Ownership Action Report: Akamai Technologies Inc (NASDAQ:AKAM) Institutional Investors Quarterly Sentiment

November 28, 2016 - By Clifton Ray   ·   0 Comments

Ownership Action Report: Akamai Technologies Inc (NASDAQ:AKAM) Institutional Investors Quarterly Sentiment

Sentiment for Akamai Technologies Inc (NASDAQ:AKAM)

Akamai Technologies Inc (NASDAQ:AKAM) institutional sentiment increased to 1.07 in Q2 2016. Its up 0.02, from 1.05 in 2016Q1. The ratio is more positive, as 207 investment professionals started new and increased stock positions, while 197 reduced and sold their holdings in Akamai Technologies Inc. The investment professionals in our partner’s database now own: 144.96 million shares, down from 153.83 million shares in 2016Q1. Also, the number of investment professionals holding Akamai Technologies Inc in their top 10 stock positions increased from 1 to 2 for an increase of 1. Sold All: 57 Reduced: 140 Increased: 166 New Position: 41.

Akamai Technologies, Inc. is engaged in providing cloud services for delivering, optimizing and securing content and business applications over the Internet. The company has a market cap of $11.68 billion. The Company’s across the globe distributed platform comprises approximately 200,000 servers in over 1,400 networks in over 120 countries. It has a 37.96 P/E ratio. It is involved in offering content delivery network services.

The stock increased 0.71% or $0.47 on November 25, hitting $66.95. Akamai Technologies, Inc. (NASDAQ:AKAM) has risen 31.04% since April 25, 2016 and is uptrending. It has outperformed by 25.03% the S&P500.

Analysts await Akamai Technologies, Inc. (NASDAQ:AKAM) to report earnings on February, 14. They expect $0.53 earnings per share, down 3.64% or $0.02 from last year’s $0.55 per share. AKAM’s profit will be $92.46M for 31.58 P/E if the $0.53 EPS becomes a reality. After $0.51 actual earnings per share reported by Akamai Technologies, Inc. for the previous quarter, Wall Street now forecasts 3.92% EPS growth.

According to Zacks Investment Research, “Akamai Technologies Inc. is the leading global service provider for accelerating content and business processes online. Thousands of organizations have formed trusted relationships with Akamai, improving their revenue and reducing costs by maximizing the performance of their online businesses. Leveraging the Akamai EdgePlatform, these organizations gain business advantage today, and have the foundation for the emerging Web solutions of tomorrow.”

Levy Harkins & Co Inc holds 3.47% of its portfolio in Akamai Technologies, Inc. for 137,244 shares. Magee Thomson Investment Partners Llc owns 172,200 shares or 3.37% of their US portfolio. Moreover, Generation Investment Management Llp has 3.3% invested in the company for 5.10 million shares. The Illinois-based Fairpointe Capital Llc has invested 2.81% in the stock. Coatue Management Llc, a New York-based fund reported 3.35 million shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 5 insider buys, and 16 sales for $4.87 million net activity.

Akamai Technologies, Inc. (NASDAQ:AKAM) Ratings Coverage

Ratings analysis reveals 43% of Akamai Tech’s analysts are positive. Out of 21 Wall Street analysts rating Akamai Tech, 9 give it “Buy”, 1 “Sell” rating, while 11 recommend “Hold”. The lowest target is $42 while the high is $91. The stock’s average target of $68.56 is 2.40% above today’s ($66.95) share price. AKAM was included in 36 notes of analysts from July 29, 2015. The firm has “Buy” rating given on Wednesday, October 28 by UBS. The stock of Akamai Technologies, Inc. (NASDAQ:AKAM) has “Underperform” rating given on Wednesday, February 10 by FBR Capital. The firm has “Mkt Perform” rating by FBR Capital given on Wednesday, October 26. Canaccord Genuity downgraded the stock to “Hold” rating in Wednesday, October 28 report. Goldman Sachs downgraded the stock to “Sell” rating in Friday, November 20 report. William Blair maintained Akamai Technologies, Inc. (NASDAQ:AKAM) on Friday, August 28 with “Outperform” rating. The stock of Akamai Technologies, Inc. (NASDAQ:AKAM) has “Sector Perform” rating given on Wednesday, October 26 by RBC Capital Markets. FBR Capital maintained the shares of AKAM in a report on Thursday, October 29 with “Underperform” rating. The stock of Akamai Technologies, Inc. (NASDAQ:AKAM) has “Buy” rating given on Wednesday, October 26 by Deutsche Bank. The rating was maintained by Robert W. Baird on Wednesday, April 27 with “Outperform”.

AKAM Company Profile

Akamai Technologies, Inc., incorporated on August 20, 1998, is engaged in providing cloud services for delivering, optimizing and securing content and business applications over the Internet. The Company’s across the globe distributed platform comprises approximately 200,000 servers in over 1,400 networks in over 120 countries. It is involved in offering content delivery network (CDN) services. The Company’s services include the delivery of content, applications and software over the Internet, as well as mobile and security solutions, and enterprise professional services. The Company’s solutions include Performance and Security Solutions, Media Delivery Solutions, and Service and Support Solutions. Performance and Security Solutions are designed to help Websites and business applications operate while offering protection against security threats. Media Delivery Solutions are designed to enable enterprises to execute their digital media distribution strategies. Service and Support Solutions offer professional services and solutions.

More important recent Akamai Technologies, Inc. (NASDAQ:AKAM) news were published by: Fool.com which released: “Why Akamai Technologies, Inc. Gained 31% in October” on November 07, 2016, also Prnewswire.com published article titled: “Akamai Unveils Plans For New Cambridge Headquarters”, Prnewswire.com published: “Akamai Announces CMAF Support for Transcoding Services” on November 16, 2016. More interesting news about Akamai Technologies, Inc. (NASDAQ:AKAM) was released by: Prnewswire.com and their article: “U.S. Presidential Election Is Largest News Event Delivered by Akamai” with publication date: November 09, 2016.

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By Clifton Ray

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