Lindbrook Capital LLC Purchases 125 Shares of Akamai Technologies, Inc. (NASDAQ:AKAM)

Lindbrook Capital LLC raised its holdings in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 43.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 411 shares of the technology infrastructure company’s stock after acquiring an additional 125 shares during the quarter. Lindbrook Capital LLC’s holdings in Akamai Technologies were worth $49,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Planned Solutions Inc. bought a new position in Akamai Technologies in the fourth quarter valued at $37,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Akamai Technologies in the fourth quarter valued at about $43,000. Bruce G. Allen Investments LLC acquired a new stake in shares of Akamai Technologies in the fourth quarter valued at about $44,000. Headinvest LLC bought a new stake in Akamai Technologies during the third quarter worth about $40,000. Finally, UMB Bank n.a. boosted its position in Akamai Technologies by 144.3% during the fourth quarter. UMB Bank n.a. now owns 562 shares of the technology infrastructure company’s stock valued at $67,000 after purchasing an additional 332 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Akamai Technologies

In related news, CMO Kim Salem-Jackson sold 2,600 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $123.30, for a total value of $320,580.00. Following the transaction, the chief marketing officer now owns 27,663 shares in the company, valued at $3,410,847.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CMO Kim Salem-Jackson sold 2,600 shares of the 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 in the company, valued at approximately $3,410,847.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Adam Karon sold 8,394 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $108.26, for a total transaction of $908,734.44. Following the transaction, the chief operating officer now owns 21,046 shares of the company’s stock, valued at $2,278,439.96. The disclosure for this sale can be found here. Insiders sold 33,353 shares of company stock valued at $3,688,883 in the last three months. Corporate insiders own 1.80% of the company’s stock.

Akamai Technologies Price Performance

NASDAQ:AKAM opened at $101.79 on Friday. Akamai Technologies, Inc. has a 52 week low of $76.85 and a 52 week high of $129.17. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.16 and a current ratio of 2.16. The firm’s 50-day simple moving average is $107.12 and its 200 day simple moving average is $112.30. The firm has a market cap of $15.42 billion, a price-to-earnings ratio of 28.84, a P/E/G ratio of 2.87 and a beta of 0.72.

Akamai Technologies (NASDAQ:AKAM) last announced its earnings results on Tuesday, February 13th. The technology infrastructure company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.59 by $0.10. The company had revenue of $995.00 million for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the firm earned $1.01 earnings per share. As a group, sell-side analysts predict that Akamai Technologies, Inc. will post 4.84 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $115.00 price objective on shares of Akamai Technologies in a research note on Wednesday, February 14th. StockNews.com raised shares of Akamai Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, January 25th. HSBC lowered shares of Akamai Technologies from a “hold” rating to a “reduce” rating and lowered their price objective for the stock from $109.00 to $96.00 in a research note on Thursday, February 15th. KeyCorp raised their target price on shares of Akamai Technologies from $134.00 to $138.00 and gave the company an “overweight” rating in a research note on Friday, January 19th. Finally, Robert W. Baird raised Akamai Technologies from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $128.00 to $135.00 in a research report on Thursday, March 7th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $121.60.

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.