Planned Solutions Inc. Invests $37,000 in Akamai Technologies, Inc. (NASDAQ:AKAM)

Planned Solutions Inc. purchased a new position in shares of Akamai Technologies, Inc. (NASDAQ:AKAMFree Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 310 shares of the technology infrastructure company’s stock, valued at approximately $37,000.

A number of other hedge funds have also bought and sold shares of the company. Raymond James Financial Services Advisors Inc. grew its position in Akamai Technologies by 0.3% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 34,816 shares of the technology infrastructure company’s stock valued at $4,120,000 after buying an additional 97 shares in the last quarter. Xponance Inc. boosted its holdings in shares of Akamai Technologies by 0.5% in the third quarter. Xponance Inc. now owns 20,620 shares of the technology infrastructure company’s stock valued at $2,197,000 after acquiring an additional 110 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Akamai Technologies by 0.7% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 16,517 shares of the technology infrastructure company’s stock worth $1,760,000 after purchasing an additional 116 shares in the last quarter. Shell Asset Management Co. lifted its position in Akamai Technologies by 1.2% in the third quarter. Shell Asset Management Co. now owns 9,800 shares of the technology infrastructure company’s stock worth $1,044,000 after purchasing an additional 116 shares during the period. Finally, Two Sigma Securities LLC boosted its stake in Akamai Technologies by 3.6% during the 1st quarter. Two Sigma Securities LLC now owns 3,605 shares of the technology infrastructure company’s stock valued at $282,000 after purchasing an additional 126 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on AKAM shares. Robert W. Baird upgraded Akamai Technologies from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $128.00 to $135.00 in a report on Thursday, March 7th. KeyCorp lifted their price objective on shares of Akamai Technologies from $134.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday, January 19th. JPMorgan Chase & Co. raised 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. Susquehanna assumed coverage on Akamai Technologies in a report on Friday, December 15th. They issued a “positive” rating and a $150.00 price target on the stock. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $115.00 price objective on shares of Akamai Technologies in a research note on Wednesday, February 14th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Akamai Technologies has an average rating of “Moderate Buy” and a consensus target price of $119.50.

Check Out Our Latest Stock Analysis on AKAM

Insider Buying and Selling at Akamai Technologies

In other news, COO Adam Karon sold 14,349 shares of the firm’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $109.78, for a total transaction of $1,575,233.22. Following the transaction, the chief operating officer now owns 6,697 shares in the company, valued at approximately $735,196.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Akamai Technologies news, EVP Anthony P. Williams sold 4,500 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $108.73, for a total transaction of $489,285.00. Following the completion of the sale, the executive vice president now owns 14,938 shares of the company’s stock, valued at $1,624,208.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Adam Karon sold 14,349 shares of Akamai Technologies stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $109.78, for a total transaction of $1,575,233.22. Following the completion of the transaction, the chief operating officer now directly owns 6,697 shares in the company, valued at approximately $735,196.66. The disclosure for this sale can be found here. Insiders sold 37,353 shares of company stock worth $4,159,203 over the last ninety days. 1.80% of the stock is currently owned by insiders.

Akamai Technologies Trading Down 0.8 %

NASDAQ AKAM opened at $108.76 on Friday. The company has a market capitalization of $16.48 billion, a PE ratio of 30.81, a price-to-earnings-growth ratio of 3.09 and a beta of 0.72. Akamai Technologies, Inc. has a 1-year low of $76.28 and a 1-year high of $129.17. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.77. The firm’s fifty day simple moving average is $114.53 and its 200-day simple moving average is $112.61.

Akamai Technologies (NASDAQ:AKAMGet Free Report) last posted its quarterly 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. The company had revenue of $995.00 million during the quarter, compared to the consensus estimate of $999.09 million. Akamai Technologies had a return on equity of 14.90% and a net margin of 14.37%. The business’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period last year, the business earned $1.01 EPS. As a group, sell-side analysts anticipate that Akamai Technologies, Inc. will post 4.84 earnings per share for the current fiscal year.

Akamai Technologies Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Akamai Technologies (NASDAQ:AKAM)

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