Leeward Investments LLC MA Lowers Position in Akamai Technologies, Inc. (NASDAQ:AKAM)

Leeward Investments LLC MA lowered its stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 10.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 126,507 shares of the technology infrastructure company’s stock after selling 14,073 shares during the quarter. Leeward Investments LLC MA owned 0.08% of Akamai Technologies worth $12,747,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of AKAM. Farther Finance Advisors LLC lifted its position in shares of Akamai Technologies by 85.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 247 shares of the technology infrastructure company’s stock worth $25,000 after buying an additional 114 shares in the last quarter. Versant Capital Management Inc boosted its position in Akamai Technologies by 170.8% in the second quarter. Versant Capital Management Inc now owns 306 shares of the technology infrastructure company’s stock worth $28,000 after purchasing an additional 193 shares during the last quarter. Innealta Capital LLC bought a new position in Akamai Technologies in the 2nd quarter valued at $28,000. EntryPoint Capital LLC bought a new position in Akamai Technologies in the 1st quarter valued at $31,000. Finally, Family Firm Inc. purchased a new stake in shares of Akamai Technologies during the 2nd quarter valued at $35,000. Institutional investors own 94.28% of the company’s stock.

Akamai Technologies Stock Up 3.7 %

Shares of AKAM opened at $104.71 on Thursday. Akamai Technologies, Inc. has a 1 year low of $87.59 and a 1 year high of $129.17. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.32 and a quick ratio of 1.32. The stock has a 50 day simple moving average of $101.07 and a two-hundred day simple moving average of $97.26. The firm has a market cap of $15.87 billion, a P/E ratio of 25.92, a P/E/G ratio of 3.22 and a beta of 0.68.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings data on Thursday, August 8th. The technology infrastructure company reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.05. Akamai Technologies had a return on equity of 14.78% and a net margin of 16.01%. The firm had revenue of $979.60 million during the quarter, compared to analyst estimates of $977.67 million. During the same quarter in the prior year, the firm posted $1.01 earnings per share. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, analysts forecast that Akamai Technologies, Inc. will post 4.42 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on AKAM shares. Craig Hallum upgraded shares of Akamai Technologies from a “hold” rating to a “buy” rating and raised their price target for the stock from $110.00 to $125.00 in a research note on Friday, August 9th. Hsbc Global Res upgraded Akamai Technologies from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, July 24th. Scotiabank increased their price target on Akamai Technologies from $110.00 to $115.00 and gave the stock a “sector outperform” rating in a research note on Friday, August 9th. Guggenheim upgraded Akamai Technologies from a “neutral” rating to a “buy” rating and set a $128.00 price objective on the stock in a research note on Monday, July 29th. Finally, HSBC upgraded shares of Akamai Technologies from a “reduce” rating to a “hold” rating and set a $96.00 target price for the company in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Akamai Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $116.47.

Insider Activity at Akamai Technologies

In related news, CTO Robert Blumofe sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $100.69, for a total transaction of $251,725.00. Following the completion of the transaction, the chief technology officer now owns 22,010 shares in the company, valued at $2,216,186.90. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Akamai Technologies news, CTO Robert Blumofe sold 2,500 shares of Akamai Technologies stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $100.69, for a total transaction of $251,725.00. Following the sale, the chief technology officer now directly owns 22,010 shares of the company’s stock, valued at approximately $2,216,186.90. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Paul C. Joseph sold 4,000 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $97.30, for a total value of $389,200.00. Following the completion of the transaction, the executive vice president now directly owns 30,703 shares of the company’s stock, valued at $2,987,401.90. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,500 shares of company stock worth $741,655 in the last 90 days. Company 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.