People s United Financial Inc. raised its position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 7.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,822 shares of the technology infrastructure company’s stock after purchasing an additional 348 shares during the quarter. People s United Financial Inc.’s holdings in Akamai Technologies were worth $240,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of AKAM. Vanguard Group Inc. boosted its stake in shares of Akamai Technologies by 2.6% in the second quarter. Vanguard Group Inc. now owns 16,562,553 shares of the technology infrastructure company’s stock worth $824,981,000 after buying an additional 424,152 shares during the last quarter. Clearbridge Investments LLC boosted its stake 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 during the last quarter. First Trust Advisors LP boosted its stake in shares of Akamai Technologies by 41.8% in the second quarter. First Trust Advisors LP now owns 4,849,323 shares of the technology infrastructure company’s stock worth $241,545,000 after buying an additional 1,428,886 shares during the last quarter. Blue Harbour Group L.P. boosted its stake 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 during the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of Akamai Technologies by 49.0% in the first quarter. AQR Capital Management LLC now owns 2,544,899 shares of the technology infrastructure company’s stock worth $151,931,000 after buying an additional 836,384 shares during the last quarter. Institutional investors and hedge funds own 84.49% of the company’s stock.

Akamai Technologies, Inc. (NASDAQ AKAM) opened at 50.63 on Monday. Akamai Technologies, Inc. has a 52-week low of $44.65 and a 52-week high of $71.64. The stock has a market capitalization of $8.68 billion, a price-to-earnings ratio of 28.91 and a beta of 0.65. The stock’s 50 day moving average price is $47.26 and its 200 day moving average price is $51.10.

Akamai Technologies (NASDAQ:AKAM) last announced its quarterly earnings data on Tuesday, July 25th. The technology infrastructure company reported $0.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.02. Akamai Technologies had a net margin of 12.67% and a return on equity of 10.97%. The company had revenue of $608.90 million during the quarter, compared to analysts’ expectations of $604.51 million. During the same period in the previous year, the company earned $0.64 EPS. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, analysts forecast that Akamai Technologies, Inc. will post $2.52 EPS for the current year.

In related news, insider William Wheaton sold 10,000 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $49.81, for a total transaction of $498,100.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO F Thomson Leighton purchased 19,817 shares of the firm’s stock in a transaction that occurred on Friday, July 14th. The shares were acquired at an average cost of $50.45 per share, with a total value of $999,767.65. Following the completion of the transaction, the chief executive officer now owns 205,861 shares in the company, valued at approximately $10,385,687.45. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 46,371 shares of company stock valued at $2,245,016. 3.20% of the stock is owned by corporate insiders.

A number of analysts have recently commented on the company. B. Riley restated a “buy” rating and issued a $60.00 target price on shares of Akamai Technologies in a research note on Friday, July 28th. Piper Jaffray Companies restated a “buy” rating and issued a $57.00 target price on shares of Akamai Technologies in a research note on Wednesday, July 26th. BidaskClub downgraded Akamai Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 19th. Guggenheim upgraded Akamai Technologies from a “neutral” rating to a “buy” rating and upped their target price for the stock from $53.00 to $54.00 in a research note on Monday, October 2nd. Finally, Cowen and Company restated a “hold” rating and issued a $60.00 target price on shares of Akamai Technologies in a research note on Friday, July 28th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the company’s stock. Akamai Technologies currently has an average rating of “Hold” and an average price target of $60.28.

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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.

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

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