Sonoma Private Wealth LLC Acquires 162 Shares of Akamai Technologies, Inc. (NASDAQ:AKAM)

Sonoma Private Wealth LLC increased its stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 3.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,269 shares of the technology infrastructure company’s stock after acquiring an additional 162 shares during the quarter. Sonoma Private Wealth LLC’s holdings in Akamai Technologies were worth $532,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in shares of Akamai Technologies by 25.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,732,750 shares of the technology infrastructure company’s stock valued at $156,088,000 after purchasing an additional 347,626 shares in the last quarter. Champlain Investment Partners LLC increased its holdings in Akamai Technologies by 19.6% during the 1st quarter. Champlain Investment Partners LLC now owns 1,354,428 shares of the technology infrastructure company’s stock valued at $147,308,000 after purchasing an additional 222,290 shares in the last quarter. Intech Investment Management LLC raised its position in Akamai Technologies by 409.2% in the 1st quarter. Intech Investment Management LLC now owns 248,045 shares of the technology infrastructure company’s stock valued at $26,977,000 after purchasing an additional 199,334 shares during the last quarter. Empyrean Capital Partners LP acquired a new position in Akamai Technologies in the second quarter worth $15,314,000. Finally, Renaissance Technologies LLC boosted its stake in Akamai Technologies by 33.3% in the second quarter. Renaissance Technologies LLC now owns 651,400 shares of the technology infrastructure company’s stock worth $58,678,000 after purchasing an additional 162,700 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Akamai Technologies Stock Up 0.3 %

AKAM traded up $0.32 on Friday, hitting $105.05. 107,878 shares of the company were exchanged, compared to its average volume of 1,597,678. The stock’s fifty day moving average is $100.54 and its 200-day moving average is $97.47. Akamai Technologies, Inc. has a 12 month low of $87.59 and a 12 month high of $129.17. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.32 and a current ratio of 1.32. The company has a market cap of $16.00 billion, a PE ratio of 26.05, a PEG ratio of 3.31 and a beta of 0.68.

Akamai Technologies (NASDAQ:AKAM) last released its earnings results on Thursday, August 8th. The technology infrastructure company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.05. Akamai Technologies had a net margin of 16.01% and a return on equity of 14.78%. The business had revenue of $979.60 million during the quarter, compared to analysts’ expectations of $977.67 million. During the same period last year, the business earned $1.01 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis. Equities research analysts predict that Akamai Technologies, Inc. will post 4.42 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Craig Hallum raised Akamai Technologies from a “hold” rating to a “buy” rating and lifted their price target for the company from $110.00 to $125.00 in a report on Friday, August 9th. Scotiabank increased their price objective on Akamai Technologies from $110.00 to $115.00 and gave the company a “sector outperform” rating in a research report on Friday, August 9th. Tigress Financial reiterated a “strong-buy” rating and issued a $140.00 price target on shares of Akamai Technologies in a report on Thursday, August 29th. Needham & Company LLC reaffirmed a “hold” rating on shares of Akamai Technologies in a research note on Friday, August 9th. Finally, Hsbc Global Res raised shares of Akamai Technologies from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $116.47.

Insider Transactions at Akamai Technologies

In related news, EVP Paul C. Joseph sold 4,000 shares of Akamai Technologies stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $97.30, for a total transaction of $389,200.00. Following the completion of the transaction, the executive vice president now owns 30,703 shares in the company, valued at approximately $2,987,401.90. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director William Raymond Wagner sold 1,000 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $100.73, for a total value of $100,730.00. Following the sale, the director now owns 16,719 shares in the company, valued at approximately $1,684,104.87. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Paul C. Joseph sold 4,000 shares of Akamai Technologies stock in a transaction on Friday, September 13th. The stock was sold at an average price of $97.30, for a total transaction of $389,200.00. Following the transaction, the executive vice president now directly owns 30,703 shares of the company’s stock, valued at approximately $2,987,401.90. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,500 shares of company stock worth $741,655 in the last ninety days. Insiders own 1.80% of the company’s stock.

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.