Brown Advisory Securities LLC Increases Position in Akamai Technologies, Inc. (AKAM)

Brown Advisory Securities LLC increased its stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 11.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,539 shares of the technology infrastructure company’s stock after buying an additional 769 shares during the period. Brown Advisory Securities LLC’s holdings in Akamai Technologies were worth $453,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. DnB Asset Management AS increased its position in shares of Akamai Technologies by 14.0% in the first quarter. DnB Asset Management AS now owns 13,006 shares of the technology infrastructure company’s stock worth $776,000 after buying an additional 1,600 shares in the last quarter. Federated Investors Inc. PA increased its position in shares of Akamai Technologies by 85.5% in the fourth quarter. Federated Investors Inc. PA now owns 7,325 shares of the technology infrastructure company’s stock worth $488,000 after buying an additional 3,377 shares in the last quarter. Janus Capital Management LLC increased its position in shares of Akamai Technologies by 207.6% in the fourth quarter. Janus Capital Management LLC now owns 84,560 shares of the technology infrastructure company’s stock worth $5,638,000 after buying an additional 57,072 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Akamai Technologies by 8.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 884,726 shares of the technology infrastructure company’s stock worth $58,995,000 after buying an additional 66,088 shares in the last quarter. Finally, Bank of Montreal Can increased its position in shares of Akamai Technologies by 85.3% in the first quarter. Bank of Montreal Can now owns 126,646 shares of the technology infrastructure company’s stock worth $7,561,000 after buying an additional 58,293 shares in the last quarter. Hedge funds and other institutional investors own 87.88% of the company’s stock.

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

Akamai Technologies, Inc. (NASDAQ AKAM) traded up 0.72% during midday trading on Wednesday, hitting $48.99. The stock had a trading volume of 259,489 shares. Akamai Technologies, Inc. has a 52-week low of $46.81 and a 52-week high of $71.64. The stock has a market cap of $8.47 billion, a PE ratio of 26.77 and a beta of 0.71. The company’s 50 day moving average price is $49.39 and its 200-day moving average price is $60.75.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings results on Tuesday, May 2nd. The technology infrastructure company reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.01. The firm had revenue of $609.24 million during the quarter, compared to analyst estimates of $604.94 million. Akamai Technologies had a return on equity of 11.31% and a net margin of 13.53%. Analysts forecast that Akamai Technologies, Inc. will post $2.56 EPS for the current fiscal year.

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A number of equities analysts recently commented on AKAM shares. B. Riley restated a “buy” rating and set a $71.00 target price on shares of Akamai Technologies in a report on Friday, March 31st. Drexel Hamilton started coverage on Akamai Technologies in a report on Tuesday, March 21st. They set a “buy” rating and a $90.00 target price for the company. MKM Partners restated a “buy” rating and set a $79.00 target price on shares of Akamai Technologies in a report on Monday, April 3rd. Finally, Deutsche Bank AG restated a “buy” rating and set a $73.00 target price (down previously from $80.00) on shares of Akamai Technologies in a report on Wednesday, May 3rd. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have assigned a buy rating to the company. Akamai Technologies presently has a consensus rating of “Hold” and an average price target of $65.21.

In related news, Director Paul Sagan sold 18,666 shares of the business’s stock in a transaction on Wednesday, April 12th. The stock was sold at an average price of $58.75, for a total transaction of $1,096,627.50. Following the transaction, the director now directly owns 60,488 shares in the company, valued at approximately $3,553,670. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO F Thomson Leighton bought 20,397 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The shares were acquired at an average price of $49.02 per share, for a total transaction of $999,860.94. Following the completion of the purchase, the chief executive officer now owns 247,454 shares in the company, valued at $12,130,195.08. The disclosure for this purchase can be found here. Insiders own 3.20% of the company’s stock.

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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