Natixis Has $3.49 Million Holdings in Akamai Technologies, Inc. (NASDAQ:AKAM)

Natixis lessened its position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 44.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 43,568 shares of the technology infrastructure company’s stock after selling 34,766 shares during the quarter. Natixis’ holdings in Akamai Technologies were worth $3,492,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Squar Milner Financial Services LLC bought a new position in shares of Akamai Technologies during the 2nd quarter worth approximately $26,000. Redhawk Wealth Advisors Inc. bought a new position in shares of Akamai Technologies during the 2nd quarter worth approximately $30,000. Mcmillion Capital Management Inc. bought a new position in shares of Akamai Technologies during the 2nd quarter worth approximately $31,000. Motco bought a new position in shares of Akamai Technologies during the 2nd quarter worth approximately $34,000. Finally, Destination Wealth Management boosted its holdings in shares of Akamai Technologies by 215.8% during the 2nd quarter. Destination Wealth Management now owns 439 shares of the technology infrastructure company’s stock worth $35,000 after buying an additional 300 shares in the last quarter. 87.38% of the stock is owned by institutional investors and hedge funds.

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

A number of equities analysts have issued reports on AKAM shares. Royal Bank of Canada set a $83.00 price target on Akamai Technologies and gave the stock a “hold” rating in a report on Wednesday, July 31st. B. Riley set a $102.00 price target on Akamai Technologies and gave the stock a “buy” rating in a report on Monday. Nomura increased their price target on Akamai Technologies from $75.00 to $81.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Credit Suisse Group increased their price target on Akamai Technologies from $75.00 to $81.00 and gave the stock a “sell” rating in a report on Wednesday, July 31st. Finally, Oppenheimer increased their price target on Akamai Technologies from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Akamai Technologies presently has an average rating of “Buy” and a consensus price target of $87.81.

NASDAQ AKAM traded down $0.80 on Friday, reaching $90.19. The company had a trading volume of 836,492 shares, compared to its average volume of 1,496,118. The stock has a market capitalization of $14.89 billion, a P/E ratio of 32.68, a P/E/G ratio of 1.82 and a beta of 0.62. The company’s fifty day moving average is $87.72 and its 200 day moving average is $79.38. Akamai Technologies, Inc. has a 52-week low of $57.18 and a 52-week high of $93.12. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 0.35.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings results on Tuesday, July 30th. The technology infrastructure company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.30. The business had revenue of $705.07 million during the quarter, compared to analyst estimates of $695.88 million. Akamai Technologies had a return on equity of 16.32% and a net margin of 15.12%. Akamai Technologies’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.83 EPS. On average, research analysts expect that Akamai Technologies, Inc. will post 3.31 EPS for the current year.

Akamai Technologies Profile

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.

Further Reading: Quick Ratio

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

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