National Pension Service increased its position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 9.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 192,319 shares of the technology infrastructure company’s stock after buying an additional 17,092 shares during the period. National Pension Service owned 0.11% of Akamai Technologies worth $9,662,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Akamai Technologies by 3.0% in the first quarter. Vanguard Group Inc. now owns 16,138,401 shares of the technology infrastructure company’s stock worth $963,462,000 after buying an additional 476,166 shares in the last quarter. Clearbridge Investments LLC increased its position in shares of Akamai Technologies by 13.1% in the first quarter. Clearbridge Investments LLC now owns 6,177,452 shares of the technology infrastructure company’s stock worth $368,794,000 after buying an additional 717,811 shares in the last quarter. First Trust Advisors LP increased its position in shares of Akamai Technologies by 19.6% in the first quarter. First Trust Advisors LP now owns 3,420,437 shares of the technology infrastructure company’s stock worth $204,200,000 after buying an additional 560,932 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Akamai Technologies by 29.7% in the first quarter. Ameriprise Financial Inc. now owns 3,405,774 shares of the technology infrastructure company’s stock worth $203,324,000 after buying an additional 780,019 shares in the last quarter. Finally, Blue Harbour Group L.P. increased its position in shares of Akamai Technologies by 15.4% in the first quarter. Blue Harbour Group L.P. now owns 2,855,493 shares of the technology infrastructure company’s stock worth $170,473,000 after buying an additional 381,300 shares in the last quarter. Institutional investors and hedge funds own 87.16% of the company’s stock.

Shares of Akamai Technologies, Inc. (NASDAQ AKAM) opened at 52.10 on Thursday. The company’s 50 day moving average is $49.72 and its 200-day moving average is $58.42. The company has a market capitalization of $9.01 billion, a PE ratio of 28.47 and a beta of 0.67. Akamai Technologies, Inc. has a 52 week low of $46.81 and a 52 week high of $71.64.

Akamai Technologies (NASDAQ:AKAM) last announced its quarterly earnings results on Tuesday, May 2nd. The technology infrastructure company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. The firm had revenue of $609.24 million for the quarter, compared to analysts’ expectations of $604.94 million. Akamai Technologies had a return on equity of 11.31% and a net margin of 13.53%. On average, analysts expect that Akamai Technologies, Inc. will post $2.55 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Akamai Technologies, Inc. (NASDAQ:AKAM) Shares Bought by National Pension Service” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international copyright and trademark laws. The correct version of this story can be accessed at https://www.thecerbatgem.com/2017/07/20/akamai-technologies-inc-nasdaqakam-shares-bought-by-national-pension-service.html.

A number of equities analysts have recently issued reports on AKAM shares. Stifel Nicolaus reiterated a “hold” rating and issued a $62.00 price target (down previously from $65.00) on shares of Akamai Technologies in a report on Sunday, April 2nd. Royal Bank Of Canada reissued a “sector perform” rating and issued a $58.00 price objective (down from $65.00) on shares of Akamai Technologies in a research note on Wednesday, May 3rd. Goldman Sachs Group, Inc. (The) reissued a “sell” rating and issued a $46.00 price objective (down from $52.00) on shares of Akamai Technologies in a research note on Friday, June 30th. Zacks Investment Research raised shares of Akamai Technologies from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 11th. Finally, B. Riley reissued a “buy” rating and issued a $66.00 price objective on shares of Akamai Technologies in a research note on Wednesday, May 3rd. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $64.74.

In other Akamai Technologies news, CEO F Thomson Leighton bought 21,196 shares of the firm’s stock in a transaction dated Wednesday, May 31st. The shares were bought at an average price of $47.17 per share, for a total transaction of $999,815.32. Following the completion of the acquisition, the chief executive officer now owns 227,057 shares of the company’s stock, valued at $10,710,278.69. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Paul Sagan sold 17,889 shares of the stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $49.53, for a total value of $886,042.17. Following the sale, the director now owns 64,147 shares in the company, valued at approximately $3,177,200.91. The disclosure for this sale can be found here. Insiders have bought 61,410 shares of company stock worth $2,999,444 in the last 90 days. Company insiders own 3.20% of the company’s stock.

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)

Receive News & Stock Ratings for Akamai Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Akamai Technologies Inc. and related stocks with our FREE daily email newsletter.