Public Employees Retirement System of Ohio lowered its position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 2.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 232,358 shares of the technology infrastructure company’s stock after selling 4,989 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.14% of Akamai Technologies worth $11,320,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Legal & General Group Plc raised its position in shares of Akamai Technologies by 3.9% during the third quarter. Legal & General Group Plc now owns 844,744 shares of the technology infrastructure company’s stock worth $41,155,000 after acquiring an additional 31,911 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Akamai Technologies by 23.0% during the third quarter. Schwab Charles Investment Management Inc. now owns 809,014 shares of the technology infrastructure company’s stock worth $39,416,000 after acquiring an additional 151,399 shares during the last quarter. Swiss National Bank raised its position in shares of Akamai Technologies by 2.8% during the second quarter. Swiss National Bank now owns 631,319 shares of the technology infrastructure company’s stock worth $31,446,000 after acquiring an additional 17,300 shares during the last quarter. FIL Ltd raised its position in shares of Akamai Technologies by 63.5% during the second quarter. FIL Ltd now owns 1,859,231 shares of the technology infrastructure company’s stock worth $92,609,000 after acquiring an additional 722,170 shares during the last quarter. Finally, Globeflex Capital L P raised its position in shares of Akamai Technologies by 79.2% during the second quarter. Globeflex Capital L P now owns 32,800 shares of the technology infrastructure company’s stock worth $1,634,000 after acquiring an additional 14,500 shares during the last quarter. Institutional investors own 86.33% of the company’s stock.

Akamai Technologies, Inc. (NASDAQ AKAM) opened at $66.82 on Wednesday. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $11,300.00, a PE ratio of 30.08, a PEG ratio of 2.28 and a beta of 0.68. Akamai Technologies, Inc. has a 52-week low of $44.65 and a 52-week high of $71.64.

Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings data on Tuesday, October 24th. The technology infrastructure company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.03. The company had revenue of $621.00 million during the quarter, compared to analysts’ expectations of $610.66 million. Akamai Technologies had a return on equity of 10.28% and a net margin of 11.84%. Akamai Technologies’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.68 earnings per share. research analysts anticipate that Akamai Technologies, Inc. will post 1.89 EPS for the current fiscal year.

A number of equities research analysts have recently weighed in on AKAM shares. Wells Fargo & Company set a $57.00 target price on Akamai Technologies and gave the stock a “hold” rating in a research report on Tuesday, October 10th. Robert W. Baird restated a “hold” rating and set a $52.00 target price on shares of Akamai Technologies in a research report on Friday, September 1st. Credit Suisse Group started coverage on Akamai Technologies in a research report on Tuesday, September 5th. They set a “neutral” rating and a $50.00 target price for the company. DA Davidson set a $57.00 target price on Akamai Technologies and gave the stock a “hold” rating in a research report on Thursday, October 12th. Finally, Zacks Investment Research upgraded Akamai Technologies from a “sell” rating to a “hold” rating in a report on Monday, October 30th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $62.09.

In other news, insider Rick M. Mcconnell sold 2,743 shares of the company’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $55.00, for a total transaction of $150,865.00. Following the completion of the transaction, the insider now directly owns 37,010 shares of the company’s stock, valued at $2,035,550. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Aaron Ahola sold 2,893 shares of the company’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $52.44, for a total value of $151,708.92. Following the transaction, the senior vice president now directly owns 8,046 shares of the company’s stock, valued at $421,932.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 55,752 shares of company stock valued at $2,999,371 and have sold 89,550 shares valued at $5,026,271. 3.20% of the stock is owned by corporate insiders.

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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.

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

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