Akamai Technologies, Inc. (NASDAQ:AKAM) was in 19 hedge funds’ portfolio at the end of December. AKAM investors should be aware of a decrease in enthusiasm from smart money in recent months. There were 27 hedge funds in our database with AKAM positions at the end of the previous quarter.
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Now, we’re going to take a gander at the latest action regarding Akamai Technologies, Inc. (NASDAQ:AKAM).
Hedge fund activity in Akamai Technologies, Inc. (NASDAQ:AKAM)
Heading into 2013, a total of 19 of the hedge funds we track held long positions in this stock, a change of -30% from the previous quarter. With hedge funds’ positions undergoing their usual ebb and flow, there exists an “upper tier” of noteworthy hedge fund managers who were boosting their stakes meaningfully.
When looking at the hedgies we track, Philippe Laffont’s Coatue Management had the most valuable position in Akamai Technologies, Inc. (NASDAQ:AKAM), worth close to $135 million, accounting for 2.2% of its total 13F portfolio. The second largest stake is held by Brookside Capital, managed by Bain Capital, which held a $130 million position; 1.6% of its 13F portfolio is allocated to the stock. Other hedgies that are bullish include Donald Chiboucis’s Columbus Circle Investors, Panayotis æTakisÆ Sparaggis’s Alkeon Capital Management and Christopher Lord’s Criterion Capital.
Seeing as Akamai Technologies, Inc. (NASDAQ:AKAM) has faced bearish sentiment from hedge fund managers, logic holds that there lies a certain “tier” of hedgies who were dropping their full holdings in Q4. Interestingly, Peter J. Eichler Jr.’s Aletheia Research and Management said goodbye to the biggest stake of all the hedgies we key on, worth an estimated $14 million in stock.. Dmitry Balyasny’s fund, Balyasny Asset Management, also said goodbye to its stock, about $5 million worth. These transactions are important to note, as aggregate hedge fund interest fell by 8 funds in Q4.
Insider trading activity in Akamai Technologies, Inc. (NASDAQ:AKAM)
Insider buying is best served when the company in question has seen transactions within the past 180 days. Over the latest half-year time period, Akamai Technologies, Inc. (NASDAQ:AKAM) has experienced 2 unique insiders purchasing, and 5 insider sales (see the details of insider trades here).
With the results exhibited by Insider Monkey’s time-tested strategies, everyday investors must always monitor hedge fund and insider trading activity, and Akamai Technologies, Inc. (NASDAQ:AKAM) shareholders fit into this picture quite nicely.
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