Stonerise Capital Management LLC held its stake in Akamai Technologies, Inc. (NASDAQ:AKAM) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 150,000 shares of the technology infrastructure company’s stock at the end of the second quarter. Akamai Technologies accounts for approximately 13.8% of Stonerise Capital Management LLC’s portfolio, making the stock its 4th largest holding. Stonerise Capital Management LLC owned approximately 0.09% of Akamai Technologies worth $7,472,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Akamai Technologies by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 16,138,401 shares of the technology infrastructure company’s stock worth $963,462,000 after purchasing an additional 476,166 shares in the last quarter. Clearbridge Investments LLC increased its stake in shares of Akamai Technologies by 13.1% during the 1st quarter. Clearbridge Investments LLC now owns 6,177,452 shares of the technology infrastructure company’s stock worth $368,794,000 after purchasing an additional 717,811 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Akamai Technologies by 41.8% during the 2nd quarter. First Trust Advisors LP now owns 4,849,323 shares of the technology infrastructure company’s stock worth $241,545,000 after purchasing an additional 1,428,886 shares in the last quarter. Blue Harbour Group L.P. increased its stake in shares of Akamai Technologies by 15.4% during the 1st quarter. Blue Harbour Group L.P. now owns 2,855,493 shares of the technology infrastructure company’s stock worth $170,473,000 after purchasing an additional 381,300 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of Akamai Technologies by 49.0% during the 1st quarter. AQR Capital Management LLC now owns 2,544,899 shares of the technology infrastructure company’s stock worth $151,931,000 after purchasing an additional 836,384 shares in the last quarter. 84.49% of the stock is owned by institutional investors and hedge funds.

Akamai Technologies, Inc. (NASDAQ AKAM) traded down 0.10% during trading on Wednesday, hitting $47.64. 441,480 shares of the company traded hands. The firm has a 50 day moving average of $46.54 and a 200 day moving average of $52.35. The firm has a market cap of $8.17 billion, a P/E ratio of 27.21 and a beta of 0.64. Akamai Technologies, Inc. has a one year low of $44.65 and a one year high of $71.64.

Akamai Technologies (NASDAQ:AKAM) last announced its quarterly earnings results on Tuesday, July 25th. The technology infrastructure company reported $0.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.02. Akamai Technologies had a net margin of 12.67% and a return on equity of 10.97%. The company had revenue of $608.90 million for the quarter, compared to analyst estimates of $604.51 million. During the same quarter in the prior year, the business posted $0.64 EPS. Akamai Technologies’s quarterly revenue was up 6.4% on a year-over-year basis. On average, analysts expect that Akamai Technologies, Inc. will post $2.52 earnings per share for the current fiscal year.

A number of research analysts have recently weighed in on AKAM shares. Vetr raised shares of Akamai Technologies from a “buy” rating to a “strong-buy” rating and set a $52.07 price objective for the company in a research note on Wednesday, September 6th. Goldman Sachs Group, Inc. (The) reissued a “sell” rating and set a $46.00 price objective (down from $52.00) on shares of Akamai Technologies in a research note on Friday, June 30th. Instinet reissued a “neutral” rating and set a $47.00 price objective (down from $48.00) on shares of Akamai Technologies in a research note on Tuesday, September 5th. Stifel Nicolaus reissued a “hold” rating and set a $56.00 price objective on shares of Akamai Technologies in a research note on Thursday, September 14th. Finally, Cowen and Company reaffirmed a “hold” rating and issued a $61.00 target price on shares of Akamai Technologies in a research note on Friday, July 21st. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Akamai Technologies currently has a consensus rating of “Hold” and an average price target of $61.50.

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In other Akamai Technologies news, Director Frederic V. Salerno purchased 5,000 shares of the company’s stock in a transaction dated Thursday, July 27th. The shares were bought at an average price of $46.83 per share, for a total transaction of $234,150.00. Following the purchase, the director now directly owns 62,192 shares in the company, valued at approximately $2,912,451.36. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO F Thomson Leighton purchased 19,817 shares of the company’s stock in a transaction dated Friday, July 14th. The shares were acquired at an average price of $50.45 per share, for a total transaction of $999,767.65. Following the purchase, the chief executive officer now owns 205,861 shares in the company, valued at $10,385,687.45. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 46,371 shares of company stock worth $2,245,016. 3.20% of the stock is currently owned by company insiders.

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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Institutional Ownership by Quarter for Akamai Technologies (NASDAQ:AKAM)

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