Machina Capital S.A.S. Makes New $315,000 Investment in Akamai Technologies, Inc. (NASDAQ:AKAM)

Machina Capital S.A.S. purchased a new position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,297 shares of the technology infrastructure company's stock, valued at approximately $315,000.

Several other hedge funds and other institutional investors have also bought and sold shares of AKAM. Farther Finance Advisors LLC lifted its position in Akamai Technologies by 85.7% during the third quarter. Farther Finance Advisors LLC now owns 247 shares of the technology infrastructure company's stock worth $25,000 after purchasing an additional 114 shares during the period. SBI Securities Co. Ltd. bought a new position in Akamai Technologies in the fourth quarter valued at approximately $49,000. Bruce G. Allen Investments LLC raised its position in Akamai Technologies by 38.8% during the fourth quarter. Bruce G. Allen Investments LLC now owns 554 shares of the technology infrastructure company's stock valued at $53,000 after purchasing an additional 155 shares in the last quarter. Wolverine Asset Management LLC bought a new stake in Akamai Technologies during the fourth quarter worth $57,000. Finally, Jones Financial Companies Lllp lifted its position in shares of Akamai Technologies by 443.2% during the 4th quarter. Jones Financial Companies Lllp now owns 804 shares of the technology infrastructure company's stock worth $77,000 after buying an additional 656 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company's stock.

Akamai Technologies Stock Down 1.3 %

Akamai Technologies stock traded down $1.00 during trading on Thursday, hitting $78.66. 2,447,069 shares of the company were exchanged, compared to its average volume of 2,810,348. The company has a current ratio of 1.23, a quick ratio of 1.33 and a debt-to-equity ratio of 0.49. The business's 50 day moving average is $92.21 and its 200 day moving average is $96.21. Akamai Technologies, Inc. has a 52 week low of $75.50 and a 52 week high of $110.18. The company has a market capitalization of $11.82 billion, a P/E ratio of 24.13, a PEG ratio of 2.74 and a beta of 0.68.

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

Analyst Upgrades and Downgrades

AKAM has been the topic of a number of research analyst reports. Craig Hallum downgraded shares of Akamai Technologies from a "buy" rating to a "hold" rating and set a $90.00 price target on the stock. in a research note on Friday, February 21st. Citigroup reduced their price objective on shares of Akamai Technologies from $102.00 to $95.00 and set a "neutral" rating on the stock in a research note on Monday, February 24th. Bank of America lowered Akamai Technologies from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $125.00 to $100.00 in a research report on Friday, February 21st. Susquehanna reduced their price target on Akamai Technologies from $110.00 to $105.00 and set a "positive" rating on the stock in a research report on Friday, February 21st. Finally, TD Cowen cut Akamai Technologies from a "buy" rating to a "hold" rating and reduced their target price for the company from $125.00 to $98.00 in a report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Akamai Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $107.55.

Insiders Place Their Bets

In related news, CFO Edward J. Mcgowan sold 10,782 shares of Akamai Technologies stock in a transaction 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 sale, the chief financial officer now directly owns 12,716 shares in the company, valued at approximately $1,255,196.36. This trade represents a 45.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Paul C. Joseph sold 4,000 shares of the company's 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 $2,115,633.28. This trade represents a 14.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 42,176 shares of company stock valued at $3,759,934 in the last 90 days. 1.80% of the stock is currently owned by corporate insiders.

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.