Akamai Technologies, Inc. (AKAM) Shares Bought by Toronto Dominion Bank

Toronto Dominion Bank boosted its stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 12.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 72,998 shares of the technology infrastructure company’s stock after acquiring an additional 7,912 shares during the quarter. Toronto Dominion Bank’s holdings in Akamai Technologies were worth $4,747,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Keybank National Association OH grew its holdings in Akamai Technologies by 22.8% during the 4th quarter. Keybank National Association OH now owns 6,982 shares of the technology infrastructure company’s stock worth $454,000 after acquiring an additional 1,297 shares during the last quarter. Forsta AP Fonden lifted its position in Akamai Technologies by 9.3% during the 4th quarter. Forsta AP Fonden now owns 575,694 shares of the technology infrastructure company’s stock valued at $37,443,000 after purchasing an additional 48,800 shares during the period. Hourglass Capital LLC acquired a new position in Akamai Technologies during the 4th quarter valued at about $260,000. NuWave Investment Management LLC acquired a new position in Akamai Technologies during the 4th quarter valued at about $390,000. Finally, KBC Group NV lifted its position in Akamai Technologies by 57.8% during the 4th quarter. KBC Group NV now owns 86,786 shares of the technology infrastructure company’s stock valued at $5,645,000 after purchasing an additional 31,787 shares during the period. 84.77% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Akamai Technologies, Inc. (NASDAQ AKAM) opened at $66.77 on Wednesday. The firm has a market cap of $11,314.56, a P/E ratio of 53.42, a P/E/G ratio of 2.44 and a beta of 0.71. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.82 and a quick ratio of 3.01. Akamai Technologies, Inc. has a 52-week low of $44.65 and a 52-week high of $69.56.

Akamai Technologies (NASDAQ:AKAM) last announced its quarterly earnings results on Tuesday, February 6th. The technology infrastructure company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.06. The business had revenue of $663.50 million for the quarter, compared to the consensus estimate of $649.08 million. Akamai Technologies had a net margin of 6.80% and a return on equity of 5.50%. Akamai Technologies’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the company posted $0.72 EPS. research analysts predict that Akamai Technologies, Inc. will post 2.14 earnings per share for the current fiscal year.

A number of research analysts have issued reports on the stock. BidaskClub upgraded shares of Akamai Technologies from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, January 30th. Craig Hallum upgraded shares of Akamai Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, December 19th. MKM Partners upped their target price on shares of Akamai Technologies to $65.00 and gave the company a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research downgraded shares of Akamai Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Finally, Piper Jaffray Companies restated a “buy” rating and set a $60.00 target price on shares of Akamai Technologies in a research report on Wednesday, October 25th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $68.95.

In other Akamai Technologies news, insider Rick M. Mcconnell sold 48,369 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $56.83, for a total transaction of $2,748,810.27. Following the sale, the insider now directly owns 45,974 shares in the company, valued at approximately $2,612,702.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO F Thomson Leighton bought 17,537 shares of the company’s stock in a transaction on Friday, December 15th. The shares were bought at an average price of $57.01 per share, for a total transaction of $999,784.37. The disclosure for this purchase can be found here. Insiders have sold a total of 66,799 shares of company stock worth $3,976,520 over the last 90 days. Corporate insiders own 3.20% of the company’s stock.

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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.

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

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