Strs Ohio raised its stake in Akamai Technologies by 2.1% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in Akamai Technologies by 10.0% in the second quarter. Gulf International Bank UK Ltd now owns 53,458 shares of the technology infrastructure company’s stock worth $2,813,000 after buying an additional 1,700 shares during the period. Checchi Capital Advisers LLC boosted its position in Akamai Technologies by 0.9% in the second quarter. LLTC market capitalization is 14.49B with $4868 employees.
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Shareholder rights attorneys at Robbins Arroyo LLP are investigating the proposed acquisition of Linear Technology Corporation (NASDAQ:LLTC) by Analog Devices, Inc.
The company has a PEG ratio of 1.25. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of Akamai Technologies in a report on Sunday, July 17th.
Several other equities research analysts have also recently issued reports on AKAM. (ADI). On July 26, 2016, the two companies announced the signing of a definitive merger agreement pursuant to which Analog Devices will acquire Linear Technology.
The analyst stated that the investment firm has set a price target of 47 on shares of NASDAQ:AKAM. 2 analyst has rated the stock with a sell rating, 9 has assigned a hold rating, 0 says it’s a buy, and 11 have assigned a strong buy rating to the company. Akamai Technologies has an average rating of “Buy” and a consensus price target of $63.93.
The recent traded volume of 19.37 million shares higher than its average volume of 1.87 million shares. The 52 week high Akamai Technologies, Inc.’s shares have reached is 76.98 whilst the 52 week low for the company’s shares is 39.43. Technical View The technical analysis of Akamai Technologies, Inc. plainly substantiates that the 50-day moving average of Akamai Technologies, Inc.is $55.30, and stock is hovering -7.01 or -12.68% distant from $55.30. The company generated $572 million in revenue, up 6% year-over-year, but Wall Street was looking for the company to report $590.37 million in revenue for the quarter. Revenue from customers in the Company’s three major divisions is reported below.
According to CNN Money, the current consensus among 25 polled investment analysts is to buy stock in Akamai Technologies Inc. The company’s revenue for the quarter was up 5.8% compared to the same quarter past year. The company has the institutional ownership of 1.60% while the Beta factor was 0.53.
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Akamai Technologies, Inc. has 175,591,000 shares which are now outstanding with shareholders and have a price of 58.09 bringing Akamai Technologies, Inc.’s market capitalisation to 10.20B Dollars.
