Bank of New Hampshire Sells 162 Shares of Akamai Technologies, Inc. (NASDAQ:AKAM)

Bank of New Hampshire lowered its position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 1.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,718 shares of the technology infrastructure company’s stock after selling 162 shares during the quarter. Bank of New Hampshire’s holdings in Akamai Technologies were worth $1,860,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Mackenzie Financial Corp boosted its holdings in shares of Akamai Technologies by 1.8% in the 3rd quarter. Mackenzie Financial Corp now owns 2,116,586 shares of the technology infrastructure company’s stock valued at $223,554,000 after buying an additional 38,069 shares during the last quarter. Jericho Capital Asset Management L.P. acquired a new stake in Akamai Technologies during the 3rd quarter valued at $218,201,000. Northern Trust Corp increased its position in Akamai Technologies by 3.0% during the 3rd quarter. Northern Trust Corp now owns 1,922,166 shares of the technology infrastructure company’s stock worth $204,788,000 after buying an additional 56,782 shares during the period. Earnest Partners LLC increased its position in Akamai Technologies by 4.8% during the 3rd quarter. Earnest Partners LLC now owns 1,792,571 shares of the technology infrastructure company’s stock worth $190,981,000 after buying an additional 82,364 shares during the period. Finally, Canada Pension Plan Investment Board increased its position in Akamai Technologies by 22.0% during the 3rd quarter. Canada Pension Plan Investment Board now owns 1,266,406 shares of the technology infrastructure company’s stock worth $134,923,000 after buying an additional 228,200 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.

Analysts Set New Price Targets

AKAM has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their price target on shares of Akamai Technologies from $78.00 to $81.00 and gave the company an “underweight” rating in a research note on Wednesday, February 14th. HSBC lowered shares of Akamai Technologies from a “hold” rating to a “reduce” rating and dropped their price objective for the company from $109.00 to $96.00 in a report on Thursday, February 15th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $115.00 price objective on shares of Akamai Technologies in a report on Wednesday, February 14th. Piper Sandler raised their price objective on shares of Akamai Technologies from $130.00 to $136.00 and gave the company an “overweight” rating in a report on Wednesday, February 14th. Finally, Robert W. Baird upgraded shares of Akamai Technologies from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $128.00 to $135.00 in a report on Thursday, March 7th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Akamai Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.60.

Akamai Technologies Price Performance

Shares of AKAM traded up $0.28 during midday trading on Friday, hitting $102.07. 233,596 shares of the company traded hands, compared to its average volume of 1,606,401. The stock has a 50-day moving average of $107.12 and a 200-day moving average of $112.30. Akamai Technologies, Inc. has a one year low of $76.85 and a one year high of $129.17. The firm has a market cap of $15.47 billion, a P/E ratio of 28.84, a PEG ratio of 2.89 and a beta of 0.72. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.16 and a quick ratio of 2.16.

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

Insider Activity at Akamai Technologies

In other Akamai Technologies news, COO Adam Karon sold 8,394 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $108.26, for a total value of $908,734.44. Following the completion of the transaction, the chief operating officer now owns 21,046 shares in the company, valued at $2,278,439.96. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, COO Adam Karon sold 8,394 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $108.26, for a total value of $908,734.44. Following the sale, the chief operating officer now directly owns 21,046 shares of the company’s stock, valued at $2,278,439.96. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Anthony P. Williams sold 4,500 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $108.73, for a total value of $489,285.00. Following the completion of the sale, the executive vice president now directly owns 14,938 shares in the company, valued at $1,624,208.74. The disclosure for this sale can be found here. Insiders sold a total of 33,353 shares of company stock worth $3,688,883 over the last quarter. 1.80% of the stock is owned by corporate 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.