Mn Services Vermogensbeheer B.V. boosted its position in Akamai Technologies, Inc. (NASDAQ:AKAM) by 508.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,135 shares of the technology infrastructure company’s stock after buying an additional 23,513 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Akamai Technologies were worth $1,401,000 as of its most recent filing with the SEC.
Several other large investors also recently modified their holdings of AKAM. Advisory Services Network LLC bought a new stake in shares of Akamai Technologies during the first quarter worth about $111,000. Whittier Trust Co. raised its stake in shares of Akamai Technologies by 28.6% in the first quarter. Whittier Trust Co. now owns 2,251 shares of the technology infrastructure company’s stock worth $134,000 after buying an additional 501 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in shares of Akamai Technologies by 79.4% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,332 shares of the technology infrastructure company’s stock worth $139,000 after buying an additional 1,032 shares during the period. SpiderRock Advisors LLC bought a new stake in shares of Akamai Technologies during the first quarter worth about $145,000. Finally, Creative Planning raised its stake in shares of Akamai Technologies by 27.2% in the first quarter. Creative Planning now owns 2,674 shares of the technology infrastructure company’s stock worth $160,000 after buying an additional 572 shares during the period. 86.44% of the stock is owned by institutional investors.
Akamai Technologies, Inc. (AKAM) traded down 0.09% on Friday, hitting $45.36. 1,378,991 shares of the stock traded hands. The firm’s 50 day moving average is $48.77 and its 200 day moving average is $55.32. The stock has a market cap of $7.78 billion, a price-to-earnings ratio of 25.91 and a beta of 0.66. Akamai Technologies, Inc. has a 52 week low of $45.18 and a 52 week high of $71.64.
Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings results on Tuesday, July 25th. The technology infrastructure company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. Akamai Technologies had a net margin of 12.67% and a return on equity of 10.97%. The business had revenue of $608.90 million for the quarter, compared to analyst estimates of $604.51 million. During the same period last year, the firm earned $0.64 earnings per share. Akamai Technologies’s revenue for the quarter was up 6.4% compared to the same quarter last year. Equities analysts anticipate that Akamai Technologies, Inc. will post $2.52 earnings per share for the current year.
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AKAM has been the subject of a number of research reports. MKM Partners reissued a “buy” rating and set a $67.00 target price (down previously from $79.00) on shares of Akamai Technologies in a research note on Thursday, May 4th. B. Riley reissued a “buy” rating and set a $66.00 target price on shares of Akamai Technologies in a research note on Monday, May 8th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $73.00 price objective (down previously from $80.00) on shares of Akamai Technologies in a research note on Wednesday, May 3rd. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $57.00 price objective on shares of Akamai Technologies in a research note on Wednesday, July 26th. Finally, BidaskClub lowered shares of Akamai Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the company’s stock. Akamai Technologies currently has an average rating of “Hold” and an average price target of $62.76.
In other Akamai Technologies news, Director Paul Sagan sold 17,889 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $49.53, for a total value of $886,042.17. Following the transaction, the director now directly owns 64,147 shares of the company’s stock, valued at approximately $3,177,200.91. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO F Thomson Leighton bought 21,554 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was purchased at an average cost of $46.91 per share, for a total transaction of $1,011,098.14. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 87,964 shares of company stock worth $4,244,692. 3.20% of the stock is owned by insiders.
Akamai Technologies Company 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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