Keybank National Association OH Has $210,000 Stake in Akamai Technologies, Inc. (AKAM)
Keybank National Association OH decreased its position in Akamai Technologies, Inc. (NASDAQ:AKAM) by 25.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,211 shares of the technology infrastructure company’s stock after selling 1,427 shares during the period. Keybank National Association OH’s holdings in Akamai Technologies were worth $210,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of AKAM. OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in shares of Akamai Technologies by 79.4% during the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,332 shares of the technology infrastructure company’s stock worth $139,000 after purchasing an additional 1,032 shares during the period. Tobam purchased a new position in shares of Akamai Technologies during the 2nd quarter worth approximately $153,000. Pier 88 Investment Partners LLC boosted its position in shares of Akamai Technologies by 383.1% during the 2nd quarter. Pier 88 Investment Partners LLC now owns 3,657 shares of the technology infrastructure company’s stock worth $182,000 after purchasing an additional 2,900 shares during the period. FNY Partners Fund LP purchased a new position in shares of Akamai Technologies during the 1st quarter worth approximately $202,000. Finally, Virtu Financial LLC purchased a new position in shares of Akamai Technologies during the 2nd quarter worth approximately $216,000. 84.45% of the stock is owned by institutional investors and hedge funds.
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A number of equities analysts recently weighed in on AKAM shares. Piper Jaffray Companies reaffirmed a “buy” rating and set a $57.00 price objective on shares of Akamai Technologies in a research report on Wednesday, July 26th. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating and set a $46.00 price objective (down previously from $52.00) on shares of Akamai Technologies in a research report on Friday, June 30th. TheStreet cut shares of Akamai Technologies from a “b-” rating to a “c” rating in a research report on Wednesday, May 31st. Stifel Nicolaus reaffirmed a “hold” rating and set a $56.00 price objective (down previously from $58.00) on shares of Akamai Technologies in a research report on Wednesday, July 26th. Finally, Instinet started coverage on shares of Akamai Technologies in a research report on Thursday, May 25th. They set a “neutral” rating and a $47.62 price objective for the company. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twelve have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $61.50.
Shares of Akamai Technologies, Inc. (AKAM) opened at 47.34 on Friday. The stock has a 50 day moving average of $46.50 and a 200-day moving average of $52.73. Akamai Technologies, Inc. has a one year low of $44.65 and a one year high of $71.64. The firm has a market capitalization of $8.12 billion, a price-to-earnings ratio of 27.04 and a beta of 0.64.
Akamai Technologies (NASDAQ:AKAM) last issued its earnings results on Tuesday, July 25th. The technology infrastructure company reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.02. The company had revenue of $608.90 million for the quarter, compared to analysts’ expectations of $604.51 million. Akamai Technologies had a net margin of 12.67% and a return on equity of 10.97%. The firm’s revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.64 earnings per share. On average, equities analysts anticipate that Akamai Technologies, Inc. will post $2.52 earnings per share for the current fiscal year.
In other Akamai Technologies news, CEO F Thomson Leighton bought 19,817 shares of the company’s stock in a transaction on Friday, July 14th. The shares were bought at an average cost of $50.45 per share, with a total value of $999,767.65. Following the completion of the acquisition, the chief executive officer now owns 205,861 shares of the company’s stock, valued at $10,385,687.45. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Frederic V. Salerno bought 5,000 shares of the company’s stock in a transaction on Thursday, July 27th. The shares were acquired at an average cost of $46.83 per share, for a total transaction of $234,150.00. Following the completion of the acquisition, the director now directly owns 62,192 shares of the company’s stock, valued at approximately $2,912,451.36. The disclosure for this purchase can be found here. Insiders have acquired 46,371 shares of company stock worth $2,245,016 over the last three months. 3.20% of the stock is owned by corporate 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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