Signaturefd LLC Has $182,000 Stock Holdings in Akamai Technologies, Inc. (NASDAQ:AKAM)

Signaturefd LLC grew its position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 9.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,534 shares of the technology infrastructure company’s stock after purchasing an additional 128 shares during the quarter. Signaturefd LLC’s holdings in Akamai Technologies were worth $182,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in AKAM. Planned Solutions Inc. bought a new position in shares of Akamai Technologies during the fourth quarter worth about $37,000. Headinvest LLC bought a new position in shares of Akamai Technologies during the third quarter worth about $40,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of Akamai Technologies during the fourth quarter worth about $43,000. Bruce G. Allen Investments LLC bought a new position in shares of Akamai Technologies during the fourth quarter worth about $44,000. Finally, Lindbrook Capital LLC raised its position in shares of 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 acquiring an additional 125 shares during the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

Akamai Technologies Trading Down 0.1 %

Shares of Akamai Technologies stock opened at $101.68 on Friday. 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 52 week low of $76.85 and a 52 week high of $129.17. The stock has a 50 day moving average price of $106.97 and a two-hundred day moving average price of $112.30. The stock has a market capitalization of $15.41 billion, a PE ratio of 28.80, a price-to-earnings-growth ratio of 2.87 and a beta of 0.72.

Akamai Technologies (NASDAQ:AKAM) last announced its earnings results 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. The company had revenue of $995.00 million for the quarter, compared to analysts’ expectations of $999.09 million. Akamai Technologies had a return on equity of 14.90% and a net margin of 14.37%. Akamai Technologies’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.01 earnings per share. As a group, equities analysts anticipate that Akamai Technologies, Inc. will post 4.84 earnings per share for the current fiscal year.

Insider Activity at Akamai Technologies

In related news, COO Adam Karon sold 8,394 shares of Akamai Technologies 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 owns 21,046 shares of the company’s stock, valued at $2,278,439.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, COO Adam Karon sold 8,394 shares of Akamai Technologies 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 owns 21,046 shares of the company’s stock, valued at $2,278,439.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Anthony P. Williams sold 3,510 shares of Akamai Technologies stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $112.55, for a total value of $395,050.50. Following the transaction, the executive vice president now directly owns 4,299 shares in the company, valued at approximately $483,852.45. The disclosure for this sale can be found here. Insiders have sold a total of 33,353 shares of company stock valued at $3,688,883 over the last 90 days. Insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

AKAM has been the subject of a number of analyst reports. Piper Sandler raised their price objective on Akamai Technologies from $130.00 to $136.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 14th. Citigroup lowered their target price on Akamai Technologies from $140.00 to $117.00 and set a “neutral” rating for the company in a report on Thursday. StockNews.com upgraded Akamai Technologies from a “hold” rating to a “buy” rating in a report on Thursday, January 25th. HSBC downgraded Akamai Technologies from a “hold” rating to a “reduce” rating and lowered their target price for the stock from $109.00 to $96.00 in a report on Thursday, February 15th. Finally, JPMorgan Chase & Co. lifted their target price on Akamai Technologies from $78.00 to $81.00 and gave the stock an “underweight” rating in a report on Wednesday, February 14th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has given 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.

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.