Groupama Asset Managment Sells 4,259 Shares of Akamai Technologies, Inc. (NASDAQ:AKAM)

Groupama Asset Managment trimmed its holdings in Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 0.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,008,027 shares of the technology infrastructure company's stock after selling 4,259 shares during the quarter. Akamai Technologies accounts for about 1.4% of Groupama Asset Managment's portfolio, making the stock its 17th biggest holding. Groupama Asset Managment owned 1.34% of Akamai Technologies worth $192,068,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Norges Bank purchased a new stake in shares of Akamai Technologies during the fourth quarter valued at $477,454,000. Geode Capital Management LLC raised its position in Akamai Technologies by 5.1% during the third 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 in the last quarter. Nordea Investment Management AB lifted its stake in shares of 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 third quarter. Disciplined Growth Investors Inc. MN now owns 1,499,760 shares of the technology infrastructure company's stock worth $151,401,000 after purchasing an additional 88,732 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Akamai Technologies by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 922,244 shares of the technology infrastructure company's stock worth $88,213,000 after buying an additional 29,888 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company's stock.

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Insider Transactions at Akamai Technologies

In other Akamai Technologies news, CEO F Thomson Leighton purchased 37,670 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The shares were acquired at an average cost of $79.58 per share, for a total transaction of $2,997,778.60. Following the transaction, the chief executive officer now directly owns 137,342 shares in the company, valued at approximately $10,929,676.36. The trade was a 37.79 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, EVP Paul C. Joseph sold 4,000 shares of Akamai Technologies stock in a transaction on 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 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 90 days, insiders sold 35,394 shares of company stock valued at $3,019,323. Corporate insiders own 1.80% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Evercore ISI reiterated an "outperform" rating and set a $110.00 price target on shares of Akamai Technologies in a research note on Tuesday, December 17th. Oppenheimer assumed coverage on Akamai Technologies in a report on Thursday, March 20th. They set an "outperform" rating and a $100.00 price target on the stock. Royal Bank of Canada decreased their price objective on shares of Akamai Technologies from $100.00 to $90.00 and set a "sector perform" rating for the company in a report on Friday, February 21st. UBS Group started coverage on shares of Akamai Technologies in a report on Monday, December 16th. They issued a "neutral" rating and a $110.00 target price on the stock. Finally, Bank of America cut shares of Akamai Technologies from a "buy" rating to a "neutral" rating and decreased 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 assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Akamai Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $106.55.

Akamai Technologies Price Performance

AKAM traded down $5.09 during midday trading on Friday, reaching $73.69. 2,610,528 shares of the company's stock were exchanged, compared to its average volume of 1,880,858. Akamai Technologies, Inc. has a one year low of $73.42 and a one year high of $107.60. The firm has a market capitalization of $11.08 billion, a price-to-earnings ratio of 22.60, a price-to-earnings-growth ratio of 2.74 and a beta of 0.80. The business has a 50-day simple moving average of $88.11 and a two-hundred day simple moving average of $94.06. The company has a quick ratio of 1.33, a current ratio of 1.23 and a debt-to-equity ratio of 0.49.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last issued its quarterly earnings data 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 net margin of 12.65% and a return on equity of 14.35%. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. As a group, research analysts predict that Akamai Technologies, Inc. will post 4.6 EPS for the current 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.