Could Akamai Technologies, Inc. See a Reversal After Today’s Strong Options Activity?

 Could Akamai Technologies, Inc. See a Reversal After Today's Strong Options Activity?

In today’s session Akamai Technologies, Inc. (AKAM) registered an unusually high (120) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the May, 2017 call, expecting serious AKAM increase. With 120 contracts traded and 954 open interest for the May, 17 contract, it seems this is a quite bullish bet. The option with symbol: AKAM170519C00057500 closed last at: $4.25 or 1.2% down. The stock increased 1.73% or $0.93 during the last trading session, hitting $54.64. About 2.63 million shares traded hands or 39.15% up from the average. Akamai Technologies, Inc. (NASDAQ:AKAM) has declined 2.79% since March 2, 2016 and is downtrending. It has underperformed by 12.04% the S&P500.

Analysts await Akamai Technologies, Inc. (NASDAQ:AKAM) to report earnings on October, 25. They expect $0.49 earnings per share, down 7.55% or $0.04 from last year’s $0.53 per share. AKAM’s profit will be $86.81M for 27.88 P/E if the $0.49 EPS becomes a reality. After $0.47 actual earnings per share reported by Akamai Technologies, Inc. for the previous quarter, Wall Street now forecasts 4.26% EPS growth.

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

Out of 21 analysts covering Akamai Tech (NASDAQ:AKAM), 9 rate it a “Buy”, 2 “Sell”, while 10 “Hold”. This means 43% are positive. Akamai Tech has been the topic of 32 analyst reports since July 29, 2015 according to StockzIntelligence Inc. JMP Securities upgraded it to “Market Outperform” rating and $85 target price in Friday, August 28 report. On Tuesday, November 3 the stock rating was maintained by Macquarie Research with “Neutral”. M Partners maintained it with “Buy” rating and $85 target price in Thursday, July 30 report. Wells Fargo upgraded the shares of AKAM in a report on Friday, August 12 to “Outperform” rating. Pacific Crest downgraded Akamai Technologies, Inc. (NASDAQ:AKAM) on Wednesday, July 27 to “Sector Weight” rating. On Wednesday, October 28 the stock rating was downgraded by Canaccord Genuity to “Hold”. The firm has “Market Perform” rating by Cowen & Co given on Wednesday, October 28. As per Wednesday, February 10, the company rating was upgraded by B. Riley & Co. The rating was initiated by Stifel Nicolaus on Thursday, March 24 with “Hold”. Credit Suisse initiated Akamai Technologies, Inc. (NASDAQ:AKAM) rating on Wednesday, February 10. Credit Suisse has “Neutral” rating and $45 price target.

Insitutional Activity: The institutional sentiment increased to 1.05 in 2016 Q2. Its up 0.02, from 1.03 in 2016Q1. The ratio increased, as 57 funds sold all Akamai Technologies, Inc. shares owned while 140 reduced positions. 41 funds bought stakes while 166 increased positions. They now own 144.96 million shares or 5.77% less from 153.83 million shares in 2016Q1.
Dimensional Fund Advsr L P accumulated 0.02% or 629,059 shares. Mycio Wealth Partners Limited last reported 0% of its portfolio in the stock. Bnp Paribas Inv Prns accumulated 60,436 shares or 0.03% of the stock. Eaton Vance Mgmt last reported 224,224 shares in the company. Macquarie Gp accumulated 0% or 4,000 shares. Blackrock Fund last reported 2.84M shares in the company. Thompson Siegel And Walmsley Ltd last reported 300 shares in the company. Moreover, First Tru Advsr L P has 0.37% invested in Akamai Technologies, Inc. (NASDAQ:AKAM) for 2.12 million shares. Moreover, Huntington Comml Bank has 0% invested in Akamai Technologies, Inc. (NASDAQ:AKAM) for 575 shares. Massmutual Trust Fsb Adv holds 0% of its portfolio in Akamai Technologies, Inc. (NASDAQ:AKAM) for 2,191 shares. Chevy Chase Trust Holdg last reported 150,500 shares in the company. Pitcairn last reported 0.23% of its portfolio in the stock. Bancorpsouth holds 0.04% of its portfolio in Akamai Technologies, Inc. (NASDAQ:AKAM) for 6,515 shares. Geode Capital Mngmt Limited Liability holds 0.04% of its portfolio in Akamai Technologies, Inc. (NASDAQ:AKAM) for 1.46 million shares. Calamos Advisors Lc, a Illinois-based fund reported 40,648 shares.

Insider Transactions: Since April 15, 2016, the stock had 5 insider purchases, and 12 selling transactions for $1.20 million net activity. $1.22M worth of Akamai Technologies, Inc. (NASDAQ:AKAM) was sold by SAGAN PAUL. Shares for $999,778 were bought by LEIGHTON F THOMSON. Shares for $101,120 were sold by Blumofe Robert on Monday, August 1. $692,000 worth of shares were sold by Greenthal Jill A on Friday, August 26. SELIGMAN NAOMI O had sold 1,728 shares worth $93,485 on Thursday, June 2. Shares for $106,290 were sold by Gemmell James on Thursday, April 28. 20,875 Akamai Technologies, Inc. (NASDAQ:AKAM) shares with value of $1.12 million were sold by HARATUNIAN MELANIE.

Akamai Technologies, Inc. is engaged in providing cloud services for delivering, optimizing and securing content and business applications over the Internet. The company has a market cap of $9.68 billion. The Company’s across the globe distributed platform comprises approximately 200,000 servers in over 1,400 networks in over 120 countries. It has a 30.04 P/E ratio. It is involved in offering content delivery network services.

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