APG Asset Management N.V. Has $5.53 Million Holdings in Akamai Technologies, Inc. (AKAM)

APG Asset Management N.V. decreased its position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 38.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 113,582 shares of the technology infrastructure company’s stock after selling 70,200 shares during the quarter. APG Asset Management N.V. owned about 0.07% of Akamai Technologies worth $5,534,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in AKAM. OppenheimerFunds Inc. raised its holdings in Akamai Technologies by 15.7% during the 1st quarter. OppenheimerFunds Inc. now owns 4,454 shares of the technology infrastructure company’s stock worth $266,000 after purchasing an additional 606 shares during the last quarter. Teachers Advisors LLC increased its stake in shares of Akamai Technologies by 30.6% in the 1st quarter. Teachers Advisors LLC now owns 368,457 shares of the technology infrastructure company’s stock valued at $21,997,000 after acquiring an additional 86,383 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Akamai Technologies by 0.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 891,527 shares of the technology infrastructure company’s stock valued at $53,227,000 after acquiring an additional 6,801 shares in the last quarter. HighTower Advisors LLC increased its stake in shares of Akamai Technologies by 13.8% in the 1st quarter. HighTower Advisors LLC now owns 7,493 shares of the technology infrastructure company’s stock valued at $446,000 after acquiring an additional 910 shares in the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. increased its stake in shares of Akamai Technologies by 79.4% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,332 shares of the technology infrastructure company’s stock valued at $139,000 after acquiring an additional 1,032 shares in the last quarter. Hedge funds and other institutional investors own 84.28% of the company’s stock.

AKAM has been the subject of several research analyst reports. Deutsche Bank AG reiterated a “buy” rating and issued a $70.00 price objective (down previously from $73.00) on shares of Akamai Technologies in a research note on Monday, July 17th. Cowen and Company reiterated a “hold” rating and issued a $61.00 price objective on shares of Akamai Technologies in a research note on Friday, July 21st. Piper Jaffray Companies reiterated a “buy” rating and issued a $57.00 price objective on shares of Akamai Technologies in a research note on Wednesday, July 26th. Stifel Nicolaus reiterated a “hold” rating and issued a $56.00 price objective (down previously from $58.00) on shares of Akamai Technologies in a research note on Wednesday, July 26th. Finally, Oppenheimer Holdings, Inc. lowered their price objective on shares of Akamai Technologies from $70.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $60.73.

Akamai Technologies, Inc. (NASDAQ:AKAM) opened at $53.01 on Friday. The company has a current ratio of 3.01, a quick ratio of 3.10 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $9,087.13, a price-to-earnings ratio of 27.61, a PEG ratio of 2.11 and a beta of 0.66.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings results on Tuesday, October 24th. The technology infrastructure company reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.03. The company had revenue of $621.00 million for the quarter, compared to the consensus estimate of $610.66 million. Akamai Technologies had a net margin of 11.84% and a return on equity of 10.28%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.68 EPS. analysts anticipate that Akamai Technologies, Inc. will post 1.88 EPS for the current year.

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In related news, CEO F Thomson Leighton purchased 21,554 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The shares were bought at an average cost of $46.91 per share, with a total value of $1,011,098.14. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider William Wheaton sold 10,000 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $49.81, for a total transaction of $498,100.00. The disclosure for this sale can be found here. Insiders sold a total of 28,438 shares of company stock worth $1,463,695 over the last three months. 3.20% of the stock is owned by insiders.

About Akamai Technologies

Akamai Technologies, Inc is engaged in providing cloud services for delivering, optimizing and securing content and business applications over the Internet. The Company is involved in offering content delivery network (CDN) services. Its services include the delivery of content, applications and software over the Internet, as well as mobile and security solutions.

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

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