Livforsakringsbolaget Skandia Omsesidigt Acquires 271 Shares of Akamai Technologies, Inc. (NASDAQ:AKAM)

Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in Akamai Technologies, Inc. (NASDAQ:AKAM) by 0.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,534 shares of the technology infrastructure company’s stock after buying an additional 271 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Akamai Technologies were worth $3,732,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Ancora Advisors LLC raised its holdings in shares of Akamai Technologies by 103.3% in the first quarter. Ancora Advisors LLC now owns 250 shares of the technology infrastructure company’s stock valued at $25,000 after buying an additional 127 shares during the last quarter. Planned Solutions Inc. bought a new stake in Akamai Technologies during the 4th quarter worth about $37,000. Turtle Creek Wealth Advisors LLC bought a new stake in Akamai Technologies during the 4th quarter worth about $43,000. Bruce G. Allen Investments LLC bought a new stake in Akamai Technologies during the 4th quarter worth about $44,000. Finally, Headinvest LLC bought a new stake in Akamai Technologies during the 3rd quarter worth about $40,000. 94.28% of the stock is owned by institutional investors.

Insider Transactions at Akamai Technologies

In related news, CMO Kim Salem-Jackson sold 2,600 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $123.30, for a total value of $320,580.00. Following the sale, the chief marketing officer now owns 27,663 shares in the company, valued at approximately $3,410,847.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, EVP Anthony P. Williams sold 4,500 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $108.73, for a total value of $489,285.00. Following the sale, the executive vice president now owns 14,938 shares in the company, valued at approximately $1,624,208.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CMO Kim Salem-Jackson sold 2,600 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $123.30, for a total value of $320,580.00. Following the completion of the sale, the chief marketing officer now owns 27,663 shares in the company, valued at approximately $3,410,847.90. The disclosure for this sale can be found here. Insiders have sold a total of 33,353 shares of company stock worth $3,688,883 in the last 90 days. Corporate insiders own 2.00% of the company’s stock.

Akamai Technologies Stock Down 1.0 %

Shares of AKAM traded down $0.99 on Wednesday, hitting $100.34. The company’s stock had a trading volume of 1,303,563 shares, compared to its average volume of 1,660,425. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.77. The firm’s fifty day moving average price is $110.14 and its 200-day moving average price is $112.62. Akamai Technologies, Inc. has a fifty-two week low of $76.85 and a fifty-two week high of $129.17. The firm has a market capitalization of $15.20 billion, a price-to-earnings ratio of 28.42, a P/E/G ratio of 2.89 and a beta of 0.72.

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

Analyst Ratings Changes

AKAM has been the subject of several recent research reports. Robert W. Baird raised Akamai Technologies from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $128.00 to $135.00 in a report on Thursday, March 7th. StockNews.com raised Akamai Technologies from a “hold” rating to a “buy” rating in a report on Thursday, January 25th. JPMorgan Chase & Co. upped their price target on Akamai Technologies from $78.00 to $81.00 and gave the company an “underweight” rating in a research note on Wednesday, February 14th. KeyCorp upped their price target on Akamai Technologies from $134.00 to $138.00 and gave the company an “overweight” rating in a research note on Friday, January 19th. Finally, HSBC cut 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 research note on Thursday, February 15th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $121.27.

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.