Capital A Wealth Management LLC Acquires New Holdings in Akamai Technologies, Inc. (NASDAQ:AKAM)

Capital A Wealth Management LLC purchased a new stake in Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,836 shares of the technology infrastructure company's stock, valued at approximately $367,000.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC increased its holdings in Akamai Technologies by 101.4% in the fourth quarter. Brighton Jones LLC now owns 4,016 shares of the technology infrastructure company's stock valued at $384,000 after purchasing an additional 2,022 shares during the period. CX Institutional grew its holdings in Akamai Technologies by 9.0% during the 4th quarter. CX Institutional now owns 10,855 shares of the technology infrastructure company's stock worth $1,038,000 after acquiring an additional 897 shares during the period. Blue Trust Inc. grew its holdings in Akamai Technologies by 21.3% during the 4th quarter. Blue Trust Inc. now owns 8,568 shares of the technology infrastructure company's stock worth $865,000 after acquiring an additional 1,506 shares during the period. Pacer Advisors Inc. grew its holdings in Akamai Technologies by 44.1% during the 4th quarter. Pacer Advisors Inc. now owns 20,343 shares of the technology infrastructure company's stock worth $1,946,000 after acquiring an additional 6,224 shares during the period. Finally, Cascade Investment Advisors Inc. acquired a new stake in Akamai Technologies during the 4th quarter worth about $827,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AKAM. Royal Bank of Canada cut their price objective on shares of Akamai Technologies from $100.00 to $90.00 and set a "sector perform" rating on the stock 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. JPMorgan Chase & Co. dropped their target price on shares of Akamai Technologies from $76.00 to $72.00 and set an "underweight" rating on the stock in a research report on Friday, February 21st. Bank of America lowered shares of Akamai Technologies from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $125.00 to $100.00 in a research note on Friday, February 21st. Finally, TD Cowen lowered shares of Akamai Technologies from a "buy" rating to a "hold" rating and decreased their price target for the stock from $125.00 to $98.00 in a research note on Friday, February 21st. One analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $103.26.

Insider Activity at Akamai Technologies

In other Akamai Technologies news, COO Adam Karon sold 6,431 shares of the company's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $80.49, for a total value of $517,631.19. Following the sale, the chief operating officer now owns 14,239 shares in the company, valued at approximately $1,146,097.11. This represents a 31.11% 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 this link. Also, EVP Aaron Ahola sold 4,000 shares of the company's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $80.92, for a total transaction of $323,680.00. Following the completion of the sale, the executive vice president now owns 25,211 shares in the company, valued at approximately $2,040,074.12. This trade represents a 13.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 48,478 shares of company stock worth $3,991,190 over the last 90 days. 2.00% of the stock is owned by company insiders.

Akamai Technologies Trading Down 0.6%

Shares of AKAM stock traded down $0.43 during mid-day trading on Friday, reaching $75.66. The stock had a trading volume of 3,105,149 shares, compared to its average volume of 2,012,402. The stock's 50-day moving average price is $77.35 and its two-hundred day moving average price is $87.09. Akamai Technologies, Inc. has a 52-week low of $67.51 and a 52-week high of $106.80. The firm has a market capitalization of $11.06 billion, a PE ratio of 23.21, a price-to-earnings-growth ratio of 2.74 and a beta of 0.82. 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 released its quarterly earnings data 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 net margin of 12.65% and a return on equity of 14.35%. The firm had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $1.01 billion. During the same quarter in the previous year, the company earned $1.64 earnings per share. The company's revenue for the quarter was up 2.9% compared to the same quarter last year. Equities analysts expect that Akamai Technologies, Inc. will post 4.6 earnings per share for the current fiscal year.

Akamai Technologies 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.