Moloney Securities Asset Management LLC lessened its holdings in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 20.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 18,550 shares of the technology infrastructure company’s stock after selling 4,700 shares during the period. Moloney Securities Asset Management LLC’s holdings in Akamai Technologies were worth $904,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Swiss National Bank grew its holdings in shares of Akamai Technologies by 2.8% during the second quarter. Swiss National Bank now owns 631,319 shares of the technology infrastructure company’s stock worth $31,446,000 after purchasing an additional 17,300 shares during the last quarter. FIL Ltd grew its holdings in shares of Akamai Technologies by 63.5% during the second quarter. FIL Ltd now owns 1,859,231 shares of the technology infrastructure company’s stock worth $92,609,000 after purchasing an additional 722,170 shares during the last quarter. Globeflex Capital L P grew its holdings in shares of Akamai Technologies by 79.2% during the second quarter. Globeflex Capital L P now owns 32,800 shares of the technology infrastructure company’s stock worth $1,634,000 after purchasing an additional 14,500 shares during the last quarter. Two Sigma Securities LLC bought a new stake in shares of Akamai Technologies during the first quarter worth $230,000. Finally, Pinnacle Associates Ltd. grew its holdings in shares of Akamai Technologies by 12.4% during the second quarter. Pinnacle Associates Ltd. now owns 39,290 shares of the technology infrastructure company’s stock worth $1,957,000 after purchasing an additional 4,340 shares during the last quarter. Institutional investors own 84.40% of the company’s stock.

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Akamai Technologies, Inc. (AKAM) traded up 0.43% on Friday, hitting $51.87. The company had a trading volume of 1,899,682 shares. The stock’s 50-day moving average price is $48.63 and its 200 day moving average price is $50.34. Akamai Technologies, Inc. has a one year low of $44.65 and a one year high of $71.64. The company has a market capitalization of $8.89 billion, a P/E ratio of 29.62 and a beta of 0.65.

Akamai Technologies (NASDAQ:AKAM) last released its earnings results on Tuesday, July 25th. The technology infrastructure company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.02. The company had revenue of $608.90 million during the quarter, compared to analyst estimates of $604.51 million. Akamai Technologies had a return on equity of 7.08% and a net margin of 9.49%. Akamai Technologies’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.64 earnings per share. On average, analysts expect that Akamai Technologies, Inc. will post $2.50 EPS for the current fiscal year.

Several brokerages have recently issued reports on AKAM. BidaskClub lowered Akamai Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 19th. B. Riley reaffirmed a “buy” rating and set a $60.00 price target on shares of Akamai Technologies in a research note on Friday, July 28th. Deutsche Bank AG reaffirmed a “buy” rating and set a $70.00 price target (down previously from $73.00) on shares of Akamai Technologies in a research note on Monday, July 17th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $57.00 price target on shares of Akamai Technologies in a research note on Wednesday, July 26th. Finally, Vetr lowered Akamai Technologies from a “strong-buy” rating to a “buy” rating and set a $52.07 price target on the stock. in a research note on Wednesday, September 13th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $59.64.

In other Akamai Technologies news, insider Rick M. Mcconnell sold 7,579 shares of the stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $51.00, for a total transaction of $386,529.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO F Thomson Leighton acquired 21,554 shares of Akamai Technologies stock in a transaction on Tuesday, August 15th. The shares were purchased at an average cost of $46.91 per share, with a total value of $1,011,098.14. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 46,224 shares of company stock valued at $2,245,074. 3.20% of the stock is currently owned by corporate insiders.

About Akamai Technologies

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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