Economy

Analyst Activity - Cowen and Company Reiterates Hold on Akamai Technologies (NASDAQ:AKAM)

During the same quarter in the prior year, the firm posted $0.68 earnings per share. Shares for $97,356 were sold by Gemmell James on Monday, May 8. Vanguard Group Inc. lifted its position in Akamai Technologies by 2.6% during the 2nd quarter. Akamai Technologies shares last traded at $53.49, with a volume of 1,552,171 shares trading hands. Akamai Technologies, Inc. (NASDAQ:AKAM) has a 20-Day average volume of 2.2 Million. It has underperformed by 23.21% the S&P500. The technology infrastructure company reported $0.64 earnings per share (EPS) for the quarter, meeting the Zacks' consensus estimate of $0.64.

Let's take an assessment at how Akamai Technologies, Inc. About shares traded. Zagg Inc (NASDAQ:ZAGG) has risen 54.72% since October 26, 2016 and is uptrending. (AKAM) has a market cap of $9.11 billion and over the last 12 months, Akamai Technologies, Inc. Akamai has moved into higher margin cloud security services as prices for content delivery network services continue to tumble. It has a 245.37 P/E ratio. 3 of these were buys and 2 were sells.

In related news, CEO F Thomson Leighton acquired 21,554 shares of the company's stock in a transaction on Tuesday, August 15th. SAGAN PAUL had sold 17,889 shares worth $886,042. $208,360 worth of Akamai Technologies, Inc.

Investors sentiment decreased to 0.75 in Q2 2017. Its down 0.39, from 1.14 in 2017Q1. Factory Mutual Insurance Company sold 77,000 shares as Akamai Technologies Inc (AKAM)'s stock declined 24.00%. The stock had previously closed at $52.35, but opened at $54.00. Clearbridge Investments LLC now owns 6,177,452 shares of the technology infrastructure company's stock worth $368,794,000 after acquiring an additional 717,811 shares during the period. Principal Finance Grp Incorporated, a Iowa-based fund reported 263,927 shares. The stock has a beta value of 0.65. Alphamark Advsr Limited Liability Company holds 0% or 93 shares. (NASDAQ:AKAM). Adage Prtnrs Grp holds 0.03% or 247,500 shares. There has been an observed change of 10.75% in the ownership of the shares in the past six months. Mitsubishi Ufj Tru And Corp holds 0.03% of its portfolio in Akamai Technologies, Inc.

AKAM has been the subject of several other reports.

More important recent Akamai Technologies, Inc. (NASDAQ:AKAM) for 41,272 shares. Bbva Compass Fincl Bank invested in 20,775 shares.

Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings results on Tuesday, October 24th. (NASDAQ:AKAM). The North Carolina-based Bb&T has invested 0.12% in Akamai Technologies, Inc. Creative Planning has invested 0% in Akamai Technologies, Inc. The average investment rating for AKAM on a scale of 1 to 5 (1 being a strong sell and 5 being a strong buy) is a 3.68 or a Hold. Therefore 39% are positive. Akamai Tech had 69 analyst reports since July 29, 2015 according to SRatingsIntel. (NASDAQ:AKAM) on Wednesday, February 10 with "Neutral" rating. It also upped Tjx Cos Inc New (NYSE:TJX) stake by 85,000 shares and now owns 530,500 shares. (NASDAQ:AMZN) on Thursday, July 20 with "Overweight" rating. FBR Capital has "Underperform" rating and $42 target. Piper Jaffray maintained it with "Buy" rating and $1200.0 target in Wednesday, October 18 report. The company was upgraded on Friday, August 28 by JMP Securities. The correct version of this piece of content can be viewed at https://www.truebluetribune.com/2017/10/26/akamai-technologies-inc-akam-given-buy-rating-at-b-riley.html. The company was downgraded on Wednesday, May 3 by DA Davidson.

ZAGG Inc designs, produces and distributes professional product solutions for mobile devices, including screen protection (glass and film), keyboards for tablet computers and mobile devices, keyboard cases, earbuds, mobile power solutions, cables, and cases under the ZAGG and InvisibleShield brands.

Investors sentiment decreased to 1.36 in Q2 2017. Its down 0.08, from 1.22 in 2017Q1. This gauge is crucial in determining whether investors are moved toward the direction of buying more of the stock, or else doing the contradictory side and selling more of the stock. 153 funds opened positions while 670 raised stakes. 2,100 were accumulated by Thompson Siegel And Walmsley Ltd Co. First Manhattan holds 623 shares. (NASDAQ:AMZN). Morgens Waterfall Vintiadis & Incorporated reported 2.82% in Amazon.com, Inc. Principal Group Inc invested 0.01% of its portfolio in Akamai Technologies, Inc. Campbell Newman Asset Management reported 4,600 shares stake. Da Davidson & Co holds 0% of its portfolio in Zagg Inc (NASDAQ:ZAGG) for 2,455 shares. 734,721 are held by California State Teachers Retirement. Wells Fargo & Mn stated it has 0% in Zagg Inc (NASDAQ:ZAGG). Royal Bancorporation Of Canada holds 0.02% in Zagg Inc (NASDAQ:ZAGG) or 3.63M shares. Myriad Asset Mngmt Ltd invested 0.8% of its portfolio in Amazon.com, Inc. J.P. Morgan maintained the shares of AMZN in report on Wednesday, May 31 with "Buy" rating. Asset Management holds 0.03% or 15,432 shares in its portfolio.

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