Hsbc Holdings PLC Boosts Stake in Akamai Technologies, Inc. (NASDAQ:AKAM)

Hsbc Holdings PLC grew its position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 43.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 778,208 shares of the technology infrastructure company's stock after purchasing an additional 235,394 shares during the period. Hsbc Holdings PLC owned approximately 0.52% of Akamai Technologies worth $74,473,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in AKAM. TCTC Holdings LLC lifted its holdings in Akamai Technologies by 17.0% during the fourth quarter. TCTC Holdings LLC now owns 702 shares of the technology infrastructure company's stock worth $67,000 after buying an additional 102 shares during the period. Orion Portfolio Solutions LLC lifted its stake 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 purchasing an additional 114 shares during the last quarter. Koshinski Asset Management Inc. grew its stake in Akamai Technologies by 1.5% in the fourth 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 raised its holdings in Akamai Technologies by 4.5% in the fourth quarter. Delta Capital Management LLC now owns 2,790 shares of the technology infrastructure company's stock worth $267,000 after purchasing an additional 120 shares in the last quarter. Finally, Tandem Investment Advisors Inc. boosted its holdings in shares of Akamai Technologies by 0.5% in the 4th 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. 94.28% of the stock is owned by institutional investors.

Insider Transactions at Akamai Technologies

In related news, EVP Mani Sundaram sold 10,683 shares of Akamai Technologies stock in a transaction that occurred 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 transaction, the executive vice president now owns 23,988 shares in the company, valued at approximately $2,075,441.76. This trade represents a 30.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Aaron Ahola sold 4,000 shares of the company's stock in a transaction 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 sale, the executive vice president now owns 25,211 shares of the company's stock, valued at approximately $2,040,074.12. The trade was a 13.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 31,394 shares of company stock valued at $2,653,043 over the last 90 days. 1.80% of the stock is currently owned by corporate insiders.

Akamai Technologies Price Performance

Shares of NASDAQ AKAM traded up $0.78 during trading on Tuesday, hitting $80.96. The company had a trading volume of 233,470 shares, compared to its average volume of 1,929,297. 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 quick ratio of 1.33, a current ratio of 1.23 and a debt-to-equity ratio of 0.49. The stock has a fifty day simple moving average of $78.76 and a two-hundred day simple moving average of $90.68. The firm has a market capitalization of $11.83 billion, a price-to-earnings ratio of 24.76, a price-to-earnings-growth ratio of 2.74 and a beta of 0.80.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last released 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 net margin of 12.65% and a return on equity of 14.35%. The firm had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.02 billion. On average, research analysts expect that Akamai Technologies, Inc. will post 4.6 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Craig Hallum cut shares of Akamai Technologies from a "buy" rating to a "hold" rating and set a $90.00 target price for the company. in a research report on Friday, February 21st. Needham & Company LLC reissued a "hold" rating on shares of Akamai Technologies in a research report on Friday, February 21st. TD Cowen lowered Akamai Technologies from a "buy" rating to a "hold" rating and reduced their target price for the company from $125.00 to $98.00 in a research report on Friday, February 21st. Bank of America lowered Akamai Technologies from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $125.00 to $100.00 in a research note on Friday, February 21st. Finally, JPMorgan Chase & Co. lowered their target price 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. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Akamai Technologies presently has a consensus 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.