Marshall Wace LLP Sells 46,795 Shares of Akamai Technologies, Inc. (NASDAQ:AKAM)

Marshall Wace LLP lowered its holdings in Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 21.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 175,035 shares of the technology infrastructure company's stock after selling 46,795 shares during the period. Marshall Wace LLP owned approximately 0.12% of Akamai Technologies worth $16,742,000 at the end of the most recent quarter.

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

Insiders Place Their Bets

In other Akamai Technologies news, CFO Edward J. Mcgowan sold 4,652 shares of the business's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $86.48, for a total value of $402,304.96. Following the transaction, the chief financial officer now directly owns 34,510 shares in the company, valued at $2,984,424.80. The trade was a 11.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Aaron Ahola sold 4,000 shares of the company's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $80.92, for a total value of $323,680.00. Following the completion of the transaction, the executive vice president now owns 25,211 shares in the company, valued at approximately $2,040,074.12. The trade was a 13.69 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,394 shares of company stock valued at $2,653,043. Corporate insiders own 1.80% of the company's stock.

Akamai Technologies Stock Up 0.7 %

Shares of Akamai Technologies stock traded up $0.59 during trading hours on Friday, reaching $79.79. The company's stock had a trading volume of 1,307,135 shares, compared to its average volume of 1,933,665. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.33 and a current ratio of 1.23. Akamai Technologies, Inc. has a one year low of $67.51 and a one year high of $106.80. The company has a market capitalization of $11.66 billion, a P/E ratio of 24.48, a P/E/G ratio of 2.74 and a beta of 0.80. The stock's fifty day simple moving average is $79.17 and its two-hundred day simple moving average is $91.02.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last posted its earnings results on Thursday, February 20th. The technology infrastructure company reported $1.19 earnings per share for the quarter, missing analysts' consensus estimates of $1.52 by ($0.33). Akamai Technologies had a net margin of 12.65% and a return on equity of 14.35%. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. On average, research analysts forecast that Akamai Technologies, Inc. will post 4.6 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AKAM. TD Cowen downgraded Akamai Technologies from a "buy" rating to a "hold" rating and cut their price objective for the company from $125.00 to $98.00 in a report on Friday, February 21st. Citigroup lowered their price objective on Akamai Technologies from $102.00 to $95.00 and set a "neutral" rating for the company in a research note on Monday, February 24th. Bank of America downgraded shares of Akamai Technologies from a "buy" rating to a "neutral" rating and cut their target price for the stock from $125.00 to $100.00 in a research report on Friday, February 21st. JPMorgan Chase & Co. dropped their price target on shares of Akamai Technologies from $76.00 to $72.00 and set an "underweight" rating for the company in a research note on Friday, February 21st. Finally, Susquehanna decreased their price objective on Akamai Technologies from $110.00 to $105.00 and set a "positive" rating for the company in a report on Friday, February 21st. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $104.75.

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.