BI Asset Management Fondsmaeglerselskab A S Lowers Position in Akamai Technologies, Inc. (NASDAQ:AKAM)

BI Asset Management Fondsmaeglerselskab A S decreased its holdings in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 53.8% during the fourth quarter, HoldingsChannel reports. The firm owned 5,952 shares of the technology infrastructure company’s stock after selling 6,939 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Akamai Technologies were worth $569,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. TCTC Holdings LLC lifted its stake in shares of Akamai Technologies by 17.0% during the 4th quarter. TCTC Holdings LLC now owns 702 shares of the technology infrastructure company’s stock worth $67,000 after purchasing an additional 102 shares during the last quarter. Orion Portfolio Solutions LLC boosted its holdings in shares of Akamai Technologies by 0.6% in the 4th quarter. Orion Portfolio Solutions LLC now owns 19,991 shares of the technology infrastructure company’s stock valued at $1,912,000 after buying an additional 114 shares in the last quarter. Koshinski Asset Management Inc. grew its position in shares of Akamai Technologies by 1.5% in the 4th quarter. Koshinski Asset Management Inc. now owns 7,867 shares of the technology infrastructure company’s stock worth $752,000 after buying an additional 116 shares during the last quarter. Delta Capital Management LLC raised its stake in shares of Akamai Technologies by 4.5% during the 4th quarter. Delta Capital Management LLC now owns 2,790 shares of the technology infrastructure company’s stock worth $267,000 after acquiring an additional 120 shares in the last quarter. Finally, Tandem Investment Advisors Inc. lifted its position in Akamai Technologies by 0.5% during the fourth quarter. Tandem Investment Advisors Inc. now owns 30,096 shares of the technology infrastructure company’s stock valued at $2,879,000 after acquiring an additional 140 shares during the last quarter. Institutional investors own 94.28% of the company’s stock.

Akamai Technologies Price Performance

Shares of Akamai Technologies stock opened at $75.89 on Thursday. The firm has a market cap of $11.09 billion, a PE ratio of 23.28, a P/E/G ratio of 2.74 and a beta of 0.80. Akamai Technologies, Inc. has a twelve month low of $67.51 and a twelve month high of $106.80. The company has a quick ratio of 1.33, a current ratio of 1.23 and a debt-to-equity ratio of 0.49. The business has a 50-day moving average price of $79.97 and a 200 day moving average price of $91.32.

Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings data on Thursday, February 20th. The technology infrastructure company reported $1.19 EPS for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.33). Akamai Technologies had a net margin of 12.65% and a return on equity of 14.35%. The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Sell-side analysts predict that Akamai Technologies, Inc. will post 4.6 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on AKAM. TD Cowen lowered Akamai Technologies from a “buy” rating to a “hold” rating and reduced their target price for the stock from $125.00 to $98.00 in a research note on Friday, February 21st. Raymond James decreased their target price on Akamai Technologies from $115.00 to $110.00 and set an “outperform” rating for the company in a report on Friday, February 21st. Needham & Company LLC reiterated a “hold” rating on shares of Akamai Technologies in a report on Friday, February 21st. Citigroup decreased their price objective on shares of Akamai Technologies from $102.00 to $95.00 and set a “neutral” rating for the company in a research note on Monday, February 24th. Finally, Craig Hallum lowered shares of Akamai Technologies from a “buy” rating to a “hold” rating and set a $90.00 price objective on the stock. in a research note on Friday, February 21st. One analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $104.75.

Insider Buying and Selling

In other news, CEO F Thomson Leighton acquired 37,670 shares of the firm’s stock in a transaction on Thursday, February 27th. The shares were bought at an average price of $79.58 per share, for a total transaction of $2,997,778.60. Following the acquisition, the chief executive officer now owns 137,342 shares of the company’s stock, valued at approximately $10,929,676.36. This trade represents a 37.79 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Aaron Ahola sold 4,000 shares of the company’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $80.92, for a total transaction of $323,680.00. Following the sale, the executive vice president now directly owns 25,211 shares of the company’s stock, valued at $2,040,074.12. The trade was a 13.69 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,394 shares of company stock valued at $2,653,043. 1.80% of the stock is owned by corporate insiders.

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.