Greenleaf Trust Grows Stake in Akamai Technologies, Inc. (NASDAQ:AKAM)

Greenleaf Trust grew its position in Akamai Technologies, Inc. (NASDAQ:AKAM) by 10.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,457 shares of the technology infrastructure company’s stock after purchasing an additional 228 shares during the quarter. Greenleaf Trust’s holdings in Akamai Technologies were worth $291,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of AKAM. Boston Trust Walden Corp grew its holdings in Akamai Technologies by 0.3% in the third quarter. Boston Trust Walden Corp now owns 310,781 shares of the technology infrastructure company’s stock worth $33,111,000 after purchasing an additional 876 shares during the last quarter. Counterpoint Mutual Funds LLC acquired a new stake in shares of Akamai Technologies during the third quarter worth $122,000. Caprock Group LLC acquired a new stake in shares of Akamai Technologies during the third quarter worth $219,000. Oak Thistle LLC lifted its stake in shares of Akamai Technologies by 24.8% during the third quarter. Oak Thistle LLC now owns 9,454 shares of the technology infrastructure company’s stock worth $1,007,000 after buying an additional 1,881 shares during the period. Finally, Czech National Bank lifted its stake in shares of Akamai Technologies by 47.4% during the third quarter. Czech National Bank now owns 26,567 shares of the technology infrastructure company’s stock worth $2,830,000 after buying an additional 8,549 shares during the period. 94.28% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Akamai Technologies

In other news, COO Adam Karon sold 14,349 shares of the business’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $109.78, for a total transaction of $1,575,233.22. Following the completion of the sale, the chief operating officer now owns 6,697 shares of the company’s stock, valued at $735,196.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, COO Adam Karon sold 14,349 shares of the company’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $109.78, for a total transaction of $1,575,233.22. Following the completion of the sale, the chief operating officer now owns 6,697 shares of the company’s stock, valued at approximately $735,196.66. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Anthony P. Williams sold 4,500 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $108.73, for a total transaction of $489,285.00. Following the sale, the executive vice president now directly owns 14,938 shares of the company’s stock, valued at approximately $1,624,208.74. The disclosure for this sale can be found here. Insiders sold 33,353 shares of company stock valued at $3,688,883 over the last 90 days. Corporate insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on AKAM. Robert W. Baird upgraded shares of Akamai Technologies from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $128.00 to $135.00 in a research note on Thursday, March 7th. StockNews.com upgraded shares of Akamai Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, January 25th. HSBC downgraded shares of Akamai Technologies from a “hold” rating to a “reduce” rating and decreased their target price for the company from $109.00 to $96.00 in a research report on Thursday, February 15th. Royal Bank of Canada restated a “sector perform” rating and set a $115.00 target price on shares of Akamai Technologies in a research report on Wednesday, February 14th. Finally, JPMorgan Chase & Co. boosted their target price 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. Two analysts have rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Akamai Technologies currently has an average rating of “Moderate Buy” and an average price target of $121.27.

Akamai Technologies Trading Up 0.4 %

Shares of Akamai Technologies stock opened at $102.19 on Thursday. The firm has a 50-day simple moving average of $107.32 and a two-hundred day simple moving average of $112.37. The company has a market cap of $15.48 billion, a P/E ratio of 28.95, a price-to-earnings-growth ratio of 2.85 and a beta of 0.72. Akamai Technologies, Inc. has a fifty-two week low of $76.85 and a fifty-two week high of $129.17. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.16 and a current ratio of 2.16.

Akamai Technologies (NASDAQ:AKAM) last released its earnings results on Tuesday, February 13th. The technology infrastructure company reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.10. The business had revenue of $995.00 million during the quarter, compared to analysts’ expectations of $999.09 million. Akamai Technologies had a net margin of 14.37% and a return on equity of 14.90%. The company’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.01 earnings per share. As a group, equities 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.