Trust Investment Advisors Invests $205,000 in Akamai Technologies, Inc. (NASDAQ:AKAM)

Trust Investment Advisors bought a new stake in Akamai Technologies, Inc. (NASDAQ:AKAM) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,736 shares of the technology infrastructure company’s stock, valued at approximately $205,000.

A number of other hedge funds have also added to or reduced their stakes in AKAM. Fairfield Bush & CO. bought a new position in Akamai Technologies in the first quarter valued at $107,000. Private Advisor Group LLC lifted its stake in Akamai Technologies by 16.0% in the first quarter. Private Advisor Group LLC now owns 4,491 shares of the technology infrastructure company’s stock valued at $536,000 after acquiring an additional 620 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Akamai Technologies by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,740 shares of the technology infrastructure company’s stock valued at $2,596,000 after acquiring an additional 1,346 shares during the last quarter. Cibc World Market Inc. lifted its stake in Akamai Technologies by 2.3% in the first quarter. Cibc World Market Inc. now owns 10,741 shares of the technology infrastructure company’s stock valued at $1,282,000 after acquiring an additional 237 shares during the last quarter. Finally, Cetera Investment Advisers lifted its stake in Akamai Technologies by 48.7% in the first quarter. Cetera Investment Advisers now owns 2,789 shares of the technology infrastructure company’s stock valued at $333,000 after acquiring an additional 914 shares during the last quarter. Institutional investors own 94.28% of the company’s stock.

Akamai Technologies Stock Performance

NASDAQ:AKAM traded up $0.39 during mid-day trading on Thursday, reaching $100.73. 1,388,091 shares of the company’s stock were exchanged, compared to its average volume of 1,656,793. Akamai Technologies, Inc. has a one year low of $76.85 and a one year high of $129.17. The firm has a market capitalization of $15.26 billion, a PE ratio of 28.54, a price-to-earnings-growth ratio of 2.86 and a beta of 0.72. The business’s fifty day simple moving average is $109.64 and its two-hundred day simple moving average is $112.53. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.16 and a current ratio of 2.16.

Akamai Technologies (NASDAQ:AKAM) last released its earnings results on Tuesday, February 13th. The technology infrastructure company reported $1.69 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 firm had revenue of $995.00 million for the quarter, compared to analyst estimates of $999.09 million. During the same period last year, the firm earned $1.01 EPS. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. 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 other Akamai Technologies news, CMO Kim Salem-Jackson sold 2,600 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $123.30, for a total value of $320,580.00. Following the transaction, the chief marketing officer now directly owns 27,663 shares of the company’s stock, valued at approximately $3,410,847.90. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, COO Adam Karon sold 8,394 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $108.26, for a total transaction of $908,734.44. Following the transaction, the chief operating officer now owns 21,046 shares in the company, valued at approximately $2,278,439.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Kim Salem-Jackson sold 2,600 shares of the business’s stock in a transaction 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 transaction, the chief marketing officer now owns 27,663 shares in the company, valued at approximately $3,410,847.90. The disclosure for this sale can be found here. Insiders have sold a total of 33,353 shares of company stock valued at $3,688,883 in the last ninety days. 1.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

AKAM has been the subject of a number of recent analyst reports. HSBC cut shares of Akamai Technologies from a “hold” rating to a “reduce” rating and cut their price target for the company from $109.00 to $96.00 in a research note on Thursday, February 15th. KeyCorp increased their price target on shares of 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 restated a “sector perform” rating and set a $115.00 target price on shares of Akamai Technologies in a research note on Wednesday, February 14th. Robert W. Baird upgraded shares of 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 research note on Thursday, March 7th. Finally, StockNews.com upgraded shares of Akamai Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, January 25th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Akamai Technologies currently has an average rating of “Moderate Buy” and an average target price of $121.27.

Akamai Technologies 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.