D.A. Davidson & CO. Has $939,000 Stock Holdings in Akamai Technologies, Inc. (NASDAQ:AKAM)

D.A. Davidson & CO. boosted its stake in Akamai Technologies, Inc. (NASDAQ:AKAM) by 10.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,822 shares of the technology infrastructure company’s stock after buying an additional 962 shares during the quarter. D.A. Davidson & CO.’s holdings in Akamai Technologies were worth $939,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of AKAM. Empirical Finance LLC raised its holdings in shares of Akamai Technologies by 2.0% during the third quarter. Empirical Finance LLC now owns 5,327 shares of the technology infrastructure company’s stock worth $538,000 after acquiring an additional 103 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Akamai Technologies by 6.1% during the 3rd quarter. Van ECK Associates Corp now owns 1,836 shares of the technology infrastructure company’s stock worth $189,000 after purchasing an additional 105 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Akamai Technologies by 85.7% during 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 last quarter. Koshinski Asset Management Inc. grew its stake in shares of Akamai Technologies by 1.5% in the 4th quarter. Koshinski Asset Management Inc. now owns 7,867 shares of the technology infrastructure company’s stock valued at $752,000 after buying an additional 116 shares in the last quarter. Finally, Delta Capital Management LLC increased its holdings in Akamai Technologies by 4.5% in the fourth quarter. Delta Capital Management LLC now owns 2,790 shares of the technology infrastructure company’s stock worth $267,000 after buying an additional 120 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Akamai Technologies Stock Down 21.7 %

AKAM opened at $76.73 on Monday. The stock’s fifty day simple moving average is $96.15 and its 200 day simple moving average is $97.94. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.50. The stock has a market cap of $11.53 billion, a PE ratio of 23.54, a price-to-earnings-growth ratio of 3.50 and a beta of 0.65. Akamai Technologies, Inc. has a 1-year low of $76.50 and a 1-year high of $113.36.

Akamai Technologies (NASDAQ:AKAM) last announced its quarterly earnings data on Thursday, February 20th. The technology infrastructure company reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($0.33). The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. Akamai Technologies had a net margin of 12.65% and a return on equity of 14.47%. As a group, research analysts expect that Akamai Technologies, Inc. will post 4.6 earnings per share for the current year.

Wall Street Analyst Weigh In

AKAM has been the subject of a number of analyst reports. Oppenheimer upgraded shares of Akamai Technologies from a “market perform” rating to an “outperform” rating and set a $120.00 target price for the company in a research note on Monday, December 2nd. Evercore ISI reaffirmed an “outperform” rating and issued a $110.00 price objective on shares of Akamai Technologies in a research note on Tuesday, December 17th. Needham & Company LLC restated a “hold” rating on shares of Akamai Technologies in a report on Friday. Royal Bank of Canada reduced their price target on Akamai Technologies from $100.00 to $90.00 and set a “sector perform” rating for the company in a research report on Friday. Finally, Bank of America downgraded Akamai Technologies from a “buy” rating to a “neutral” rating and cut their price objective for the company from $125.00 to $100.00 in a research note on Friday. One equities 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $107.90.

Insider Buying and Selling

In other Akamai Technologies news, Director William Raymond Wagner sold 1,000 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $93.38, for a total value of $93,380.00. Following the transaction, the director now owns 15,719 shares in the company, valued at approximately $1,467,840.22. This represents a 5.98 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Paul C. Joseph sold 4,000 shares of Akamai Technologies stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $91.57, for a total transaction of $366,280.00. Following the transaction, the executive vice president now owns 23,104 shares of the company’s stock, valued at $2,115,633.28. This represents a 14.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,782 shares of company stock valued at $1,523,951 over the last 90 days. 1.80% of the stock is owned by insiders.

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.