Jabre Capital Partners S.a. adds Akamai Technologies (AKAM) to its portfolio

Akamai Technologies (AKAM) : Jabre Capital Partners S.a. added new position in Akamai Technologies during the most recent quarter end. The investment management firm now holds 50,000 shares of Akamai Technologies which is valued at $2,598,500 , the company said in a statement filed on Aug 15, 2016 with the SEC.Akamai Technologies makes up approximately 1.84% of Jabre Capital Partners S.a.’s portfolio.

Other Hedge Funds, Including , Caisse De Depot Et Placement Du Quebec reduced its stake in AKAM by selling 21,087 shares or 27.89% in the most recent quarter. The Hedge Fund company now holds 54,513 shares of AKAM which is valued at $2,833,041. Akamai Technologies makes up approx 0.01% of Caisse De Depot Et Placement Du Quebec’s portfolio.Cleararc Capital Inc reduced its stake in AKAM by selling 8 shares or 0.19% in the most recent quarter. The Hedge Fund company now holds 4,288 shares of AKAM which is valued at $222,847. Akamai Technologies makes up approx 0.04% of Cleararc Capital Inc’s portfolio. Princeton Alpha Management Lp sold out all of its stake in AKAM during the most recent quarter. The investment firm sold 35,020 shares of AKAM which is valued $1,774,113.Ghp Investment Advisors boosted its stake in AKAM in the latest quarter, The investment management firm added 2,525 additional shares and now holds a total of 20,100 shares of Akamai Technologies which is valued at $993,744. Akamai Technologies makes up approx 0.19% of Ghp Investment Advisors’s portfolio.

Akamai Technologies opened for trading at $54.82 and hit $55.08 on the upside on Thursday, eventually ending the session at $55.07, with a gain of 0.31% or 0.17 points. The heightened volatility saw the trading volume jump to 17,70,093 shares. Company has a market cap of $9,622 M.

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. Akamai Technologies was Upgraded by Wells Fargo to ” Outperform” on Aug 12, 2016. Shares were Reiterated by Piper Jaffray on Jul 27, 2016 to “Overweight” and Lowered the Price Target to $ 64 from a previous price target of $69 .Shares were Reiterated by FBR Capital on Jul 27, 2016 to “Underperform” and Lowered the Price Target to $ 42 from a previous price target of $43 .

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 Company’s 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 Company’s core content and application delivery technologies of the Company to make the Internet work better. Service and Support Solutions offer professional services and solutions.

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