Is Akamai Technologies, Inc. a Sell? The Stock Had Bearish Options Activity Today

 Is Akamai Technologies, Inc. a Sell? The Stock Had Bearish Options Activity Today

In today’s session Akamai Technologies, Inc. (AKAM) recorded an unusually high (1,502) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious AKAM decrease. With 1,502 contracts traded and 1384 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: AKAM161216P00065000 closed last at: $1.82 or 1.1% up. About 176,773 shares traded hands. Akamai Technologies, Inc. (NASDAQ:AKAM) has risen 26.71% since April 14, 2016 and is uptrending. It has outperformed by 22.02% the S&P500.

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

Out of 21 analysts covering Akamai Tech (NASDAQ:AKAM), 9 rate it a “Buy”, 1 “Sell”, while 11 “Hold”. This means 43% are positive. $91 is the highest target while $42 is the lowest. The $68.56 average target is 4.91% above today’s ($65.35) stock price. Akamai Tech has been the topic of 36 analyst reports since July 29, 2015 according to StockzIntelligence Inc. B. Riley & Co upgraded the stock to “Buy” rating in Wednesday, February 10 report. The stock of Akamai Technologies, Inc. (NASDAQ:AKAM) has “Neutral” rating given on Tuesday, November 3 by Macquarie Research. The rating was maintained by Robert W. Baird with “Outperform” on Wednesday, April 27. M Partners maintained Akamai Technologies, Inc. (NASDAQ:AKAM) rating on Thursday, July 30. M Partners has “Buy” rating and $85 price target. The rating was downgraded by Pacific Crest on Wednesday, July 27 to “Sector Weight”. The stock of Akamai Technologies, Inc. (NASDAQ:AKAM) has “Mkt Perform” rating given on Wednesday, October 26 by FBR Capital. RBC Capital Markets maintained it with “Sector Perform” rating and $67 target price in Wednesday, October 26 report. The company was initiated on Thursday, March 24 by RBC Capital Markets. The stock has “Underperform” rating given by FBR Capital on Wednesday, February 10. The stock of Akamai Technologies, Inc. (NASDAQ:AKAM) earned “Buy” rating by Evercore on Monday, December 14.

According to Zacks Investment Research, “Akamai Technologies Inc. is the leading global service provider for accelerating content and business processes online. Thousands of organizations have formed trusted relationships with Akamai, improving their revenue and reducing costs by maximizing the performance of their online businesses. Leveraging the Akamai EdgePlatform, these organizations gain business advantage today, and have the foundation for the emerging Web solutions of tomorrow.”

Insitutional Activity: The institutional sentiment increased to 1.05 in Q2 2016. Its up 0.02, from 1.03 in 2016Q1. The ratio is positive, 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.
Montag A Associate holds 0.54% or 72,729 shares in its portfolio. Oakbrook Limited Com owns 10,000 shares or 0.03% of their US portfolio. Next Fincl Group Incorporated last reported 250 shares in the company. Pitcairn Communications holds 0.23% of its portfolio in Akamai Technologies, Inc. (NASDAQ:AKAM) for 31,474 shares. Barclays Public Limited accumulated 0.01% or 202,082 shares. Northern Tru Corp last reported 2.34 million shares in the company. Brown Advisory Limited Liability Corporation reported 6,257 shares or 0.11% of all its holdings. Moreover, Bp Public Ltd has 0.2% invested in Akamai Technologies, Inc. (NASDAQ:AKAM) for 92,000 shares. Rhumbline Advisers holds 0.05% of its portfolio in Akamai Technologies, Inc. (NASDAQ:AKAM) for 287,612 shares. The Louisiana-based Louisiana State Employees Retirement has invested 0.03% in Akamai Technologies, Inc. (NASDAQ:AKAM). Goldman Sachs Grp has invested 0.01% of its portfolio in Akamai Technologies, Inc. (NASDAQ:AKAM). Td Asset Management Incorporated has invested 0.02% of its portfolio in Akamai Technologies, Inc. (NASDAQ:AKAM). Argent Trust Co has invested 0.11% of its portfolio in Akamai Technologies, Inc. (NASDAQ:AKAM). Carlson Limited Partnership accumulated 48,600 shares or 0.03% of the stock. Manchester Mngmt Lc last reported 467 shares in the company.

Insider Transactions: Since June 2, 2016, the stock had 4 insider purchases, and 16 sales for $5.87 million net activity. Another trade for 1,869 shares valued at $94,291 was sold by Gemmell James. 2,575 Akamai Technologies, Inc. (NASDAQ:AKAM) shares with value of $144,200 were sold by HARATUNIAN MELANIE. Another trade for 2,000 shares valued at $138,780 was sold by Blumofe Robert. MCCONNELL RICK M sold $1.35 million worth of Akamai Technologies, Inc. (NASDAQ:AKAM) on Wednesday, October 26. Another trade for 12,500 shares valued at $692,000 was made by Greenthal Jill A on Friday, August 26. Shares for $999,697 were bought by LEIGHTON F THOMSON on Monday, October 17. $1.22 million worth of Akamai Technologies, Inc. (NASDAQ:AKAM) was sold by SAGAN PAUL on Tuesday, June 14.

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 $11.33 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 37.05 P/E ratio. It is involved in offering content delivery network services.

AKAM Company Profile

Akamai Technologies, Inc., incorporated on August 20, 1998, is engaged in providing cloud services for delivering, optimizing and securing content and business applications over the Internet. The Company’s across the globe distributed platform comprises approximately 200,000 servers in over 1,400 networks in over 120 countries. It is involved in offering content delivery network (CDN) services. The Company’s services include the delivery of content, applications and software over the Internet, as well as mobile and security solutions, and enterprise professional services. The Company’s solutions include Performance and Security Solutions, Media Delivery Solutions, and Service and Support Solutions. Performance and Security Solutions are designed to help Websites and business applications operate while offering protection against security threats. Media Delivery Solutions are designed to enable enterprises to execute their digital media distribution strategies. Service and Support Solutions offer professional services and solutions.

More important recent Akamai Technologies, Inc. (NASDAQ:AKAM) news were published by: Fool.com which released: “Why Akamai Technologies, Inc. Gained 31% in October” on November 07, 2016, also Fool.com published article titled: “Why Akamai Technologies, Inc. Jumped 16% Today”, Profitconfidential.com published: “Akamai Technologies, Inc.: Why AKAM Stock Could Soar 30%” on October 18, 2016. More interesting news about Akamai Technologies, Inc. (NASDAQ:AKAM) was released by: Prnewswire.com and their article: “Akamai Reports Third Quarter 2016 Financial Results” with publication date: October 25, 2016.

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