Akamai Technologies, Inc. (NASDAQ:AKAM) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA decreased its holdings in shares of Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 10.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 126,507 shares of the technology infrastructure company's stock after selling 14,073 shares during the quarter. Leeward Investments LLC MA owned about 0.08% of Akamai Technologies worth $12,747,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Farther Finance Advisors LLC raised its holdings in Akamai Technologies by 85.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 247 shares of the technology infrastructure company's stock valued at $25,000 after acquiring an additional 114 shares during the period. EntryPoint Capital LLC purchased a new position in shares of Akamai Technologies during the 1st quarter valued at $31,000. Versant Capital Management Inc grew its position in shares of Akamai Technologies by 170.8% during the 2nd quarter. Versant Capital Management Inc now owns 306 shares of the technology infrastructure company's stock valued at $28,000 after purchasing an additional 193 shares in the last quarter. Innealta Capital LLC purchased a new position in shares of Akamai Technologies during the 2nd quarter valued at $28,000. Finally, Family Firm Inc. purchased a new position in shares of Akamai Technologies during the 2nd quarter valued at $35,000. Institutional investors own 94.28% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on AKAM shares. Royal Bank of Canada reissued a "sector perform" rating and set a $100.00 price target on shares of Akamai Technologies in a research report on Thursday, August 15th. Scotiabank upped their price target on Akamai Technologies from $110.00 to $115.00 and gave the company a "sector outperform" rating in a research report on Friday, August 9th. HSBC upgraded Akamai Technologies from a "reduce" rating to a "hold" rating and set a $96.00 price objective on the stock in a research report on Wednesday, July 24th. Tigress Financial restated a "strong-buy" rating and set a $140.00 target price on shares of Akamai Technologies in a report on Thursday, August 29th. Finally, Hsbc Global Res upgraded shares of Akamai Technologies from a "moderate sell" rating to a "hold" rating in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $116.47.

Insider Activity

In other Akamai Technologies news, EVP Paul C. Joseph sold 4,000 shares of the firm's stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $97.30, for a total transaction of $389,200.00. Following the sale, the executive vice president now owns 30,703 shares in the company, valued at approximately $2,987,401.90. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Akamai Technologies news, Director William Raymond Wagner sold 1,000 shares of Akamai Technologies stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $100.73, for a total value of $100,730.00. Following the transaction, the director now owns 16,719 shares in the company, valued at $1,684,104.87. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Paul C. Joseph sold 4,000 shares of Akamai Technologies stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $97.30, for a total value of $389,200.00. Following the completion of the transaction, the executive vice president now owns 30,703 shares in the company, valued at $2,987,401.90. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,500 shares of company stock valued at $741,655 in the last 90 days. 1.80% of the stock is currently owned by insiders.

Akamai Technologies Stock Down 0.3 %

AKAM stock traded down $0.31 during trading on Thursday, hitting $104.40. 2,604,011 shares of the stock traded hands, compared to its average volume of 1,605,859. Akamai Technologies, Inc. has a 1 year low of $87.59 and a 1 year high of $129.17. The firm's 50 day moving average is $101.07 and its two-hundred day moving average is $97.26. The stock has a market cap of $15.82 billion, a price-to-earnings ratio of 25.92, a price-to-earnings-growth ratio of 3.22 and a beta of 0.68. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.32 and a quick ratio of 1.32.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The technology infrastructure company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.53 by $0.05. The company had revenue of $979.60 million for the quarter, compared to the consensus estimate of $977.67 million. Akamai Technologies had a net margin of 16.01% and a return on equity of 14.78%. Akamai Technologies's revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.01 EPS. On average, sell-side analysts anticipate that Akamai Technologies, Inc. will post 4.42 EPS for the current year.

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.