Diversified Trust Co raised its holdings in shares of Akamai Technologies, Inc. (NASDAQ:AKAM – Get Rating) by 15.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,812 shares of the technology infrastructure company's stock after acquiring an additional 1,564 shares during the quarter. Diversified Trust Co's holdings in Akamai Technologies were worth $949,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Akamai Technologies by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 17,880,191 shares of the technology infrastructure company's stock valued at $2,134,716,000 after acquiring an additional 254,437 shares in the last quarter. Legal & General Group Plc grew its stake in Akamai Technologies by 5.8% during the 2nd quarter. Legal & General Group Plc now owns 2,737,721 shares of the technology infrastructure company's stock valued at $250,036,000 after acquiring an additional 149,461 shares in the last quarter. Champlain Investment Partners LLC grew its stake in Akamai Technologies by 24.1% during the 2nd quarter. Champlain Investment Partners LLC now owns 2,106,855 shares of the technology infrastructure company's stock valued at $192,419,000 after acquiring an additional 408,535 shares in the last quarter. Disciplined Growth Investors Inc. MN grew its stake in Akamai Technologies by 2.1% during the 1st quarter. Disciplined Growth Investors Inc. MN now owns 1,600,852 shares of the technology infrastructure company's stock valued at $191,126,000 after acquiring an additional 32,413 shares in the last quarter. Finally, LGT Capital Partners LTD. grew its stake in Akamai Technologies by 12.8% during the 2nd quarter. LGT Capital Partners LTD. now owns 1,386,396 shares of the technology infrastructure company's stock valued at $126,620,000 after acquiring an additional 157,865 shares in the last quarter. Hedge funds and other institutional investors own 92.23% of the company's stock.

Insider Transactions at Akamai Technologies

In other news, EVP Paul C. Joseph sold 1,500 shares of the business's stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $80.79, for a total transaction of $121,185.00. Following the sale, the executive vice president now directly owns 31,183 shares in the company, valued at $2,519,274.57. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, EVP Paul C. Joseph sold 1,500 shares of the business's stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $80.79, for a total transaction of $121,185.00. Following the sale, the executive vice president now directly owns 31,183 shares in the company, valued at $2,519,274.57. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO F Thomson Leighton acquired 294 shares of the stock in a transaction dated Monday, December 19th. The shares were purchased at an average price of $85.07 per share, for a total transaction of $25,010.58. Following the completion of the transaction, the chief executive officer now owns 1,701 shares of the company's stock, valued at approximately $144,704.07. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 1,148 shares of company stock worth $100,116 and sold 10,240 shares worth $929,818. Corporate insiders own 1.70% of the company's stock.

Wall Street Analysts Forecast Growth

Akamai Technologies Stock Down 0.9 %

Shares of AKAM stock opened at $83.76 on Thursday. Akamai Technologies, Inc. has a 12 month low of $76.28 and a 12 month high of $123.25. The firm has a market cap of $13.17 billion, a PE ratio of 26.85, a price-to-earnings-growth ratio of 1.78 and a beta of 0.71. The stock has a 50 day moving average of $88.31 and a 200-day moving average of $89.91. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 0.54.

Akamai Technologies (NASDAQ:AKAM – Get Rating) last issued its quarterly earnings results on Tuesday, November 8th. The technology infrastructure company reported $0.89 EPS for the quarter, missing analysts' consensus estimates of $0.96 by ($0.07). Akamai Technologies had a return on equity of 16.00% and a net margin of 14.12%. The business had revenue of $881.90 million for the quarter, compared to analyst estimates of $875.99 million. During the same quarter last year, the firm earned $1.20 earnings per share. The firm's quarterly revenue was up 2.5% compared to the same quarter last year. On average, equities analysts predict that Akamai Technologies, Inc. will post 4.18 EPS for the current year.

About Akamai Technologies

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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.

Further Reading

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