2,013 Shares in Akamai Technologies, Inc. (NASDAQ:AKAM) Bought by Bleakley Financial Group LLC

Bleakley Financial Group LLC acquired a new position in Akamai Technologies, Inc. (NASDAQ:AKAM) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,013 shares of the technology infrastructure company’s stock, valued at approximately $238,000.

Other large investors also recently modified their holdings of the company. Ancora Advisors LLC grew its holdings in shares of Akamai Technologies by 103.3% in the first quarter. Ancora Advisors LLC now owns 250 shares of the technology infrastructure company’s stock worth $25,000 after acquiring an additional 127 shares during the period. Planned Solutions Inc. bought a new stake in shares of Akamai Technologies in the fourth quarter worth $37,000. Headinvest LLC bought a new stake in shares of Akamai Technologies in the third quarter worth $40,000. Belpointe Asset Management LLC grew its holdings 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 worth $40,000 after acquiring an additional 170 shares during the period. Finally, Bruce G. Allen Investments LLC bought a new stake in shares of Akamai Technologies in the fourth quarter worth $44,000. Institutional investors own 94.28% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on AKAM shares. JPMorgan Chase & Co. boosted their price target on Akamai Technologies from $78.00 to $81.00 and gave the company an “underweight” rating in a report on Wednesday, February 14th. Robert W. Baird raised Akamai Technologies from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $128.00 to $135.00 in a report on Thursday, March 7th. StockNews.com raised Akamai Technologies from a “hold” rating to a “buy” rating in a report on Thursday, January 25th. HSBC lowered Akamai Technologies from a “hold” rating to a “reduce” rating and cut their price target for the company from $109.00 to $96.00 in a report on Thursday, February 15th. Finally, KeyCorp boosted their price target on Akamai Technologies from $134.00 to $138.00 and gave the company an “overweight” rating in a report on Friday, January 19th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $121.27.

Insider Buying and Selling at Akamai Technologies

In other Akamai Technologies news, CMO Kim Salem-Jackson sold 2,600 shares of the company’s stock in a transaction that occurred 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 directly owns 27,663 shares in the company, valued at $3,410,847.90. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CMO Kim Salem-Jackson sold 2,600 shares of the company’s stock in a transaction that occurred 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 transaction, 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 legal filing with the SEC, which is available at this link. Also, COO Adam Karon sold 14,349 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $109.78, for a total value of $1,575,233.22. Following the transaction, the chief operating officer now directly owns 6,697 shares in the company, valued at approximately $735,196.66. The disclosure for this sale can be found here. Insiders have sold a total of 33,353 shares of company stock worth $3,688,883 over the last ninety days. Company insiders own 2.00% of the company’s stock.

Akamai Technologies Price Performance

NASDAQ:AKAM opened at $102.22 on Tuesday. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $15.49 billion, a P/E ratio of 28.96, a P/E/G ratio of 2.92 and a beta of 0.72. Akamai Technologies, Inc. has a 12 month low of $76.85 and a 12 month high of $129.17. The business’s 50-day moving average is $110.60 and its 200 day moving average is $112.66.

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