Aqr Capital Management LLC Has Lifted Position in Akamai Technologies INC (AKAM)

Akamai Technologies, Inc. (NASDAQ:AKAM) LogoInvestors sentiment decreased to 1.13 in Q2 2019. Its down 0.05, from 1.18 in 2019Q1. It turned negative, as 33 investors sold AKAM shares while 154 reduced holdings. 64 funds opened positions while 148 raised stakes. 137.78 million shares or 0.72% more from 136.79 million shares in 2019Q1 were reported. Intll Grp Inc invested 0.02% of its portfolio in Akamai Technologies, Inc. (NASDAQ:AKAM). Symphony Asset Management Lc reported 0.16% stake. First Hawaiian National Bank holds 0.04% or 8,912 shares. The New York-based Laurion Capital Mgmt Ltd Partnership has invested 0.02% in Akamai Technologies, Inc. (NASDAQ:AKAM). Gsa Cap Ptnrs Llp has invested 0.06% in Akamai Technologies, Inc. (NASDAQ:AKAM). The New Jersey-based Architects has invested 0% in Akamai Technologies, Inc. (NASDAQ:AKAM). Fairpointe Ltd Liability owns 540,582 shares. Canada Pension Plan Inv Board holds 0.77% or 4.76 million shares. 15,532 are held by Massmutual Trust Fsb Adv. Connable Office invested in 27,725 shares or 0.41% of the stock. Kornitzer Mgmt Inc Ks reported 296,564 shares or 0.42% of all its holdings. 75,213 were reported by State Of Tennessee Treasury Department. Pension Ser reported 240,985 shares. Alphamark Ltd Liability Corp stated it has 93 shares. The Massachusetts-based S&Co Inc has invested 0.06% in Akamai Technologies, Inc. (NASDAQ:AKAM).

Aqr Capital Management Llc increased its stake in Akamai Technologies Inc (AKAM) by 15.12% based on its latest 2019Q2 regulatory filing with the SEC. Aqr Capital Management Llc bought 664,795 shares as the company’s stock rose 8.75% . The hedge fund held 5.06M shares of the miscellaneous company at the end of 2019Q2, valued at $402.18M, up from 4.40M at the end of the previous reported quarter. Aqr Capital Management Llc who had been investing in Akamai Technologies Inc for a number of months, seems to be bullish on the $14.82 billion market cap company. The stock decreased 0.64% or $0.58 during the last trading session, reaching $90.41. About 2.42M shares traded or 68.90% up from the average. Akamai Technologies, Inc. (NASDAQ:AKAM) has risen 17.05% since September 13, 2018 and is uptrending. It has outperformed by 17.05% the S&P500.

Aqr Capital Management Llc, which manages about $89.62B US Long portfolio, decreased its stake in Vale S A (NYSE:VALE) by 1.62M shares to 6.21 million shares, valued at $83.53 million in 2019Q2, according to the filing. It also reduced its holding in Itau Unibanco Hldg Sa (NYSE:ITUB) by 7.41M shares in the quarter, leaving it with 1.78M shares, and cut its stake in Hartford Finl Svcs Group Inc (NYSE:HIG).

More notable recent Akamai Technologies, Inc. (NASDAQ:AKAM) news were published by: Nasdaq.com which released: “Akamai Technologies (AKAM) Q2 Earnings and Revenues Top Estimates – Nasdaq” on July 30, 2019, also Seekingalpha.com with their article: “Akamai -1% on $1B note offering – Seeking Alpha” published on August 12, 2019, Nasdaq.com published: “Notable Tuesday Option Activity: IPGP, AKAM, FDX – Nasdaq” on June 18, 2019. More interesting news about Akamai Technologies, Inc. (NASDAQ:AKAM) were released by: Finance.Yahoo.com and their article: “Here’s Why We Think Akamai Technologies (NASDAQ:AKAM) Is Well Worth Watching – Yahoo Finance” published on August 19, 2019 as well as Finance.Yahoo.com‘s news article titled: “Do Akamai Technologies, Inc.’s (NASDAQ:AKAM) Returns On Capital Employed Make The Cut? – Yahoo Finance” with publication date: June 11, 2019.

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

Among 6 analysts covering Akamai Technologies (NASDAQ:AKAM), 3 have Buy rating, 1 Sell and 2 Hold. Therefore 50% are positive. Akamai Technologies has $9600 highest and $58 lowest target. $80’s average target is -11.51% below currents $90.41 stock price. Akamai Technologies had 11 analyst reports since March 25, 2019 according to SRatingsIntel. KeyBanc Capital Markets maintained Akamai Technologies, Inc. (NASDAQ:AKAM) rating on Wednesday, April 10. KeyBanc Capital Markets has “Overweight” rating and $80 target. The firm has “Neutral” rating by Nomura given on Wednesday, July 31. Evercore initiated it with “Hold” rating and $70 target in Thursday, March 21 report. The firm earned “Overweight” rating on Wednesday, July 31 by Morgan Stanley. On Monday, March 25 the stock rating was downgraded by Deutsche Bank to “Sell”.

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

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