Akamai Technologies, Inc. (NASDAQ:AKAM) Stock Holdings Boosted by Natixis Advisors L.P.

Natixis Advisors L.P. lifted its position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 12.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 192,825 shares of the technology infrastructure company's stock after buying an additional 21,583 shares during the quarter. Natixis Advisors L.P. owned approximately 0.13% of Akamai Technologies worth $22,820,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Planned Solutions Inc. bought a new stake in Akamai Technologies during the fourth quarter valued at about $37,000. Turtle Creek Wealth Advisors LLC bought a new stake in Akamai Technologies during the fourth quarter valued at about $43,000. Bruce G. Allen Investments LLC bought a new stake in Akamai Technologies during the fourth quarter valued at about $44,000. Headinvest LLC bought a new stake in Akamai Technologies during the third quarter valued at about $40,000. Finally, Lindbrook Capital LLC boosted its position in Akamai Technologies by 43.7% during the fourth quarter. Lindbrook Capital LLC now owns 411 shares of the technology infrastructure company's stock valued at $49,000 after purchasing an additional 125 shares in the last quarter. Institutional investors own 94.28% of the company's stock.

Insider Activity

In other news, COO Adam Karon sold 14,349 shares of the business's stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $109.78, for a total value of $1,575,233.22. Following the completion of the sale, the chief operating officer now directly owns 6,697 shares in the company, valued at $735,196.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, COO Adam Karon sold 14,349 shares of Akamai Technologies stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $109.78, for a total value of $1,575,233.22. Following the sale, the chief operating officer now directly owns 6,697 shares of the company's stock, valued at $735,196.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Anthony P. Williams sold 4,500 shares of Akamai Technologies stock in a transaction that occurred on 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 directly owns 14,938 shares in the company, valued at $1,624,208.74. The disclosure for this sale can be found here. Insiders sold 30,753 shares of company stock worth $3,368,303 over the last three months. 2.00% of the stock is currently owned by corporate insiders.

Akamai Technologies Stock Performance

AKAM stock traded up $1.41 during trading on Monday, hitting $101.08. 1,135,627 shares of the company traded hands, compared to its average volume of 1,594,061. The stock's 50-day simple moving average is $106.23 and its 200 day simple moving average is $112.09. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.16 and a quick ratio of 2.16. The company has a market cap of $15.32 billion, a PE ratio of 28.56, a P/E/G ratio of 2.81 and a beta of 0.72. Akamai Technologies, Inc. has a 1 year low of $78.35 and a 1 year high of $129.17.

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AKAM. Citigroup dropped their price objective on Akamai Technologies from $140.00 to $117.00 and set a "neutral" rating on the stock in a research report on Thursday, April 25th. Robert W. Baird raised Akamai Technologies from a "neutral" rating to an "outperform" rating and raised their price target for the stock from $128.00 to $135.00 in a report on Thursday, March 7th. JPMorgan Chase & Co. raised their price target on Akamai Technologies from $78.00 to $81.00 and gave the stock an "underweight" rating in a report on Wednesday, February 14th. HSBC downgraded Akamai Technologies from a "hold" rating to a "reduce" rating and lowered their price target for the stock from $109.00 to $96.00 in a report on Thursday, February 15th. Finally, KeyCorp raised their price target on Akamai Technologies from $134.00 to $138.00 and gave the stock an "overweight" rating in a report on Friday, January 19th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $121.60.

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.