Leeward Investments LLC MA Sells 3,800 Shares of Akamai Technologies, Inc. (NASDAQ:AKAM)

Leeward Investments LLC MA decreased its position in Akamai Technologies, Inc. (NASDAQ:AKAM) by 3.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 122,707 shares of the technology infrastructure company’s stock after selling 3,800 shares during the period. Leeward Investments LLC MA owned about 0.08% of Akamai Technologies worth $11,737,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Wolverine Asset Management LLC purchased a new position in shares of Akamai Technologies in the 4th quarter worth about $57,000. Tandem Investment Advisors Inc. boosted its stake in Akamai Technologies by 0.5% in the 4th quarter. Tandem Investment Advisors Inc. now owns 30,096 shares of the technology infrastructure company’s stock worth $2,879,000 after purchasing an additional 140 shares during the period. Handelsbanken Fonder AB boosted its stake in Akamai Technologies by 46.2% in the 4th quarter. Handelsbanken Fonder AB now owns 38,734 shares of the technology infrastructure company’s stock worth $3,705,000 after purchasing an additional 12,248 shares during the period. Bryn Mawr Capital Management LLC raised its holdings in shares of Akamai Technologies by 395.3% during the 4th quarter. Bryn Mawr Capital Management LLC now owns 40,288 shares of the technology infrastructure company’s stock worth $3,854,000 after acquiring an additional 32,154 shares in the last quarter. Finally, Alberta Investment Management Corp purchased a new stake in shares of Akamai Technologies during the 4th quarter worth approximately $4,912,000. Institutional investors own 94.28% of the company’s stock.

Akamai Technologies Price Performance

NASDAQ:AKAM opened at $76.73 on Friday. Akamai Technologies, Inc. has a 52 week low of $76.50 and a 52 week high of $113.36. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $11.53 billion, a P/E ratio of 23.54, a P/E/G ratio of 3.50 and a beta of 0.65. The stock’s fifty day moving average is $96.15 and its two-hundred day moving average is $97.90.

Akamai Technologies (NASDAQ:AKAM) last posted its earnings results on Thursday, February 20th. The technology infrastructure company reported $1.19 EPS for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.33). Akamai Technologies had a net margin of 12.65% and a return on equity of 14.47%. The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Equities analysts expect that Akamai Technologies, Inc. will post 4.6 EPS for the current year.

Analyst Ratings Changes

AKAM has been the topic of several recent research reports. UBS Group began coverage on Akamai Technologies in a report on Monday, December 16th. They set a “neutral” rating and a $110.00 price target on the stock. Citigroup dropped their price target on Akamai Technologies from $104.00 to $102.00 and set a “neutral” rating on the stock in a research report on Friday, January 17th. HSBC raised Akamai Technologies from a “hold” rating to a “buy” rating and set a $121.00 price objective on the stock in a research report on Monday, November 11th. TD Cowen downgraded Akamai Technologies from a “buy” rating to a “hold” rating and dropped their price objective for the company from $125.00 to $98.00 in a research report on Friday. Finally, Bank of America cut Akamai Technologies from a “buy” rating to a “neutral” rating and decreased their price target for the company from $125.00 to $100.00 in a research note on Friday. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Akamai Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $107.90.

Insider Buying and Selling at Akamai Technologies

In related news, CFO Edward J. Mcgowan sold 10,782 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $98.71, for a total value of $1,064,291.22. Following the sale, the chief financial officer now owns 12,716 shares in the company, valued at approximately $1,255,196.36. The trade was a 45.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Paul C. Joseph sold 4,000 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $91.57, for a total value of $366,280.00. Following the completion of the sale, the executive vice president now owns 23,104 shares in the company, valued at $2,115,633.28. This represents a 14.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,782 shares of company stock worth $1,523,951 over the last quarter. 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.