As Akamai Technologies INC (AKAM) Shares Declined, Holder Lombard Odier Asset Management Usa Corp Has Trimmed Position

February 15, 2018 - By Linda Rogers

Investors sentiment increased to 0.99 in 2017 Q3. Its up 0.24, from 0.75 in 2017Q2. It improved, as 51 investors sold AKAM shares while 138 reduced holdings. 38 funds opened positions while 150 raised stakes. 138.17 million shares or 0.41% less from 138.74 million shares in 2017Q2 were reported. First Trust Advisors Lp invested 0.62% in Akamai Technologies, Inc. (NASDAQ:AKAM). Retail Bank Of Montreal Can invested 0.01% of its portfolio in Akamai Technologies, Inc. (NASDAQ:AKAM). Addenda Capital, Quebec – Canada-based fund reported 43,138 shares. Commonwealth Bank & Trust Of Australia has 0% invested in Akamai Technologies, Inc. (NASDAQ:AKAM). Cannell Peter B & accumulated 9,883 shares. Moreover, Ftb Incorporated has 0.01% invested in Akamai Technologies, Inc. (NASDAQ:AKAM) for 2,538 shares. Glob X Management Limited Liability Com holds 5,111 shares or 0.01% of its portfolio. Adage Limited Liability invested in 0.03% or 244,900 shares. Amica Retiree Medical holds 1,253 shares. Prelude Cap Mngmt Limited Liability Co stated it has 0.03% of its portfolio in Akamai Technologies, Inc. (NASDAQ:AKAM). Oakworth Cap, Alabama-based fund reported 37 shares. Morgan Stanley invested 0.01% in Akamai Technologies, Inc. (NASDAQ:AKAM). Employees Retirement Association Of Colorado reported 31,885 shares or 0.01% of all its holdings. Menta Capital Limited holds 7,400 shares or 0.05% of its portfolio. Lombard Odier Asset Mngmt (Usa) reported 0.7% stake.

Since October 2, 2017, it had 1 buy, and 5 selling transactions for $3.86 million activity. MCCONNELL RICK M had sold 7,579 shares worth $386,529. Wheaton William had sold 10,000 shares worth $498,100.

Lombard Odier Asset Management Usa Corp decreased its stake in Akamai Technologies Inc (AKAM) by 32.31% based on its latest 2017Q3 regulatory filing with the SEC. Lombard Odier Asset Management Usa Corp sold 96,932 shares as the company’s stock declined 24.00% while stock markets rallied. The institutional investor held 203,068 shares of the miscellaneous company at the end of 2017Q3, valued at $9.89 million, down from 300,000 at the end of the previous reported quarter. Lombard Odier Asset Management Usa Corp who had been investing in Akamai Technologies Inc for a number of months, seems to be less bullish one the $11.33 billion market cap company. The stock increased 0.18% or $0.12 during the last trading session, reaching $66.99. About 813,920 shares traded. Akamai Technologies, Inc. (NASDAQ:AKAM) has declined 6.51% since February 15, 2017 and is downtrending. It has underperformed by 23.21% the S&P500.

Lombard Odier Asset Management Usa Corp, which manages about $3.79B and $1.41B US Long portfolio, upped its stake in Neophotonics Corp (NYSE:NPTN) by 1.23 million shares to 1.48M shares, valued at $8.24 million in 2017Q3, according to the filing. It also increased its holding in Catalent Inc (NYSE:CTLT) by 135,346 shares in the quarter, for a total of 155,346 shares, and has risen its stake in Netease Inc (NASDAQ:NTES).

More notable recent Akamai Technologies, Inc. (NASDAQ:AKAM) news were published by: Seekingalpha.com which released: “Akamai Technologies (AKAM) Q4 2017 Results – Earnings Call Transcript” on February 07, 2018, also Marketwatch.com with their article: “Akamai Tech shares rally on outlook after in-line results” published on February 06, 2018, Cnbc.com published: “Akamai stock jumps after it beat on earnings and said it cut 5 percent of …” on February 07, 2018. More interesting news about Akamai Technologies, Inc. (NASDAQ:AKAM) were released by: Seekingalpha.com and their article: “Akamai Technologies +5.3% after Q4 beats” published on February 06, 2018 as well as Seekingalpha.com‘s news article titled: “Akamai Technologies: Avoid” with publication date: February 14, 2018.

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

Among 29 analysts covering Akamai Tech (NASDAQ:AKAM), 14 have Buy rating, 3 Sell and 12 Hold. Therefore 48% are positive. Akamai Tech had 88 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of Akamai Technologies, Inc. (NASDAQ:AKAM) has “Sector Perform” rating given on Wednesday, October 26 by RBC Capital Markets. On Wednesday, January 6 the stock rating was maintained by UBS with “Buy”. As per Wednesday, July 29, the company rating was maintained by Canaccord Genuity. FBR Capital upgraded Akamai Technologies, Inc. (NASDAQ:AKAM) rating on Wednesday, October 26. FBR Capital has “Mkt Perform” rating and $55 target. Wells Fargo initiated the stock with “Outperform” rating in Wednesday, January 11 report. The firm earned “Hold” rating on Thursday, March 24 by Stifel Nicolaus. The stock of Akamai Technologies, Inc. (NASDAQ:AKAM) has “Sector Weight” rating given on Wednesday, July 27 by Pacific Crest. The stock of Akamai Technologies, Inc. (NASDAQ:AKAM) earned “Hold” rating by Stifel Nicolaus on Wednesday, September 13. Credit Suisse maintained it with “Neutral” rating and $55 target in Wednesday, October 25 report. The rating was maintained by Oppenheimer with “Buy” on Tuesday, August 8.

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