Koshinski Asset Management Inc. Buys Shares of 8,311 Akamai Technologies, Inc. (AKAM)

Koshinski Asset Management Inc. bought a new position in Akamai Technologies, Inc. (NASDAQ:AKAM) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,311 shares of the technology infrastructure company’s stock, valued at approximately $541,000.

Several other hedge funds and other institutional investors have also bought and sold shares of AKAM. FTB Advisors Inc. boosted its position in Akamai Technologies by 2.4% during the 2nd quarter. FTB Advisors Inc. now owns 2,538 shares of the technology infrastructure company’s stock valued at $125,000 after acquiring an additional 59 shares in the last quarter. Advisory Services Network LLC boosted its position in Akamai Technologies by 9.0% during the 2nd quarter. Advisory Services Network LLC now owns 2,025 shares of the technology infrastructure company’s stock valued at $101,000 after acquiring an additional 168 shares in the last quarter. People s United Financial Inc. boosted its position in Akamai Technologies by 7.8% during the 2nd quarter. People s United Financial Inc. now owns 4,822 shares of the technology infrastructure company’s stock valued at $240,000 after acquiring an additional 348 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in Akamai Technologies by 1.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 81,950 shares of the technology infrastructure company’s stock valued at $5,329,000 after acquiring an additional 788 shares in the last quarter. Finally, Mutual of America Capital Management LLC boosted its position in Akamai Technologies by 3.7% during the 2nd quarter. Mutual of America Capital Management LLC now owns 26,741 shares of the technology infrastructure company’s stock valued at $1,332,000 after acquiring an additional 945 shares in the last quarter. 86.52% of the stock is currently owned by institutional investors.

Several research firms have recently issued reports on AKAM. Guggenheim set a $74.00 target price on shares of Akamai Technologies and gave the company a “buy” rating in a report on Tuesday, January 30th. B. Riley lifted their target price on shares of Akamai Technologies from $70.00 to $85.00 and gave the company a “buy” rating in a report on Monday, December 18th. BidaskClub lowered shares of Akamai Technologies from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 18th. Morgan Stanley reiterated a “sell” rating and set a $52.00 target price on shares of Akamai Technologies in a report on Wednesday, December 27th. Finally, Vetr upgraded shares of Akamai Technologies from a “buy” rating to a “strong-buy” rating and set a $71.78 price objective for the company in a report on Monday, February 5th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $68.95.

Shares of Akamai Technologies, Inc. (NASDAQ:AKAM) traded up $1.64 during mid-day trading on Friday, hitting $64.13. 2,450,000 shares of the stock were exchanged, compared to its average volume of 2,080,000. Akamai Technologies, Inc. has a 12-month low of $44.65 and a 12-month high of $69.56. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.01 and a current ratio of 2.82. The company has a market cap of $10,850.00, a P/E ratio of 50.90, a price-to-earnings-growth ratio of 2.68 and a beta of 0.70.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings data on Tuesday, February 6th. The technology infrastructure company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.06. Akamai Technologies had a net margin of 8.72% and a return on equity of 9.90%. The firm had revenue of $663.50 million during the quarter, compared to the consensus estimate of $649.08 million. During the same quarter in the previous year, the firm posted $0.72 EPS. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. sell-side analysts expect that Akamai Technologies, Inc. will post 2.12 earnings per share for the current fiscal year.

In related news, insider William Wheaton sold 10,000 shares of the company’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $66.29, for a total value of $662,900.00. Following the completion of the transaction, the insider now owns 32,319 shares of the company’s stock, valued at approximately $2,142,426.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Rick M. Mcconnell sold 2,743 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $55.00, for a total transaction of $150,865.00. Following the completion of the transaction, the insider now directly owns 37,010 shares of the company’s stock, valued at approximately $2,035,550. The disclosure for this sale can be found here. In the last three months, insiders have sold 61,112 shares of company stock valued at $3,562,575. Insiders own 3.20% of the company’s stock.

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About Akamai Technologies

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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