Akamai Technologies (AKAM) : Putnam Fl Investment Management Co scooped up 5,977 additional shares in Akamai Technologies during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 179,985 shares of Akamai Technologies which is valued at $8,898,458.Akamai Technologies makes up approximately 1.02% of Putnam Fl Investment Management Co’s portfolio.
Other Hedge Funds, Including , New Amsterdam Partnersny boosted its stake in AKAM in the latest quarter, The investment management firm added 865 additional shares and now holds a total of 6,747 shares of Akamai Technologies which is valued at $333,572. Akamai Technologies makes up approx 0.08% of New Amsterdam Partnersny’s portfolio.Calamos Advisors boosted its stake in AKAM in the latest quarter, The investment management firm added 15 additional shares and now holds a total of 40,648 shares of Akamai Technologies which is valued at $2,053,130. Akamai Technologies makes up approx 0.02% of Calamos Advisors’s portfolio.Strs Ohio boosted its stake in AKAM in the latest quarter, The investment management firm added 2,700 additional shares and now holds a total of 132,741 shares of Akamai Technologies which is valued at $6,704,748. Akamai Technologies makes up approx 0.03% of Strs Ohio’s portfolio.Louisiana State Employees Retirement System reduced its stake in AKAM by selling 300 shares or 2.54% in the most recent quarter. The Hedge Fund company now holds 11,500 shares of AKAM which is valued at $580,865. Akamai Technologies makes up approx 0.03% of Louisiana State Employees Retirement System’s portfolio.
Akamai Technologies closed down -0.01 points or -0.02% at $49.43 with 19,39,228 shares getting traded on Thursday. Post opening the session at $49.28, the shares hit an intraday low of $48.92 and an intraday high of $49.705 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, Akamai Technologies reported $0.66 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.63. The company had revenue of $567.73 million for the quarter, compared to analysts expectations of $564.26 million. The company’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 EPS.
Many Wall Street Analysts have commented on Akamai Technologies. Shares were Reiterated by Piper Jaffray on Jul 27, 2016 to “Overweight” and Lowered the Price Target to $ 64 from a previous price target of $69 .Shares were Reiterated by FBR Capital on Jul 27, 2016 to “Underperform” and Lowered the Price Target to $ 42 from a previous price target of $43 .Akamai Technologies was Downgraded by Pacific Crest to ” Sector Weight” on Jul 27, 2016.
Akamai Technologies Inc. is a provider of cloud services for delivering optimizing and securing online content and business applications. Its solutions include delivery of conventional content on Websites tools that support the delivery and operation of cloud-based applications as well as security solutions and live and on-demand streaming video capabilities. The Companys solutions include Media Delivery Solutions Performance and Security Solutions and Service and Support Solutions. Media Delivery Solutions are designed to enable enterprises to execute their digital media distribution strategies. Performance and Security Solutions are designed to utilize the Companys core content and application delivery technologies of the Company to make the Internet work better. Service and Support Solutions offer professional services and solutions.