Duality Advisers LP Purchases Shares of 4,024 Akamai Technologies, Inc. (NASDAQ:AKAM)

Duality Advisers LP purchased a new stake in Akamai Technologies, Inc. (NASDAQ:AKAMGet Rating) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,024 shares of the technology infrastructure company’s stock, valued at approximately $368,000.

Other hedge funds have also recently bought and sold shares of the company. Ancora Advisors LLC grew its stake in Akamai Technologies by 103.3% in the first quarter. Ancora Advisors LLC now owns 250 shares of the technology infrastructure company’s stock valued at $25,000 after purchasing an additional 127 shares in the last quarter. CX Institutional bought a new position in Akamai Technologies in the second quarter valued at approximately $28,000. Karlinski Andrew C bought a new position in Akamai Technologies in the first quarter valued at approximately $30,000. Larson Financial Group LLC bought a new position in Akamai Technologies in the second quarter valued at approximately $41,000. Finally, Hazlett Burt & Watson Inc. bought a new position in Akamai Technologies in the first quarter valued at approximately $72,000. 92.23% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on AKAM shares. Citigroup cut their price objective on Akamai Technologies from $105.00 to $98.00 in a research report on Wednesday, August 10th. KeyCorp cut their price objective on Akamai Technologies from $116.00 to $110.00 and set an “overweight” rating for the company in a research report on Wednesday, November 9th. StockNews.com cut Akamai Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, November 10th. Raymond James cut their price objective on Akamai Technologies from $115.00 to $94.00 and set an “outperform” rating for the company in a research report on Wednesday, November 9th. Finally, Cowen cut their price objective on Akamai Technologies from $164.00 to $137.00 in a research report on Wednesday, November 9th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $113.87.

Insider Buying and Selling at Akamai Technologies

In other news, CTO Robert Blumofe sold 5,000 shares of Akamai Technologies stock in a transaction on Friday, November 11th. The stock was sold at an average price of $92.92, for a total value of $464,600.00. Following the transaction, the chief technology officer now owns 9,835 shares in the company, valued at approximately $913,868.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CTO Robert Blumofe sold 5,000 shares of Akamai Technologies stock in a transaction on Friday, November 11th. The stock was sold at an average price of $92.92, for a total value of $464,600.00. Following the transaction, the chief technology officer now owns 9,835 shares in the company, valued at approximately $913,868.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Paul C. Joseph sold 1,500 shares of Akamai Technologies stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $80.79, for a total value of $121,185.00. Following the completion of the transaction, the executive vice president now owns 31,183 shares in the company, valued at approximately $2,519,274.57. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

Akamai Technologies Price Performance

Shares of NASDAQ AKAM opened at $91.53 on Tuesday. The stock has a market capitalization of $14.39 billion, a PE ratio of 29.34, a P/E/G ratio of 1.86 and a beta of 0.71. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.92 and a quick ratio of 1.92. The business has a fifty day moving average price of $85.53 and a two-hundred day moving average price of $91.87. Akamai Technologies, Inc. has a fifty-two week low of $76.28 and a fifty-two week high of $123.25.

Akamai Technologies (NASDAQ:AKAMGet Rating) last announced its quarterly earnings data on Tuesday, November 8th. The technology infrastructure company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.04. The firm had revenue of $881.90 million during the quarter, compared to analysts’ expectations of $875.99 million. Akamai Technologies had a return on equity of 15.87% and a net margin of 14.12%. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.20 EPS. As a group, equities analysts predict that Akamai Technologies, Inc. will post 4.18 earnings per share for the current fiscal year.

Akamai Technologies Company Profile

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Akamai Technologies, Inc provides cloud services for securing, delivering, and optimizing content and business applications over the internet in the United States and internationally. The company offers cloud solutions to keep infrastructure, websites, applications, application programming interfaces, and users safe from various cyberattacks and online threats while enhancing performance.

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

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