Diversified Trust Co Makes New Investment in Akamai Technologies, Inc. (NASDAQ:AKAM)

Share on StockTwits

Diversified Trust Co bought a new position in Akamai Technologies, Inc. (NASDAQ:AKAM) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,262 shares of the technology infrastructure company’s stock, valued at approximately $207,000.

A number of other large investors have also recently made changes to their positions in AKAM. Gulf International Bank UK Ltd lifted its position in shares of Akamai Technologies by 1.9% during the 3rd quarter. Gulf International Bank UK Ltd now owns 37,913 shares of the technology infrastructure company’s stock valued at $3,464,000 after buying an additional 710 shares in the last quarter. LGT Capital Partners LTD. lifted its position in shares of Akamai Technologies by 17.6% during the 3rd quarter. LGT Capital Partners LTD. now owns 778,250 shares of the technology infrastructure company’s stock valued at $71,116,000 after buying an additional 116,300 shares in the last quarter. North Star Investment Management Corp. purchased a new position in shares of Akamai Technologies during the 3rd quarter valued at about $30,000. State of Alaska Department of Revenue lifted its position in shares of Akamai Technologies by 142.4% during the 3rd quarter. State of Alaska Department of Revenue now owns 107,388 shares of the technology infrastructure company’s stock valued at $9,812,000 after buying an additional 63,079 shares in the last quarter. Finally, Dalton Greiner Hartman Maher & Co. purchased a new position in shares of Akamai Technologies during the 2nd quarter valued at about $968,000. 87.27% of the stock is currently owned by institutional investors and hedge funds.

Shares of AKAM opened at $89.36 on Friday. The business’s 50 day moving average is $89.71 and its 200 day moving average is $82.02. The company has a market capitalization of $14.55 billion, a PE ratio of 32.38, a price-to-earnings-growth ratio of 1.84 and a beta of 0.62. Akamai Technologies, Inc. has a 12-month low of $57.18 and a 12-month high of $93.12. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.35.

Akamai Technologies (NASDAQ:AKAM) last issued its earnings results on Tuesday, July 30th. The technology infrastructure company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.30. The company 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 firm’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the company earned $0.83 EPS. Equities research analysts predict that Akamai Technologies, Inc. will post 3.31 earnings per share for the current year.

In other Akamai Technologies news, CFO Edward J. Mcgowan sold 3,247 shares of Akamai Technologies 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 sale, the chief financial officer now owns 8,795 shares of the company’s stock, valued at approximately $783,458.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Adam Karon sold 3,500 shares of Akamai Technologies stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $85.00, for a total value of $297,500.00. Following the completion of the sale, the executive vice president now directly owns 9,418 shares in the company, valued at approximately $800,530. The disclosure for this sale can be found here. Insiders have sold a total of 9,864 shares of company stock worth $868,021 in the last three months. 2.40% of the stock is owned by corporate insiders.

A number of research analysts have recently weighed in on the company. Craig Hallum set a $97.00 price objective on Akamai Technologies and gave the company a “buy” rating in a research report on Wednesday, July 31st. ValuEngine cut Akamai Technologies from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Oppenheimer lifted their price objective on Akamai Technologies from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Piper Jaffray Companies set a $97.00 target price on Akamai Technologies and gave the company a “buy” rating in a research note on Monday, August 12th. Finally, B. Riley set a $102.00 target price on Akamai Technologies and gave the company a “buy” rating in a research note on Monday, September 9th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus 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.

Read More: Why investors pay attention to retained earnings

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

Receive News & Ratings for Akamai Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Akamai Technologies and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Allianz  Given Buy Rating at DZ Bank
Allianz Given Buy Rating at DZ Bank
TD Securities Boosts Altus Group  Price Target to C$41.00
TD Securities Boosts Altus Group Price Target to C$41.00
Raymond James Reiterates “$52.00” Price Target for Brookfield Infrastructure Partners
Raymond James Reiterates “$52.00” Price Target for Brookfield Infrastructure Partners
Tibra Equities Europe Ltd Makes New Investment in Devon Energy Corp
Tibra Equities Europe Ltd Makes New Investment in Devon Energy Corp
Tibra Equities Europe Ltd Cuts Position in Comerica Incorporated
Tibra Equities Europe Ltd Cuts Position in Comerica Incorporated
Tibra Equities Europe Ltd Sells 6,700 Shares of HP Inc.
Tibra Equities Europe Ltd Sells 6,700 Shares of HP Inc.


© 2006-2019 Ticker Report