MUFG Securities EMEA plc bought a new stake in Akamai Technologies, Inc. (NASDAQ:AKAM) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 73,800 shares of the technology infrastructure company’s stock, valued at approximately $5,914,000.

Other institutional investors also recently modified their holdings of the company. MML Investors Services LLC increased its stake in Akamai Technologies by 3.0% in the 2nd quarter. MML Investors Services LLC now owns 30,741 shares of the technology infrastructure company’s stock valued at $2,464,000 after purchasing an additional 896 shares in the last quarter. H2O AM LLP boosted its position in Akamai Technologies by 158.9% during the second quarter. H2O AM LLP now owns 95,526 shares of the technology infrastructure company’s stock worth $7,652,000 after purchasing an additional 58,626 shares in the last quarter. Ossiam acquired a new stake in Akamai Technologies in the second quarter valued at $163,000. Pictet Asset Management Ltd. grew its holdings in Akamai Technologies by 9.9% in the second quarter. Pictet Asset Management Ltd. now owns 77,836 shares of the technology infrastructure company’s stock valued at $6,238,000 after purchasing an additional 7,000 shares during the last quarter. Finally, Cibc World Markets Corp increased its position in shares of Akamai Technologies by 20.6% in the second quarter. Cibc World Markets Corp now owns 47,726 shares of the technology infrastructure company’s stock valued at $3,825,000 after buying an additional 8,164 shares in the last quarter. 87.38% of the stock is owned by institutional investors.

In other news, EVP Adam Karon sold 3,500 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $85.00, for a total transaction of $297,500.00. Following the transaction, the executive vice president now directly owns 9,418 shares in the company, valued at approximately $800,530. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Edward J. Mcgowan sold 3,247 shares of the stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $89.08, for a total transaction of $289,242.76. Following the transaction, the chief financial officer now owns 8,795 shares in the company, valued at $783,458.60. The disclosure for this sale can be found here. Insiders own 2.40% of the company’s stock.

AKAM has been the subject of several research reports. Oppenheimer lifted their price target on Akamai Technologies from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Craig Hallum set a $97.00 target price on shares of Akamai Technologies and gave the company a “buy” rating in a report on Wednesday, July 31st. Evercore ISI restated a “hold” rating and set a $70.00 target price on shares of Akamai Technologies in a research report on Thursday, June 13th. Cowen set a $93.00 target price on shares of Akamai Technologies and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Finally, Zacks Investment Research raised shares of Akamai Technologies from a “hold” rating to a “buy” rating and set a $84.00 price target on the stock in a report on Tuesday, June 25th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $87.81.

Shares of NASDAQ AKAM traded up $1.22 during midday trading on Wednesday, reaching $89.50. 36,789 shares of the stock were exchanged, compared to its average volume of 1,577,928. The company has a market capitalization of $14.57 billion, a P/E ratio of 32.35, a P/E/G ratio of 1.84 and a beta of 0.62. Akamai Technologies, Inc. has a 52-week low of $57.18 and a 52-week 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. The stock has a 50 day moving average price of $87.58 and a 200-day moving average price of $79.28.

Akamai Technologies (NASDAQ:AKAM) last announced its quarterly earnings data 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. Akamai Technologies had a net margin of 15.12% and a return on equity of 16.32%. The business had revenue of $705.07 million for the quarter, compared to the consensus estimate of $695.88 million. During the same quarter in the prior year, the firm posted $0.83 earnings per share. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, analysts forecast that Akamai Technologies, Inc. will post 3.31 earnings per share for the current year.

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.

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

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