Akamai Technologies, Inc. (NASDAQ:AKAM) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its position in Akamai Technologies, Inc. (NASDAQ:AKAM) by 25.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,732,750 shares of the technology infrastructure company’s stock after buying an additional 347,626 shares during the period. Dimensional Fund Advisors LP owned 1.14% of Akamai Technologies worth $156,088,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Janus Henderson Group PLC grew its position in Akamai Technologies by 19.6% in the first quarter. Janus Henderson Group PLC now owns 41,034 shares of the technology infrastructure company’s stock worth $4,462,000 after acquiring an additional 6,724 shares during the period. Cibc World Markets Corp grew its holdings in shares of Akamai Technologies by 131.6% during the 4th quarter. Cibc World Markets Corp now owns 19,433 shares of the technology infrastructure company’s stock worth $2,300,000 after purchasing an additional 11,044 shares during the period. Franklin Resources Inc. increased its position in shares of Akamai Technologies by 190.3% during the 4th quarter. Franklin Resources Inc. now owns 73,579 shares of the technology infrastructure company’s stock worth $8,708,000 after purchasing an additional 48,236 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in Akamai Technologies by 3.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 480,908 shares of the technology infrastructure company’s stock valued at $56,915,000 after buying an additional 15,890 shares during the period. Finally, TKG Advisors LLC acquired a new position in Akamai Technologies in the fourth quarter valued at about $3,245,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on AKAM shares. Hsbc Global Res raised shares of Akamai Technologies from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, July 24th. Scotiabank upped their price target on Akamai Technologies from $110.00 to $115.00 and gave the stock a “sector outperform” rating in a research note on Friday, August 9th. Guggenheim upgraded Akamai Technologies from a “neutral” rating to a “buy” rating and set a $128.00 price target for the company in a research report on Monday, July 29th. TD Cowen increased their target price on Akamai Technologies from $129.00 to $131.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Akamai Technologies in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Akamai Technologies currently has an average rating of “Moderate Buy” and an average price target of $116.47.

Akamai Technologies Trading Up 0.1 %

Shares of NASDAQ:AKAM opened at $99.52 on Friday. Akamai Technologies, Inc. has a 52 week low of $87.59 and a 52 week high of $129.17. The company’s 50 day moving average is $98.02 and its two-hundred day moving average is $98.52. The company has a market cap of $15.16 billion, a PE ratio of 24.75, a P/E/G ratio of 3.10 and a beta of 0.68. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.50.

Akamai Technologies (NASDAQ:AKAM) last issued its earnings results on Thursday, August 8th. The technology infrastructure company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.05. Akamai Technologies had a net margin of 16.01% and a return on equity of 14.78%. The firm had revenue of $979.60 million during the quarter, compared to the consensus estimate of $977.67 million. During the same quarter in the previous year, the firm posted $1.01 earnings per share. The company’s revenue was up 4.7% compared to the same quarter last year. Equities analysts predict that Akamai Technologies, Inc. will post 4.42 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Paul C. Joseph sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $97.30, for a total transaction of $389,200.00. Following the completion of the sale, the executive vice president now owns 30,703 shares in the company, valued at $2,987,401.90. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director William Raymond Wagner sold 1,000 shares of the stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $100.73, for a total value of $100,730.00. Following the transaction, the director now directly owns 16,719 shares of the company’s stock, valued at approximately $1,684,104.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Paul C. Joseph sold 4,000 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $97.30, for a total transaction of $389,200.00. Following the completion of the sale, the executive vice president now directly owns 30,703 shares of the company’s stock, valued at $2,987,401.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,500 shares of company stock worth $741,655. 1.80% of the stock is currently owned by insiders.

About Akamai Technologies

Akamai Technologies, Inc provides cloud computing, security, and content delivery services in the United States and internationally. The company offers cloud solutions to keep infrastructure, websites, applications, application programming interfaces, and users safe from various cyberattacks and online threats while enhancing performance.