Akamai Technologies, Inc. (NASDAQ:AKAM) Shares Sold by Bank of New Hampshire

Bank of New Hampshire lessened its stake in Akamai Technologies, Inc. (NASDAQ:AKAM) by 1.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 15,718 shares of the technology infrastructure company’s stock after selling 162 shares during the period. Bank of New Hampshire’s holdings in Akamai Technologies were worth $1,860,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Boston Trust Walden Corp grew its position in Akamai Technologies by 0.3% in the third quarter. Boston Trust Walden Corp now owns 310,781 shares of the technology infrastructure company’s stock worth $33,111,000 after acquiring an additional 876 shares during the period. Counterpoint Mutual Funds LLC purchased a new position in shares of Akamai Technologies during the third quarter worth $122,000. Caprock Group LLC purchased a new position in shares of Akamai Technologies during the third quarter worth $219,000. Oak Thistle LLC boosted its position in shares of Akamai Technologies by 24.8% during the third quarter. Oak Thistle LLC now owns 9,454 shares of the technology infrastructure company’s stock worth $1,007,000 after buying an additional 1,881 shares during the period. Finally, Czech National Bank boosted its position in shares of Akamai Technologies by 47.4% during the third quarter. Czech National Bank now owns 26,567 shares of the technology infrastructure company’s stock worth $2,830,000 after buying an additional 8,549 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.

Akamai Technologies Stock Up 0.3 %

Akamai Technologies stock traded up $0.28 during mid-day trading on Friday, hitting $102.07. The company had a trading volume of 233,596 shares, compared to its average volume of 1,606,401. The stock has a market cap of $15.47 billion, a price-to-earnings ratio of 28.84, a PEG ratio of 2.89 and a beta of 0.72. Akamai Technologies, Inc. has a 1 year low of $76.85 and a 1 year 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. The business has a fifty day moving average of $107.12 and a 200 day moving average of $112.30.

Akamai Technologies (NASDAQ:AKAM) last announced 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 company 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 firm’s revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.01 earnings per share. On average, sell-side analysts expect that Akamai Technologies, Inc. will post 4.84 earnings per share for the current fiscal year.

Analyst Ratings Changes

AKAM has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their price target on Akamai Technologies from $78.00 to $81.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 14th. Royal Bank of Canada restated a “sector perform” rating and set a $115.00 price target on shares of Akamai Technologies in a research report on Wednesday, February 14th. KeyCorp raised their price target on Akamai Technologies from $134.00 to $138.00 and gave the stock an “overweight” rating in a research report on Friday, January 19th. Citigroup decreased their target price on Akamai Technologies from $140.00 to $117.00 and set a “neutral” rating for the company in a report on Thursday. Finally, HSBC lowered Akamai Technologies from a “hold” rating to a “reduce” rating and decreased their target price for the company from $109.00 to $96.00 in a report on Thursday, February 15th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $121.60.

Insider Transactions at Akamai Technologies

In other news, COO Adam Karon sold 8,394 shares of the firm’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 directly owns 21,046 shares in the company, valued at $2,278,439.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other 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 completion of 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 SEC, which is available at this link. Also, COO Adam Karon sold 8,394 shares of Akamai Technologies 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 owns 21,046 shares of the company’s stock, valued at approximately $2,278,439.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,353 shares of company stock worth $3,688,883. Insiders own 1.80% of the company’s stock.

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.