Akamai Technologies, Inc. (AKAM) Shares Sold by Baird Financial Group Inc.

Baird Financial Group Inc. lowered its position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 3.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 693,161 shares of the technology infrastructure company’s stock after selling 25,644 shares during the quarter. Baird Financial Group Inc.’s holdings in Akamai Technologies were worth $45,083,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. FDx Advisors Inc. acquired a new position in shares of Akamai Technologies during the fourth quarter valued at approximately $277,000. Wetherby Asset Management Inc. acquired a new position in shares of Akamai Technologies during the fourth quarter valued at approximately $290,000. Clifford Swan Investment Counsel LLC raised its holdings in shares of Akamai Technologies by 1.5% during the fourth quarter. Clifford Swan Investment Counsel LLC now owns 76,945 shares of the technology infrastructure company’s stock valued at $5,005,000 after acquiring an additional 1,150 shares during the last quarter. Itau Unibanco Holding S.A. raised its holdings in shares of Akamai Technologies by 250.9% during the fourth quarter. Itau Unibanco Holding S.A. now owns 10,293 shares of the technology infrastructure company’s stock valued at $669,000 after acquiring an additional 7,360 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Akamai Technologies during the fourth quarter valued at approximately $239,000. 86.29% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have commented on AKAM shares. Piper Jaffray Companies reissued a “buy” rating and set a $60.00 target price on shares of Akamai Technologies in a report on Wednesday, October 25th. B. Riley reissued a “buy” rating and set a $70.00 target price (up previously from $60.00) on shares of Akamai Technologies in a report on Wednesday, October 25th. Wells Fargo & Co reissued a “market perform” rating and set a $62.00 target price (up previously from $57.00) on shares of Akamai Technologies in a report on Wednesday, October 25th. SunTrust Banks reaffirmed a “hold” rating on shares of Akamai Technologies in a report on Wednesday, October 25th. Finally, Deutsche Bank reaffirmed a “buy” rating and issued a $75.00 price target on shares of Akamai Technologies in a report on Wednesday, October 25th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $68.95.

In other Akamai Technologies news, CEO F Thomson Leighton acquired 17,537 shares of the stock in a transaction that occurred on Friday, December 15th. The stock was bought at an average cost of $57.01 per share, for a total transaction of $999,784.37. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP James Gemmell sold 8,430 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $67.00, for a total value of $564,810.00. The disclosure for this sale can be found here. Insiders sold 66,799 shares of company stock valued at $3,976,520 over the last quarter. 3.20% of the stock is currently owned by company insiders.

Akamai Technologies, Inc. (NASDAQ AKAM) opened at $66.89 on Monday. The firm has a market capitalization of $11,310.00, a P/E ratio of 53.09, a P/E/G ratio of 2.44 and a beta of 0.70. Akamai Technologies, Inc. has a 52-week low of $44.65 and a 52-week high of $69.56. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.82 and a quick ratio of 3.01.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings data on Tuesday, February 6th. The technology infrastructure company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.06. The company had revenue of $663.50 million during the quarter, compared to analyst estimates of $649.08 million. Akamai Technologies had a return on equity of 9.90% and a net margin of 8.72%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.72 earnings per share. analysts anticipate that Akamai Technologies, Inc. will post 2.14 EPS for the current fiscal year.

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

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