Akamai Technologies, Inc. (NASDAQ:AKAM) Shares Bought by National Pension Service

National Pension Service grew its stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 595.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 318,912 shares of the technology infrastructure company's stock after buying an additional 273,043 shares during the period. National Pension Service owned 0.21% of Akamai Technologies worth $30,504,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Empirical Finance LLC lifted its position in shares of Akamai Technologies by 2.0% in the third quarter. Empirical Finance LLC now owns 5,327 shares of the technology infrastructure company's stock valued at $538,000 after acquiring an additional 103 shares in the last quarter. Van ECK Associates Corp raised its stake in Akamai Technologies by 6.1% during the 3rd quarter. Van ECK Associates Corp now owns 1,836 shares of the technology infrastructure company's stock valued at $189,000 after purchasing an additional 105 shares during the period. Farther Finance Advisors LLC lifted its holdings in Akamai Technologies by 85.7% in the 3rd 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 in the last quarter. D.A. Davidson & CO. boosted its stake in Akamai Technologies by 1.3% in the 3rd quarter. D.A. Davidson & CO. now owns 8,860 shares of the technology infrastructure company's stock worth $894,000 after purchasing an additional 115 shares during the period. Finally, Koshinski Asset Management Inc. grew its holdings in Akamai Technologies by 1.5% during the 4th quarter. Koshinski Asset Management Inc. now owns 7,867 shares of the technology infrastructure company's stock valued at $752,000 after buying an additional 116 shares in the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

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Akamai Technologies Trading Up 0.8 %

AKAM traded up $0.64 during trading on Wednesday, hitting $82.82. 2,424,780 shares of the stock were exchanged, compared to its average volume of 2,685,016. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.33 and a current ratio of 1.23. The firm has a 50 day simple moving average of $93.55 and a 200 day simple moving average of $96.87. The firm has a market cap of $12.45 billion, a price-to-earnings ratio of 25.40, a P/E/G ratio of 2.74 and a beta of 0.65. Akamai Technologies, Inc. has a 1 year low of $75.50 and a 1 year high of $113.36.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The technology infrastructure company reported $1.19 earnings per share 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 the consensus estimate of $1.02 billion. As a group, equities analysts expect that Akamai Technologies, Inc. will post 4.6 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on AKAM shares. Scotiabank dropped their target price on shares of Akamai Technologies from $115.00 to $107.00 and set a "sector outperform" rating for the company in a research report on Friday, February 21st. UBS Group assumed coverage on shares of Akamai Technologies in a report on Monday, December 16th. They set a "neutral" rating and a $110.00 price objective for the company. Citigroup cut their price objective on Akamai Technologies from $102.00 to $95.00 and set a "neutral" rating for the company in a research report on Monday, February 24th. JPMorgan Chase & Co. decreased their target price on Akamai Technologies from $76.00 to $72.00 and set an "underweight" rating on the stock in a research report on Friday, February 21st. Finally, Royal Bank of Canada cut 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 investment analyst has rated the stock with a sell rating, ten have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $107.55.

Insider Transactions at Akamai Technologies

In other news, CFO Edward J. Mcgowan sold 10,782 shares of the business's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $98.71, for a total value of $1,064,291.22. Following the completion of the transaction, the chief financial officer now directly owns 12,716 shares of the company's stock, valued at approximately $1,255,196.36. The trade was a 45.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Paul C. Joseph sold 4,000 shares of the firm'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 in the company, 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. Corporate insiders own 1.80% of the company's stock.

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.