inc. (NASDAQ:AKAM)

Bryn Mawr Capital Management LLC lifted its position in Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 395.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 40,288 shares of the technology infrastructure company's stock after purchasing an additional 32,154 shares during the quarter. Bryn Mawr Capital Management LLC's holdings in Akamai Technologies were worth $3,854,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AKAM. Creative Planning lifted its position in Akamai Technologies by 1.5% during the 3rd quarter. Creative Planning now owns 108,539 shares of the technology infrastructure company's stock worth $10,957,000 after buying an additional 1,569 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Akamai Technologies by 14.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 102,175 shares of the technology infrastructure company's stock worth $10,315,000 after buying an additional 12,913 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in Akamai Technologies by 8.5% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 30,292 shares of the technology infrastructure company's stock worth $3,058,000 after buying an additional 2,379 shares in the last quarter. Signaturefd LLC lifted its position in Akamai Technologies by 10.1% during the 3rd quarter. Signaturefd LLC now owns 1,402 shares of the technology infrastructure company's stock worth $142,000 after buying an additional 129 shares in the last quarter. Finally, Eastern Bank acquired a new position in Akamai Technologies during the 3rd quarter worth about $71,000. Institutional investors and hedge funds own 94.28% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on AKAM shares. Needham & Company LLC reiterated a "hold" rating on shares of Akamai Technologies in a research report on Friday. Scotiabank cut their target price on shares of Akamai Technologies from $115.00 to $107.00 and set a "sector outperform" rating on the stock in a research report on Friday. Citigroup cut their target price on shares of Akamai Technologies from $104.00 to $102.00 and set a "neutral" rating on the stock in a research report on Friday, January 17th. Bank of America downgraded shares of Akamai Technologies from a "buy" rating to a "neutral" rating and cut their target price for the company from $125.00 to $100.00 in a research report on Friday. Finally, HSBC upgraded shares of Akamai Technologies from a "hold" rating to a "buy" rating and set a $121.00 target price on the stock in a research report on Monday, November 11th. 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 issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Akamai Technologies presently has an average rating of "Moderate Buy" and an average price target of $107.90.

Insider Buying and Selling

In related news, CFO Edward J. Mcgowan sold 10,782 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $98.71, for a total transaction of $1,064,291.22. Following the completion of the sale, the chief financial officer now directly owns 12,716 shares of the company's stock, valued at approximately $1,255,196.36. This represents a 45.88 % decrease in their position. 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 firm's 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. This represents a 14.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 15,782 shares of company stock valued at $1,523,951. 1.80% of the stock is owned by corporate insiders.

Akamai Technologies Trading Down 21.1 %

Shares of NASDAQ:AKAM traded down $20.66 during mid-day trading on Friday, reaching $77.37. The stock had a trading volume of 16,613,506 shares, compared to its average volume of 2,175,569. The firm has a 50 day simple moving average of $96.60 and a two-hundred day simple moving average of $97.96. Akamai Technologies, Inc. has a twelve month low of $77.21 and a twelve month high of $113.36. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.50. The firm has a market cap of $11.62 billion, a PE ratio of 22.93, a price-to-earnings-growth ratio of 3.58 and a beta of 0.65.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last posted its 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). Akamai Technologies had a return on equity of 14.63% and a net margin of 13.27%. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. On average, research analysts predict that Akamai Technologies, Inc. will post 4.28 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.