Two Sigma Securities LLC Sells 5,171 Shares of Akamai Technologies, Inc. (NASDAQ:AKAM)

Two Sigma Securities LLC trimmed its position in Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 45.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,229 shares of the technology infrastructure company's stock after selling 5,171 shares during the quarter. Two Sigma Securities LLC's holdings in Akamai Technologies were worth $596,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of AKAM. Norges Bank bought a new stake in shares of Akamai Technologies in the 4th quarter worth approximately $477,454,000. First Trust Advisors LP increased its position in Akamai Technologies by 15.6% in the fourth quarter. First Trust Advisors LP now owns 5,116,398 shares of the technology infrastructure company's stock worth $489,383,000 after buying an additional 690,341 shares during the period. National Pension Service lifted its stake in shares of Akamai Technologies by 595.3% in the 4th quarter. National Pension Service now owns 318,912 shares of the technology infrastructure company's stock worth $30,504,000 after acquiring an additional 273,043 shares during the period. Hsbc Holdings PLC increased its stake in shares of Akamai Technologies by 43.4% during the fourth quarter. Hsbc Holdings PLC now owns 778,208 shares of the technology infrastructure company's stock valued at $74,473,000 after acquiring an additional 235,394 shares during the period. Finally, Distillate Capital Partners LLC acquired a new stake in Akamai Technologies in the fourth quarter worth approximately $15,347,000. Institutional investors own 94.28% of the company's stock.

Akamai Technologies Stock Up 1.1 %

NASDAQ AKAM traded up $0.92 during trading on Thursday, hitting $81.50. 382,538 shares of the company traded hands, compared to its average volume of 1,929,473. Akamai Technologies, Inc. has a 12 month low of $67.51 and a 12 month high of $106.80. The business has a fifty day simple moving average of $78.50 and a 200 day simple moving average of $90.54. The company has a market capitalization of $11.91 billion, a P/E ratio of 25.01, a PEG ratio of 2.74 and a beta of 0.80. The company has a current ratio of 1.23, a quick ratio of 1.33 and a debt-to-equity ratio of 0.49.

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 the consensus estimate of $1.52 by ($0.33). Akamai Technologies had a return on equity of 14.35% and a net margin of 12.65%. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. As a group, sell-side analysts predict that Akamai Technologies, Inc. will post 4.6 EPS for the current year.

Insider Activity at Akamai Technologies

In other Akamai Technologies news, EVP Aaron Ahola sold 4,000 shares of Akamai Technologies stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $80.92, for a total value of $323,680.00. Following the transaction, the executive vice president now directly owns 25,211 shares of the company's stock, valued at $2,040,074.12. The trade was a 13.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Mani Sundaram sold 10,683 shares of the company's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $86.52, for a total value of $924,293.16. Following 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 disclosure for this sale can be found here. In the last three months, insiders have sold 31,394 shares of company stock worth $2,653,043. 2.00% of the stock is owned by insiders.

Analysts Set New Price Targets

AKAM has been the topic of a number of research reports. TD Cowen downgraded Akamai Technologies from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $125.00 to $98.00 in a research note on Friday, February 21st. Susquehanna lowered their price objective on shares of Akamai Technologies from $110.00 to $105.00 and set a "positive" rating on the stock in a research note on Friday, February 21st. Bank of America lowered shares of Akamai Technologies from a "buy" rating to a "neutral" rating and cut their target price for the company from $125.00 to $100.00 in a research note on Friday, February 21st. Royal Bank of Canada cut their price objective on Akamai Technologies from $100.00 to $90.00 and set a "sector perform" rating for the company in a research report on Friday, February 21st. Finally, Oppenheimer initiated coverage on Akamai Technologies in a research note on Thursday, March 20th. They set an "outperform" rating and a $100.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target 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.