Raymond James Financial Services Advisors Inc. lowered its stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 11.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 8,867 shares of the technology infrastructure company’s stock after selling 1,094 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Akamai Technologies were worth $542,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of AKAM. Focused Wealth Management Inc purchased a new stake in Akamai Technologies in the 4th quarter worth approximately $29,000. Private Capital Group LLC increased its holdings in Akamai Technologies by 148.5% in the 4th quarter. Private Capital Group LLC now owns 661 shares of the technology infrastructure company’s stock worth $40,000 after acquiring an additional 395 shares in the last quarter. Captrust Financial Advisors increased its holdings in Akamai Technologies by 394.2% in the 3rd quarter. Captrust Financial Advisors now owns 1,448 shares of the technology infrastructure company’s stock worth $106,000 after acquiring an additional 1,155 shares in the last quarter. Belpointe Asset Management LLC purchased a new stake in Akamai Technologies in the 3rd quarter worth approximately $113,000. Finally, Enlightenment Research LLC purchased a new stake in Akamai Technologies in the 4th quarter worth approximately $159,000. Institutional investors and hedge funds own 88.60% of the company’s stock.

AKAM stock opened at $70.78 on Thursday. Akamai Technologies, Inc. has a 1-year low of $57.18 and a 1-year high of $83.08. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $11.40 billion, a price-to-earnings ratio of 25.64, a price-to-earnings-growth ratio of 1.53 and a beta of 0.56.

Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings results on Tuesday, February 12th. The technology infrastructure company reported $1.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.07. Akamai Technologies had a return on equity of 13.81% and a net margin of 10.99%. The business had revenue of $713.36 million during the quarter, compared to the consensus estimate of $703.74 million. During the same period in the prior year, the company posted $0.69 EPS. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. On average, sell-side analysts expect that Akamai Technologies, Inc. will post 3.11 EPS for the current fiscal year.

Several research firms recently issued reports on AKAM. Evercore ISI began coverage on shares of Akamai Technologies in a report on Thursday, March 21st. They issued an “in-line” rating and a $70.00 target price for the company. Deutsche Bank lowered shares of Akamai Technologies from a “hold” rating to a “sell” rating and set a $58.00 target price for the company. in a report on Monday. Credit Suisse Group dropped their price target on Akamai Technologies from $77.00 to $73.00 and set a “neutral” rating for the company in a research note on Wednesday, February 13th. Zacks Investment Research downgraded Akamai Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 8th. Finally, BidaskClub downgraded Akamai Technologies from a “sell” rating to a “strong sell” rating in a research note on Thursday, December 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the stock. Akamai Technologies has a consensus rating of “Buy” and a consensus price target of $80.47.

In other news, Director Monte E. Ford sold 24,721 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $72.41, for a total transaction of $1,790,047.61. Following the completion of the transaction, the director now directly owns 41,012 shares in the company, valued at approximately $2,969,678.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Edward J. Mcgowan sold 5,520 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $72.40, for a total value of $399,648.00. Following the transaction, the chief financial officer now owns 15,134 shares of the company’s stock, valued at $1,095,701.60. The disclosure for this sale can be found here. Insiders have sold a total of 93,372 shares of company stock valued at $6,643,765 over the last quarter. Corporate insiders own 3.20% of the company’s stock.

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Akamai Technologies Company Profile

Akamai Technologies, Inc provides cloud services for delivering, optimizing, and securing content and business applications over the Internet in the United States and internationally. It provides cloud security solutions, including Web Application Protector to safeguard Web assets from Web application and distributed denial of service; Kona Site Defender, a cloud security solution; Bot Manager to identify bots and categorize bots based on business or IT impact; Fast DNS, which translates human-readable domain names into numerical IP addresses; Prolexic Routed to protect Web- and IP-based applications; and Client Reputation that assigns risk scores to malicious IP address and enables customers to take action on individual clients.

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Institutional Ownership by Quarter for Akamai Technologies (NASDAQ:AKAM)

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