Moody Lynn & Lieberson LLC Makes New $3 Million Investment in Akamai Technologies, Inc. (NASDAQ:AKAM)

Moody Lynn & Lieberson LLC acquired a new stake in Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 25,352 shares of the technology infrastructure company's stock, valued at approximately $3,000,000.

Several other large investors have also recently added to or reduced their stakes in AKAM. Jericho Capital Asset Management L.P. acquired a new position in Akamai Technologies in the 3rd quarter valued at approximately $218,201,000. Norges Bank acquired a new position in shares of Akamai Technologies during the 4th quarter worth $77,273,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Akamai Technologies by 59.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,095,168 shares of the technology infrastructure company's stock worth $164,052,000 after purchasing an additional 785,055 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Akamai Technologies by 254.5% during the 1st quarter. AQR Capital Management LLC now owns 854,763 shares of the technology infrastructure company's stock worth $65,817,000 after purchasing an additional 613,612 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Akamai Technologies by 4,398.1% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 432,039 shares of the technology infrastructure company's stock worth $51,581,000 after purchasing an additional 422,434 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company's stock.

Analyst Upgrades and Downgrades

AKAM has been the topic of several analyst reports. Piper Sandler increased their price target on shares of Akamai Technologies from $130.00 to $136.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 14th. Royal Bank of Canada restated a "sector perform" rating and set a $115.00 price target on shares of Akamai Technologies in a research note on Wednesday, February 14th. JPMorgan Chase & Co. increased their price target on shares of Akamai Technologies from $78.00 to $81.00 and gave the stock an "underweight" rating in a research note on Wednesday, February 14th. KeyCorp increased their price target on shares of Akamai Technologies from $134.00 to $138.00 and gave the stock an "overweight" rating in a research note on Friday, January 19th. Finally, Susquehanna started coverage on shares of Akamai Technologies in a research note on Friday, December 15th. They issued a "positive" rating and a $150.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Akamai Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $119.50.

Insider Activity

In other news, EVP Paul C. Joseph sold 4,000 shares of Akamai Technologies stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $117.58, for a total transaction of $470,320.00. Following the sale, the executive vice president now directly owns 20,065 shares in the company, valued at approximately $2,359,242.70. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CMO Kim Salem-Jackson sold 2,600 shares of Akamai Technologies stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $123.30, for a total transaction of $320,580.00. Following the sale, the chief marketing officer now directly owns 27,663 shares in the company, valued at approximately $3,410,847.90. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Paul C. Joseph sold 4,000 shares of the business's stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $117.58, for a total transaction of $470,320.00. Following the completion of the transaction, the executive vice president now owns 20,065 shares in the company, valued at $2,359,242.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 37,353 shares of company stock worth $4,159,203. Corporate insiders own 1.80% of the company's stock.

Akamai Technologies Stock Performance

Akamai Technologies stock traded up $0.25 during mid-day trading on Friday, reaching $106.24. The company had a trading volume of 919,056 shares, compared to its average volume of 1,422,042. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.77. Akamai Technologies, Inc. has a 52 week low of $76.85 and a 52 week high of $129.17. The company has a 50 day moving average of $112.94 and a 200-day moving average of $112.73. The firm has a market cap of $16.10 billion, a price-to-earnings ratio of 30.10, a PEG ratio of 2.99 and a beta of 0.72.

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