Akamai Technologies, Inc. (NASDAQ:AKAM) Holdings Increased by Ossiam

Ossiam increased its holdings in shares of Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 41.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,035 shares of the technology infrastructure company's stock after buying an additional 6,418 shares during the quarter. Ossiam's holdings in Akamai Technologies were worth $2,108,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. acquired a new stake in shares of Akamai Technologies in the fourth quarter worth approximately $49,000. Bruce G. Allen Investments LLC boosted its holdings in shares of Akamai Technologies by 38.8% in the 4th quarter. Bruce G. Allen Investments LLC now owns 554 shares of the technology infrastructure company's stock valued at $53,000 after purchasing an additional 155 shares during the last quarter. Wolverine Asset Management LLC purchased a new stake in shares of Akamai Technologies during the 4th quarter valued at $57,000. TCTC Holdings LLC raised its position in shares of Akamai Technologies by 17.0% in the 4th quarter. TCTC Holdings LLC now owns 702 shares of the technology infrastructure company's stock worth $67,000 after buying an additional 102 shares during the period. Finally, Atlas Capital Advisors Inc. boosted its holdings in Akamai Technologies by 200.0% in the fourth quarter. Atlas Capital Advisors Inc. now owns 708 shares of the technology infrastructure company's stock valued at $68,000 after acquiring an additional 472 shares during the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO F Thomson Leighton purchased 37,670 shares of the company's stock in a transaction on Thursday, February 27th. The shares were bought at an average price of $79.58 per share, for a total transaction of $2,997,778.60. Following the completion of the purchase, the chief executive officer now owns 137,342 shares of the company's stock, valued at $10,929,676.36. This trade represents a 37.79 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Aaron Ahola sold 4,000 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $80.92, for a total value of $323,680.00. Following the completion of the transaction, the executive vice president now directly owns 25,211 shares of the company's stock, valued at $2,040,074.12. This trade represents a 13.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 31,394 shares of company stock valued at $2,653,043. Company insiders own 1.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Raymond James cut their price objective on Akamai Technologies from $115.00 to $110.00 and set an "outperform" rating on the stock in a report on Friday, February 21st. Morgan Stanley reduced their price target on shares of Akamai Technologies from $102.00 to $90.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Bank of America downgraded shares of Akamai Technologies from a "buy" rating to a "neutral" rating and cut their target price for the company from $125.00 to $100.00 in a research note on Friday, February 21st. TD Cowen cut shares of Akamai Technologies from a "buy" rating to a "hold" rating and decreased their price target for the stock from $125.00 to $98.00 in a research report on Friday, February 21st. Finally, Oppenheimer initiated coverage on Akamai Technologies in a research report on Thursday, March 20th. They issued an "outperform" rating and a $100.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Akamai Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $104.75.

Akamai Technologies Stock Up 0.7 %

Akamai Technologies stock traded up $0.59 during midday trading on Friday, hitting $79.79. The stock had a trading volume of 1,307,135 shares, compared to its average volume of 1,933,665. The company has a current ratio of 1.23, a quick ratio of 1.33 and a debt-to-equity ratio of 0.49. The business has a fifty day moving average price of $79.17 and a 200 day moving average price of $91.02. Akamai Technologies, Inc. has a 12 month low of $67.51 and a 12 month high of $106.80. The stock has a market cap of $11.66 billion, a P/E ratio of 24.48, a P/E/G ratio of 2.74 and a beta of 0.80.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The technology infrastructure company reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.52 by ($0.33). Akamai Technologies had a net margin of 12.65% and a return on equity of 14.35%. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. Research analysts predict that Akamai Technologies, Inc. will post 4.6 EPS for the current year.

About Akamai Technologies

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.