Oppenheimer & Co. Inc. Has $1.47 Million Holdings in Akamai Technologies, Inc. (NASDAQ:AKAM)

Oppenheimer & Co. Inc. grew its position in Akamai Technologies, Inc. (NASDAQ:AKAM) by 3.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,361 shares of the technology infrastructure company’s stock after purchasing an additional 535 shares during the period. Oppenheimer & Co. Inc.’s holdings in Akamai Technologies were worth $1,469,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of AKAM. Private Advisor Group LLC boosted its stake in shares of Akamai Technologies by 8.0% during the 3rd quarter. Private Advisor Group LLC now owns 6,477 shares of the technology infrastructure company’s stock worth $654,000 after acquiring an additional 477 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in 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 purchasing an additional 114 shares during the period. Van ECK Associates Corp boosted its stake in 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 valued at $189,000 after purchasing an additional 105 shares during the period. Intact Investment Management Inc. boosted its stake in Akamai Technologies by 38.9% during the 3rd quarter. Intact Investment Management Inc. now owns 6,750 shares of the technology infrastructure company’s stock valued at $681,000 after purchasing an additional 1,890 shares during the period. Finally, National Pension Service boosted its stake in Akamai Technologies by 0.8% during the 3rd quarter. National Pension Service now owns 45,869 shares of the technology infrastructure company’s stock valued at $4,630,000 after purchasing an additional 350 shares during the period. 94.28% of the stock is owned by institutional investors and hedge funds.

Akamai Technologies Price Performance

Akamai Technologies stock opened at $81.00 on Tuesday. The business’s fifty day moving average is $94.13 and its two-hundred day moving average is $97.10. The firm has a market cap of $12.18 billion, a P/E ratio of 24.85, a P/E/G ratio of 2.74 and a beta of 0.65. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.33 and a current ratio of 1.23. Akamai Technologies, Inc. has a 52 week low of $75.50 and a 52 week high of $113.36.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings data on Thursday, February 20th. The technology infrastructure company reported $1.19 EPS for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.33). Akamai Technologies had a return on equity of 14.35% and a net margin of 12.65%. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. Equities research analysts forecast that Akamai Technologies, Inc. will post 4.6 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Akamai Technologies news, EVP Paul C. Joseph sold 4,000 shares of the 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 sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Edward J. Mcgowan sold 10,782 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $98.71, for a total transaction of $1,064,291.22. Following the sale, the chief financial officer now directly owns 12,716 shares in the company, valued at approximately $1,255,196.36. This represents a 45.88 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Scotiabank decreased their target price on Akamai Technologies from $115.00 to $107.00 and set a “sector outperform” rating for the company in a research note on Friday, February 21st. Robert W. Baird decreased their target price on Akamai Technologies from $120.00 to $115.00 and set an “outperform” rating for the company in a research note on Monday, November 11th. Hsbc Global Res upgraded Akamai Technologies from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 11th. Evercore ISI reaffirmed an “outperform” rating and issued a $110.00 price target on shares of Akamai Technologies in a report on Tuesday, December 17th. Finally, UBS Group initiated coverage on Akamai Technologies in a report on Monday, December 16th. They issued a “neutral” rating and a $110.00 price target for the company. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Akamai Technologies has an average rating of “Moderate Buy” and a consensus price target of $107.55.

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.