Dalton Greiner Hartman Maher & Co. Has $6.31 Million Holdings in Akamai Technologies, Inc. (NASDAQ:AKAM)

Dalton Greiner Hartman Maher & Co. lifted its holdings in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 73,001 shares of the technology infrastructure company’s stock after purchasing an additional 947 shares during the period. Dalton Greiner Hartman Maher & Co.’s holdings in Akamai Technologies were worth $6,306,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. Signaturefd LLC lifted its holdings in Akamai Technologies by 11.2% in the third quarter. Signaturefd LLC now owns 1,256 shares of the technology infrastructure company’s stock valued at $115,000 after buying an additional 126 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in Akamai Technologies by 1.2% in the third quarter. Oppenheimer Asset Management Inc. now owns 11,206 shares of the technology infrastructure company’s stock valued at $1,024,000 after buying an additional 130 shares during the period. Parallel Advisors LLC lifted its holdings in Akamai Technologies by 8.0% in the third quarter. Parallel Advisors LLC now owns 1,760 shares of the technology infrastructure company’s stock valued at $161,000 after buying an additional 130 shares during the period. LS Investment Advisors LLC lifted its holdings in Akamai Technologies by 2.5% in the third quarter. LS Investment Advisors LLC now owns 6,303 shares of the technology infrastructure company’s stock valued at $576,000 after buying an additional 151 shares during the period. Finally, We Are One Seven LLC lifted its holdings in Akamai Technologies by 4.0% in the third quarter. We Are One Seven LLC now owns 4,036 shares of the technology infrastructure company’s stock valued at $369,000 after buying an additional 156 shares during the period. Institutional investors own 88.95% of the company’s stock.

AKAM opened at $95.12 on Thursday. Akamai Technologies, Inc. has a 1-year low of $63.34 and a 1-year high of $95.81. The company has a current ratio of 3.74, a quick ratio of 3.74 and a debt-to-equity ratio of 0.61. The company has a market cap of $15.18 billion, a P/E ratio of 34.46, a price-to-earnings-growth ratio of 2.09 and a beta of 0.57. The company has a fifty day moving average price of $87.22 and a two-hundred day moving average price of $87.30.

Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings results on Monday, October 28th. The technology infrastructure company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.10. Akamai Technologies had a net margin of 15.98% and a return on equity of 16.76%. The firm had revenue of $709.91 million during the quarter, compared to the consensus estimate of $701.25 million. During the same period in the previous year, the firm posted $0.94 earnings per share. The business’s revenue was up 6.0% compared to the same quarter last year. On average, research analysts forecast that Akamai Technologies, Inc. will post 3.44 EPS for the current fiscal year.

Several research firms recently issued reports on AKAM. B. Riley boosted their target price on shares of Akamai Technologies from $102.00 to $111.00 and gave the company a “buy” rating in a report on Friday, October 25th. DA Davidson boosted their target price on shares of Akamai Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. FBN Securities boosted their target price on shares of Akamai Technologies from $85.00 to $95.00 and gave the company an “outperform” rating in a report on Tuesday, October 29th. Craig Hallum boosted their target price on shares of Akamai Technologies from $97.00 to $110.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Finally, Piper Jaffray Companies restated an “overweight” rating and issued a $103.00 target price (up previously from $97.00) on shares of Akamai Technologies in a report on Tuesday, October 29th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $93.00.

In other news, EVP Robert Blumofe sold 9,000 shares of the business’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $86.87, for a total transaction of $781,830.00. Following the completion of the sale, the executive vice president now directly owns 11,874 shares of the company’s stock, valued at $1,031,494.38. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Ewout L. Steenbergen sold 1,760 shares of the business’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $251.19, for a total transaction of $442,094.40. Over the last ninety days, insiders sold 45,887 shares of company stock valued at $4,286,441. Insiders own 2.40% of the company’s stock.

About Akamai Technologies

Akamai Technologies, Inc provides cloud services for delivering, optimizing, and securing content and business applications over the Internet in the United States and internationally. It provides cloud security solutions, including Web Application Protector to safeguard Web assets from Web application and distributed denial of service; Kona Site Defender, a cloud security solution; Bot Manager to identify bots and categorize bots based on business or IT impact; Fast DNS, which translates human-readable domain names into numerical IP addresses; Prolexic Routed to protect Web- and IP-based applications; and Client Reputation that assigns risk scores to malicious IP address and enables customers to take action on individual clients.

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

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