Jackson Creek Investment Advisors LLC Has $231,000 Holdings in Akamai Technologies, Inc. (NASDAQ:AKAM)

Jackson Creek Investment Advisors LLC decreased its stake in Akamai Technologies, Inc. (NASDAQ:AKAM) by 14.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,952 shares of the technology infrastructure company’s stock after selling 321 shares during the period. Jackson Creek Investment Advisors LLC’s holdings in Akamai Technologies were worth $231,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Akamai Technologies by 707.2% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 42,961 shares of the technology infrastructure company’s stock worth $4,577,000 after acquiring an additional 37,639 shares during the period. Robeco Institutional Asset Management B.V. grew its stake in shares of Akamai Technologies by 92.2% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 335,766 shares of the technology infrastructure company’s stock valued at $35,773,000 after purchasing an additional 161,113 shares during the period. Xponance Inc. raised its holdings in shares of Akamai Technologies by 0.5% in the 3rd quarter. Xponance Inc. now owns 20,620 shares of the technology infrastructure company’s stock worth $2,197,000 after buying an additional 110 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in Akamai Technologies by 111.8% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 34,719 shares of the technology infrastructure company’s stock valued at $3,699,000 after buying an additional 18,325 shares in the last quarter. Finally, Forsta AP Fonden boosted its position in Akamai Technologies by 1.7% in the third quarter. Forsta AP Fonden now owns 29,400 shares of the technology infrastructure company’s stock valued at $3,132,000 after buying an additional 500 shares in the last quarter. Institutional investors own 94.28% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on AKAM shares. Piper Sandler boosted their price target on shares of Akamai Technologies from $130.00 to $136.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 14th. KeyCorp upped their price objective on shares of Akamai Technologies from $134.00 to $138.00 and gave the company an “overweight” rating in a report on Friday, January 19th. JPMorgan Chase & Co. boosted their price target on Akamai Technologies from $78.00 to $81.00 and gave the company an “underweight” rating in a research note on Wednesday, February 14th. Citigroup reduced their price target on Akamai Technologies from $140.00 to $117.00 and set a “neutral” rating on the stock in a report on Thursday, April 25th. Finally, StockNews.com raised Akamai Technologies from a “hold” rating to a “buy” rating in a report on Thursday, January 25th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.60.

Akamai Technologies Price Performance

Shares of Akamai Technologies stock opened at $100.89 on Thursday. Akamai Technologies, Inc. has a 12 month low of $76.85 and a 12 month high of $129.17. The firm has a market cap of $15.29 billion, a PE ratio of 28.58, a PEG ratio of 2.87 and a beta of 0.72. The stock has a 50 day moving average of $106.67 and a 200 day moving average of $112.24. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.77.

Akamai Technologies (NASDAQ:AKAM) last announced its earnings results on Tuesday, February 13th. The technology infrastructure company reported $1.69 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 14.90% and a net margin of 14.37%. The company’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.01 EPS. On average, research analysts expect that Akamai Technologies, Inc. will post 4.84 EPS for the current fiscal year.

Insider Activity

In related news, EVP Anthony P. Williams sold 3,510 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $112.55, for a total value of $395,050.50. Following the transaction, 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 legal filing with the SEC, which can be accessed through the SEC website. In other 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 transaction, the executive vice president now directly owns 4,299 shares in the company, valued at $483,852.45. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Anthony P. Williams sold 4,500 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $108.73, for a total transaction of $489,285.00. Following the completion of the transaction, the executive vice president now directly owns 14,938 shares of the company’s stock, valued at approximately $1,624,208.74. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,753 shares of company stock valued at $3,368,303. 1.80% of the stock is currently owned by company insiders.

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.