Janus Henderson Group PLC Boosts Stake in Akamai Technologies, Inc. (AKAM)

Janus Henderson Group PLC increased its holdings in Akamai Technologies, Inc. (NASDAQ:AKAM) by 5,158.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,202,110 shares of the technology infrastructure company’s stock after buying an additional 1,179,251 shares during the period. Janus Henderson Group PLC owned about 0.70% of Akamai Technologies worth $59,877,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. First Trust Advisors LP boosted its stake in Akamai Technologies by 41.8% during the 2nd quarter. First Trust Advisors LP now owns 4,849,323 shares of the technology infrastructure company’s stock valued at $241,545,000 after purchasing an additional 1,428,886 shares during the period. Thrivent Financial For Lutherans boosted its stake in Akamai Technologies by 83.4% during the 2nd quarter. Thrivent Financial For Lutherans now owns 1,908,864 shares of the technology infrastructure company’s stock valued at $95,080,000 after purchasing an additional 867,795 shares during the period. AQR Capital Management LLC boosted its stake in Akamai Technologies by 49.0% during the 1st quarter. AQR Capital Management LLC now owns 2,544,899 shares of the technology infrastructure company’s stock valued at $151,931,000 after purchasing an additional 836,384 shares during the period. FIL Ltd boosted its stake in Akamai Technologies by 63.5% during the 2nd quarter. FIL Ltd now owns 1,859,231 shares of the technology infrastructure company’s stock valued at $92,609,000 after purchasing an additional 722,170 shares during the period. Finally, Clearbridge Investments LLC boosted its stake in Akamai Technologies by 13.1% during the 1st quarter. Clearbridge Investments LLC now owns 6,177,452 shares of the technology infrastructure company’s stock valued at $368,794,000 after purchasing an additional 717,811 shares during the period. 84.49% of the stock is owned by institutional investors and hedge funds.

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Akamai Technologies (NASDAQ:AKAM) last issued its earnings results 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 company had revenue of $608.90 million for the quarter, compared to analyst estimates of $604.51 million. Akamai Technologies had a net margin of 12.67% and a return on equity of 10.97%. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.64 EPS.

In other Akamai Technologies news, CEO F Thomson Leighton bought 21,554 shares of Akamai Technologies stock in a transaction dated Tuesday, August 15th. The shares were bought at an average price of $46.91 per share, with a total value of $1,011,098.14. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Frederic V. Salerno bought 5,000 shares of Akamai Technologies stock in a transaction dated 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 directly owns 62,192 shares in the company, valued at approximately $2,912,451.36. The disclosure for this purchase can be found here. 3.20% of the stock is currently owned by company insiders.

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

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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