Siemens Fonds Invest GmbH Makes New $2.46 Million Investment in Akamai Technologies, Inc. (NASDAQ:AKAM)

Siemens Fonds Invest GmbH purchased a new position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 23,325 shares of the technology infrastructure company's stock, valued at approximately $2,455,000.

Other large investors also recently made changes to their positions in the company. Itau Unibanco Holding S.A. boosted its stake in Akamai Technologies by 99.6% during the 4th quarter. Itau Unibanco Holding S.A. now owns 469 shares of the technology infrastructure company's stock valued at $45,000 after purchasing an additional 234 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Akamai Technologies during the 4th quarter worth approximately $49,000. Wolverine Asset Management LLC acquired a new stake in Akamai Technologies during the 4th quarter valued at $57,000. LRI Investments LLC increased its holdings in Akamai Technologies by 500.0% during the 4th 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 in the last quarter. Finally, TCTC Holdings LLC increased 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 own 94.28% of the company's stock.

Insider Activity

In other news, EVP Kim Salem-Jackson sold 13,157 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $76.33, for a total value of $1,004,273.81. Following the completion of the sale, the executive vice president now directly owns 43,575 shares in the company, valued at $3,326,079.75. This trade represents a 23.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Adam Karon sold 6,431 shares of the firm's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $80.49, for a total transaction of $517,631.19. Following the completion of the transaction, the chief operating officer now directly owns 14,239 shares in the company, valued at approximately $1,146,097.11. The trade was a 31.11% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 48,478 shares of company stock worth $3,991,190. Insiders own 2.00% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Raymond James lowered their target price on Akamai Technologies from $115.00 to $110.00 and set an "outperform" rating for the company in a research note on Friday, February 21st. Oppenheimer began coverage on Akamai Technologies in a report on Thursday, March 20th. They set an "outperform" rating and a $100.00 target price on the stock. Susquehanna dropped their target price on Akamai Technologies from $110.00 to $105.00 and set a "positive" rating on the stock in a report on Friday, February 21st. Morgan Stanley dropped their target price on Akamai Technologies from $102.00 to $90.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Finally, Wall Street Zen upgraded Akamai Technologies from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Akamai Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $103.26.

Akamai Technologies Price Performance

NASDAQ AKAM traded down $0.43 on Friday, hitting $75.66. 3,105,149 shares of the company's stock were exchanged, compared to its average volume of 2,007,237. The stock has a 50-day moving average of $77.35 and a 200-day moving average of $87.07. 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, Inc. has a 52 week low of $67.51 and a 52 week high of $106.80. The stock has a market cap of $11.06 billion, a price-to-earnings ratio of 23.21, a P/E/G ratio of 2.74 and a beta of 0.82.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last released its earnings results 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 return on equity of 14.35% and a net margin of 12.65%. The firm had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.01 billion. During the same period in the prior year, the company earned $1.64 earnings per share. The company's quarterly revenue was up 2.9% on a year-over-year basis. Analysts expect that Akamai Technologies, Inc. will post 4.6 earnings per share for the current 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.