Akamai Technologies (NASDAQ:AKAM) Receives Sell Rating from Morgan Stanley

Galtero Lara
Enero 5, 2018

The firm has a market cap of $11,100.00, a P/E ratio of 39.49, a price-to-earnings-growth ratio of 2.64 and a beta of 0.68. The overall volume in the last trading session was 16,655,669 shares. Hendershot Investments Inc who had been investing in Ross Stores Inc for a number of months, seems to be bullish on the $30.55B market cap company. Hood River Capital Management Llc bought 56,155 shares as the company's stock declined 3.41% while stock markets rallied.

Traders have different rules for what constitutes liquidity and a good guide is the volume of trades and volume of shares that are traded each day. Ross Stores, Inc. (NASDAQ:ROST) has risen 12.03% since January 3, 2017 and is uptrending. It has outperformed by 91.73% the S&P500.The move comes after 6 months negative chart setup for the $1.46B company.

Alphabet Inc. (NASDAQ:GOOG) and Akamai Technologies, Inc. (AKAM) by 4.84% based on its latest 2017Q3 regulatory filing with the SEC. The institutional investor held 489,434 shares of the technology company at the end of 2017Q3, valued at $15.58 million, up from 433,279 at the end of the previous reported quarter.

According to Akamai Technologies, Inc.'s Insider ownership is at 0.20%. The stock decreased 2.65% or $0.85 during the last trading session, reaching $31.25. Akamai Technologies, Inc. (NASDAQ:AKAM) has declined 6.51% since January 4, 2017 and is downtrending. It has underperformed by 23.21% the S&P500.

Investors sentiment increased to 0.99 in 2017 Q3. Its up 0.24, from 0.75 in 2017Q2. It increased, as 51 investors sold AKAM shares while 138 reduced holdings. 28 funds opened positions while 54 raised stakes. 339.45 million shares or 0.11% less from 339.81 million shares in 2017Q2 were reported. Sentinel Asset Mngmt has 440,321 shares for 0.34% of their portfolio. Teachers Retirement Systems Of The State Of Kentucky owns 0.06% invested in Akamai Technologies, Inc. (NASDAQ:AKAM) or 47,039 shares. Woodstock invested in 0.09% or 9,158 shares. Cohen Klingenstein invested 0.09% in Akamai Technologies, Inc. Moreover, Franklin has 0.02% invested in Bottomline Technologies (NASDAQ:de, Inc).

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Analyst Thoughts About Extreme Networks, Inc. About 179,889 shares traded. Westwood Holdings Group Inc. bought a new position in Akamai Technologies in the second quarter worth approximately $117,000.

Shares of Akamai Technologies (NASDAQ:AKAM) traded up $0.38 on Wednesday, reaching $65.94. (NASDAQ:AKAM). 5,810 are owned by Argent Trust. First Fincl Bank Of Omaha invested 0.14% in Akamai Technologies, Inc. (NASDAQ:AKAM). Price T Rowe Md has invested 0% in Akamai Technologies, Inc. Bb&T reported 137,679 shares.

Since October 2, 2017, it had 1 buying transaction, and 5 sales for $3.86 million activity. MCCONNELL RICK M also sold $565,321 worth of Akamai Technologies, Inc. As per Thursday, October 29, the company rating was maintained by FBR Capital. Analysts' mean recommendation for the stock is 2.40 (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Therefore 60% are positive. Akamai Tech had 79 analyst reports since July 29, 2015 according to SRatingsIntel. Guggenheim initiated the stock with "Buy" rating in Thursday, December 22 report. Oppenheimer maintained the shares of AKAM in report on Tuesday, August 8 with "Buy" rating. (NASDAQ:MB) earned "Overweight" rating by KeyBanc Capital Markets on Tuesday, September 13. The rating was maintained by Morgan Stanley on Wednesday, July 26 with "Underweight". As per Wednesday, October 25, the company rating was maintained by Credit Suisse. The company was reinitiated on Tuesday, October 13 by FBR Capital. The rating was maintained by Robert W. Baird with "Outperform" on Wednesday, April 27. In this case performance of tends to percentage rate of return for a stock for a given time frame. SunTrust maintained Akamai Technologies, Inc. (NASDAQ:AKAM) rating on Wednesday, December 6. Piedmont Ltd Limited Liability Company accumulated 7,874 shares. Champlain Investment Partners Llc, a Us-based fund reported 1.30 million shares.

Grace & White Inc Ny holds 1.97% of its portfolio in Argo Group International Holdings, Ltd. for 153,752 shares. (NYSE:YUME) for 316,700 shares. Brandywine Tru holds 0.22% of its portfolio in YuMe, Inc. (NYSE:YUME) for 52,268 shares. Ftb reported 2,538 shares. 575,127 are held by Fisher Asset Management Ltd Llc. Federated Invsts Pa holds 0% or 2,140 shares. Benjamin F Edwards And Company Incorporated stated it has 0% of its portfolio in Akamai Technologies, Inc. Dimensional Fund Ltd Partnership reported 593,729 shares. Therefore 57% are positive. The company was maintained on Wednesday, August 10 by Barclays Capital. On Monday, August 10 the stock rating was downgraded by Zacks to "Hold".

BidaskClub upgraded shares of Akamai Technologies (NASDAQ:AKAM) from a buy rating to a strong-buy rating in a research report released on Wednesday, December 20th. The company was maintained on Friday, August 28 by William Blair.

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