Disciplined Growth Investors Inc. MN Has $81.98 Million Holdings in Akamai Technologies, Inc. (AKAM)

Disciplined Growth Investors Inc. MN raised its stake in Akamai Technologies, Inc. (NASDAQ:AKAM) by 0.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,645,925 shares of the technology infrastructure company’s stock after buying an additional 7,575 shares during the period. Akamai Technologies comprises about 1.7% of Disciplined Growth Investors Inc. MN’s portfolio, making the stock its 23rd biggest position. Disciplined Growth Investors Inc. MN owned 0.96% of Akamai Technologies worth $81,984,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AKAM. Neuberger Berman Group LLC bought a new stake in shares of Akamai Technologies in the 1st quarter valued at about $304,000. OppenheimerFunds Inc. grew its position in shares of Akamai Technologies by 15.7% in the 1st quarter. OppenheimerFunds Inc. now owns 4,454 shares of the technology infrastructure company’s stock valued at $266,000 after buying an additional 606 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Akamai Technologies by 0.6% in the 1st quarter. Principal Financial Group Inc. now owns 276,381 shares of the technology infrastructure company’s stock valued at $16,500,000 after buying an additional 1,738 shares during the last quarter. Teachers Advisors LLC grew its position in shares of Akamai Technologies by 30.6% in the 1st quarter. Teachers Advisors LLC now owns 368,457 shares of the technology infrastructure company’s stock valued at $21,997,000 after buying an additional 86,383 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in shares of Akamai Technologies by 1.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 40,325 shares of the technology infrastructure company’s stock valued at $2,407,000 after buying an additional 535 shares during the last quarter. Hedge funds and other institutional investors own 84.49% of the company’s stock.

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In related news, Director Frederic V. Salerno bought 5,000 shares of the firm’s stock in a transaction on Thursday, July 27th. The stock was acquired at an average cost of $46.83 per share, for a total transaction of $234,150.00. Following the purchase, the director now owns 62,192 shares in the company, valued at $2,912,451.36. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, insider William Wheaton sold 10,000 shares of the business’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 disclosure for this sale can be found here. Corporate insiders own 3.20% of the company’s stock.

Shares of Akamai Technologies, Inc. (NASDAQ AKAM) traded up 0.53% during mid-day trading on Friday, hitting $50.79. The stock had a trading volume of 370,214 shares. Akamai Technologies, Inc. has a 52-week low of $44.65 and a 52-week high of $71.64. The firm has a market cap of $8.71 billion, a PE ratio of 29.01 and a beta of 0.65. The stock’s 50-day moving average price is $47.86 and its 200-day moving average price is $50.74.

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

AKAM has been the topic of a number of analyst reports. BidaskClub upgraded Akamai Technologies from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 27th. Robert W. Baird restated a “hold” rating and set a $52.00 target price on shares of Akamai Technologies in a research report on Friday, September 1st. Credit Suisse Group started coverage on Akamai Technologies in a research report on Tuesday, September 5th. They set a “neutral” rating and a $50.00 target price on the stock. Vetr lowered Akamai Technologies from a “strong-buy” rating to a “buy” rating and set a $52.07 target price on the stock. in a research report on Wednesday, September 13th. Finally, Instinet restated a “neutral” rating and set a $47.00 target price (down previously from $48.00) on shares of Akamai Technologies in a research report on Tuesday, September 5th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the stock. Akamai Technologies has a consensus rating of “Hold” and a consensus price target of $59.64.

Akamai Technologies Company 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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