North Star Asset Management Inc. Has $10.91 Million Stock Position in Akamai Technologies, Inc. (NASDAQ:AKAM)

North Star Asset Management Inc. trimmed its holdings in shares of Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 3.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 114,023 shares of the technology infrastructure company's stock after selling 4,101 shares during the period. North Star Asset Management Inc. owned approximately 0.08% of Akamai Technologies worth $10,906,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in AKAM. Woodline Partners LP acquired a new position in Akamai Technologies in the 4th quarter valued at approximately $458,000. Two Sigma Advisers LP increased its stake in shares of Akamai Technologies by 23.5% in the fourth quarter. Two Sigma Advisers LP now owns 78,900 shares of the technology infrastructure company's stock worth $7,547,000 after acquiring an additional 15,000 shares during the last quarter. Texas Bank & Trust Co acquired a new position in shares of Akamai Technologies in the fourth quarter worth $316,000. Tidal Investments LLC increased its position in Akamai Technologies by 8.0% in the 4th quarter. Tidal Investments LLC now owns 23,908 shares of the technology infrastructure company's stock worth $2,287,000 after purchasing an additional 1,777 shares during the last quarter. Finally, Snowden Capital Advisors LLC acquired a new position in Akamai Technologies in the 4th quarter worth about $270,000. Institutional investors and hedge funds own 94.28% of the company's stock.

Akamai Technologies Stock Performance

Shares of Akamai Technologies stock traded down $0.54 during midday trading on Thursday, hitting $75.88. The company had a trading volume of 550,677 shares, compared to its average volume of 2,003,217. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.23 and a quick ratio of 1.33. The stock has a market cap of $11.09 billion, a PE ratio of 23.32, a P/E/G ratio of 2.74 and a beta of 0.82. The business's 50 day simple moving average is $77.61 and its two-hundred day simple moving average is $87.30. Akamai Technologies, Inc. has a 1-year low of $67.51 and a 1-year high of $106.80.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The technology infrastructure company reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.12. 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 for the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the business posted $1.64 EPS. The business's quarterly revenue was up 2.9% on a year-over-year basis. As a group, equities analysts predict that Akamai Technologies, Inc. will post 4.6 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on AKAM. 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 report on Friday, February 21st. Royal Bank of Canada lowered their target price 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. Raymond James lowered their target price on shares of Akamai Technologies from $115.00 to $110.00 and set an "outperform" rating on the stock in a research report on Friday, February 21st. Wall Street Zen raised shares of Akamai Technologies from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Finally, Susquehanna lowered their price objective on Akamai Technologies from $110.00 to $105.00 and set a "positive" rating on the stock in a report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $103.26.

Insider Transactions at Akamai Technologies

In other news, EVP Aaron Ahola sold 4,000 shares of the business'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 sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Adam Karon sold 3,927 shares of the business's 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 completion of the transaction, the chief operating officer now owns 10,809 shares in the company, valued at approximately $918,981.18. This trade represents a 26.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 48,478 shares of company stock valued at $3,991,190. 2.00% of the stock is owned by corporate insiders.

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.