First National Bank of Omaha held its position in Akamai Technologies, Inc. (NASDAQ:AKAM) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 reporting period.
Other institutional investors have also recently bought and sold shares of the company. AQR Capital Management LLC increased its stake in 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. increased 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 worth $203,324,000 after buying an additional 780,019 shares during the period. Clearbridge Investments LLC increased 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 worth $368,794,000 after buying an additional 717,811 shares during the period. FIL Ltd increased 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 worth $67,883,000 after buying an additional 587,754 shares during the period. Finally, Penserra Capital Management LLC acquired a new stake in Akamai Technologies during the first quarter worth approximately $34,751,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.
Akamai Technologies, Inc. (NASDAQ:AKAM) traded down 1.03% during midday trading on Tuesday, hitting $46.34. The company had a trading volume of 1,686,679 shares. The company has a market cap of $7.94 billion, a P/E ratio of 26.46 and a beta of 0.66. Akamai Technologies, Inc. has a one year low of $45.41 and a one year high of $71.64. The company’s 50 day moving average is $49.17 and its 200-day moving average is $55.62.
Akamai Technologies (NASDAQ:AKAM) last announced its quarterly earnings data on Tuesday, July 25th. The technology infrastructure company reported $0.62 EPS for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.02. The company had revenue of $608.90 million during the quarter, compared to the consensus estimate of $604.51 million. Akamai Technologies had a return on equity of 10.97% and a net margin of 12.67%. The company’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the company earned $0.64 EPS. On average, equities analysts predict that Akamai Technologies, Inc. will post $2.52 EPS for the current year.
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AKAM has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded Akamai Technologies from a “hold” rating to a “strong sell” rating in a report on Monday, May 8th. BidaskClub raised Akamai Technologies from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 27th. Stifel Nicolaus reaffirmed a “hold” rating and set a $58.00 price target (down previously from $62.00) on shares of Akamai Technologies in a research note on Wednesday, May 3rd. Morgan Stanley downgraded Akamai Technologies from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $68.00 to $54.00 in a research note on Thursday, April 27th. Finally, TheStreet cut Akamai Technologies from a “b-” rating to a “c” rating in a research report on Wednesday, May 31st. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $62.76.
In related news, Director Paul Sagan sold 17,889 shares of the firm’s stock in a transaction on Wednesday, June 14th. The stock was 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 of the company’s stock, valued at approximately $3,177,200.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO F Thomson Leighton purchased 19,817 shares of the company’s stock in a transaction that occurred on Friday, July 14th. The shares were acquired 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 in the company, valued at $10,385,687.45. The disclosure for this purchase can be found here. Insiders have purchased a total of 66,410 shares of company stock valued at $3,233,594 in the last 90 days. 3.20% of the stock is owned by corporate 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.
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