Greenleaf Trust Raises Stake in Akamai Technologies, Inc. (NASDAQ:AKAM)

Greenleaf Trust boosted its holdings in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 10.2% during the 4th quarter, HoldingsChannel reports. The firm owned 2,457 shares of the technology infrastructure company’s stock after purchasing an additional 228 shares during the period. Greenleaf Trust’s holdings in Akamai Technologies were worth $291,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. lifted its stake in shares of 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 worth $4,120,000 after acquiring an additional 97 shares during the period. ORG Partners LLC lifted its stake in shares of Akamai Technologies by 16.7% in the 4th quarter. ORG Partners LLC now owns 700 shares of the technology infrastructure company’s stock worth $83,000 after acquiring an additional 100 shares during the period. Private Trust Co. NA lifted its stake in shares of Akamai Technologies by 17.9% in the 4th quarter. Private Trust Co. NA now owns 711 shares of the technology infrastructure company’s stock worth $84,000 after acquiring an additional 108 shares during the period. Xponance Inc. lifted its stake in shares of Akamai Technologies by 0.5% in the 3rd quarter. Xponance Inc. now owns 20,620 shares of the technology infrastructure company’s stock worth $2,197,000 after acquiring an additional 110 shares during the period. Finally, Capital Analysts LLC lifted its stake in shares of Akamai Technologies by 15.5% in the 4th quarter. Capital Analysts LLC now owns 857 shares of the technology infrastructure company’s stock worth $101,000 after acquiring an additional 115 shares during the period. 94.28% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Akamai Technologies

In other news, COO Adam Karon sold 8,394 shares of Akamai Technologies stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $108.26, for a total transaction of $908,734.44. Following the completion of the sale, the chief operating officer now directly owns 21,046 shares in the company, valued at $2,278,439.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, EVP Anthony P. Williams sold 4,500 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $108.73, for a total value of $489,285.00. Following the completion of the sale, the executive vice president now directly owns 14,938 shares in the company, valued at $1,624,208.74. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Adam Karon sold 8,394 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $108.26, for a total transaction of $908,734.44. Following the transaction, the chief operating officer now directly owns 21,046 shares of the company’s stock, valued at approximately $2,278,439.96. The disclosure for this sale can be found here. Insiders sold a total of 33,353 shares of company stock worth $3,688,883 over the last ninety days. 2.00% of the stock is currently owned by corporate insiders.

Akamai Technologies Stock Performance

NASDAQ:AKAM opened at $102.19 on Thursday. 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 has a 50-day moving average price of $107.32 and a two-hundred day moving average price of $112.37. Akamai Technologies, Inc. has a twelve month low of $76.85 and a twelve month high of $129.17. The company has a market capitalization of $15.48 billion, a P/E ratio of 28.95, a price-to-earnings-growth ratio of 2.85 and a beta of 0.72.

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

Analyst Ratings Changes

Several analysts have recently commented on the stock. StockNews.com upgraded shares of Akamai Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, January 25th. KeyCorp raised their price objective on shares of Akamai Technologies from $134.00 to $138.00 and gave the company an “overweight” rating in a research note on Friday, January 19th. HSBC cut shares of Akamai Technologies from a “hold” rating to a “reduce” rating and reduced their price objective for the company from $109.00 to $96.00 in a research note on Thursday, February 15th. Robert W. Baird upgraded shares of Akamai Technologies from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $128.00 to $135.00 in a research note on Thursday, March 7th. Finally, Piper Sandler raised their price objective on shares of Akamai Technologies from $130.00 to $136.00 and gave the company an “overweight” rating in a research note on Wednesday, February 14th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $121.27.

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.