Ossiam Raises Position in Akamai Technologies, Inc. (NASDAQ:AKAM)

Ossiam raised its stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 41.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,035 shares of the technology infrastructure company's stock after acquiring an additional 6,418 shares during the period. Ossiam's holdings in Akamai Technologies were worth $2,108,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. TCTC Holdings LLC lifted its position in shares of Akamai Technologies by 17.0% during the fourth quarter. TCTC Holdings LLC now owns 702 shares of the technology infrastructure company's stock valued at $67,000 after purchasing an additional 102 shares in the last quarter. Orion Portfolio Solutions LLC increased its stake in Akamai Technologies by 0.6% in the 4th quarter. Orion Portfolio Solutions LLC now owns 19,991 shares of the technology infrastructure company's stock valued at $1,912,000 after buying an additional 114 shares during the last quarter. Koshinski Asset Management Inc. lifted its position in shares of 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 worth $752,000 after buying an additional 116 shares in the last quarter. Delta Capital Management LLC boosted its stake in shares of Akamai Technologies by 4.5% in the 4th quarter. Delta Capital Management LLC now owns 2,790 shares of the technology infrastructure company's stock worth $267,000 after buying an additional 120 shares during the last quarter. Finally, Tandem Investment Advisors Inc. grew its holdings in shares of Akamai Technologies by 0.5% in the fourth quarter. Tandem Investment Advisors Inc. now owns 30,096 shares of the technology infrastructure company's stock valued at $2,879,000 after acquiring an additional 140 shares in the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Akamai Technologies

In other news, EVP Aaron Ahola sold 4,000 shares of the company'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 completion of the transaction, the executive vice president now directly owns 25,211 shares in the company, valued at approximately $2,040,074.12. This represents a 13.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO F Thomson Leighton acquired 37,670 shares of Akamai Technologies stock in a transaction dated Thursday, February 27th. The shares were purchased at an average price of $79.58 per share, for a total transaction of $2,997,778.60. Following the completion of the transaction, the chief executive officer now directly owns 137,342 shares in the company, valued at approximately $10,929,676.36. The trade was a 37.79 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 31,394 shares of company stock valued at $2,653,043 in the last quarter. Insiders own 1.80% of the company's stock.

Akamai Technologies Price Performance

Akamai Technologies stock traded up $0.59 during midday trading on Friday, hitting $79.79. 1,307,084 shares of the company's stock were exchanged, compared to its average volume of 1,930,499. The company has a market cap of $11.66 billion, a P/E ratio of 24.48, a PEG ratio of 2.74 and a beta of 0.80. 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 stock has a 50-day moving average price of $79.56 and a two-hundred day moving average price of $91.17. Akamai Technologies, Inc. has a 52-week low of $67.51 and a 52-week high of $106.80.

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

Analysts Set New Price Targets

Several research analysts have weighed in on the company. TD Cowen cut Akamai Technologies from a "buy" rating to a "hold" rating and cut their price objective for the stock from $125.00 to $98.00 in a research report on Friday, February 21st. Citigroup cut their price target on shares of Akamai Technologies from $102.00 to $95.00 and set a "neutral" rating on the stock in a report on Monday, February 24th. Oppenheimer started coverage on shares of Akamai Technologies in a report on Thursday, March 20th. They set an "outperform" rating and a $100.00 price objective for the company. Craig Hallum cut shares of Akamai Technologies from a "buy" rating to a "hold" rating and set a $90.00 target price on the stock. in a research note on Friday, February 21st. Finally, Bank of America lowered shares of Akamai Technologies from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $125.00 to $100.00 in a research note on Friday, February 21st. One analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average 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.