Akamai Technologies, Inc. (AKAM) Holdings Increased by Clifford Swan Investment Counsel LLC

Clifford Swan Investment Counsel LLC raised its position in Akamai Technologies, Inc. (NASDAQ:AKAM) by 1.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 76,945 shares of the technology infrastructure company’s stock after acquiring an additional 1,150 shares during the quarter. Clifford Swan Investment Counsel LLC’s holdings in Akamai Technologies were worth $5,005,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in AKAM. Ark Investment Management LLC lifted its stake in Akamai Technologies by 1,559.0% in the second quarter. Ark Investment Management LLC now owns 101,449 shares of the technology infrastructure company’s stock valued at $5,053,000 after acquiring an additional 95,334 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Akamai Technologies by 0.7% in the second quarter. Dimensional Fund Advisors LP now owns 897,471 shares of the technology infrastructure company’s stock valued at $44,705,000 after acquiring an additional 5,944 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in Akamai Technologies by 19.2% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 6,696 shares of the technology infrastructure company’s stock valued at $334,000 after acquiring an additional 1,078 shares during the last quarter. Advisory Services Network LLC lifted its stake in Akamai Technologies by 9.0% in the second 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 during the last quarter. Finally, Toronto Dominion Bank lifted its stake in Akamai Technologies by 25.3% in the second quarter. Toronto Dominion Bank now owns 58,568 shares of the technology infrastructure company’s stock valued at $2,917,000 after acquiring an additional 11,830 shares during the last quarter. Hedge funds and other institutional investors own 86.29% of the company’s stock.

Akamai Technologies, Inc. (AKAM) opened at $66.89 on Friday. Akamai Technologies, Inc. has a 1 year low of $44.65 and a 1 year high of $69.56. The company has a market cap of $11,314.58, a PE ratio of 35.77, a P/E/G ratio of 2.44 and a beta of 0.71. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.01 and a current ratio of 2.82.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings results on Tuesday, February 6th. The technology infrastructure company reported $0.69 EPS for the quarter, topping 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 business had revenue of $663.50 million for the quarter, compared to analyst estimates of $649.08 million. During the same period last year, the firm earned $0.72 earnings per share. Akamai Technologies’s revenue for the quarter was up 7.7% compared to the same quarter last year. analysts anticipate that Akamai Technologies, Inc. will post 2.14 EPS for the current year.

In other Akamai Technologies news, insider William Wheaton sold 10,000 shares of the firm’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $66.29, for a total value of $662,900.00. Following the transaction, the insider now directly owns 32,319 shares of the company’s stock, valued at approximately $2,142,426.51. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP James Gemmell sold 8,430 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $67.00, for a total transaction of $564,810.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 66,799 shares of company stock worth $3,976,520. 3.20% of the stock is owned by insiders.

AKAM has been the topic of several research analyst reports. KeyCorp lowered shares of Akamai Technologies from a “sector weight” rating to an “underweight” rating and dropped their price objective for the company from $66.32 to $51.00 in a research report on Thursday, January 11th. B. Riley increased their price objective on shares of Akamai Technologies from $70.00 to $85.00 and gave the company a “buy” rating in a research report on Monday, December 18th. Zacks Investment Research raised shares of Akamai Technologies from a “hold” rating to a “buy” rating and set a $73.00 price objective on the stock in a research report on Tuesday, January 2nd. Craig Hallum raised shares of Akamai Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, December 19th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $75.00 price objective (up from $58.00) on shares of Akamai Technologies in a research report on Wednesday, January 10th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $68.95.

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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.

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Institutional Ownership by Quarter for Akamai Technologies (NASDAQ:AKAM)

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