Natixis Advisors L.P. lifted its stake in Akamai Technologies, Inc. (NASDAQ:AKAM) by 4.9% during the second quarter, Holdings Channel reports. The institutional investor owned 47,102 shares of the technology infrastructure company’s stock after acquiring an additional 2,184 shares during the quarter. Natixis Advisors L.P.’s holdings in Akamai Technologies were worth $3,775,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bessemer Group Inc. boosted its stake in shares of Akamai Technologies by 259.3% in the second quarter. Bessemer Group Inc. now owns 1,581 shares of the technology infrastructure company’s stock worth $126,000 after buying an additional 1,141 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in shares of Akamai Technologies by 0.9% in the first quarter. Nomura Asset Management Co. Ltd. now owns 42,139 shares of the technology infrastructure company’s stock worth $3,022,000 after buying an additional 377 shares during the last quarter. 361 Capital LLC purchased a new stake in shares of Akamai Technologies in the second quarter worth about $403,000. Advisor Group Inc. boosted its stake in shares of Akamai Technologies by 20.6% in the first quarter. Advisor Group Inc. now owns 56,209 shares of the technology infrastructure company’s stock worth $4,030,000 after buying an additional 9,617 shares during the last quarter. Finally, Whitener Capital Management Inc. boosted its stake in shares of Akamai Technologies by 16.2% in the second quarter. Whitener Capital Management Inc. now owns 6,995 shares of the technology infrastructure company’s stock worth $560,000 after buying an additional 975 shares during the last quarter. Hedge funds and other institutional investors own 87.38% of the company’s stock.

In other news, CFO Edward J. Mcgowan sold 3,247 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $89.08, for a total value of $289,242.76. Following the transaction, the chief financial officer now owns 8,795 shares in the company, valued at $783,458.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Adam Karon sold 3,500 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $85.00, for a total value of $297,500.00. Following the completion of the transaction, the executive vice president now owns 9,418 shares in the company, valued at approximately $800,530. The disclosure for this sale can be found here. Company insiders own 2.40% of the company’s stock.

Shares of NASDAQ AKAM traded down $0.36 during midday trading on Friday, hitting $90.63. The stock had a trading volume of 149,642 shares, compared to its average volume of 1,496,118. The company has a market capitalization of $14.89 billion, a PE ratio of 32.78, a P/E/G ratio of 1.82 and a beta of 0.62. The stock has a 50 day simple moving average of $87.72 and a 200-day simple moving average of $79.38. Akamai Technologies, Inc. has a 1 year low of $57.18 and a 1 year high of $93.12. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 0.35.

Akamai Technologies (NASDAQ:AKAM) last released its earnings results on Tuesday, July 30th. The technology infrastructure company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.30. The business had revenue of $705.07 million for the quarter, compared to the consensus estimate of $695.88 million. Akamai Technologies had a return on equity of 16.32% and a net margin of 15.12%. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.83 earnings per share. As a group, analysts expect that Akamai Technologies, Inc. will post 3.31 earnings per share for the current fiscal year.

A number of analysts have recently commented on AKAM shares. Guggenheim downgraded Akamai Technologies from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 24th. They noted that the move was a valuation call. Royal Bank of Canada set a $83.00 price target on Akamai Technologies and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Evercore ISI reiterated a “hold” rating and set a $70.00 price target on shares of Akamai Technologies in a research report on Thursday, June 13th. Nomura increased their price target on Akamai Technologies from $75.00 to $81.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Finally, Credit Suisse Group increased their price target on Akamai Technologies from $75.00 to $81.00 and gave the stock a “sell” rating in a research report on Wednesday, July 31st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Akamai Technologies has a consensus rating of “Buy” and an average price target of $87.81.

Akamai Technologies Company Profile

Akamai Technologies, Inc provides cloud services for delivering, optimizing, and securing content and business applications over the Internet in the United States and internationally. It provides cloud security solutions, including Web Application Protector to safeguard Web assets from Web application and distributed denial of service; Kona Site Defender, a cloud security solution; Bot Manager to identify bots and categorize bots based on business or IT impact; Fast DNS, which translates human-readable domain names into numerical IP addresses; Prolexic Routed to protect Web- and IP-based applications; and Client Reputation that assigns risk scores to malicious IP address and enables customers to take action on individual clients.

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

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