Machina Capital S.A.S. Invests $518,000 in Akamai Technologies, Inc. (NASDAQ:AKAM)

Machina Capital S.A.S. acquired a new stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 4,373 shares of the technology infrastructure company’s stock, valued at approximately $518,000.

Other large investors also recently bought and sold shares of the company. Jericho Capital Asset Management L.P. bought a new position in shares of Akamai Technologies during the 3rd quarter valued at approximately $218,201,000. Los Angeles Capital Management LLC lifted its stake in Akamai Technologies by 123.8% in the 3rd quarter. Los Angeles Capital Management LLC now owns 736,236 shares of the technology infrastructure company’s stock worth $78,439,000 after purchasing an additional 407,321 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in shares of Akamai Technologies by 40.7% during the 3rd quarter. Hsbc Holdings PLC now owns 790,376 shares of the technology infrastructure company’s stock valued at $84,387,000 after purchasing an additional 228,529 shares during the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of Akamai Technologies by 22.0% in the third quarter. Canada Pension Plan Investment Board now owns 1,266,406 shares of the technology infrastructure company’s stock worth $134,923,000 after purchasing an additional 228,200 shares during the last quarter. Finally, Retirement Systems of Alabama increased its holdings in shares of Akamai Technologies by 17.6% in the third quarter. Retirement Systems of Alabama now owns 766,869 shares of the technology infrastructure company’s stock worth $81,702,000 after purchasing an additional 114,777 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AKAM. Robert W. Baird raised Akamai Technologies from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $128.00 to $135.00 in a research note on Thursday, March 7th. JPMorgan Chase & Co. lifted their target price on Akamai Technologies from $78.00 to $81.00 and gave the stock an “underweight” rating in a report on Wednesday, February 14th. Royal Bank of Canada restated a “sector perform” rating and set a $115.00 price target on shares of Akamai Technologies in a report on Wednesday, February 14th. Citigroup dropped their price objective on shares of Akamai Technologies from $140.00 to $117.00 and set a “neutral” rating for the company in a research note on Thursday, April 25th. Finally, StockNews.com raised shares of Akamai Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, January 25th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $121.60.

Akamai Technologies Stock Up 1.4 %

Shares of AKAM stock traded up $1.41 on Monday, hitting $101.08. The stock had a trading volume of 1,135,627 shares, compared to its average volume of 1,594,061. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.77. Akamai Technologies, Inc. has a one year low of $78.35 and a one year high of $129.17. The business has a 50 day moving average price of $106.23 and a 200 day moving average price of $112.09. The company has a market cap of $15.32 billion, a PE ratio of 28.56, a P/E/G ratio of 2.81 and a beta of 0.72.

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

Insider Buying and Selling at Akamai Technologies

In related news, EVP Anthony P. Williams sold 3,510 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $112.55, for a total transaction of $395,050.50. Following the sale, the executive vice president now owns 4,299 shares of the company’s stock, valued at $483,852.45. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Anthony P. Williams sold 3,510 shares of the business’s 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 completion of the transaction, the executive vice president now 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 at this hyperlink. Also, EVP Anthony P. Williams sold 4,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $108.73, for a total transaction of $489,285.00. Following the completion of the sale, the executive vice president now owns 14,938 shares of the company’s stock, valued at $1,624,208.74. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,753 shares of company stock valued at $3,368,303. 2.00% of the stock is currently owned by corporate insiders.

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.