As Akamai Technologies INC (AKAM) Shares Rose, First Trust Advisors LP Has Trimmed Its Holding by $64.49 Million

May 24, 2018 - By Dolores Ford

Akamai Technologies, Inc. (NASDAQ:AKAM) LogoInvestors sentiment decreased to 0.82 in 2017 Q4. Its down 0.17, from 0.99 in 2017Q3. It dived, as 45 investors sold AKAM shares while 173 reduced holdings. 79 funds opened positions while 99 raised stakes. 142.18 million shares or 2.90% more from 138.17 million shares in 2017Q3 were reported. Verition Fund Mgmt Lc stated it has 0.06% in Akamai Technologies, Inc. (NASDAQ:AKAM). Tortoise Investment Mgmt Limited Liability Corp, New York-based fund reported 1,719 shares. Delta Mgmt Limited Com reported 1.22% in Akamai Technologies, Inc. (NASDAQ:AKAM). Ameriprise Fincl Inc holds 141,393 shares or 0% of its portfolio. Dekabank Deutsche Girozentrale accumulated 0% or 10,312 shares. Fairpointe Ltd Liability holds 3.79% of its portfolio in Akamai Technologies, Inc. (NASDAQ:AKAM) for 3.09 million shares. Tcw Gru Inc invested in 11,186 shares. Alpha Cubed Investments Limited Com, California-based fund reported 8,651 shares. Manchester Cap Mgmt Ltd Co reported 467 shares stake. Gmt Capital Corporation accumulated 405,200 shares or 0.54% of the stock. Maryland-based Profund Advsr Ltd Liability has invested 0.17% in Akamai Technologies, Inc. (NASDAQ:AKAM). Panagora Asset holds 315,067 shares. Bb&T owns 137,491 shares for 0.17% of their portfolio. Bank & Trust Of Mellon Corporation invested in 1.28M shares. Proshare Advsr holds 0.02% or 34,386 shares in its portfolio.

Since December 13, 2017, it had 1 insider buy, and 12 insider sales for $7.47 million activity. Another trade for 48,369 shares valued at $2.75 million was made by MCCONNELL RICK M on Wednesday, December 13. Shares for $564,810 were sold by Gemmell James on Friday, February 16. Blumofe Robert also sold $593,317 worth of Akamai Technologies, Inc. (NASDAQ:AKAM) shares. 17,537 Akamai Technologies, Inc. (NASDAQ:AKAM) shares with value of $999,784 were bought by LEIGHTON F THOMSON.

First Trust Advisors Lp decreased its stake in Akamai Technologies Inc (AKAM) by 20.01% based on its latest 2017Q4 regulatory filing with the SEC. First Trust Advisors Lp sold 992,162 shares as the company’s stock rose 8.10% while stock markets declined. The institutional investor held 3.97 million shares of the miscellaneous company at the end of 2017Q4, valued at $258.01 million, down from 4.96 million at the end of the previous reported quarter. First Trust Advisors Lp who had been investing in Akamai Technologies Inc for a number of months, seems to be less bullish one the $13.21B market cap company. The stock increased 0.49% or $0.377 during the last trading session, reaching $77.397. About 882,860 shares traded. Akamai Technologies, Inc. (NASDAQ:AKAM) has risen 12.14% since May 24, 2017 and is uptrending. It has outperformed by 0.59% the S&P500.

First Trust Advisors Lp, which manages about $85.44 billion and $42.00 billion US Long portfolio, upped its stake in F5 Networks Inc (NASDAQ:FFIV) by 96,917 shares to 538,341 shares, valued at $70.64 million in 2017Q4, according to the filing. It also increased its holding in Johnson & Johnson (NYSE:JNJ) by 34,383 shares in the quarter, for a total of 433,128 shares, and has risen its stake in Walgreens Boots Alliance Inc.

Analysts await Akamai Technologies, Inc. (NASDAQ:AKAM) to report earnings on July, 24. They expect $0.60 earnings per share, up 39.53 % or $0.17 from last year’s $0.43 per share. AKAM’s profit will be $102.38M for 32.25 P/E if the $0.60 EPS becomes a reality. After $0.58 actual earnings per share reported by Akamai Technologies, Inc. for the previous quarter, Wall Street now forecasts 3.45 % EPS growth.

More important recent Akamai Technologies, Inc. (NASDAQ:AKAM) news were published by: Schaeffersresearch.com which released: “Akamai Technologies Stock Tends to Make Big Moves After Earnings” on April 27, 2018, also Marketwatch.com published article titled: “Charting a slow-motion breakout attempt, Dow 25000 (still) under siege”, Nasdaq.com published: “Akamai Technologies, Inc. Stock Up On 11% Y2Y Revenue Increase” on May 01, 2018. More interesting news about Akamai Technologies, Inc. (NASDAQ:AKAM) was released by: Digitaljournal.com and their article: “Sherpa Names Former Zscaler Vice President of Sales Eric Morris as Chief Revenue Officer” with publication date: May 24, 2018.

Akamai Technologies, Inc. (NASDAQ:AKAM) Ratings Coverage

Among 17 analysts covering Akamai (NASDAQ:AKAM), 12 have Buy rating, 0 Sell and 5 Hold. Therefore 71% are positive. Akamai had 30 analyst reports since November 30, 2017 according to SRatingsIntel. The company was maintained on Tuesday, May 1 by JP Morgan. The stock of Akamai Technologies, Inc. (NASDAQ:AKAM) earned “Outperform” rating by Credit Suisse on Wednesday, February 7. Oppenheimer maintained it with “Buy” rating and $9000 target in Tuesday, May 1 report. The rating was maintained by Robert W. Baird on Friday, March 9 with “Hold”. The rating was maintained by SunTrust on Wednesday, February 7 with “Hold”. KeyBanc Capital Markets upgraded the shares of AKAM in report on Thursday, March 15 to “Sector Weight” rating. The firm earned “Buy” rating on Friday, March 9 by J.P. Morgan. Credit Suisse maintained Akamai Technologies, Inc. (NASDAQ:AKAM) on Friday, March 9 with “Outperform” rating. The firm has “Outperform” rating by Cowen & Co given on Thursday, March 8. The rating was maintained by Nomura on Friday, February 2 with “Neutral”.

Akamai Technologies, Inc. (NASDAQ:AKAM) Ratings Chart

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