Atlas Capital Advisors Inc. Grows Stock Holdings in Akamai Technologies, Inc. (NASDAQ:AKAM)

Atlas Capital Advisors Inc. boosted its holdings in Akamai Technologies, Inc. (NASDAQ:AKAM) by 200.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 708 shares of the technology infrastructure company’s stock after buying an additional 472 shares during the period. Atlas Capital Advisors Inc.’s holdings in Akamai Technologies were worth $68,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new stake in shares of Akamai Technologies during the fourth quarter worth about $477,454,000. National Pension Service grew its holdings in Akamai Technologies by 595.3% during the 4th quarter. National Pension Service now owns 318,912 shares of the technology infrastructure company’s stock valued at $30,504,000 after buying an additional 273,043 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Akamai Technologies by 5.1% during the third quarter. Geode Capital Management LLC now owns 4,197,009 shares of the technology infrastructure company’s stock valued at $423,066,000 after buying an additional 202,746 shares during the last quarter. Tredje AP fonden lifted its holdings in shares of Akamai Technologies by 580.4% in the fourth quarter. Tredje AP fonden now owns 169,777 shares of the technology infrastructure company’s stock worth $16,239,000 after buying an additional 144,823 shares in the last quarter. Finally, Retirement Systems of Alabama boosted its position in shares of Akamai Technologies by 20.0% during the third quarter. Retirement Systems of Alabama now owns 837,155 shares of the technology infrastructure company’s stock worth $84,511,000 after acquiring an additional 139,760 shares during the last quarter. 94.28% of the stock is owned by institutional investors.

Akamai Technologies Stock Performance

Shares of Akamai Technologies stock opened at $73.69 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.33 and a debt-to-equity ratio of 0.49. The stock’s fifty day moving average price is $88.11 and its 200-day moving average price is $94.04. The firm has a market cap of $11.08 billion, a P/E ratio of 22.60, a P/E/G ratio of 2.74 and a beta of 0.80. Akamai Technologies, Inc. has a 12 month low of $73.42 and a 12 month high of $107.60.

Akamai Technologies (NASDAQ:AKAM) last posted 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 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 the consensus estimate of $1.02 billion. On average, equities research analysts expect that Akamai Technologies, Inc. will post 4.6 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Aaron Ahola sold 4,000 shares of Akamai Technologies stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $80.92, for a total value of $323,680.00. Following the transaction, the executive vice president now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mani Sundaram sold 10,683 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $86.52, for a total transaction of $924,293.16. Following the completion of the sale, the executive vice president now owns 23,988 shares of the company’s stock, valued at approximately $2,075,441.76. This trade represents a 30.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,394 shares of company stock worth $3,019,323 over the last 90 days. Company insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on AKAM. Royal Bank of Canada cut their price target on Akamai Technologies from $100.00 to $90.00 and set a “sector perform” rating for the company in a report on Friday, February 21st. Citigroup dropped 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. Craig Hallum cut shares of Akamai Technologies from a “buy” rating to a “hold” rating and set a $90.00 target price on the stock. in a research report on Friday, February 21st. Oppenheimer began coverage on Akamai Technologies in a research note on Thursday, March 20th. They set an “outperform” rating and a $100.00 price objective on the stock. Finally, Bank of America lowered Akamai Technologies from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $125.00 to $100.00 in a research note on Friday, February 21st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $106.55.

About Akamai Technologies

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.