Akamai Technologies, Inc. (NASDAQ:AKAM) Shares Bought by Vontobel Holding Ltd.

Vontobel Holding Ltd. lifted its stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 234.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 595,569 shares of the technology infrastructure company's stock after purchasing an additional 417,260 shares during the period. Vontobel Holding Ltd. owned about 0.41% of Akamai Technologies worth $47,943,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Mather Group LLC. boosted its holdings in Akamai Technologies by 97.4% in the 1st quarter. Mather Group LLC. now owns 1,224 shares of the technology infrastructure company's stock worth $99,000 after buying an additional 604 shares during the last quarter. Amalgamated Bank lifted its position in shares of Akamai Technologies by 0.5% in the first quarter. Amalgamated Bank now owns 29,080 shares of the technology infrastructure company's stock valued at $2,341,000 after acquiring an additional 139 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Akamai Technologies by 12.3% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,661 shares of the technology infrastructure company's stock worth $1,814,000 after acquiring an additional 2,489 shares during the last quarter. Achmea Investment Management B.V. purchased a new stake in shares of Akamai Technologies during the first quarter worth approximately $21,626,000. Finally, Asset Management One Co. Ltd. raised its stake in Akamai Technologies by 2.6% in the 1st quarter. Asset Management One Co. Ltd. now owns 60,508 shares of the technology infrastructure company's stock valued at $4,871,000 after purchasing an additional 1,550 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company's stock.

Insider Transactions at Akamai Technologies

In other news, COO Adam Karon sold 3,927 shares of the stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $85.02, for a total transaction of $333,873.54. Following the sale, the chief operating officer owned 10,809 shares of the company's stock, valued at approximately $918,981.18. This represents a 26.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kim Salem-Jackson sold 13,157 shares of Akamai Technologies stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $76.33, for a total transaction of $1,004,273.81. Following the completion of the transaction, the executive vice president owned 43,575 shares of the company's stock, valued at $3,326,079.75. This trade represents a 23.19% decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is owned by corporate insiders.

Akamai Technologies Trading Down 0.3%

Shares of AKAM stock traded down $0.26 during trading hours on Friday, hitting $79.20. The company had a trading volume of 1,159,299 shares, compared to its average volume of 2,079,896. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.18 and a quick ratio of 1.18. The stock has a market capitalization of $11.58 billion, a PE ratio of 26.67, a price-to-earnings-growth ratio of 2.51 and a beta of 0.77. The company's fifty day moving average is $78.71 and its 200 day moving average is $84.35. Akamai Technologies, Inc. has a fifty-two week low of $67.51 and a fifty-two week high of $106.80.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last announced its earnings results on Thursday, May 8th. The technology infrastructure company reported $1.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.58 by $0.12. Akamai Technologies had a return on equity of 14.09% and a net margin of 11.26%. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the company earned $1.64 earnings per share. The firm's quarterly revenue was up 2.9% compared to the same quarter last year. Research analysts expect that Akamai Technologies, Inc. will post 4.6 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on AKAM. Piper Sandler reaffirmed a "neutral" rating and set a $88.00 target price (up previously from $80.00) on shares of Akamai Technologies in a research note on Friday, May 9th. Morgan Stanley lowered their price target on shares of Akamai Technologies from $102.00 to $90.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. UBS Group upped their price objective on shares of Akamai Technologies from $85.00 to $90.00 and gave the company a "neutral" rating in a research note on Friday, May 9th. Oppenheimer started coverage on shares of Akamai Technologies in a research note on Thursday, March 20th. They issued an "outperform" rating and a $100.00 target price on the stock. Finally, KeyCorp initiated coverage on Akamai Technologies in a research report on Friday, June 6th. They issued an "underweight" rating and a $63.00 price target for the company. Two analysts have rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Akamai Technologies presently has a consensus rating of "Hold" and an average price target of $101.25.

About Akamai Technologies

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.