Leeward Investments LLC MA Sells 3,813 Shares of Akamai Technologies, Inc. (NASDAQ:AKAM)

Leeward Investments LLC MA decreased its holdings in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 2.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 141,316 shares of the technology infrastructure company’s stock after selling 3,813 shares during the period. Leeward Investments LLC MA owned approximately 0.09% of Akamai Technologies worth $16,725,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Planned Solutions Inc. purchased a new position in Akamai Technologies during the 4th quarter valued at about $37,000. Headinvest LLC bought a new stake in shares of Akamai Technologies in the 3rd quarter worth approximately $40,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Akamai Technologies in the 4th quarter worth approximately $43,000. Bruce G. Allen Investments LLC bought a new stake in shares of Akamai Technologies in the 4th quarter worth approximately $44,000. Finally, Lindbrook Capital LLC boosted its position in shares of Akamai Technologies by 43.7% in the 4th quarter. Lindbrook Capital LLC now owns 411 shares of the technology infrastructure company’s stock worth $49,000 after purchasing an additional 125 shares in the last quarter. Institutional investors own 94.28% of the company’s stock.

Akamai Technologies Stock Down 0.1 %

Shares of NASDAQ AKAM opened at $101.68 on Friday. Akamai Technologies, Inc. has a 12-month low of $76.85 and a 12-month high of $129.17. The stock has a market cap of $15.41 billion, a PE ratio of 28.80, a P/E/G 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 company has a 50-day moving average of $106.97 and a 200 day moving average of $112.27.

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

Analyst Upgrades and Downgrades

Several analysts have commented on the company. KeyCorp increased their target price on Akamai Technologies from $134.00 to $138.00 and gave the company an “overweight” rating in a research note on Friday, January 19th. Royal Bank of Canada reissued a “sector perform” rating and set a $115.00 price target on shares of Akamai Technologies in a report on Wednesday, February 14th. Robert W. Baird raised Akamai Technologies from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $128.00 to $135.00 in a report on Thursday, March 7th. Citigroup decreased their target price on Akamai Technologies from $140.00 to $117.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, StockNews.com upgraded Akamai Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, January 25th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $121.60.

Insider Activity

In related news, CMO Kim Salem-Jackson sold 2,600 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $123.30, for a total transaction of $320,580.00. Following the completion of the transaction, the chief marketing officer now owns 27,663 shares of the company’s stock, valued at approximately $3,410,847.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Akamai Technologies news, EVP Anthony P. Williams sold 3,510 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $112.55, for a total transaction of $395,050.50. Following the sale, the executive vice president now directly owns 4,299 shares in the company, valued at approximately $483,852.45. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CMO Kim Salem-Jackson sold 2,600 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $123.30, for a total transaction of $320,580.00. Following the sale, the chief marketing officer now owns 27,663 shares in the company, valued at $3,410,847.90. The disclosure for this sale can be found here. Insiders sold a total of 33,353 shares of company stock valued at $3,688,883 in the last 90 days. Company insiders own 1.80% of the company’s stock.

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.