Quantinno Capital Management LP Has $1.39 Million Holdings in Akamai Technologies, Inc. (NASDAQ:AKAM)

Quantinno Capital Management LP lessened its holdings in Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 23.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,540 shares of the technology infrastructure company's stock after selling 4,353 shares during the period. Quantinno Capital Management LP's holdings in Akamai Technologies were worth $1,391,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in AKAM. Itau Unibanco Holding S.A. boosted its holdings in Akamai Technologies by 99.6% in the 4th quarter. Itau Unibanco Holding S.A. now owns 469 shares of the technology infrastructure company's stock worth $45,000 after acquiring an additional 234 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Akamai Technologies during the fourth quarter worth $49,000. Wolverine Asset Management LLC acquired a new position in shares of Akamai Technologies during the fourth quarter worth $57,000. LRI Investments LLC boosted its stake in shares of Akamai Technologies by 500.0% in the fourth quarter. LRI Investments LLC now owns 624 shares of the technology infrastructure company's stock valued at $60,000 after purchasing an additional 520 shares during the period. Finally, TCTC Holdings LLC grew its holdings in Akamai Technologies by 17.0% during the 4th quarter. TCTC Holdings LLC now owns 702 shares of the technology infrastructure company's stock valued at $67,000 after purchasing an additional 102 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on AKAM shares. UBS Group boosted their price objective on shares of Akamai Technologies from $85.00 to $90.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. Needham & Company LLC reiterated a "hold" rating on shares of Akamai Technologies in a research note on Friday, February 21st. Scotiabank reduced their price target on Akamai Technologies from $107.00 to $105.00 and set a "sector outperform" rating for the company in a report on Friday, May 9th. Susquehanna dropped 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. Finally, TD Cowen lowered Akamai Technologies from a "buy" rating to a "hold" rating and cut their target price for the company from $125.00 to $98.00 in a research report on Friday, February 21st. One research analyst has rated the stock with a sell rating, nine have assigned 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, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $103.26.

Akamai Technologies Stock Performance

Shares of NASDAQ AKAM traded down $0.82 during midday trading on Wednesday, hitting $77.07. The company's stock had a trading volume of 184,198 shares, compared to its average volume of 2,002,817. The firm has a market cap of $11.27 billion, a P/E ratio of 23.67, a P/E/G ratio of 2.74 and a beta of 0.82. The firm's fifty day moving average price is $77.70 and its 200-day moving average price is $87.37. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.33 and a current ratio of 1.23. 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 data on Thursday, May 8th. The technology infrastructure company reported $1.70 earnings per share 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 business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the company posted $1.64 earnings per share. The company's quarterly revenue was up 2.9% compared to the same quarter last year. On average, sell-side analysts forecast that Akamai Technologies, Inc. will post 4.6 EPS for the current fiscal year.

Insider Buying and Selling at Akamai Technologies

In other Akamai Technologies news, COO Adam Karon sold 3,927 shares of the company's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $85.02, for a total value of $333,873.54. Following the completion of the sale, the chief operating officer now directly owns 10,809 shares of the company's stock, valued at approximately $918,981.18. This represents a 26.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO F Thomson Leighton bought 37,670 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The stock was acquired at an average price of $79.58 per share, for a total transaction of $2,997,778.60. Following the completion of the acquisition, the chief executive officer now directly owns 137,342 shares in the company, valued at approximately $10,929,676.36. This represents a 37.79% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 35,321 shares of company stock valued at $2,986,916. 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.