Charles Schwab Investment Management Inc. Has $88.21 Million Position in Akamai Technologies, Inc. (NASDAQ:AKAM)

Charles Schwab Investment Management Inc. grew its holdings in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 3.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 922,244 shares of the technology infrastructure company’s stock after acquiring an additional 29,888 shares during the period. Charles Schwab Investment Management Inc. owned 0.61% of Akamai Technologies worth $88,213,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Farther Finance Advisors LLC grew its stake in shares of Akamai Technologies by 85.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 247 shares of the technology infrastructure company’s stock valued at $25,000 after buying an additional 114 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Akamai Technologies in the 4th quarter valued at about $49,000. Bruce G. Allen Investments LLC grew its stake in shares of Akamai Technologies by 38.8% in the 4th quarter. Bruce G. Allen Investments LLC now owns 554 shares of the technology infrastructure company’s stock valued at $53,000 after buying an additional 155 shares during the period. Wolverine Asset Management LLC acquired a new stake in shares of Akamai Technologies in the 4th quarter valued at about $57,000. Finally, Jones Financial Companies Lllp grew its stake in shares of Akamai Technologies by 443.2% in the 4th quarter. Jones Financial Companies Lllp now owns 804 shares of the technology infrastructure company’s stock valued at $77,000 after buying an additional 656 shares during the period. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Akamai Technologies

In related news, CFO Edward J. Mcgowan sold 10,782 shares of Akamai Technologies stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $98.71, for a total value of $1,064,291.22. Following the completion of the transaction, the chief financial officer now directly 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 is accessible through this hyperlink. Also, COO Adam Karon sold 6,431 shares of Akamai Technologies stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $80.49, for a total transaction of $517,631.19. Following the completion of the transaction, the chief operating officer now owns 14,239 shares of the company’s stock, valued at $1,146,097.11. This represents a 31.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 42,176 shares of company stock worth $3,759,934 in the last quarter. Insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. Royal Bank of Canada reduced their target price on Akamai Technologies from $100.00 to $90.00 and set a “sector perform” rating for the company in a research note on Friday, February 21st. Bank of America downgraded Akamai Technologies from a “buy” rating to a “neutral” rating and reduced their target price for the company from $125.00 to $100.00 in a research note on Friday, February 21st. Raymond James reduced their target price on Akamai Technologies from $115.00 to $110.00 and set an “outperform” rating for the company in a research note on Friday, February 21st. Oppenheimer raised shares of Akamai Technologies from a “market perform” rating to an “outperform” rating and set a $120.00 price target on the stock in a research report on Monday, December 2nd. Finally, Scotiabank dropped their price target on shares of Akamai Technologies from $115.00 to $107.00 and set a “sector outperform” rating on the stock in a research report on Friday, February 21st. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $107.55.

Akamai Technologies Price Performance

Akamai Technologies stock opened at $84.15 on Tuesday. Akamai Technologies, Inc. has a 52 week low of $75.50 and a 52 week high of $111.79. The company’s 50 day moving average price is $92.83 and its two-hundred day moving average price is $96.48. The company has a quick ratio of 1.33, a current ratio of 1.23 and a debt-to-equity ratio of 0.49. The stock has a market cap of $12.65 billion, a P/E ratio of 25.81, a P/E/G ratio of 2.74 and a beta of 0.68.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings results on Thursday, February 20th. The technology infrastructure company reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.52 by ($0.33). Akamai Technologies had a return on equity of 14.35% and a net margin of 12.65%. The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.02 billion. On average, equities analysts predict that Akamai Technologies, Inc. will post 4.6 earnings per share for the current year.

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.