Dynamic Technology Lab Private Ltd Sells 6,209 Shares of Akamai Technologies, Inc. (NASDAQ:AKAM)

Dynamic Technology Lab Private Ltd cut its position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 61.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,942 shares of the technology infrastructure company's stock after selling 6,209 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Akamai Technologies were worth $377,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of AKAM. SBI Securities Co. Ltd. bought a new position in Akamai Technologies in the 4th quarter worth approximately $49,000. Bruce G. Allen Investments LLC lifted its stake in Akamai Technologies by 38.8% in the fourth quarter. Bruce G. Allen Investments LLC now owns 554 shares of the technology infrastructure company's stock valued at $53,000 after buying an additional 155 shares in the last quarter. Wolverine Asset Management LLC acquired a new position in Akamai Technologies in the 4th quarter worth $57,000. TCTC Holdings LLC lifted its stake in Akamai Technologies by 17.0% in the 4th 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 in the last quarter. Finally, Atlas Capital Advisors Inc. boosted its holdings in Akamai Technologies by 200.0% during the fourth quarter. Atlas Capital Advisors Inc. now owns 708 shares of the technology infrastructure company's stock worth $68,000 after purchasing an additional 472 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

AKAM has been the topic of a number of recent analyst reports. Evercore ISI restated an "outperform" rating and set a $110.00 target price on shares of Akamai Technologies in a report on Tuesday, December 17th. Susquehanna decreased their price objective on Akamai Technologies from $110.00 to $105.00 and set a "positive" rating on the stock in a report on Friday, February 21st. 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 research note on Friday, February 21st. Needham & Company LLC reissued a "hold" rating on shares of Akamai Technologies in a report on Friday, February 21st. Finally, Royal Bank of Canada lowered their price target on Akamai Technologies from $100.00 to $90.00 and set a "sector perform" rating for the company in a report on Friday, February 21st. One research analyst has rated the stock with a sell rating, ten have given a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $105.55.

Insider Activity

In other news, EVP Paul C. Joseph sold 4,000 shares of the company'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 sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Edward J. Mcgowan sold 4,652 shares of the business's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $86.48, for a total transaction of $402,304.96. Following the sale, the chief financial officer now directly owns 34,510 shares in the company, valued at $2,984,424.80. The trade was a 11.88 % decrease in their position. 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. 1.80% of the stock is owned by company insiders.

Akamai Technologies Trading Up 0.4 %

Shares of NASDAQ AKAM traded up $0.30 during trading hours on Tuesday, hitting $74.45. The company's stock had a trading volume of 171,501 shares, compared to its average volume of 1,914,108. The business has a 50-day simple moving average of $83.71 and a 200-day simple moving average of $92.50. The stock has a market cap of $10.88 billion, a price-to-earnings ratio of 22.83, a P/E/G ratio of 2.74 and a beta of 0.80. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.33 and a current ratio of 1.23. Akamai Technologies, Inc. has a 12 month low of $67.51 and a 12 month high of $106.80.

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

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.