Akamai Technologies, Inc. (NASDAQ:AKAM) Stake Raised by Natixis Advisors LLC

Natixis Advisors LLC grew its stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 4.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 263,433 shares of the technology infrastructure company's stock after buying an additional 10,099 shares during the period. Natixis Advisors LLC owned 0.18% of Akamai Technologies worth $25,197,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Empirical Finance LLC raised its stake in Akamai Technologies by 2.0% in the 3rd quarter. Empirical Finance LLC now owns 5,327 shares of the technology infrastructure company's stock valued at $538,000 after purchasing an additional 103 shares during the last quarter. D.A. Davidson & CO. raised its position in shares of Akamai Technologies by 1.3% in the third quarter. D.A. Davidson & CO. now owns 8,860 shares of the technology infrastructure company's stock valued at $894,000 after buying an additional 115 shares during the last quarter. Koshinski Asset Management Inc. lifted its stake in shares of Akamai Technologies by 1.5% during the fourth 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 during the period. Delta Capital Management LLC lifted its stake in shares of Akamai Technologies by 4.5% during the fourth quarter. Delta Capital Management LLC now owns 2,790 shares of the technology infrastructure company's stock valued at $267,000 after buying an additional 120 shares during the period. Finally, Tandem Investment Advisors Inc. boosted its position in Akamai Technologies by 0.5% during the fourth quarter. Tandem Investment Advisors Inc. now owns 30,096 shares of the technology infrastructure company's stock worth $2,879,000 after acquiring an additional 140 shares during the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

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Insiders Place Their Bets

In related news, EVP Paul C. Joseph sold 4,000 shares of Akamai Technologies stock in a transaction dated Wednesday, January 15th. The stock was 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 directly owns 23,104 shares in the company, valued at approximately $2,115,633.28. This trade represents a 14.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO F Thomson Leighton acquired 37,670 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was purchased at an average cost of $79.58 per share, with a total value of $2,997,778.60. Following the completion of the acquisition, the chief executive officer now owns 137,342 shares of the company's stock, valued at $10,929,676.36. The trade was a 37.79 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 35,394 shares of company stock worth $3,019,323 in the last three months. 1.80% of the stock is owned by insiders.

Akamai Technologies Stock Down 0.6 %

AKAM traded down $0.51 during trading hours on Friday, reaching $81.04. 3,874,766 shares of the stock traded hands, compared to its average volume of 1,824,795. Akamai Technologies, Inc. has a fifty-two week low of $75.50 and a fifty-two week high of $110.18. The company has a market cap of $12.18 billion, a price-to-earnings ratio of 24.86, a PEG ratio of 2.74 and a beta of 0.68. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.23 and a quick ratio of 1.33. The firm's fifty day simple moving average is $90.74 and its two-hundred day simple moving average is $95.42.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last announced its earnings results 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 business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. As a group, analysts forecast that Akamai Technologies, Inc. will post 4.6 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on AKAM shares. JPMorgan Chase & Co. reduced their price target on Akamai Technologies from $76.00 to $72.00 and set an "underweight" rating on the stock in a research note on Friday, February 21st. Susquehanna reduced their target price 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. Royal Bank of Canada lowered 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. UBS Group initiated coverage on shares of Akamai Technologies in a research note on Monday, December 16th. They set a "neutral" rating and a $110.00 price objective for the company. Finally, Piper Sandler cut shares of Akamai Technologies from an "overweight" rating to a "neutral" rating and decreased their target price for the stock from $112.00 to $100.00 in a research report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $106.55.

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.