4,791 Shares in Akamai Technologies, Inc. (NASDAQ:AKAM) Acquired by Woodline Partners LP

Woodline Partners LP acquired a new position in Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,791 shares of the technology infrastructure company's stock, valued at approximately $458,000.

A number of other large investors have also recently made changes to their positions in AKAM. First Trust Advisors LP lifted its stake in shares of Akamai Technologies by 15.6% during the 4th quarter. First Trust Advisors LP now owns 5,116,398 shares of the technology infrastructure company's stock valued at $489,383,000 after buying an additional 690,341 shares in the last quarter. Norges Bank purchased a new position in shares of Akamai Technologies during the 4th quarter valued at $477,454,000. Earnest Partners LLC lifted its stake in shares of Akamai Technologies by 2.7% during the 4th quarter. Earnest Partners LLC now owns 2,215,735 shares of the technology infrastructure company's stock valued at $211,935,000 after buying an additional 58,013 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Akamai Technologies by 9.6% during the 4th quarter. Northern Trust Corp now owns 1,861,845 shares of the technology infrastructure company's stock valued at $178,085,000 after buying an additional 163,472 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Akamai Technologies by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 922,244 shares of the technology infrastructure company's stock valued at $88,213,000 after buying an additional 29,888 shares in the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Akamai Technologies Trading Down 0.6%

Shares of Akamai Technologies stock traded down $0.43 during trading hours on Friday, hitting $75.66. The company's stock had a trading volume of 3,105,149 shares, compared to its average volume of 2,007,237. Akamai Technologies, Inc. has a 1-year low of $67.51 and a 1-year high of $106.80. The business has a fifty day moving average of $77.35 and a 200 day moving average of $87.07. The company has a market capitalization of $11.06 billion, a PE ratio of 23.21, a P/E/G ratio of 2.74 and a beta of 0.82. The company has a quick ratio of 1.33, a current ratio of 1.23 and a debt-to-equity ratio of 0.49.

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, beating analysts' consensus estimates of $1.58 by $0.12. The company had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.01 billion. Akamai Technologies had a net margin of 12.65% and a return on equity of 14.35%. The firm's revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.64 EPS. As a group, equities analysts forecast that Akamai Technologies, Inc. will post 4.6 EPS for the current year.

Insider Activity

In other news, COO Adam Karon sold 6,431 shares of the 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 transaction, the chief operating officer now owns 14,239 shares of the company's stock, valued at approximately $1,146,097.11. This trade represents a 31.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Aaron Ahola sold 4,000 shares of the 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 transaction, the executive vice president now directly owns 25,211 shares in the company, valued at $2,040,074.12. The trade was a 13.69% decrease in their position. The disclosure for this sale can be found here. Insiders sold 48,478 shares of company stock worth $3,991,190 over the last ninety days. Corporate insiders own 2.00% of the company's stock.

Wall Street Analyst Weigh In

AKAM has been the topic of several research analyst reports. Oppenheimer initiated coverage on shares of Akamai Technologies in a research note on Thursday, March 20th. They issued an "outperform" rating and a $100.00 price target on the stock. Wall Street Zen upgraded shares of Akamai Technologies from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. UBS Group boosted their price target on shares of Akamai Technologies from $85.00 to $90.00 and gave the stock a "neutral" rating in a research note on Friday, May 9th. Craig Hallum cut shares of Akamai Technologies from a "buy" rating to a "hold" rating and set a $90.00 price target on the stock. in a research note on Friday, February 21st. Finally, Needham & Company LLC restated a "hold" rating on shares of Akamai Technologies in a report on Friday, February 21st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $103.26.

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.