Integrated Quantitative Investments LLC Invests $381,000 in Akamai Technologies, Inc. (NASDAQ:AKAM)

Integrated Quantitative Investments LLC purchased a new stake in Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,980 shares of the technology infrastructure company's stock, valued at approximately $381,000.

A number of other hedge funds have also recently bought and sold shares of the business. SBI Securities Co. Ltd. purchased a new position in shares of Akamai Technologies during the 4th quarter valued at approximately $49,000. Bruce G. Allen Investments LLC raised its holdings 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 acquiring an additional 155 shares in the last quarter. Wolverine Asset Management LLC bought a new position in Akamai Technologies during the 4th quarter valued at $57,000. TCTC Holdings LLC grew its holdings in Akamai Technologies by 17.0% during the 4th quarter. TCTC Holdings LLC now owns 702 shares of the technology infrastructure company's stock worth $67,000 after acquiring an additional 102 shares in the last quarter. Finally, Atlas Capital Advisors Inc. increased its position in shares of Akamai Technologies by 200.0% in the 4th 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. Institutional investors and hedge funds own 94.28% of the company's stock.

Insider Transactions at Akamai Technologies

In related news, EVP Aaron Ahola sold 4,000 shares of Akamai Technologies stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $80.92, for a total value of $323,680.00. Following the transaction, the executive vice president now owns 25,211 shares of the company's stock, valued at approximately $2,040,074.12. This trade represents a 13.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO F Thomson Leighton acquired 37,670 shares of Akamai Technologies stock in a transaction on Thursday, February 27th. The shares were purchased at an average cost of $79.58 per share, with a total value of $2,997,778.60. Following the completion of the purchase, the chief executive officer now directly owns 137,342 shares of the company's stock, valued at approximately $10,929,676.36. This represents a 37.79 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 35,394 shares of company stock valued at $3,019,323. Corporate insiders own 1.80% of the company's stock.

Akamai Technologies Stock Performance

Shares of NASDAQ AKAM traded down $4.42 during midday trading on Thursday, reaching $71.93. 813,098 shares of the company traded hands, compared to its average volume of 1,907,929. The company has a market cap of $10.51 billion, a price-to-earnings ratio of 22.06, a PEG ratio of 2.74 and a beta of 0.80. The stock has a 50-day moving average price of $85.27 and a 200 day moving average price of $93.13. Akamai Technologies, Inc. has a 52 week low of $67.51 and a 52 week high of $107.12. 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 (NASDAQ:AKAM - Get Free Report) last released 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 company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. Akamai Technologies had a return on equity of 14.35% and a net margin of 12.65%. Sell-side analysts anticipate that Akamai Technologies, Inc. will post 4.6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Needham & Company LLC reiterated a "hold" rating on shares of Akamai Technologies in a research note on Friday, February 21st. Royal Bank of Canada reduced their target price on Akamai Technologies from $100.00 to $90.00 and set a "sector perform" rating on the stock in a report on Friday, February 21st. Raymond James lowered their price target on Akamai Technologies from $115.00 to $110.00 and set an "outperform" rating for the company in a report on Friday, February 21st. Evercore ISI reissued an "outperform" rating and set a $110.00 price target on shares of Akamai Technologies in a research report on Tuesday, December 17th. Finally, UBS Group began coverage on shares of Akamai Technologies in a report on Monday, December 16th. They issued a "neutral" rating and a $110.00 price objective for the company. One 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. According to MarketBeat.com, Akamai Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $105.55.

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.