Akamai Technologies, Inc. (NASDAQ:AKAM) Shares Sold by Ipswich Investment Management Co. Inc.

Ipswich Investment Management Co. Inc. lowered its holdings in Akamai Technologies, Inc. (NASDAQ:AKAM) by 2.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,304 shares of the technology infrastructure company’s stock after selling 115 shares during the quarter. Ipswich Investment Management Co. Inc.’s holdings in Akamai Technologies were worth $628,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Raymond James Financial Services Advisors Inc. increased its stake in shares of Akamai Technologies by 0.3% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 34,816 shares of the technology infrastructure company’s stock worth $4,120,000 after buying an additional 97 shares during the period. ORG Partners LLC increased its position in shares of Akamai Technologies by 16.7% in the 4th quarter. ORG Partners LLC now owns 700 shares of the technology infrastructure company’s stock valued at $83,000 after purchasing an additional 100 shares during the last quarter. Private Trust Co. NA increased its position in shares of Akamai Technologies by 17.9% in the 4th quarter. Private Trust Co. NA now owns 711 shares of the technology infrastructure company’s stock valued at $84,000 after purchasing an additional 108 shares during the last quarter. Xponance Inc. raised its holdings in shares of Akamai Technologies by 0.5% in the 3rd quarter. Xponance Inc. now owns 20,620 shares of the technology infrastructure company’s stock valued at $2,197,000 after purchasing an additional 110 shares in the last quarter. Finally, Capital Analysts LLC grew its stake in shares of Akamai Technologies by 15.5% during the fourth quarter. Capital Analysts LLC now owns 857 shares of the technology infrastructure company’s stock worth $101,000 after purchasing an additional 115 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Analyst Upgrades and Downgrades

AKAM has been the subject of a number of recent analyst reports. StockNews.com raised Akamai Technologies from a “hold” rating to a “buy” rating in a report on Thursday, January 25th. Robert W. Baird raised Akamai Technologies from a “neutral” rating to an “outperform” rating and upped their price target for the company from $128.00 to $135.00 in a report on Thursday, March 7th. HSBC lowered shares of Akamai Technologies from a “hold” rating to a “reduce” rating and dropped their price target for the company from $109.00 to $96.00 in a research note on Thursday, February 15th. JPMorgan Chase & Co. boosted their price objective on shares of Akamai Technologies from $78.00 to $81.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 14th. Finally, Piper Sandler increased their target price on shares of Akamai Technologies from $130.00 to $136.00 and gave the company an “overweight” rating in a research report on Wednesday, February 14th. Two analysts have rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $121.27.

Akamai Technologies Trading Up 0.8 %

Shares of AKAM stock opened at $101.50 on Friday. The company has a market capitalization of $15.38 billion, a P/E ratio of 28.75, a price-to-earnings-growth ratio of 2.87 and a beta of 0.72. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.77. The business’s 50 day moving average is $108.58 and its two-hundred day moving average is $112.46. Akamai Technologies, Inc. has a twelve month low of $76.85 and a twelve month high of $129.17.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings results on Tuesday, February 13th. The technology infrastructure company reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.10. The firm had revenue of $995.00 million during the quarter, compared to the consensus estimate of $999.09 million. Akamai Technologies had a return on equity of 14.90% and a net margin of 14.37%. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period last year, the company earned $1.01 earnings per share. Equities analysts forecast that Akamai Technologies, Inc. will post 4.84 EPS for the current year.

Insider Transactions at Akamai Technologies

In related news, CMO Kim Salem-Jackson sold 2,600 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $123.30, for a total value of $320,580.00. Following the completion of the sale, the chief marketing officer now owns 27,663 shares in the company, valued at $3,410,847.90. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Akamai Technologies 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 sale, the chief marketing officer now owns 27,663 shares of the company’s stock, valued at $3,410,847.90. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Anthony P. Williams sold 4,500 shares of the business’s stock in a transaction 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 sale, the executive vice president now owns 14,938 shares in the company, valued at $1,624,208.74. The disclosure for this sale can be found here. Insiders have sold a total of 33,353 shares of company stock worth $3,688,883 over the last ninety days. 1.80% of the stock is currently owned by company insiders.

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.