Delta Lloyd Asset Management N.V. bought a new position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 12,597 shares of the technology infrastructure company’s stock, valued at approximately $627,000.
Other large investors also recently modified their holdings of the company. Advisory Services Network LLC purchased a new position in shares of Akamai Technologies during the first quarter worth approximately $111,000. OLD Mutual Customised Solutions Proprietary Ltd. increased its position in shares of Akamai Technologies by 79.4% during 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 acquiring an additional 1,032 shares during the period. Tobam purchased a new position in Akamai Technologies during the second quarter valued at approximately $153,000. FNY Partners Fund LP purchased a new position in Akamai Technologies during the first quarter valued at approximately $202,000. Finally, YorkBridge Wealth Partners LLC increased its holdings in Akamai Technologies by 114.3% during the first quarter. YorkBridge Wealth Partners LLC now owns 3,579 shares of the technology infrastructure company’s stock valued at $224,000 after buying an additional 1,909 shares during the period. 84.49% of the stock is currently owned by institutional investors and hedge funds.
Akamai Technologies, Inc. (NASDAQ:AKAM) opened at 48.33 on Friday. The firm has a market capitalization of $8.28 billion, a price-to-earnings ratio of 27.60 and a beta of 0.64. The company’s 50-day moving average is $46.54 and its 200-day moving average is $52.35. Akamai Technologies, Inc. has a 52-week low of $44.65 and a 52-week high of $71.64.
Akamai Technologies (NASDAQ:AKAM) last issued its earnings results on Tuesday, July 25th. The technology infrastructure company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. Akamai Technologies had a return on equity of 10.97% and a net margin of 12.67%. The business had revenue of $608.90 million during the quarter, compared to analyst estimates of $604.51 million. During the same period in the prior year, the company posted $0.64 earnings per share. Akamai Technologies’s revenue was up 6.4% on a year-over-year basis. Equities analysts predict that Akamai Technologies, Inc. will post $2.52 earnings per share for the current year.
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Several equities analysts recently issued reports on the stock. B. Riley reissued a “buy” rating and set a $60.00 price objective on shares of Akamai Technologies in a report on Friday, July 28th. Piper Jaffray Companies restated a “buy” rating and issued a $57.00 target price on shares of Akamai Technologies in a research note on Wednesday, July 26th. BidaskClub downgraded shares of Akamai Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 19th. Cowen and Company restated a “hold” rating and issued a $60.00 target price on shares of Akamai Technologies in a research note on Friday, July 28th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $54.00 target price (down from $58.00) on shares of Akamai Technologies in a research note on Wednesday, July 26th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and twelve have issued a buy rating to the company. Akamai Technologies has a consensus rating of “Hold” and an average target price of $61.50.
In other Akamai Technologies news, Director Frederic V. Salerno bought 5,000 shares of the stock in a transaction dated Thursday, July 27th. The stock was bought at an average cost of $46.83 per share, for a total transaction of $234,150.00. Following the completion of the purchase, the director now owns 62,192 shares in the company, valued at approximately $2,912,451.36. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO F Thomson Leighton bought 19,817 shares of the stock in a transaction dated Friday, July 14th. The stock was acquired at an average price of $50.45 per share, with a total value of $999,767.65. Following the completion of the purchase, the chief executive officer now owns 205,861 shares of the company’s stock, valued at approximately $10,385,687.45. The disclosure for this purchase can be found here. Insiders have acquired 46,371 shares of company stock valued at $2,245,016 over the last quarter. Corporate insiders own 3.20% of the company’s stock.
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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