Akamai Technologies, Inc. (NASDAQ:AKAM) Shares Purchased by Captrust Financial Advisors

Captrust Financial Advisors raised its stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 17.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,038 shares of the technology infrastructure company's stock after purchasing an additional 3,792 shares during the quarter. Captrust Financial Advisors' holdings in Akamai Technologies were worth $2,491,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. TCTC Holdings LLC increased its holdings in Akamai Technologies by 17.0% in the fourth quarter. TCTC Holdings LLC now owns 702 shares of the technology infrastructure company's stock valued at $67,000 after buying an additional 102 shares during the last quarter. Orion Portfolio Solutions LLC boosted its position in shares of Akamai Technologies by 0.6% during the 4th quarter. Orion Portfolio Solutions LLC now owns 19,991 shares of the technology infrastructure company's stock worth $1,912,000 after acquiring an additional 114 shares in the last quarter. Koshinski Asset Management Inc. increased its holdings in shares of Akamai Technologies by 1.5% in the 4th quarter. Koshinski Asset Management Inc. now owns 7,867 shares of the technology infrastructure company's stock valued at $752,000 after acquiring an additional 116 shares during the last quarter. Delta Capital Management LLC raised its position in shares of Akamai Technologies by 4.5% during the 4th quarter. Delta Capital Management LLC now owns 2,790 shares of the technology infrastructure company's stock worth $267,000 after acquiring an additional 120 shares in the last quarter. Finally, Tandem Investment Advisors Inc. lifted its stake in Akamai Technologies by 0.5% during the fourth quarter. Tandem Investment Advisors Inc. now owns 30,096 shares of the technology infrastructure company's stock worth $2,879,000 after purchasing an additional 140 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company's stock.

Analyst Upgrades and Downgrades

AKAM has been the topic of a number of recent analyst reports. Bank of America downgraded shares of Akamai Technologies from a "buy" rating to a "neutral" rating and dropped their target price for the company from $125.00 to $100.00 in a research report on Friday, February 21st. StockNews.com upgraded Akamai Technologies from a "hold" rating to a "buy" rating in a research note on Monday. UBS Group lifted their target price on shares of Akamai Technologies from $85.00 to $90.00 and gave the company a "neutral" rating in a report on Friday, May 9th. Scotiabank decreased their price target on shares of Akamai Technologies from $107.00 to $105.00 and set a "sector outperform" rating for the company in a research note on Friday, May 9th. Finally, Raymond James dropped their price objective on shares of Akamai Technologies from $115.00 to $110.00 and set an "outperform" rating on the stock in a research note on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $103.26.

Akamai Technologies Price Performance

AKAM traded down $1.00 on Thursday, hitting $76.51. 16,397,870 shares of the company were exchanged, compared to its average volume of 1,994,653. Akamai Technologies, Inc. has a fifty-two week low of $67.51 and a fifty-two week high of $106.80. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.33 and a current ratio of 1.23. The firm has a market capitalization of $11.19 billion, a P/E ratio of 23.47, a price-to-earnings-growth ratio of 2.74 and a beta of 0.82. The business's fifty day moving average is $78.49 and its 200 day moving average is $88.95.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The technology infrastructure company reported $1.70 earnings per share for the quarter, topping analysts' consensus estimates of $1.58 by $0.12. The business had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $1.01 billion. Akamai Technologies had a return on equity of 14.35% and a net margin of 12.65%. The company's revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.64 EPS. As a group, sell-side analysts anticipate that Akamai Technologies, Inc. will post 4.6 EPS for the current year.

Insider Activity

In other Akamai Technologies news, EVP Mani Sundaram sold 10,683 shares of the firm's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $86.52, for a total transaction of $924,293.16. Following the completion of the transaction, the executive vice president now owns 23,988 shares of the company's stock, valued at approximately $2,075,441.76. This trade represents a 30.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO F Thomson Leighton acquired 37,670 shares of Akamai Technologies stock in a transaction dated Thursday, February 27th. The stock was bought at an average price of $79.58 per share, for a total transaction of $2,997,778.60. Following the completion of the transaction, the chief executive officer now directly owns 137,342 shares of the company's stock, valued at approximately $10,929,676.36. This represents a 37.79% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 35,321 shares of company stock worth $2,986,916 over the last 90 days. 2.00% of the stock is currently owned by corporate insiders.

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.