Norinchukin Bank The increased its holdings in Akamai Technologies, Inc. (NASDAQ:AKAM) by 6.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,997 shares of the technology infrastructure company’s stock after buying an additional 742 shares during the period. Norinchukin Bank The’s holdings in Akamai Technologies were worth $598,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Akamai Technologies by 3.0% in the first quarter. Vanguard Group Inc. now owns 16,138,401 shares of the technology infrastructure company’s stock valued at $963,462,000 after buying an additional 476,166 shares in the last quarter. Clearbridge Investments LLC raised its position in shares of Akamai Technologies by 13.1% in the first quarter. Clearbridge Investments LLC now owns 6,177,452 shares of the technology infrastructure company’s stock valued at $368,794,000 after buying an additional 717,811 shares in the last quarter. First Trust Advisors LP raised its position in shares of Akamai Technologies by 41.8% in the second quarter. First Trust Advisors LP now owns 4,849,323 shares of the technology infrastructure company’s stock valued at $241,545,000 after buying an additional 1,428,886 shares in the last quarter. Blue Harbour Group L.P. raised its position in shares of Akamai Technologies by 15.4% in the first quarter. Blue Harbour Group L.P. now owns 2,855,493 shares of the technology infrastructure company’s stock valued at $170,473,000 after buying an additional 381,300 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Akamai Technologies by 49.0% in the first quarter. AQR Capital Management LLC now owns 2,544,899 shares of the technology infrastructure company’s stock valued at $151,931,000 after buying an additional 836,384 shares in the last quarter. Institutional investors own 84.49% of the company’s stock.

In other news, Director Frederic V. Salerno bought 5,000 shares of the firm’s stock in a transaction on Thursday, July 27th. The stock was acquired at an average cost of $46.83 per share, with a total value of $234,150.00. Following the completion of the acquisition, the director now owns 62,192 shares of the company’s stock, valued at $2,912,451.36. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO F Thomson Leighton bought 19,817 shares of the firm’s stock in a transaction on Friday, July 14th. The stock was purchased at an average cost of $50.45 per share, with a total value of $999,767.65. Following the completion of the acquisition, the chief executive officer now directly owns 205,861 shares of the company’s stock, valued at approximately $10,385,687.45. The disclosure for this purchase can be found here. Insiders acquired 46,371 shares of company stock valued at $2,245,016 over the last ninety days. Corporate insiders own 3.20% of the company’s stock.

Shares of Akamai Technologies, Inc. (NASDAQ:AKAM) opened at 47.67 on Thursday. Akamai Technologies, Inc. has a 12-month low of $44.65 and a 12-month high of $71.64. The company has a 50 day moving average of $46.54 and a 200-day moving average of $52.35. The firm has a market cap of $8.17 billion, a price-to-earnings ratio of 27.22 and a beta of 0.64.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings results on Tuesday, July 25th. The technology infrastructure company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. Akamai Technologies had a net margin of 12.67% and a return on equity of 10.97%. The company had revenue of $608.90 million during the quarter, compared to analysts’ expectations of $604.51 million. During the same period last year, the company posted $0.64 EPS. Akamai Technologies’s revenue was up 6.4% on a year-over-year basis. Analysts predict that Akamai Technologies, Inc. will post $2.52 EPS for the current year.

A number of equities research analysts have recently weighed in on AKAM shares. BidaskClub upgraded shares of Akamai Technologies from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 27th. Robert W. Baird reiterated a “hold” rating and issued a $52.00 price target on shares of Akamai Technologies in a research report on Friday, September 1st. TheStreet downgraded shares of Akamai Technologies from a “b-” rating to a “c” rating in a research report on Wednesday, May 31st. Credit Suisse Group started coverage on shares of Akamai Technologies in a research report on Tuesday, September 5th. They issued a “neutral” rating and a $50.00 price target for the company. Finally, Nomura started coverage on shares of Akamai Technologies in a research report on Thursday, May 25th. They issued a “neutral” rating and a $50.00 price target for the company. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and twelve have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $61.50.

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Akamai Technologies 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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