Akamai Technologies, Inc. (NASDAQ:AKAM) Shares Purchased by Signaturefd LLC

Signaturefd LLC grew its stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAMFree Report) by 10.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 1,402 shares of the technology infrastructure company’s stock after acquiring an additional 129 shares during the period. Signaturefd LLC’s holdings in Akamai Technologies were worth $142,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Versant Capital Management Inc lifted its holdings in shares of Akamai Technologies by 170.8% during the second quarter. Versant Capital Management Inc now owns 306 shares of the technology infrastructure company’s stock valued at $28,000 after purchasing an additional 193 shares during the last quarter. Innealta Capital LLC acquired a new stake in Akamai Technologies during the 2nd quarter worth about $28,000. EntryPoint Capital LLC purchased a new stake in Akamai Technologies during the first quarter valued at about $31,000. Family Firm Inc. acquired a new position in shares of Akamai Technologies in the second quarter worth about $35,000. Finally, Covestor Ltd increased its position in shares of Akamai Technologies by 224.6% in the first quarter. Covestor Ltd now owns 448 shares of the technology infrastructure company’s stock worth $48,000 after acquiring an additional 310 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Wall Street Analyst Weigh In

AKAM has been the subject of a number of recent analyst reports. Guggenheim raised shares of Akamai Technologies from a “neutral” rating to a “buy” rating and set a $128.00 price objective for the company in a research note on Monday, July 29th. Hsbc Global Res raised Akamai Technologies from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, July 24th. Needham & Company LLC restated a “hold” rating on shares of Akamai Technologies in a research report on Friday, August 9th. Craig Hallum raised Akamai Technologies from a “hold” rating to a “buy” rating and lifted their target price for the company from $110.00 to $125.00 in a research note on Friday, August 9th. Finally, Piper Sandler reduced their price target on shares of Akamai Technologies from $114.00 to $112.00 and set an “overweight” rating for the company in a research report on Monday, July 15th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $116.47.

Check Out Our Latest Research Report on Akamai Technologies

Akamai Technologies Trading Down 0.8 %

Shares of AKAM stock opened at $101.97 on Monday. The business’s 50 day moving average is $100.99 and its two-hundred day moving average is $97.23. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.50. Akamai Technologies, Inc. has a 12 month low of $87.59 and a 12 month high of $129.17. The company has a market cap of $15.53 billion, a PE ratio of 25.37, a price-to-earnings-growth ratio of 3.31 and a beta of 0.68.

Akamai Technologies (NASDAQ:AKAMGet Free Report) last announced its earnings results on Thursday, August 8th. The technology infrastructure company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.53 by $0.05. The firm had revenue of $979.60 million for the quarter, compared to the consensus estimate of $977.67 million. Akamai Technologies had a net margin of 16.01% and a return on equity of 14.78%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.01 EPS. Equities analysts predict that Akamai Technologies, Inc. will post 4.42 EPS for the current year.

Insider Buying and Selling

In other Akamai Technologies news, EVP Paul C. Joseph sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $97.30, for a total value of $389,200.00. Following the sale, the executive vice president now owns 30,703 shares of the company’s stock, valued at $2,987,401.90. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, Director William Raymond Wagner sold 1,000 shares of Akamai Technologies stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $100.73, for a total transaction of $100,730.00. Following the sale, the director now directly owns 16,719 shares of the company’s stock, valued at $1,684,104.87. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Paul C. Joseph sold 4,000 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $97.30, for a total value of $389,200.00. Following the transaction, the executive vice president now owns 30,703 shares in the company, valued at $2,987,401.90. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,500 shares of company stock valued at $741,655. Insiders own 1.80% of the company’s stock.

About Akamai Technologies

(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.

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

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