Akamai Technologies, Inc. (NASDAQ:AKAM) Stake Increased by Ewa LLC

Ewa LLC grew its holdings in Akamai Technologies, Inc. (NASDAQ:AKAM) by 7.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,556 shares of the technology infrastructure company’s stock after purchasing an additional 179 shares during the period. Ewa LLC’s holdings in Akamai Technologies were worth $318,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Planned Solutions Inc. acquired a new position in Akamai Technologies during the fourth quarter worth $37,000. Headinvest LLC bought a new stake in shares of Akamai Technologies in the third quarter valued at about $40,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Akamai Technologies in the fourth quarter valued at about $43,000. Bruce G. Allen Investments LLC bought a new stake in shares of Akamai Technologies in the fourth quarter valued at about $44,000. Finally, Lindbrook Capital LLC lifted its stake in Akamai Technologies by 43.7% during the fourth quarter. Lindbrook Capital LLC now owns 411 shares of the technology infrastructure company’s stock worth $49,000 after purchasing an additional 125 shares during the period. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Akamai Technologies Trading Up 0.3 %

Shares of NASDAQ:AKAM traded up $0.29 during mid-day trading on Monday, reaching $101.97. 348,896 shares of the company’s stock were exchanged, compared to its average volume of 1,598,101. The firm has a market capitalization of $15.45 billion, a price-to-earnings ratio of 28.80, a PEG ratio of 2.87 and a beta of 0.72. The business’s fifty day moving average price is $106.97 and its 200-day moving average price is $112.32. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.16 and a current ratio of 2.16. Akamai Technologies, Inc. has a twelve month low of $76.85 and a twelve month high of $129.17.

Akamai Technologies (NASDAQ:AKAM) last announced its earnings results on Tuesday, February 13th. The technology infrastructure company reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.10. Akamai Technologies had a net margin of 14.37% and a return on equity of 14.90%. The business had revenue of $995.00 million during the quarter, compared to the consensus estimate of $999.09 million. During the same quarter last year, the firm earned $1.01 earnings per share. Akamai Technologies’s quarterly revenue was up 7.2% on a year-over-year basis. On average, research analysts predict that Akamai Technologies, Inc. will post 4.84 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AKAM. Royal Bank of Canada reiterated a “sector perform” rating and issued a $115.00 target price on shares of Akamai Technologies in a research note on Wednesday, February 14th. HSBC lowered shares of Akamai Technologies from a “hold” rating to a “reduce” rating and lowered their price target for the company from $109.00 to $96.00 in a report on Thursday, February 15th. Citigroup lowered their target price on shares of Akamai Technologies from $140.00 to $117.00 and set a “neutral” rating for the company in a report on Thursday. StockNews.com raised shares of Akamai Technologies from a “hold” rating to a “buy” rating in a report on Thursday, January 25th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Akamai Technologies from $78.00 to $81.00 and gave the stock an “underweight” rating in a report on Wednesday, February 14th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Akamai Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $121.60.

Insider Buying and Selling at Akamai Technologies

In other news, CMO Kim Salem-Jackson sold 2,600 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $123.30, for a total transaction of $320,580.00. Following the completion of the sale, the chief marketing officer now directly owns 27,663 shares of the company’s stock, valued at $3,410,847.90. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CMO Kim Salem-Jackson sold 2,600 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $123.30, for a total transaction of $320,580.00. Following the completion of the sale, the chief marketing officer now directly owns 27,663 shares of the company’s stock, valued at $3,410,847.90. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Adam Karon sold 8,394 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $108.26, for a total transaction of $908,734.44. Following the sale, the chief operating officer now directly owns 21,046 shares of the company’s stock, valued at $2,278,439.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,353 shares of company stock valued at $3,688,883. Corporate insiders own 2.00% of the company’s stock.

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.