Akamai Technologies, Inc. (NASDAQ:AKAM) Position Trimmed by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. decreased its position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 10.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 171,652 shares of the technology infrastructure company's stock after selling 19,044 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.11% of Akamai Technologies worth $16,419,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. TCTC Holdings LLC raised its stake in Akamai Technologies by 17.0% during the fourth quarter. TCTC Holdings LLC now owns 702 shares of the technology infrastructure company's stock worth $67,000 after purchasing an additional 102 shares during the period. Orion Portfolio Solutions LLC lifted its position in shares of Akamai Technologies by 0.6% during the fourth quarter. Orion Portfolio Solutions LLC now owns 19,991 shares of the technology infrastructure company's stock worth $1,912,000 after purchasing an additional 114 shares in the last quarter. Koshinski Asset Management Inc. boosted its position in Akamai Technologies by 1.5% in the 4th quarter. Koshinski Asset Management Inc. now owns 7,867 shares of the technology infrastructure company's stock valued at $752,000 after buying an additional 116 shares during the last quarter. Delta Capital Management LLC boosted its holdings in Akamai Technologies by 4.5% in the fourth quarter. Delta Capital Management LLC now owns 2,790 shares of the technology infrastructure company's stock valued at $267,000 after purchasing an additional 120 shares during the last quarter. Finally, Tandem Investment Advisors Inc. increased its holdings in Akamai Technologies by 0.5% during the 4th quarter. Tandem Investment Advisors Inc. now owns 30,096 shares of the technology infrastructure company's stock worth $2,879,000 after purchasing an additional 140 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company's stock.

Insider Buying and Selling

In other news, CEO F Thomson Leighton bought 37,670 shares of the business's stock in a transaction on Thursday, February 27th. The stock was purchased at an average cost of $79.58 per share, for a total transaction of $2,997,778.60. Following the completion of the transaction, the chief executive officer now directly owns 137,342 shares of the company's stock, valued at approximately $10,929,676.36. This trade represents a 37.79% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Edward J. Mcgowan sold 4,652 shares of Akamai Technologies stock in a transaction on Monday, March 10th. The shares were sold at an average price of $86.48, for a total value of $402,304.96. Following the transaction, the chief financial officer now owns 34,510 shares in the company, valued at approximately $2,984,424.80. This trade represents a 11.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,321 shares of company stock valued at $2,986,916 over the last 90 days. 2.00% of the stock is currently owned by company insiders.

Akamai Technologies Stock Performance

Shares of NASDAQ AKAM traded down $0.18 during midday trading on Wednesday, hitting $77.31. 322,450 shares of the company's stock were exchanged, compared to its average volume of 1,988,529. Akamai Technologies, Inc. has a twelve month low of $67.51 and a twelve month high of $106.80. The firm has a market cap of $11.30 billion, a P/E ratio of 23.68, a PEG ratio of 2.74 and a beta of 0.82. The stock's 50 day moving average price is $78.23 and its 200-day moving average price is $88.18. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.23 and a quick ratio of 1.33.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last announced its earnings results on Thursday, May 8th. The technology infrastructure company reported $1.70 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the previous year, the business earned $1.64 EPS. The firm's revenue for the quarter was up 2.9% on a year-over-year basis. Equities research analysts anticipate that Akamai Technologies, Inc. will post 4.6 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AKAM. Oppenheimer assumed 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 for the company. Scotiabank reduced their price target on shares of Akamai Technologies from $107.00 to $105.00 and set a "sector outperform" rating on the stock in a research report on Friday, May 9th. JPMorgan Chase & Co. lowered their price objective on Akamai Technologies from $76.00 to $72.00 and set an "underweight" rating for the company in a report on Friday, February 21st. Needham & Company LLC restated a "hold" rating on shares of Akamai Technologies in a research note on Friday, February 21st. Finally, Citigroup reduced their target price on Akamai Technologies from $102.00 to $95.00 and set a "neutral" rating on the stock in a report on Monday, February 24th. 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, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $103.26.

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.