Akamai Technologies, Inc. (NASDAQ:AKAM) Shares Bought by Oak Associates Ltd. OH

Oak Associates Ltd. OH lifted its stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 4.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 152,694 shares of the technology infrastructure company's stock after buying an additional 6,645 shares during the quarter. Akamai Technologies comprises approximately 1.0% of Oak Associates Ltd. OH's investment portfolio, making the stock its 26th largest holding. Oak Associates Ltd. OH owned about 0.10% of Akamai Technologies worth $14,605,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in AKAM. SBI Securities Co. Ltd. bought a new position in shares of Akamai Technologies in the fourth quarter valued at approximately $49,000. Bruce G. Allen Investments LLC raised its stake in shares of Akamai Technologies by 38.8% during the 4th 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 during the period. Wolverine Asset Management LLC bought a new position in shares of Akamai Technologies in the fourth quarter valued at approximately $57,000. TCTC Holdings LLC increased its holdings in shares of Akamai Technologies by 17.0% in the fourth quarter. TCTC Holdings LLC now owns 702 shares of the technology infrastructure company's stock worth $67,000 after purchasing an additional 102 shares during the period. Finally, Atlas Capital Advisors Inc. boosted its position in shares of Akamai Technologies by 200.0% during the 4th quarter. Atlas Capital Advisors Inc. now owns 708 shares of the technology infrastructure company's stock valued at $68,000 after acquiring an additional 472 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company's stock.

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Insiders Place Their Bets

In other Akamai Technologies news, CEO F Thomson Leighton purchased 37,670 shares of the firm's 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 purchase, the chief executive officer now owns 137,342 shares in the company, valued at approximately $10,929,676.36. This represents a 37.79 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Aaron Ahola sold 4,000 shares of the business's 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 sale, the executive vice president now owns 25,211 shares of the company's stock, valued at $2,040,074.12. The trade was a 13.69 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,394 shares of company stock worth $2,653,043. Insiders own 1.80% of the company's stock.

Akamai Technologies Stock Up 0.5 %

Shares of NASDAQ:AKAM traded up $0.40 during trading on Wednesday, hitting $74.91. 592,406 shares of the company were exchanged, compared to its average volume of 1,913,335. Akamai Technologies, Inc. has a 12-month low of $67.51 and a 12-month high of $106.80. 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 stock has a market capitalization of $10.95 billion, a P/E ratio of 22.98, a PEG ratio of 2.74 and a beta of 0.80. The firm's 50 day moving average price is $83.21 and its 200-day moving average price is $92.38.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last issued its quarterly 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). The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. Akamai Technologies had a return on equity of 14.35% and a net margin of 12.65%. On average, research analysts predict that Akamai Technologies, Inc. will post 4.6 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on AKAM shares. Scotiabank decreased their price objective on Akamai Technologies from $115.00 to $107.00 and set a "sector outperform" rating on the stock in a report on Friday, February 21st. Evercore ISI reiterated an "outperform" rating and issued a $110.00 price objective on shares of Akamai Technologies in a research report on Tuesday, December 17th. JPMorgan Chase & Co. reduced their price target on shares of Akamai Technologies from $76.00 to $72.00 and set an "underweight" rating on the stock in a research report on Friday, February 21st. Oppenheimer started coverage on shares of Akamai Technologies in a research report on Thursday, March 20th. They issued an "outperform" rating and a $100.00 target price on the stock. Finally, TD Cowen downgraded Akamai Technologies from a "buy" rating to a "hold" rating and reduced their price target for the company from $125.00 to $98.00 in a report on Friday, February 21st. One analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Akamai Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $104.75.

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.