Akamai Technologies, Inc. (NASDAQ:AKAM) Shares Acquired by Sonoma Private Wealth LLC

Sonoma Private Wealth LLC lifted its position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 9.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,759 shares of the technology infrastructure company’s stock after acquiring an additional 490 shares during the quarter. Sonoma Private Wealth LLC’s holdings in Akamai Technologies were worth $551,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Private Advisor Group LLC boosted its holdings in Akamai Technologies by 8.0% during the third quarter. Private Advisor Group LLC now owns 6,477 shares of the technology infrastructure company’s stock worth $654,000 after buying an additional 477 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Akamai Technologies by 85.7% during the third quarter. Farther Finance Advisors LLC now owns 247 shares of the technology infrastructure company’s stock worth $25,000 after buying an additional 114 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Akamai Technologies by 6.1% during the third quarter. Van ECK Associates Corp now owns 1,836 shares of the technology infrastructure company’s stock worth $189,000 after buying an additional 105 shares in the last quarter. Intact Investment Management Inc. boosted its holdings in Akamai Technologies by 38.9% during the third quarter. Intact Investment Management Inc. now owns 6,750 shares of the technology infrastructure company’s stock worth $681,000 after buying an additional 1,890 shares in the last quarter. Finally, National Pension Service boosted its holdings in Akamai Technologies by 0.8% during the third quarter. National Pension Service now owns 45,869 shares of the technology infrastructure company’s stock worth $4,630,000 after buying an additional 350 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Edward J. Mcgowan sold 10,782 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $98.71, for a total value of $1,064,291.22. Following the completion of the sale, the chief financial officer now owns 12,716 shares of the company’s stock, valued at $1,255,196.36. This represents a 45.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO F Thomson Leighton acquired 37,670 shares of the company’s stock in a transaction dated Thursday, February 27th. The stock was acquired at an average cost of $79.58 per share, with a total value of $2,997,778.60. Following the transaction, the chief executive officer now directly owns 137,342 shares of the company’s stock, valued at approximately $10,929,676.36. This represents a 37.79 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AKAM. UBS Group began coverage on shares of Akamai Technologies in a report on Monday, December 16th. They set a “neutral” rating and a $110.00 price objective on the stock. Evercore ISI reaffirmed an “outperform” rating and issued a $110.00 price target on shares of Akamai Technologies in a report on Tuesday, December 17th. Robert W. Baird reduced their price target on shares of Akamai Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a report on Monday, November 11th. Oppenheimer raised shares of Akamai Technologies from a “market perform” rating to an “outperform” rating and set a $120.00 price target on the stock in a report on Monday, December 2nd. Finally, Raymond James reduced their price target on shares of Akamai Technologies from $115.00 to $110.00 and set an “outperform” rating on the stock in a report on Friday, February 21st. One analyst has rated the stock with a sell rating, ten have given a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $107.55.

Akamai Technologies Stock Performance

Shares of AKAM stock opened at $80.68 on Monday. Akamai Technologies, Inc. has a one year low of $75.50 and a one year high of $113.36. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.33 and a current ratio of 1.23. The company has a 50 day moving average price of $94.44 and a 200 day moving average price of $97.24. The firm has a market capitalization of $12.13 billion, a price-to-earnings ratio of 24.75, a price-to-earnings-growth ratio of 2.74 and a beta of 0.65.

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