ORG Partners LLC Buys 100 Shares of Akamai Technologies, Inc. (NASDAQ:AKAM)

ORG Partners LLC grew its stake in Akamai Technologies, Inc. (NASDAQ:AKAM) by 16.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 700 shares of the technology infrastructure company’s stock after purchasing an additional 100 shares during the period. ORG Partners LLC’s holdings in Akamai Technologies were worth $83,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Ancora Advisors LLC lifted its holdings in Akamai Technologies by 103.3% during the 1st quarter. Ancora Advisors LLC now owns 250 shares of the technology infrastructure company’s stock worth $25,000 after buying an additional 127 shares in the last quarter. Planned Solutions Inc. acquired a new position in Akamai Technologies during the 4th quarter worth $37,000. Headinvest LLC acquired a new position in Akamai Technologies during the 3rd quarter worth $40,000. Belpointe Asset Management LLC lifted its holdings in Akamai Technologies by 50.1% during the 1st quarter. Belpointe Asset Management LLC now owns 509 shares of the technology infrastructure company’s stock worth $40,000 after buying an additional 170 shares in the last quarter. Finally, Turtle Creek Wealth Advisors LLC acquired a new position in Akamai Technologies during the 4th quarter worth $43,000. 94.28% of the stock is currently owned by institutional investors.

Insider Activity at Akamai Technologies

In related news, CMO Kim Salem-Jackson sold 2,600 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $123.30, for a total value of $320,580.00. Following the completion of the sale, the chief marketing officer now directly owns 27,663 shares in the company, valued at approximately $3,410,847.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Akamai Technologies news, CMO Kim Salem-Jackson sold 2,600 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $123.30, for a total transaction of $320,580.00. Following the completion of 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 Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Anthony P. Williams sold 3,510 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $112.55, for a total transaction of $395,050.50. Following the sale, the executive vice president now owns 4,299 shares of the company’s stock, valued at $483,852.45. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,353 shares of company stock worth $3,688,883. Insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on AKAM shares. Piper Sandler increased their price target on Akamai Technologies from $130.00 to $136.00 and gave the company an “overweight” rating in a research note on Wednesday, February 14th. KeyCorp increased their price target on Akamai Technologies from $134.00 to $138.00 and gave the company an “overweight” rating in a research note on Friday, January 19th. Robert W. Baird upgraded shares of Akamai Technologies from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $128.00 to $135.00 in a research report on Thursday, March 7th. JPMorgan Chase & Co. upped their price objective on shares of Akamai Technologies from $78.00 to $81.00 and gave the company an “underweight” rating in a research report on Wednesday, February 14th. Finally, HSBC cut shares of Akamai Technologies from a “hold” rating to a “reduce” rating and lowered their price objective for the company from $109.00 to $96.00 in a research report on Thursday, February 15th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $121.27.

Akamai Technologies Price Performance

Shares of NASDAQ AKAM opened at $102.22 on Tuesday. The stock has a market capitalization of $15.49 billion, a price-to-earnings ratio of 28.96, a PEG ratio of 2.92 and a beta of 0.72. The business has a 50-day moving average of $110.60 and a 200-day moving average of $112.66. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.16 and a quick ratio of 2.16. Akamai Technologies, Inc. has a fifty-two week low of $76.85 and a fifty-two week high of $129.17.

Akamai Technologies (NASDAQ:AKAM) last issued its earnings results on Tuesday, February 13th. The technology infrastructure company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.10. Akamai Technologies had a net margin of 14.37% and a return on equity of 14.90%. The business had revenue of $995.00 million during the quarter, compared to the consensus estimate of $999.09 million. During the same period last year, the business posted $1.01 EPS. Akamai Technologies’s revenue was up 7.2% on a year-over-year basis. As a group, sell-side analysts predict that Akamai Technologies, Inc. will post 4.84 earnings per share for the current fiscal year.

Akamai Technologies Company 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.