19 hours Ago By Defense World Staff
SBI Securities Co. Ltd. purchased a new stake in Akamai Technologies, Inc.
( NASDAQ:AKAM – Free Report ) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 515 shares of the technology infrastructure company’s stock, valued at approximately $49,000. Several other institutional investors and hedge funds also recently made changes to their positions in AKAM.
Banque Cantonale Vaudoise grew its holdings in shares of Akamai Technologies by 86.9% in the 3rd quarter. Banque Cantonale Vaudoise now owns 44,390 shares of the technology infrastructure company’s stock valued at $4,481,000 after acquiring an additional 20,633 shares in the last quarter.
Principal Financial Group Inc. grew its stake in Akamai Technologies by 3.5% in the third quarter.
Principal Financial Group Inc. now owns 200,458 shares of the technology infrastructure company’s stock valued at $20,236,000 after purchasing an additional 6,785 shares in the last quarter. Charles Schwab Investment Management Inc.
increased its position in shares of Akamai Technologies by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc.
now owns 892,356 shares of the technology infrastructure company’s stock worth $90,083,000 after purchasing an additional 11,272 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Akamai Technologies by 49.6% during the 4th quarter.
Van ECK Associates Corp now owns 2,746 shares of the technology infrastructure company’s stock worth $263,000 after purchasing an additional 910 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its stake in shares of Akamai Technologies by 32.6% during the 3rd quarter.
Teachers Retirement System of The State of Kentucky now owns 188,388 shares of the technology infrastructure company’s stock worth $19,018,000 after purchasing an additional 46,335 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.
Analyst Ratings Changes A number of analysts have commented on AKAM shares. Craig Hallum cut shares of Akamai Technologies from a “buy” rating to a “hold” rating and set a $90.00 price target for the company.
in a research note on Friday, February 21st. Royal Bank of Canada cut their target price on shares of Akamai Technologies from $100.00 to $90.
00 and set a “sector perform” rating for the company in a research note on Friday, February 21st. Evercore ISI reissued an “outperform” rating and set a $110.00 price target on shares of Akamai Technologies in a research report on Tuesday, December 17th.
Oppenheimer raised Akamai Technologies from a “market perform” rating to an “outperform” rating and set a $120.00 price objective for the company in a research report on Monday, December 2nd. Finally, Susquehanna decreased their target price on Akamai Technologies from $110.
00 to $105.00 and set a “positive” rating on the stock in a report on Friday, February 21st. One equities research 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 data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $107.55.
Insider Buying and Selling In related news, CEO F Thomson Leighton bought 37,670 shares of the business’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 directly owns 137,342 shares of the company’s stock, valued at approximately $10,929,676.36.
This trade represents a 37.79 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website .
Also, CFO Edward J. Mcgowan sold 10,782 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $98.
71, for a total transaction of $1,064,291.22. Following the sale, the chief financial officer now directly owns 12,716 shares of the company’s stock, valued at $1,255,196.
36. The trade was a 45.88 % decrease in their position.
The disclosure for this sale can be found here . Insiders have sold a total of 42,176 shares of company stock valued at $3,759,934 over the last quarter. 1.
80% of the stock is owned by corporate insiders. Akamai Technologies Trading Down 3.9 % Shares of AKAM opened at $84.
15 on Tuesday. The stock has a market capitalization of $12.65 billion, a PE ratio of 25.
81, a P/E/G ratio of 2.74 and a beta of 0.68.
The company’s fifty day moving average is $92.83 and its 200 day moving average is $96.48.
The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.33 and a current ratio of 1.
23. Akamai Technologies, Inc. has a fifty-two week low of $75.
50 and a fifty-two week high of $111.79. Akamai Technologies ( NASDAQ:AKAM – Get Free Report ) last released its quarterly earnings results on Thursday, February 20th.
The technology infrastructure company reported $1.19 earnings per share 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 company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.
02 billion. Sell-side analysts expect that Akamai Technologies, Inc. will post 4.
6 earnings per share for the current fiscal year. About Akamai Technologies ( Free Report ) 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.
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