Akamai Technologies, Inc. (AKAM) Shares Sold by YorkBridge Wealth Partners LLC
YorkBridge Wealth Partners LLC cut its holdings in Akamai Technologies, Inc. (NASDAQ:AKAM) by 20.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,859 shares of the technology infrastructure company’s stock after selling 720 shares during the period. YorkBridge Wealth Partners LLC’s holdings in Akamai Technologies were worth $143,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of AKAM. First Trust Advisors LP lifted its holdings in Akamai Technologies by 41.8% in the 2nd quarter. First Trust Advisors LP now owns 4,849,323 shares of the technology infrastructure company’s stock worth $241,545,000 after purchasing an additional 1,428,886 shares in the last quarter. Thrivent Financial For Lutherans lifted its holdings in Akamai Technologies by 83.4% in the 2nd quarter. Thrivent Financial For Lutherans now owns 1,908,864 shares of the technology infrastructure company’s stock worth $95,080,000 after purchasing an additional 867,795 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Akamai Technologies by 49.0% in the 1st quarter. AQR Capital Management LLC now owns 2,544,899 shares of the technology infrastructure company’s stock worth $151,931,000 after purchasing an additional 836,384 shares in the last quarter. FIL Ltd lifted its holdings in Akamai Technologies by 63.5% in the 2nd quarter. FIL Ltd now owns 1,859,231 shares of the technology infrastructure company’s stock worth $92,609,000 after purchasing an additional 722,170 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its holdings in Akamai Technologies by 13.1% in the 1st quarter. Clearbridge Investments LLC now owns 6,177,452 shares of the technology infrastructure company’s stock worth $368,794,000 after purchasing an additional 717,811 shares in the last quarter. 84.49% of the stock is currently owned by institutional investors.
Akamai Technologies, Inc. (AKAM) traded up 2.18% during trading on Friday, reaching $48.72. The company had a trading volume of 1,821,282 shares. Akamai Technologies, Inc. has a 52 week low of $44.65 and a 52 week high of $71.64. The firm has a market capitalization of $8.35 billion, a price-to-earnings ratio of 27.82 and a beta of 0.64. The company’s 50-day moving average is $46.54 and its 200 day moving average is $52.35.
Akamai Technologies (NASDAQ:AKAM) last posted its earnings results on Tuesday, July 25th. The technology infrastructure company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.02. The company had revenue of $608.90 million during the quarter, compared to analysts’ expectations of $604.51 million. Akamai Technologies had a return on equity of 10.97% and a net margin of 12.67%. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.64 earnings per share. Equities analysts anticipate that Akamai Technologies, Inc. will post $2.52 EPS for the current year.
In other Akamai Technologies news, Director Frederic V. Salerno bought 5,000 shares of the business’s stock in a transaction on Thursday, July 27th. The stock was bought at an average price of $46.83 per share, with a total value of $234,150.00. Following the completion of the purchase, the director now directly owns 62,192 shares in the company, valued at $2,912,451.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO F Thomson Leighton bought 21,554 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were acquired at an average cost of $46.91 per share, with a total value of $1,011,098.14. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 46,371 shares of company stock valued at $2,245,016. 3.20% of the stock is owned by insiders.
ILLEGAL ACTIVITY WARNING: This story was reported by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The original version of this story can be viewed at https://www.watchlistnews.com/akamai-technologies-inc-akam-shares-sold-by-yorkbridge-wealth-partners-llc/1601227.html.
A number of research analysts recently commented on the company. B. Riley reissued a “buy” rating and issued a $60.00 price target on shares of Akamai Technologies in a report on Friday, July 28th. BidaskClub cut Akamai Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 19th. Stifel Nicolaus reissued a “hold” rating and issued a $56.00 price target (down from $58.00) on shares of Akamai Technologies in a report on Wednesday, July 26th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $54.00 price target (down from $58.00) on shares of Akamai Technologies in a report on Wednesday, July 26th. Finally, Oppenheimer Holdings, Inc. reduced their price objective on Akamai Technologies from $70.00 to $60.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 26th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and twelve have given a buy rating to the stock. Akamai Technologies currently has a consensus rating of “Hold” and a consensus price target of $61.50.
About Akamai Technologies
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.
Receive News & Ratings for Akamai Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Akamai Technologies Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.