Akamai Technologies (AKAM) : Fcm Investmentstx reduced its stake in Akamai Technologies by 5.15% during the most recent quarter end. The investment management company now holds a total of 62,639 shares of Akamai Technologies which is valued at $3,193,963 after selling 3,400 shares in Akamai Technologies , the firm said in a disclosure report filed with the SEC on Apr 25, 2016.Akamai Technologies makes up approximately 1.72% of Fcm Investmentstx’s portfolio.
Akamai Technologies closed down -0.05 points or -0.10% at $50.94 with 19,82,908 shares getting traded on Monday. Post opening the session at $50.75, the shares hit an intraday low of $50.03 and an intraday high of $51.1772 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
Other Hedge Funds, Including , Louisiana State Employees Retirement System reduced its stake in AKAM by selling 700 shares or 5.6% in the most recent quarter. The Hedge Fund company now holds 11,800 shares of AKAM which is valued at $601,682. Akamai Technologies makes up approx 0.03% of Louisiana State Employees Retirement System’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in AKAM in the latest quarter, The investment management firm added 299 additional shares and now holds a total of 23,747 shares of Akamai Technologies which is valued at $1,209,435. Akamai Technologies makes up approx 0.03% of Oregon Public Employees Retirement Fund’s portfolio.Endurance Wealth Management reduced its stake in AKAM by selling 3,334 shares or 2.48% in the most recent quarter. The Hedge Fund company now holds 130,975 shares of AKAM which is valued at $6,670,557. Akamai Technologies makes up approx 1.29% of Endurance Wealth Management’s portfolio.
On the company’s financial health, Akamai Technologies reported $0.66 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.63. The company had revenue of $567.73 million for the quarter, compared to analysts expectations of $564.26 million. The company’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 EPS.
Many Wall Street Analysts have commented on Akamai Technologies. Company shares were Reiterated by FBR Capital on Apr 28, 2016 to “Underperform”, Firm has raised the Price Target to $ 43 from a previous price target of $42 .Shares were Reiterated by RBC Capital Mkts on Apr 27, 2016 to “Sector Perform” and Lowered the Price Target to $ 59 from a previous price target of $62 .Akamai Technologies was Downgraded by Craig Hallum to ” Hold” on Apr 27, 2016.
Akamai Technologies Inc. is a provider of cloud services for delivering optimizing and securing online content and business applications. Its solutions include delivery of conventional content on Websites tools that support the delivery and operation of cloud-based applications as well as security solutions and live and on-demand streaming video capabilities. The Companys solutions include Media Delivery Solutions Performance and Security Solutions and Service and Support Solutions. Media Delivery Solutions are designed to enable enterprises to execute their digital media distribution strategies. Performance and Security Solutions are designed to utilize the Companys core content and application delivery technologies of the Company to make the Internet work better. Service and Support Solutions offer professional services and solutions.