Natixis Advisors L.P. Raises Position in Akamai Technologies, Inc. (NASDAQ:AKAM)

Natixis Advisors L.P. increased its stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 12.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 192,825 shares of the technology infrastructure company’s stock after buying an additional 21,583 shares during the quarter. Natixis Advisors L.P. owned 0.13% of Akamai Technologies worth $22,820,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in AKAM. Duality Advisers LP purchased a new stake in Akamai Technologies during the fourth quarter worth about $476,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new stake in shares of Akamai Technologies in the fourth quarter valued at $1,184,000. RWA Wealth Partners LLC purchased a new position in shares of Akamai Technologies during the 4th quarter valued at $4,441,000. Quadrature Capital Ltd bought a new position in shares of Akamai Technologies during the 3rd quarter worth $4,238,000. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new stake in Akamai Technologies in the 4th quarter valued at about $1,879,000. Institutional investors own 94.28% of the company’s stock.

Akamai Technologies Stock Down 0.1 %

AKAM stock opened at $99.67 on Monday. The business’s 50-day moving average price is $106.23 and its 200-day moving average price is $112.05. The stock has a market cap of $15.10 billion, a P/E ratio of 28.24, a PEG ratio of 2.81 and a beta of 0.72. Akamai Technologies, Inc. has a twelve month low of $76.85 and a twelve month high of $129.17. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.77.

Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings results on Tuesday, February 13th. The technology infrastructure company reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.10. Akamai Technologies had a return on equity of 14.90% and a net margin of 14.37%. The business had revenue of $995.00 million for the quarter, compared to analysts’ expectations of $999.09 million. During the same period last year, the firm earned $1.01 earnings per share. The business’s quarterly revenue was up 7.2% on a year-over-year basis. On average, equities research analysts forecast that Akamai Technologies, Inc. will post 4.84 EPS for the current year.

Insider Buying and Selling

In related news, COO Adam Karon sold 8,394 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $108.26, for a total value of $908,734.44. Following the sale, the chief operating officer now directly owns 21,046 shares in the company, valued at $2,278,439.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, COO Adam Karon sold 8,394 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $108.26, for a total value of $908,734.44. Following the sale, the chief operating officer now owns 21,046 shares in the company, valued at $2,278,439.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Anthony P. Williams sold 4,500 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $108.73, for a total transaction of $489,285.00. Following the transaction, the executive vice president now owns 14,938 shares of the company’s stock, valued at approximately $1,624,208.74. The disclosure for this sale can be found here. Over the last quarter, insiders sold 30,753 shares of company stock worth $3,368,303. 1.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AKAM. KeyCorp lifted their target price on shares of Akamai Technologies from $134.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday, January 19th. Citigroup lowered their target price on shares of Akamai Technologies from $140.00 to $117.00 and set a “neutral” rating on the stock in a report on Thursday, April 25th. HSBC lowered Akamai Technologies from a “hold” rating to a “reduce” rating and cut their price target for the stock from $109.00 to $96.00 in a report on Thursday, February 15th. Piper Sandler boosted their price objective on Akamai Technologies from $130.00 to $136.00 and gave the company an “overweight” rating in a research note on Wednesday, February 14th. Finally, Robert W. Baird upgraded Akamai Technologies from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $128.00 to $135.00 in a research note on Thursday, March 7th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $121.60.

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.