Mn Services Vermogensbeheer B.V. lifted its stake in Akamai Technologies, Inc. (NASDAQ:AKAM) by 0.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 92,443 shares of the technology infrastructure company’s stock after purchasing an additional 300 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Akamai Technologies were worth $6,629,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Truvestments Capital LLC bought a new stake in shares of Akamai Technologies during the 1st quarter worth about $29,000. Focused Wealth Management Inc purchased a new stake in Akamai Technologies during the fourth quarter valued at approximately $29,000. Liberty Wealth Management LLC bought a new position in shares of Akamai Technologies in the fourth quarter worth approximately $32,000. Private Capital Group LLC boosted its position in shares of Akamai Technologies by 148.5% in the fourth quarter. Private Capital Group LLC now owns 661 shares of the technology infrastructure company’s stock worth $40,000 after purchasing an additional 395 shares during the period. Finally, Horan Capital Advisors LLC. bought a new position in shares of Akamai Technologies in the first quarter worth approximately $57,000. Hedge funds and other institutional investors own 88.56% of the company’s stock.
In other news, Director Monte E. Ford sold 24,721 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $72.41, for a total value of $1,790,047.61. Following the sale, the director now directly owns 41,012 shares in the company, valued at approximately $2,969,678.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider William Wheaton sold 6,000 shares of the firm’s stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $71.22, for a total transaction of $427,320.00. Following the completion of the sale, the insider now owns 27,848 shares in the company, valued at $1,983,334.56. The disclosure for this sale can be found here. Insiders sold a total of 101,194 shares of company stock worth $7,362,428 over the last 90 days. Company insiders own 2.40% of the company’s stock.
NASDAQ AKAM opened at $75.72 on Thursday. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.27. The stock has a market cap of $12.43 billion, a price-to-earnings ratio of 27.43, a price-to-earnings-growth ratio of 1.58 and a beta of 0.60. Akamai Technologies, Inc. has a one year low of $57.18 and a one year high of $86.19.
Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings results on Tuesday, April 30th. The technology infrastructure company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.09. Akamai Technologies had a net margin of 12.78% and a return on equity of 15.29%. The business had revenue of $706.51 million for the quarter, compared to analysts’ expectations of $698.33 million. During the same period last year, the business earned $0.79 EPS. The company’s revenue was up 5.7% compared to the same quarter last year. On average, equities research analysts expect that Akamai Technologies, Inc. will post 3.21 EPS for the current year.
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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. It provides cloud security solutions, including Web Application Protector to safeguard Web assets from Web application and distributed denial of service; Kona Site Defender, a cloud security solution; Bot Manager to identify bots and categorize bots based on business or IT impact; Fast DNS, which translates human-readable domain names into numerical IP addresses; Prolexic Routed to protect Web- and IP-based applications; and Client Reputation that assigns risk scores to malicious IP address and enables customers to take action on individual clients.
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