Atria Investments Inc Purchases 293 Shares of Akamai Technologies, Inc. (NASDAQ:AKAM)

Atria Investments Inc boosted its position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 5.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,497 shares of the technology infrastructure company’s stock after purchasing an additional 293 shares during the period. Atria Investments Inc’s holdings in Akamai Technologies were worth $526,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. SBI Securities Co. Ltd. bought a new stake in shares of Akamai Technologies during the fourth quarter worth approximately $49,000. Banque Cantonale Vaudoise raised its stake in shares of Akamai Technologies by 86.9% during the third quarter. Banque Cantonale Vaudoise now owns 44,390 shares of the technology infrastructure company’s stock worth $4,481,000 after buying an additional 20,633 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Akamai Technologies by 1.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 892,356 shares of the technology infrastructure company’s stock worth $90,083,000 after buying an additional 11,272 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Akamai Technologies by 49.6% during the fourth quarter. Van ECK Associates Corp now owns 2,746 shares of the technology infrastructure company’s stock worth $263,000 after buying an additional 910 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its stake in shares of Akamai Technologies by 32.6% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 188,388 shares of the technology infrastructure company’s stock worth $19,018,000 after buying an additional 46,335 shares during the last quarter. 94.28% of the stock is owned by institutional investors.

Insider Activity at Akamai Technologies

In other Akamai Technologies news, EVP Aaron Ahola sold 4,000 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $80.92, for a total transaction of $323,680.00. Following the sale, the executive vice president now directly owns 25,211 shares in the company, valued at $2,040,074.12. This represents a 13.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Edward J. Mcgowan sold 10,782 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $98.71, for a total transaction of $1,064,291.22. Following the sale, the chief financial officer now owns 12,716 shares in the company, valued at $1,255,196.36. The trade was a 45.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,176 shares of company stock worth $4,083,614. Corporate insiders own 1.80% of the company’s stock.

Akamai Technologies Price Performance

Shares of AKAM opened at $80.73 on Friday. The firm has a market capitalization of $12.14 billion, a PE ratio of 24.76, a PEG ratio of 2.74 and a beta of 0.68. The company’s 50-day moving average is $91.62 and its 200-day moving average is $95.91. Akamai Technologies, Inc. has a fifty-two week low of $75.50 and a fifty-two week high of $110.18. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.23 and a quick ratio of 1.33.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings results on Thursday, February 20th. The technology infrastructure company reported $1.19 EPS for the quarter, missing the consensus estimate of $1.52 by ($0.33). Akamai Technologies had a net margin of 12.65% and a return on equity of 14.35%. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. Equities analysts forecast that Akamai Technologies, Inc. will post 4.6 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. UBS Group assumed coverage on shares of Akamai Technologies in a report on Monday, December 16th. They set a “neutral” rating and a $110.00 price objective for the company. JPMorgan Chase & Co. decreased their price objective on shares of Akamai Technologies from $76.00 to $72.00 and set an “underweight” rating for the company in a report on Friday, February 21st. Oppenheimer upgraded shares of Akamai Technologies from a “market perform” rating to an “outperform” rating and set a $120.00 price objective for the company in a report on Monday, December 2nd. Citigroup reduced their price target on shares of Akamai Technologies from $102.00 to $95.00 and set a “neutral” rating for the company in a report on Monday, February 24th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Akamai Technologies in a report on Friday, February 21st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Akamai Technologies has an average rating of “Moderate Buy” and an average target price of $107.55.

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.