Lombard Odier Asset Management Usa Corp Cut Holding in Akamai Technologies INC (AKAM) by $4.65 Million

February 15, 2018 - By marketbeat

Investors sentiment increased to 0.99 in Q3 2017. Its up 0.24, from 0.75 in 2017Q2. It increased, 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. Credit Agricole S A reported 214,286 shares stake. Daiwa Secs Gru holds 0% in Akamai Technologies, Inc. (NASDAQ:AKAM) or 5,183 shares. Victory Capital Management Inc invested 0% of its portfolio in Akamai Technologies, Inc. (NASDAQ:AKAM). Kings Point Cap has invested 0.01% in Akamai Technologies, Inc. (NASDAQ:AKAM). Ing Groep Nv reported 0.04% in Akamai Technologies, Inc. (NASDAQ:AKAM). Mufg Americas accumulated 655 shares or 0% of the stock. First Bank & Trust Of Omaha, a Nebraska-based fund reported 37,901 shares. Conning Inc has invested 0.01% in Akamai Technologies, Inc. (NASDAQ:AKAM). Fuller & Thaler Asset Management Inc has invested 0% of its portfolio in Akamai Technologies, Inc. (NASDAQ:AKAM). 30,896 are held by Utah Retirement System. First Republic Management invested in 34,271 shares or 0.01% of the stock. Texas Permanent School Fund has invested 0.03% of its portfolio in Akamai Technologies, Inc. (NASDAQ:AKAM). 5,698 were reported by Veritable L P. Bank & Trust Of Montreal Can holds 0.01% of its portfolio in Akamai Technologies, Inc. (NASDAQ:AKAM) for 209,576 shares. Gateway Invest Advisers Ltd Liability Co invested 0.02% of its portfolio in Akamai Technologies, Inc. (NASDAQ:AKAM).

Since October 2, 2017, it had 1 insider purchase, and 5 selling transactions for $3.86 million activity. On Monday, October 2 Wheaton William sold $498,100 worth of Akamai Technologies, Inc. (NASDAQ:AKAM) or 10,000 shares. On Friday, December 15 LEIGHTON F THOMSON bought $999,784 worth of Akamai Technologies, Inc. (NASDAQ:AKAM) or 17,537 shares.

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 $9.89M, 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 Take (NASDAQ:TTWO) by 100,000 shares to 200,000 shares, valued at $20.45 million in 2017Q3, according to the filing. It also increased its holding in Neophotonics Corp (NYSE:NPTN) by 1.23 million shares in the quarter, for a total of 1.48M shares, and has risen its stake in Netease Inc (NASDAQ:NTES).

More notable recent Akamai Technologies, Inc. (NASDAQ:AKAM) news were published by: Cnbc.com which released: “Akamai stock jumps after it beat on earnings and said it cut 5 percent of …” 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, Nasdaq.com published: “Akamai Technologies Reaches Analyst Target Price” on February 15, 2018. More interesting news about Akamai Technologies, Inc. (NASDAQ:AKAM) were released by: Nasdaq.com and their article: “Akamai Technologies Inc Profit Drops In Q4” published on February 06, 2018 as well as Seekingalpha.com‘s news article titled: “Akamai Technologies +5.3% after Q4 beats” with publication date: February 06, 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. KeyBanc Capital Markets maintained Akamai Technologies, Inc. (NASDAQ:AKAM) rating on Tuesday, February 6. KeyBanc Capital Markets has “Sell” rating and $57.0 target. The stock has “Market Outperform” rating by JMP Securities on Friday, August 28. The stock of Akamai Technologies, Inc. (NASDAQ:AKAM) earned “Buy” rating by Canaccord Genuity on Wednesday, July 29. The stock of Akamai Technologies, Inc. (NASDAQ:AKAM) earned “Underweight” rating by Morgan Stanley on Wednesday, July 26. The company was downgraded on Friday, November 20 by Goldman Sachs. Robert W. Baird downgraded Akamai Technologies, Inc. (NASDAQ:AKAM) rating on Friday, May 5. Robert W. Baird has “Neutral” rating and $55 target. The rating was upgraded by FBR Capital to “Mkt Perform” on Wednesday, October 26. The rating was upgraded by Wells Fargo on Friday, August 12 to “Outperform”. As per Wednesday, April 27, the company rating was downgraded by Craig Hallum. The firm has “Outperform” rating by Wells Fargo given on Wednesday, January 11.

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