Commerzbank Aktiengesellschaft FI Has $6.13 Million Stock Position in Akamai Technologies, Inc. (NASDAQ:AKAM)

Commerzbank Aktiengesellschaft FI lowered its holdings in Akamai Technologies, Inc. (NASDAQ:AKAM) by 6.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 67,029 shares of the technology infrastructure company’s stock after selling 4,293 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Akamai Technologies were worth $6,125,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Signaturefd LLC lifted its position in shares of Akamai Technologies by 11.3% in the 2nd quarter. Signaturefd LLC now owns 1,130 shares of the technology infrastructure company’s stock worth $91,000 after acquiring an additional 115 shares during the period. World Asset Management Inc lifted its position in shares of Akamai Technologies by 1.2% in the 2nd quarter. World Asset Management Inc now owns 11,701 shares of the technology infrastructure company’s stock worth $938,000 after acquiring an additional 136 shares during the period. Fulton Bank N.A. lifted its position in shares of Akamai Technologies by 3.0% in the 2nd quarter. Fulton Bank N.A. now owns 4,695 shares of the technology infrastructure company’s stock worth $377,000 after acquiring an additional 137 shares during the period. S&CO Inc. lifted its position in shares of Akamai Technologies by 2.1% in the 2nd quarter. S&CO Inc. now owns 7,301 shares of the technology infrastructure company’s stock worth $585,000 after acquiring an additional 149 shares during the period. Finally, We Are One Seven LLC lifted its position in shares of Akamai Technologies by 4.0% in the 3rd quarter. We Are One Seven LLC now owns 4,036 shares of the technology infrastructure company’s stock worth $369,000 after acquiring an additional 156 shares during the period. 87.42% of the stock is currently owned by hedge funds and other institutional investors.

Shares of AKAM opened at $91.51 on Friday. The stock has a fifty day moving average price of $90.10 and a two-hundred day moving average price of $82.80. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.95 and a current ratio of 2.95. Akamai Technologies, Inc. has a 52-week low of $57.18 and a 52-week high of $93.12. The company has a market cap of $15.07 billion, a price-to-earnings ratio of 33.16, a PEG ratio of 1.90 and a beta of 0.62.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings data on Tuesday, July 30th. The technology infrastructure company reported $1.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.30. Akamai Technologies had a return on equity of 16.32% and a net margin of 15.12%. The firm had revenue of $705.07 million during the quarter, compared to the consensus estimate of $695.88 million. During the same quarter in the previous year, the company posted $0.83 EPS. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. As a group, research analysts predict that Akamai Technologies, Inc. will post 3.31 EPS for the current fiscal year.

In other Akamai Technologies news, EVP Adam Karon sold 3,500 shares of Akamai Technologies stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $85.00, for a total value of $297,500.00. Following the completion of the transaction, the executive vice president now owns 9,418 shares in the company, valued at approximately $800,530. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Edward J. Mcgowan sold 3,247 shares of Akamai Technologies stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $89.08, for a total value of $289,242.76. Following the completion of the transaction, the chief financial officer now owns 8,795 shares of the company’s stock, valued at approximately $783,458.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,864 shares of company stock valued at $868,021. Corporate insiders own 2.40% of the company’s stock.

A number of brokerages have commented on AKAM. B. Riley set a $102.00 price objective on Akamai Technologies and gave the stock a “buy” rating in a research report on Monday, September 9th. Credit Suisse Group raised their target price on Akamai Technologies from $75.00 to $81.00 and gave the stock a “sell” rating in a research report on Wednesday, July 31st. Morgan Stanley raised their target price on Akamai Technologies from $94.00 to $96.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Guggenheim downgraded Akamai Technologies from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 24th. They noted that the move was a valuation call. Finally, Piper Jaffray Companies set a $97.00 target price on Akamai Technologies and gave the stock a “buy” rating in a research report on Monday, August 12th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $87.81.

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

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