TCW Group Inc. acquired a new stake in Akamai Technologies, Inc. (NASDAQ:AKAM) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 12,364 shares of the technology infrastructure company’s stock, valued at approximately $602,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First Trust Advisors LP boosted its position in shares of Akamai Technologies by 41.8% during the second quarter. First Trust Advisors LP now owns 4,849,323 shares of the technology infrastructure company’s stock worth $241,545,000 after buying an additional 1,428,886 shares during the period. Janus Henderson Group PLC boosted its position in shares of Akamai Technologies by 5,158.8% during the second quarter. Janus Henderson Group PLC now owns 1,202,110 shares of the technology infrastructure company’s stock worth $59,877,000 after buying an additional 1,179,251 shares during the period. Fairpointe Capital LLC boosted its position in shares of Akamai Technologies by 44.0% during the second quarter. Fairpointe Capital LLC now owns 3,212,227 shares of the technology infrastructure company’s stock worth $160,001,000 after buying an additional 981,069 shares during the period. ETF Managers Group LLC acquired a new position in shares of Akamai Technologies during the second quarter worth about $45,156,000. Finally, Thrivent Financial For Lutherans boosted its position in shares of Akamai Technologies by 83.4% during the second quarter. Thrivent Financial For Lutherans now owns 1,908,864 shares of the technology infrastructure company’s stock worth $95,080,000 after buying an additional 867,795 shares during the period. Institutional investors and hedge funds own 84.30% of the company’s stock.

Several research analysts have recently weighed in on AKAM shares. TheStreet raised Akamai Technologies from a “c” rating to a “b-” rating in a research report on Tuesday, November 14th. Vetr cut Akamai Technologies from a “strong-buy” rating to a “buy” rating and set a $52.07 price objective for the company. in a research report on Wednesday, September 13th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $57.00 price objective on shares of Akamai Technologies in a research report on Wednesday, July 26th. BidaskClub cut Akamai Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 19th. Finally, B. Riley reissued a “buy” rating and set a $60.00 price target on shares of Akamai Technologies in a research report on Friday, July 28th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $60.73.

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Akamai Technologies, Inc. (AKAM) opened at $55.44 on Friday. The stock has a market capitalization of $9,377.79, a price-to-earnings ratio of 28.88, a P/E/G ratio of 2.21 and a beta of 0.66. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.20. Akamai Technologies, Inc. has a 12-month low of $44.65 and a 12-month high of $71.64.

Akamai Technologies (NASDAQ:AKAM) last announced its earnings results on Tuesday, October 24th. The technology infrastructure company reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.03. The business had revenue of $621.00 million during the quarter, compared to analyst estimates 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 last year, the company earned $0.68 EPS. equities research analysts anticipate that Akamai Technologies, Inc. will post 1.88 earnings per share for the current year.

In other news, insider Rick M. Mcconnell sold 7,579 shares of Akamai Technologies stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $51.00, for a total value of $386,529.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider William Wheaton sold 10,000 shares of Akamai Technologies stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $49.81, for a total value of $498,100.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 31,181 shares of company stock valued at $1,614,560. 3.20% of the stock is owned by corporate insiders.

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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