Swiss National Bank Has $56.15 Million Stock Holdings in Akamai Technologies, Inc. (NASDAQ:AKAM)

Swiss National Bank decreased its position in Akamai Technologies, Inc. (NASDAQ:AKAM) by 3.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 474,400 shares of the technology infrastructure company’s stock after selling 15,200 shares during the period. Swiss National Bank owned about 0.31% of Akamai Technologies worth $56,145,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Summit Financial LLC bought a new position in Akamai Technologies in the fourth quarter valued at $893,000. Mach 1 Financial Group LLC acquired a new stake in shares of Akamai Technologies in the fourth quarter valued at about $903,000. Mission Wealth Management LP bought a new stake in Akamai Technologies during the fourth quarter worth about $5,545,000. EWA LLC boosted its position in Akamai Technologies by 7.5% during the fourth quarter. EWA LLC now owns 2,556 shares of the technology infrastructure company’s stock valued at $318,000 after purchasing an additional 179 shares during the last quarter. Finally, Mather Group LLC. grew its stake in Akamai Technologies by 6.3% in the fourth quarter. Mather Group LLC. now owns 6,896 shares of the technology infrastructure company’s stock valued at $816,000 after purchasing an additional 410 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Akamai Technologies Trading Down 0.1 %

AKAM stock opened at $99.67 on Monday. Akamai Technologies, Inc. has a 52 week low of $76.85 and a 52 week high of $129.17. The company has a market capitalization of $15.10 billion, a PE ratio of 28.24, a price-to-earnings-growth ratio of 2.81 and a beta of 0.72. The company’s 50-day simple moving average is $106.23 and its 200 day simple moving average is $112.05. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.16 and a current ratio of 2.16.

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 anticipate that Akamai Technologies, Inc. will post 4.84 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on AKAM shares. KeyCorp increased their price objective on Akamai Technologies from $134.00 to $138.00 and gave the company an “overweight” rating in a report on Friday, January 19th. Citigroup decreased their price objective on shares of Akamai Technologies from $140.00 to $117.00 and set a “neutral” rating for the company in a research report on Thursday, April 25th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $115.00 target price on shares of Akamai Technologies in a report on Wednesday, February 14th. Robert W. Baird upgraded shares of Akamai Technologies from a “neutral” rating to an “outperform” rating and raised their target price for the company from $128.00 to $135.00 in a research note on Thursday, March 7th. Finally, HSBC downgraded Akamai Technologies from a “hold” rating to a “reduce” rating and lowered their price target for the stock from $109.00 to $96.00 in a research report on Thursday, February 15th. 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 company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $121.60.

Insider Activity

In related news, COO Adam Karon sold 14,349 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $109.78, for a total value of $1,575,233.22. Following the transaction, the chief operating officer now owns 6,697 shares in the company, valued at $735,196.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Anthony P. Williams sold 4,500 shares of Akamai Technologies stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $108.73, for a total value of $489,285.00. Following the transaction, the executive vice president now owns 14,938 shares in the company, valued at approximately $1,624,208.74. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Adam Karon sold 14,349 shares of the company’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $109.78, for a total value of $1,575,233.22. Following the sale, the chief operating officer now owns 6,697 shares of the company’s stock, valued at $735,196.66. The disclosure for this sale can be found here. In the last three months, insiders sold 30,753 shares of company stock worth $3,368,303. 1.80% of the stock is currently owned by company insiders.

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.