Robo Globalâ„¢ Robotics&Automation ETF (ROBO) Is At $42.38 Formed Wedge; Institute For Wealth Management Trimmed By $1.80 Million Its Akamai Technologies (AKAM) Position

Akamai Technologies, Inc. (NASDAQ:AKAM) Logo

Institute For Wealth Management Llc decreased Akamai Technologies Inc (AKAM) stake by 49.52% reported in 2018Q1 SEC filing. Institute For Wealth Management Llc sold 25,754 shares as Akamai Technologies Inc (AKAM)’s stock rose 11.53%. The Institute For Wealth Management Llc holds 26,254 shares with $1.86M value, down from 52,008 last quarter. Akamai Technologies Inc now has $13.81B valuation. The stock increased 0.47% or $0.38 during the last trading session, reaching $80.95. About 1.68 million shares traded. Akamai Technologies, Inc. (NASDAQ:AKAM) has risen 59.20% since June 14, 2017 and is uptrending. It has outperformed by 46.63% the S&P500. Some Historical AKAM News: ; 08/03/2018 – AKAMAI TECHNOLOGIES INC – TWO NEW INDEPENDENT DIRECTORS INCLUDE TOM KILLALEA, SECOND DIRECTOR TO BE NAMED AT A LATER DATE; 12/04/2018 – LGT Capital Adds Intuit, Exits Public Storage, Cuts Akamai: 13F; 03/04/2018 – Akamai Commitment to OTT Video Streaming Performance, Quality and Security Front and Center at 2018 NAB Show; 02/04/2018 – LIMELIGHT NETWORKS INC – TERMS OF SETTLEMENT AND LICENSES ARE CONFIDENTIAL; 08/03/2018 – Akamai Technologies Names Tom Killalea Director; 17/04/2018 – Akamai’s State of the Internet / Security: Carrier Insight Report Highlights the Importance of Information Sharing in Battle Ag; 08/03/2018 – Akamai Technologies Mgmt, Operating Cmte to Work Toward Operating Margins of 30% in 2020; 27/03/2018 – AKAMAI TECHNOLOGIES INC – CURRENT LEAD INDEPENDENT DIRECTOR FREDERIC V. SALERNO NAMED CHAIRMAN; 09/03/2018 – AKAMAI TECHNOLOGIES INC AKAM.O : DEUTSCHE BANK RAISES TARGET PRICE TO $90 FROM $85; 27/03/2018 – AKAMAI CHAIRMAN TO RETIRE

Robo Globalâ„¢ Robotics&Automation ETF (ROBO) formed wedge down with $38.57 target or 9.00% below today’s $42.38 share price. Robo Globalâ„¢ Robotics&Automation ETF (ROBO) has $821.49M valuation. The ETF decreased 0.47% or $0.2 during the last trading session, reaching $42.38. About 286,167 shares traded. Robo Globalâ„¢ Robotics&Automation ETF (NASDAQ:ROBO) has risen 20.06% since June 14, 2017 and is uptrending. It has outperformed by 7.49% the S&P500.

Among 31 analysts covering Akamai Tech (NASDAQ:AKAM), 18 have Buy rating, 1 Sell and 12 Hold. Therefore 58% are positive. Akamai Tech had 101 analyst reports since July 29, 2015 according to SRatingsIntel. SunTrust maintained the shares of AKAM in report on Wednesday, February 7 with “Hold” rating. KeyBanc Capital Markets downgraded the shares of AKAM in report on Thursday, January 11 to “Sell” rating. The firm earned “Hold” rating on Wednesday, February 7 by Robert W. Baird. The firm has “Buy” rating given on Wednesday, February 7 by FBR Capital. The rating was maintained by Credit Suisse with “Outperform” on Wednesday, February 7. Deutsche Bank maintained the shares of AKAM in report on Tuesday, March 6 with “Buy” rating. FBR Capital upgraded it to “Mkt Perform” rating and $55 target in Wednesday, October 26 report. The company was maintained on Thursday, April 28 by FBR Capital. The rating was maintained by Canaccord Genuity with “Buy” on Wednesday, July 29. The company was initiated on Thursday, December 22 by Guggenheim.

Analysts await Akamai Technologies, Inc. (NASDAQ:AKAM) to report earnings on July, 24. They expect $0.60 earnings per share, up 39.53% or $0.17 from last year’s $0.43 per share. AKAM’s profit will be $102.37 million for 33.73 P/E if the $0.60 EPS becomes a reality. After $0.58 actual earnings per share reported by Akamai Technologies, Inc. for the previous quarter, Wall Street now forecasts 3.45% EPS growth.

More news for Akamai Technologies, Inc. (NASDAQ:AKAM) were recently published by: Bizjournals.com, which released: “HubSpot hires new CFO from Akamai” on June 13, 2018. Investingnews.com‘s article titled: “3 Cybersecurity ETFs for Investors” and published on June 14, 2018 is yet another important article.

Investors sentiment increased to 0.92 in 2018 Q1. Its up 0.10, from 0.82 in 2017Q4. It is positive, as 40 investors sold AKAM shares while 166 reduced holdings. 58 funds opened positions while 132 raised stakes. 141.80 million shares or 0.27% less from 142.18 million shares in 2017Q4 were reported. Susquehanna Group Inc Llp has invested 0% in Akamai Technologies, Inc. (NASDAQ:AKAM). Rhumbline Advisers has invested 0.05% in Akamai Technologies, Inc. (NASDAQ:AKAM). Pnc Financial Service Grp stated it has 41,561 shares or 0% of all its holdings. Tributary Lc reported 24,500 shares. 30,680 are owned by Harvey Mgmt Incorporated. Ameritas Invest Prtn Inc owns 0.05% invested in Akamai Technologies, Inc. (NASDAQ:AKAM) for 13,298 shares. Baker Avenue Asset Management LP has invested 0.22% of its portfolio in Akamai Technologies, Inc. (NASDAQ:AKAM). 5,944 were reported by Art Ltd Liability Corp. Stratos Wealth Prtnrs Ltd invested in 622 shares. Ny State Teachers Retirement System reported 271,210 shares stake. Fairpointe Cap Limited Liability Corp invested in 2.32M shares. Carlson Ltd Partnership reported 21,100 shares. Dnb Asset Mgmt As owns 16,306 shares or 0% of their US portfolio. Cambridge Research Advsrs has 5,715 shares. Hourglass Capital Llc invested in 0.06% or 4,000 shares.

Akamai Technologies, Inc. (NASDAQ:AKAM) Ratings Chart

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