Akamai Technologies, Inc. (NASDAQ:AKAM) Shares Sold by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich reduced its stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 27.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,474 shares of the technology infrastructure company’s stock after selling 933 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Akamai Technologies were worth $293,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AKAM. Planned Solutions Inc. acquired a new stake in shares of Akamai Technologies during the 4th quarter valued at about $37,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Akamai Technologies during the 4th quarter valued at about $43,000. Bruce G. Allen Investments LLC acquired a new stake in shares of Akamai Technologies during the 4th quarter valued at about $44,000. Headinvest LLC acquired a new stake in shares of Akamai Technologies during the 3rd quarter valued at about $40,000. Finally, Lindbrook Capital LLC grew its position in shares of Akamai Technologies by 43.7% during the 4th quarter. Lindbrook Capital LLC now owns 411 shares of the technology infrastructure company’s stock valued at $49,000 after acquiring an additional 125 shares during the period. 94.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on AKAM. Piper Sandler raised their target price on Akamai Technologies from $130.00 to $136.00 and gave the company an “overweight” rating in a research report on Wednesday, February 14th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $115.00 price objective on shares of Akamai Technologies in a report on Wednesday, February 14th. JPMorgan Chase & Co. lifted their price objective on Akamai Technologies from $78.00 to $81.00 and gave the stock an “underweight” rating in a report on Wednesday, February 14th. KeyCorp lifted their price objective on Akamai Technologies from $134.00 to $138.00 and gave the stock an “overweight” rating in a report on Friday, January 19th. Finally, StockNews.com upgraded Akamai Technologies from a “hold” rating to a “buy” rating in a report on Thursday, January 25th. Two analysts have rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $121.60.

Akamai Technologies Trading Down 0.1 %

AKAM opened at $101.68 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.16 and a quick ratio of 2.16. The company’s 50 day simple moving average is $106.97 and its two-hundred day simple moving average is $112.30. Akamai Technologies, Inc. has a 1-year low of $76.85 and a 1-year high of $129.17. The firm has a market capitalization of $15.41 billion, a price-to-earnings ratio of 28.80, a price-to-earnings-growth ratio of 2.87 and a beta of 0.72.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings results on Tuesday, February 13th. The technology infrastructure company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.59 by $0.10. The firm had revenue of $995.00 million for the quarter, compared to analyst estimates of $999.09 million. Akamai Technologies had a net margin of 14.37% and a return on equity of 14.90%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.01 EPS. Analysts expect that Akamai Technologies, Inc. will post 4.84 EPS for the current fiscal year.

Insider Activity

In other news, CMO Kim Salem-Jackson sold 2,600 shares of Akamai Technologies stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $123.30, for a total transaction of $320,580.00. Following the sale, the chief marketing officer now owns 27,663 shares of the company’s stock, valued at approximately $3,410,847.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CMO Kim Salem-Jackson sold 2,600 shares of Akamai Technologies stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $123.30, for a total value of $320,580.00. Following the completion of the sale, the chief marketing officer now owns 27,663 shares in the company, valued at approximately $3,410,847.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Anthony P. Williams sold 3,510 shares of Akamai Technologies stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $112.55, for a total transaction of $395,050.50. Following the completion of the sale, the executive vice president now owns 4,299 shares of the company’s stock, valued at approximately $483,852.45. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,353 shares of company stock valued at $3,688,883. 1.80% of the stock is currently owned by company insiders.

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.