First Hawaiian Bank Sells 184 Shares of Akamai Technologies, Inc. (NASDAQ:AKAM)

First Hawaiian Bank decreased its holdings in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 0.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,586 shares of the technology infrastructure company’s stock after selling 184 shares during the quarter. First Hawaiian Bank’s holdings in Akamai Technologies were worth $1,940,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in Akamai Technologies by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 17,880,191 shares of the technology infrastructure company’s stock valued at $2,134,716,000 after acquiring an additional 254,437 shares in the last quarter. First Trust Advisors LP raised its holdings in Akamai Technologies by 21.8% in the 1st quarter. First Trust Advisors LP now owns 4,194,752 shares of the technology infrastructure company’s stock valued at $328,449,000 after acquiring an additional 749,933 shares in the last quarter. Geode Capital Management LLC raised its holdings in Akamai Technologies by 1.4% in the 1st quarter. Geode Capital Management LLC now owns 3,549,920 shares of the technology infrastructure company’s stock valued at $277,564,000 after acquiring an additional 47,727 shares in the last quarter. Legal & General Group Plc raised its holdings in Akamai Technologies by 5.7% in the 4th quarter. Legal & General Group Plc now owns 2,723,940 shares of the technology infrastructure company’s stock valued at $229,628,000 after acquiring an additional 147,339 shares in the last quarter. Finally, Champlain Investment Partners LLC raised its holdings in Akamai Technologies by 6.5% in the 1st quarter. Champlain Investment Partners LLC now owns 2,472,498 shares of the technology infrastructure company’s stock valued at $193,597,000 after acquiring an additional 151,100 shares in the last quarter. Institutional investors own 91.40% of the company’s stock.

Insider Buying and Selling at Akamai Technologies

In other news, CEO F Thomson Leighton acquired 275 shares of the firm’s stock in a transaction on Tuesday, June 20th. The shares were purchased at an average cost of $91.20 per share, for a total transaction of $25,080.00. Following the transaction, the chief executive officer now owns 92,006 shares of the company’s stock, valued at $8,390,947.20. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In other news, EVP Anthony P. Williams sold 2,880 shares of the firm’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $103.01, for a total value of $296,668.80. Following the transaction, the executive vice president now directly owns 7,582 shares in the company, valued at approximately $781,021.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO F Thomson Leighton purchased 275 shares of Akamai Technologies stock in a transaction dated Tuesday, June 20th. The stock was bought at an average price of $91.20 per share, for a total transaction of $25,080.00. Following the completion of the transaction, the chief executive officer now directly owns 92,006 shares in the company, valued at $8,390,947.20. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 29,850 shares of company stock worth $2,948,488. Insiders own 1.80% of the company’s stock.

Akamai Technologies Trading Up 0.7 %

AKAM stock opened at $105.52 on Friday. The stock has a market capitalization of $16.01 billion, a price-to-earnings ratio of 35.65, a P/E/G ratio of 2.43 and a beta of 0.76. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.00 and a quick ratio of 2.00. The business has a fifty day moving average price of $98.65 and a 200 day moving average price of $88.37. Akamai Technologies, Inc. has a fifty-two week low of $70.65 and a fifty-two week high of $107.47.

Akamai Technologies (NASDAQ:AKAM) last announced its quarterly earnings data on Tuesday, August 8th. The technology infrastructure company reported $1.01 EPS for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.10). The firm had revenue of $935.72 million during the quarter, compared to the consensus estimate of $931.52 million. Akamai Technologies had a net margin of 12.64% and a return on equity of 14.41%. Analysts expect that Akamai Technologies, Inc. will post 4.43 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on AKAM shares. Raymond James increased their target price on Akamai Technologies from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Thursday, September 7th. TD Cowen increased their target price on Akamai Technologies from $107.00 to $112.00 and gave the stock an “outperform” rating in a report on Wednesday, August 16th. Piper Sandler increased their target price on Akamai Technologies from $113.00 to $114.00 and gave the stock an “overweight” rating in a report on Friday, August 25th. StockNews.com started coverage on Akamai Technologies in a report on Thursday, August 17th. They issued a “buy” rating for the company. Finally, TheStreet raised Akamai Technologies from a “c” rating to a “b-” rating in a report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $109.41.

Akamai Technologies Profile

Akamai Technologies, Inc provides cloud services for securing, delivering, and computing content, applications, and software over the internet 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.