WINTON GROUP Ltd bought a new position in Akamai Technologies, Inc. (NASDAQ:AKAM) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,523 shares of the technology infrastructure company’s stock, valued at approximately $367,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Advisory Services Network LLC lifted its position in Akamai Technologies by 9.0% in the 2nd quarter. Advisory Services Network LLC now owns 2,025 shares of the technology infrastructure company’s stock worth $101,000 after buying an additional 168 shares in the last quarter. Westwood Holdings Group Inc. bought a new position in shares of Akamai Technologies during the 2nd quarter valued at $117,000. BB&T Investment Services Inc. bought a new position in shares of Akamai Technologies during the 2nd quarter valued at $119,000. FTB Advisors Inc. raised its holdings in shares of Akamai Technologies by 2.4% during the 2nd quarter. FTB Advisors Inc. now owns 2,538 shares of the technology infrastructure company’s stock valued at $125,000 after purchasing an additional 59 shares in the last quarter. Finally, Tobam bought a new position in shares of Akamai Technologies during the 2nd quarter valued at $153,000. Hedge funds and other institutional investors own 86.57% of the company’s stock.
A number of research firms recently issued reports on AKAM. Vetr lowered shares of Akamai Technologies from a “strong-buy” rating to a “buy” rating and set a $52.07 target price on the stock. in a research note on Wednesday, September 13th. MKM Partners raised their price objective on shares of Akamai Technologies to $65.00 and gave the stock a “buy” rating in a report on Friday, December 1st. Piper Jaffray Companies reissued a “buy” rating and set a $60.00 price target on shares of Akamai Technologies in a report on Wednesday, October 25th. Wells Fargo & Company reissued a “market perform” rating and set a $62.00 price target (up from $57.00) on shares of Akamai Technologies in a report on Wednesday, October 25th. Finally, Cowen reaffirmed a “hold” rating and issued a $59.00 target price on shares of Akamai Technologies in a research note on Friday, October 27th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $59.59.
In related news, insider William Wheaton sold 10,000 shares of Akamai Technologies stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $49.81, for a total value of $498,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Rick M. Mcconnell sold 2,743 shares of Akamai Technologies stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $55.00, for a total transaction of $150,865.00. Following the completion of the sale, the insider now directly owns 37,010 shares of the company’s stock, valued at approximately $2,035,550. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 31,181 shares of company stock valued at $1,614,560. Insiders own 3.20% of the company’s stock.
Akamai Technologies, Inc. (NASDAQ:AKAM) opened at $56.50 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.01 and a quick ratio of 3.01. Akamai Technologies, Inc. has a one year low of $44.65 and a one year high of $71.64. The company has a market cap of $9,546.92, a PE ratio of 29.40, a P/E/G ratio of 2.23 and a beta of 0.68.
Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings data on Tuesday, October 24th. The technology infrastructure company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.03. The business had revenue of $621.00 million during the quarter, compared to analyst estimates of $610.66 million. Akamai Technologies had a net margin of 11.84% and a return on equity of 10.28%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the business earned $0.68 EPS. research analysts anticipate that Akamai Technologies, Inc. will post 1.89 EPS for the current fiscal year.
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Akamai Technologies Profile
Akamai Technologies, Inc is engaged in providing cloud services for delivering, optimizing and securing content and business applications over the Internet. The Company is involved in offering content delivery network (CDN) services. Its services include the delivery of content, applications and software over the Internet, as well as mobile and security solutions.
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