First National Bank of Omaha held its stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 37,901 shares of the technology infrastructure company’s stock at the end of the second quarter. First National Bank of Omaha’s holdings in Akamai Technologies were worth $2,222,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in AKAM. AQR Capital Management LLC raised its stake 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 worth $151,931,000 after buying an additional 836,384 shares during the period. Ameriprise Financial Inc. raised its stake in Akamai Technologies by 29.7% in the first quarter. Ameriprise Financial Inc. now owns 3,405,774 shares of the technology infrastructure company’s stock valued at $203,324,000 after buying an additional 780,019 shares during the last quarter. Clearbridge Investments LLC raised its stake in 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 during the last quarter. FIL Ltd raised its stake in Akamai Technologies by 107.0% in the first quarter. FIL Ltd now owns 1,137,061 shares of the technology infrastructure company’s stock valued at $67,883,000 after buying an additional 587,754 shares during the last quarter. Finally, Penserra Capital Management LLC acquired a new stake in Akamai Technologies during the first quarter valued at approximately $34,751,000. 87.16% of the stock is currently owned by hedge funds and other institutional investors.
Akamai Technologies, Inc. (NASDAQ AKAM) traded down 0.82% during trading on Friday, hitting $51.93. 288,925 shares of the company were exchanged. The company has a 50-day moving average of $49.86 and a 200-day moving average of $58.38. Akamai Technologies, Inc. has a 12 month low of $46.81 and a 12 month high of $71.64. The company has a market capitalization of $8.98 billion, a price-to-earnings ratio of 28.38 and a beta of 0.67.
Akamai Technologies (NASDAQ:AKAM) last released its earnings results on Tuesday, May 2nd. The technology infrastructure company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. Akamai Technologies had a net margin of 13.53% and a return on equity of 11.31%. The firm had revenue of $609.24 million during the quarter, compared to the consensus estimate of $604.94 million. Analysts forecast that Akamai Technologies, Inc. will post $2.55 EPS for the current year.
TRADEMARK VIOLATION NOTICE: This article was reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this article on another website, it was copied illegally and reposted in violation of US & international copyright & trademark law. The correct version of this article can be viewed at https://stocknewstimes.com/2017/07/21/first-national-bank-of-omaha-has-2222000-position-in-akamai-technologies-inc-nasdaqakam.html.
A number of research analysts have weighed in on AKAM shares. B. Riley reiterated a “buy” rating and issued a $71.00 price objective on shares of Akamai Technologies in a research report on Friday, March 31st. Royal Bank Of Canada reiterated a “hold” rating and issued a $65.00 price objective on shares of Akamai Technologies in a research report on Friday, March 31st. Stifel Nicolaus reiterated a “hold” rating and issued a $62.00 price objective (down previously from $65.00) on shares of Akamai Technologies in a research report on Sunday, April 2nd. William Blair reiterated an “outperform” rating on shares of Akamai Technologies in a research report on Monday, April 3rd. Finally, MKM Partners reiterated a “buy” rating and issued a $79.00 price objective on shares of Akamai Technologies in a research report on Monday, April 3rd. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Akamai Technologies currently has an average rating of “Hold” and a consensus price target of $64.74.
In other Akamai Technologies news, Director Paul Sagan sold 17,889 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $49.53, for a total transaction of $886,042.17. Following the completion of the sale, the director now directly owns 64,147 shares in the company, valued at $3,177,200.91. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO F Thomson Leighton acquired 21,196 shares of the firm’s stock in a transaction on Wednesday, May 31st. The shares were acquired at an average price of $47.17 per share, with a total value of $999,815.32. Following the completion of the purchase, the chief executive officer now owns 227,057 shares of the company’s stock, valued at $10,710,278.69. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 61,410 shares of company stock valued at $2,999,444. 3.20% of the stock is owned by insiders.
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.
Want to see what other hedge funds are holding AKAM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Akamai Technologies, Inc. (NASDAQ:AKAM).
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 MarketBeat.com's FREE daily email newsletter.
