Exane Derivatives decreased its position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM – Get Rating) by 83.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 516 shares of the technology infrastructure company's stock after selling 2,609 shares during the period. Exane Derivatives' holdings in Akamai Technologies were worth $47,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Johnson Financial Group Inc. bought a new stake in Akamai Technologies during the 4th quarter worth approximately $25,000. Karlinski Andrew C bought a new stake in Akamai Technologies during the 1st quarter worth approximately $30,000. Ancora Advisors LLC raised its stake in Akamai Technologies by 103.3% during the 1st quarter. Ancora Advisors LLC now owns 250 shares of the technology infrastructure company's stock worth $25,000 after acquiring an additional 127 shares during the period. Baystate Wealth Management LLC raised its stake in Akamai Technologies by 33.3% during the 1st quarter. Baystate Wealth Management LLC now owns 400 shares of the technology infrastructure company's stock worth $48,000 after acquiring an additional 100 shares during the period. Finally, Quent Capital LLC bought a new stake in Akamai Technologies during the 4th quarter worth approximately $58,000. Institutional investors own 92.23% of the company's stock.

Insider Transactions at Akamai Technologies

In other news, CTO Robert Blumofe sold 5,000 shares of Akamai Technologies stock in a transaction on Friday, August 12th. The stock was sold at an average price of $94.25, for a total transaction of $471,250.00. Following the completion of the sale, the chief technology officer now directly owns 14,835 shares in the company, valued at $1,398,198.75. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.70% of the company's stock.

Wall Street Analyst Weigh In

Akamai Technologies Stock Down 2.5 %

NASDAQ AKAM opened at $83.80 on Thursday. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.53. The company has a fifty day moving average of $92.32 and a two-hundred day moving average of $100.72. The firm has a market capitalization of $13.32 billion, a price-to-earnings ratio of 23.81, a PEG ratio of 1.76 and a beta of 0.66. Akamai Technologies, Inc. has a 52 week low of $83.78 and a 52 week high of $123.25.

Akamai Technologies (NASDAQ:AKAM – Get Rating) last posted its quarterly earnings data on Tuesday, August 9th. The technology infrastructure company reported $1.03 EPS for the quarter, topping the consensus estimate of $1.02 by $0.01. Akamai Technologies had a net margin of 16.18% and a return on equity of 16.97%. The company had revenue of $903.33 million during the quarter, compared to analyst estimates of $898.75 million. During the same period in the previous year, the firm earned $1.18 earnings per share. Akamai Technologies's quarterly revenue was up 5.9% compared to the same quarter last year. On average, analysts predict that Akamai Technologies, Inc. will post 4.19 earnings per share for the current year.

Akamai Technologies Profile

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Akamai Technologies, Inc provides cloud services for securing, delivering, and optimizing content and business applications over the internet in the United States and internationally. The company offers cloud solutions to keep infrastructure, websites, applications, application programming interfaces, and users safe from various cyberattacks and online threats while enhancing performance.

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