Signaturefd LLC Has $142,000 Position in Akamai Technologies, Inc. (NASDAQ:AKAM)

Signaturefd LLC increased its holdings in Akamai Technologies, Inc. (NASDAQ:AKAM) by 10.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,402 shares of the technology infrastructure company’s stock after purchasing an additional 129 shares during the period. Signaturefd LLC’s holdings in Akamai Technologies were worth $142,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AKAM. EntryPoint Capital LLC bought a new stake in shares of Akamai Technologies in the 1st quarter valued at approximately $31,000. Versant Capital Management Inc boosted its stake in Akamai Technologies by 170.8% in the 2nd quarter. Versant Capital Management Inc now owns 306 shares of the technology infrastructure company’s stock valued at $28,000 after buying an additional 193 shares in the last quarter. Innealta Capital LLC bought a new stake in Akamai Technologies in the second quarter valued at $28,000. Family Firm Inc. acquired a new position in Akamai Technologies during the second quarter worth $35,000. Finally, Covestor Ltd lifted its holdings in shares of Akamai Technologies by 224.6% during the first quarter. Covestor Ltd now owns 448 shares of the technology infrastructure company’s stock valued at $48,000 after acquiring an additional 310 shares during the period. Institutional investors own 94.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AKAM. Needham & Company LLC reaffirmed a “hold” rating on shares of Akamai Technologies in a report on Friday, August 9th. Piper Sandler dropped their price objective on shares of Akamai Technologies from $114.00 to $112.00 and set an “overweight” rating for the company in a report on Monday, July 15th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $100.00 target price on shares of Akamai Technologies in a research note on Thursday, August 15th. DA Davidson restated a “buy” rating and set a $115.00 price target on shares of Akamai Technologies in a research report on Friday, August 9th. Finally, Tigress Financial reiterated a “strong-buy” rating and issued a $140.00 price objective on shares of Akamai Technologies in a research report on Thursday, August 29th. One analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $116.47.

Insider Transactions at Akamai Technologies

In related news, EVP Paul C. Joseph sold 4,000 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $97.30, for a total value of $389,200.00. Following the completion of the sale, the executive vice president now owns 30,703 shares in the company, valued at approximately $2,987,401.90. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Akamai Technologies news, EVP Paul C. Joseph sold 4,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $97.30, for a total transaction of $389,200.00. Following the transaction, the executive vice president now owns 30,703 shares in the company, valued at approximately $2,987,401.90. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Robert Blumofe sold 2,500 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $100.69, for a total value of $251,725.00. Following the completion of the sale, the chief technology officer now directly owns 22,010 shares of the company’s stock, valued at approximately $2,216,186.90. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,500 shares of company stock worth $741,655 in the last three months. Insiders own 1.80% of the company’s stock.

Akamai Technologies Stock Performance

Akamai Technologies stock opened at $101.97 on Monday. The company has a market cap of $15.53 billion, a PE ratio of 25.37, a PEG ratio of 3.31 and a beta of 0.68. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.50. Akamai Technologies, Inc. has a 1 year low of $87.59 and a 1 year high of $129.17. The company’s 50-day moving average is $100.99 and its two-hundred day moving average is $97.23.

Akamai Technologies (NASDAQ:AKAM) last announced its quarterly earnings data on Thursday, August 8th. The technology infrastructure company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.05. Akamai Technologies had a net margin of 16.01% and a return on equity of 14.78%. The business had revenue of $979.60 million for the quarter, compared to analyst estimates of $977.67 million. During the same period in the prior year, the business posted $1.01 earnings per share. Akamai Technologies’s revenue was up 4.7% compared to the same quarter last year. Equities analysts anticipate that Akamai Technologies, Inc. will post 4.42 earnings per share for the current year.

Akamai Technologies 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.