Robeco Institutional Asset Management B.V. Has $70.23 Million Holdings in Akamai Technologies, Inc. (AKAM)

Robeco Institutional Asset Management B.V. increased its position in Akamai Technologies, Inc. (NASDAQ:AKAM) by 38.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 960,126 shares of the technology infrastructure company’s stock after acquiring an additional 266,777 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.57% of Akamai Technologies worth $70,231,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the stock. First Trust Advisors LP increased its stake in shares of Akamai Technologies by 18.1% in the third quarter. First Trust Advisors LP now owns 4,554,723 shares of the technology infrastructure company’s stock valued at $333,178,000 after purchasing an additional 699,457 shares during the period. King Luther Capital Management Corp increased its position in Akamai Technologies by 6.2% in the 2nd quarter. King Luther Capital Management Corp now owns 2,301,365 shares of the technology infrastructure company’s stock valued at $168,529,000 after acquiring an additional 133,865 shares during the period. Janus Henderson Group PLC increased its position in Akamai Technologies by 729.0% in the 2nd quarter. Janus Henderson Group PLC now owns 1,162,103 shares of the technology infrastructure company’s stock valued at $85,101,000 after acquiring an additional 1,021,926 shares during the period. Legal & General Group Plc increased its position in Akamai Technologies by 5.6% in the 2nd quarter. Legal & General Group Plc now owns 1,127,704 shares of the technology infrastructure company’s stock valued at $82,584,000 after acquiring an additional 59,380 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its position in Akamai Technologies by 4.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 920,906 shares of the technology infrastructure company’s stock valued at $67,438,000 after acquiring an additional 41,481 shares during the period. 85.66% of the stock is currently owned by institutional investors and hedge funds.

In other news, SVP Aaron Ahola sold 1,123 shares of Akamai Technologies stock in a transaction that occurred on Thursday, September 6th. The shares were sold at an average price of $73.63, for a total value of $82,686.49. Following the transaction, the senior vice president now directly owns 4,035 shares of the company’s stock, valued at $297,097.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Robert Blumofe sold 4,000 shares of Akamai Technologies stock in a transaction that occurred on Thursday, August 2nd. The stock was sold at an average price of $71.20, for a total transaction of $284,800.00. Following the transaction, the executive vice president now owns 19,951 shares in the company, valued at $1,420,511.20. The disclosure for this sale can be found here. Insiders sold a total of 44,215 shares of company stock worth $3,306,814 in the last three months. 3.20% of the stock is currently owned by company insiders.



Akamai Technologies stock opened at $63.29 on Friday. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $11.05 billion, a price-to-earnings ratio of 33.31, a price-to-earnings-growth ratio of 1.80 and a beta of 0.47. Akamai Technologies, Inc. has a 1 year low of $51.79 and a 1 year high of $83.08.

Akamai Technologies (NASDAQ:AKAM) last issued its earnings results on Tuesday, July 31st. The technology infrastructure company reported $0.83 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.03. The business had revenue of $663.00 million for the quarter, compared to analysts’ expectations of $661.13 million. Akamai Technologies had a return on equity of 10.63% and a net margin of 6.74%. The company’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.62 EPS. Sell-side analysts predict that Akamai Technologies, Inc. will post 2.47 earnings per share for the current year.

A number of research analysts have recently commented on AKAM shares. Deutsche Bank lowered their price target on Akamai Technologies and set a “hold” rating on the stock in a report on Thursday, October 4th. DA Davidson raised Akamai Technologies from a “neutral” rating to a “buy” rating and raised their price target for the company from $82.00 to $93.00 in a report on Monday, September 10th. Credit Suisse Group reissued a “neutral” rating and set a $84.00 target price (down previously from $88.00) on shares of Akamai Technologies in a research note on Monday, August 13th. Piper Jaffray Companies reiterated a “buy” rating on shares of Akamai Technologies in a research report on Monday, October 1st. Finally, B. Riley lowered their price target on Akamai Technologies from $99.00 to $97.00 and set a “$79.75” rating on the stock in a research report on Monday, July 23rd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $79.47.

About Akamai Technologies

Akamai Technologies, Inc provides cloud services for delivering, optimizing, and securing content and business applications over the Internet in the United States and internationally. The company offers Web and mobile performance solutions, such as Ion, a situational performance solution; Dynamic Site Accelerator that helps in consistent Website performance; Image Manager that automatically optimizes online images; CloudTest to conduct load testing and other analysis of Websites in a pre-production environment; mPulse that provides real-time Website performance data to provide insight about end-user experiences on a Website; and Global Traffic Management, a fault-tolerant solution.

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

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