Disciplined Growth Investors Inc. MN Has $79.39 Million Stake in Akamai Technologies, Inc. (AKAM)

Disciplined Growth Investors Inc. MN reduced its holdings in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 1.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,629,603 shares of the technology infrastructure company’s stock after selling 16,322 shares during the quarter. Akamai Technologies accounts for about 1.7% of Disciplined Growth Investors Inc. MN’s holdings, making the stock its 25th biggest position. Disciplined Growth Investors Inc. MN owned approximately 0.96% of Akamai Technologies worth $79,394,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of AKAM. Canada Pension Plan Investment Board grew its holdings in shares of Akamai Technologies by 198.3% during the second quarter. Canada Pension Plan Investment Board now owns 41,238 shares of the technology infrastructure company’s stock valued at $2,054,000 after buying an additional 27,412 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in Akamai Technologies by 20.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 657,615 shares of the technology infrastructure company’s stock worth $32,756,000 after purchasing an additional 111,630 shares during the last quarter. First Mercantile Trust Co. boosted its holdings in Akamai Technologies by 483.3% during the second quarter. First Mercantile Trust Co. now owns 12,769 shares of the technology infrastructure company’s stock worth $636,000 after purchasing an additional 10,580 shares during the last quarter. Wedbush Securities Inc. purchased a new position in Akamai Technologies during the second quarter worth about $555,000. Finally, Signature Financial Management Inc. boosted its holdings in Akamai Technologies by 18.4% during the second quarter. Signature Financial Management Inc. now owns 5,640 shares of the technology infrastructure company’s stock worth $281,000 after purchasing an additional 875 shares during the last quarter. Hedge funds and other institutional investors own 86.57% of the company’s stock.

In other news, insider William Wheaton sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $49.81, for a total value of $498,100.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Aaron Ahola sold 2,893 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $52.44, for a total transaction of $151,708.92. Following the completion of the sale, the senior vice president now directly owns 8,046 shares in the company, valued at approximately $421,932.24. The disclosure for this sale can be found here. In the last three months, insiders sold 31,181 shares of company stock worth $1,614,560. Insiders own 3.20% of the company’s stock.

Akamai Technologies, Inc. (NASDAQ AKAM) opened at $56.50 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.01 and a quick ratio of 3.01. The firm has a market cap of $9,560.00, a PE ratio of 29.43, a price-to-earnings-growth ratio of 2.23 and a beta of 0.68. Akamai Technologies, Inc. has a 52 week low of $44.65 and a 52 week high of $71.64.

Akamai Technologies (NASDAQ:AKAM) last released its earnings results on Tuesday, October 24th. The technology infrastructure company reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.03. The firm had revenue of $621.00 million for the quarter, compared to analysts’ expectations of $610.66 million. Akamai Technologies had a net margin of 11.84% and a return on equity of 10.28%. The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.68 earnings per share. equities research analysts anticipate that Akamai Technologies, Inc. will post 1.89 EPS for the current year.

AKAM has been the topic of several analyst reports. TheStreet upgraded shares of Akamai Technologies from a “c” rating to a “b-” rating in a report on Tuesday, November 14th. Vetr upgraded shares of Akamai Technologies from a “buy” rating to a “strong-buy” rating and set a $52.07 price target on the stock in a report on Wednesday, September 6th. Instinet restated a “neutral” rating and set a $47.00 price target (down from $48.00) on shares of Akamai Technologies in a report on Tuesday, September 5th. Wells Fargo & Company set a $57.00 price target on shares of Akamai Technologies and gave the stock a “hold” rating in a report on Tuesday, October 10th. Finally, Zacks Investment Research cut shares of Akamai Technologies from a “hold” rating to a “sell” rating in a report on Monday, October 16th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $59.59.

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Akamai Technologies Profile

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.

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

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