Leeward Investments LLC MA Has $16.73 Million Position in Akamai Technologies, Inc. (NASDAQ:AKAM)

Leeward Investments LLC MA reduced its stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 2.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 141,316 shares of the technology infrastructure company’s stock after selling 3,813 shares during the quarter. Leeward Investments LLC MA’s holdings in Akamai Technologies were worth $16,725,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Bryn Mawr Capital Management LLC lifted its stake in Akamai Technologies by 243.3% in the fourth quarter. Bryn Mawr Capital Management LLC now owns 8,133 shares of the technology infrastructure company’s stock valued at $963,000 after acquiring an additional 5,764 shares during the last quarter. Trust Asset Management LLC acquired a new stake in Akamai Technologies in the fourth quarter valued at approximately $216,000. Syon Capital LLC acquired a new stake in Akamai Technologies in the fourth quarter valued at approximately $411,000. Tokio Marine Asset Management Co. Ltd. lifted its stake in Akamai Technologies by 6.4% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,975 shares of the technology infrastructure company’s stock valued at $470,000 after acquiring an additional 238 shares during the last quarter. Finally, Alaska Permanent Fund Corp acquired a new stake in Akamai Technologies in the fourth quarter valued at approximately $1,590,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, COO Adam Karon sold 8,394 shares of the company’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 completion of the sale, the chief operating officer now directly owns 21,046 shares of the company’s stock, valued at approximately $2,278,439.96. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, EVP Anthony P. Williams sold 4,500 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $108.73, for a total transaction of $489,285.00. Following the completion of the sale, the executive vice president now directly owns 14,938 shares of the company’s stock, valued at approximately $1,624,208.74. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Adam Karon sold 8,394 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at $2,278,439.96. The disclosure for this sale can be found here. Insiders sold a total of 33,353 shares of company stock valued at $3,688,883 in the last ninety days. 1.80% of the stock is owned by insiders.

Akamai Technologies Stock Down 0.1 %

Shares of NASDAQ AKAM opened at $101.68 on Friday. The company has a market cap of $15.41 billion, a price-to-earnings ratio of 28.80, a price-to-earnings-growth ratio of 2.87 and a beta of 0.72. Akamai Technologies, Inc. has a 12-month low of $76.85 and a 12-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. The firm’s 50-day simple moving average is $106.97 and its 200 day simple moving average is $112.27.

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 analysts’ consensus estimates of $1.59 by $0.10. The company had revenue of $995.00 million during the quarter, compared to analysts’ expectations of $999.09 million. Akamai Technologies had a return on equity of 14.90% and a net margin of 14.37%. Akamai Technologies’s revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.01 EPS. On average, research analysts expect that Akamai Technologies, Inc. will post 4.84 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AKAM has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Akamai Technologies from $78.00 to $81.00 and gave the company an “underweight” rating in a research report on Wednesday, February 14th. Royal Bank of Canada reissued a “sector perform” rating and issued a $115.00 price target on shares of Akamai Technologies in a research report on Wednesday, February 14th. KeyCorp lifted their price target on shares of Akamai Technologies from $134.00 to $138.00 and gave the company an “overweight” rating in a research report on Friday, January 19th. Robert W. Baird raised shares of Akamai Technologies from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $128.00 to $135.00 in a research report on Thursday, March 7th. Finally, Citigroup dropped their target price on shares of Akamai Technologies from $140.00 to $117.00 and set a “neutral” rating on the stock in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Akamai Technologies 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.