Boston Trust Walden Corp Purchases 12,413 Shares of Akamai Technologies, Inc. (NASDAQ:AKAM)

Boston Trust Walden Corp raised its position in Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 4.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 323,194 shares of the technology infrastructure company's stock after buying an additional 12,413 shares during the quarter. Boston Trust Walden Corp owned approximately 0.21% of Akamai Technologies worth $38,250,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. increased its holdings in shares of Akamai Technologies by 1.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 59,211 shares of the technology infrastructure company's stock valued at $7,047,000 after purchasing an additional 697 shares during the period. SteelPeak Wealth LLC acquired a new position in shares of Akamai Technologies in the fourth quarter valued at approximately $234,000. Private Trust Co. NA increased its holdings in shares of Akamai Technologies by 17.9% in the fourth quarter. Private Trust Co. NA now owns 711 shares of the technology infrastructure company's stock valued at $84,000 after purchasing an additional 108 shares during the period. CFO4Life Group LLC acquired a new position in shares of Akamai Technologies in the fourth quarter valued at approximately $629,000. Finally, Arizona State Retirement System increased its holdings in shares of Akamai Technologies by 0.4% in the fourth quarter. Arizona State Retirement System now owns 41,697 shares of the technology infrastructure company's stock valued at $4,935,000 after purchasing an additional 173 shares during the period. Hedge funds and other institutional investors own 94.28% of the company's stock.

Insiders Place Their Bets

In other news, COO Adam Karon sold 8,394 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $108.26, for a total value of $908,734.44. Following the completion of the sale, the chief operating officer now owns 21,046 shares in the company, valued at $2,278,439.96. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, EVP Anthony P. Williams sold 4,500 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $108.73, for a total value of $489,285.00. Following the completion of the sale, the executive vice president now owns 14,938 shares in the company, valued at $1,624,208.74. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Adam Karon sold 8,394 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $108.26, for a total value of $908,734.44. Following the completion of the sale, the chief operating officer now owns 21,046 shares of the company's stock, valued at approximately $2,278,439.96. The disclosure for this sale can be found here. Insiders sold 37,353 shares of company stock worth $4,159,203 over the last three months. 1.80% of the stock is owned by insiders.

Akamai Technologies Trading Up 0.2 %

NASDAQ AKAM traded up $0.25 during trading hours on Friday, hitting $106.24. 919,200 shares of the company's stock were exchanged, compared to its average volume of 1,715,333. The business's 50 day moving average is $112.94 and its 200-day moving average is $112.69. Akamai Technologies, Inc. has a 12-month low of $76.85 and a 12-month high of $129.17. The firm has a market capitalization of $16.10 billion, a P/E ratio of 30.10, a price-to-earnings-growth ratio of 3.02 and a beta of 0.72. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.16 and a current ratio of 2.16.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last released its earnings results on Tuesday, February 13th. The technology infrastructure company reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.10. The firm had revenue of $995.00 million for the quarter, compared to the consensus estimate of $999.09 million. Akamai Technologies had a return on equity of 14.90% and a net margin of 14.37%. The firm's revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.01 earnings per share. As a group, analysts anticipate that Akamai Technologies, Inc. will post 4.84 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on AKAM shares. JPMorgan Chase & Co. boosted their target price on Akamai Technologies from $78.00 to $81.00 and gave the company an "underweight" rating in a report on Wednesday, February 14th. KeyCorp upped their price objective on Akamai Technologies from $134.00 to $138.00 and gave the stock an "overweight" rating in a report on Friday, January 19th. Robert W. Baird raised Akamai Technologies from a "neutral" rating to an "outperform" rating and upped their price objective for the stock from $128.00 to $135.00 in a report on Thursday, March 7th. Susquehanna initiated coverage on Akamai Technologies in a report on Friday, December 15th. They set a "positive" rating and a $150.00 price objective on the stock. Finally, Piper Sandler upped their price objective on Akamai Technologies from $130.00 to $136.00 and gave the stock an "overweight" rating in a report on Wednesday, February 14th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Akamai Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $119.50.

Akamai Technologies Company 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.