DekaBank Deutsche Girozentrale Raises Position in Akamai Technologies, Inc. (NASDAQ:AKAM)

DekaBank Deutsche Girozentrale raised its stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 2.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 517,550 shares of the technology infrastructure company's stock after buying an additional 11,706 shares during the period. DekaBank Deutsche Girozentrale owned about 0.34% of Akamai Technologies worth $61,290,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Ancora Advisors LLC grew its position in shares of Akamai Technologies by 103.3% during the 1st quarter. Ancora Advisors LLC now owns 250 shares of the technology infrastructure company's stock valued at $25,000 after acquiring an additional 127 shares during the period. Planned Solutions Inc. purchased a new stake in Akamai Technologies in the 4th quarter worth $37,000. Headinvest LLC purchased a new stake in Akamai Technologies in the 3rd quarter worth $40,000. Belpointe Asset Management LLC grew its position in shares of Akamai Technologies by 50.1% in the first quarter. Belpointe Asset Management LLC now owns 509 shares of the technology infrastructure company's stock valued at $40,000 after purchasing an additional 170 shares during the period. Finally, Bruce G. Allen Investments LLC acquired a new stake in shares of Akamai Technologies in the fourth quarter valued at about $44,000. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CMO Kim Salem-Jackson sold 2,600 shares of the 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 owns 27,663 shares of the company's stock, valued at $3,410,847.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CMO Kim Salem-Jackson sold 2,600 shares of the company's stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $123.30, for a total transaction of $320,580.00. Following the sale, the chief marketing officer now owns 27,663 shares of the company's stock, valued at $3,410,847.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Paul C. Joseph sold 4,000 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $117.58, for a total value of $470,320.00. Following the completion of the sale, 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 90 days, insiders have sold 37,353 shares of company stock valued at $4,159,203. Corporate insiders own 1.80% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on AKAM shares. KeyCorp raised their target price on Akamai Technologies from $134.00 to $138.00 and gave the company an "overweight" rating in a research report on Friday, January 19th. JPMorgan Chase & Co. upped their target price on shares of Akamai Technologies from $78.00 to $81.00 and gave the stock an "underweight" rating in a report on Wednesday, February 14th. HSBC cut shares of Akamai Technologies from a "hold" rating to a "reduce" rating and reduced their target price for the company from $109.00 to $96.00 in a research report on Thursday, February 15th. StockNews.com upgraded shares of Akamai Technologies from a "hold" rating to a "buy" rating in a research report on Thursday, January 25th. Finally, Robert W. Baird upgraded shares of Akamai Technologies from a "neutral" rating to an "outperform" rating and increased their price objective for the company from $128.00 to $135.00 in a report on Thursday, March 7th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $119.50.

Akamai Technologies Trading Up 0.2 %

Shares of AKAM traded up $0.25 during trading on Friday, reaching $106.24. 919,056 shares of the company traded hands, compared to its average volume of 1,422,042. The stock has a 50-day simple moving average of $112.94 and a 200-day simple moving average of $112.76. The stock has a market cap of $16.10 billion, a PE ratio of 30.10, a price-to-earnings-growth ratio of 3.00 and a beta of 0.72. Akamai Technologies, Inc. has a twelve month low of $76.85 and a twelve month high of $129.17. 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 (NASDAQ:AKAM - Get Free Report) last posted its earnings results on Tuesday, February 13th. The technology infrastructure company reported $1.69 earnings per share for the quarter, beating the consensus estimate 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 quarter last year, the firm earned $1.01 EPS. The firm's revenue for the quarter was up 7.2% on a year-over-year basis. On average, analysts anticipate that Akamai Technologies, Inc. will post 4.84 earnings per share for the current year.

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.