Fintel reports that on July 8, 2024, Scotiabank initiated coverage of Akamai Technologies (WBAG:AKAM) with a Sector Outperform recommendation.
What is the Fund Sentiment?
There are 1,448 funds or institutions reporting positions in Akamai Technologies. This is an decrease of 2 owner(s) or 0.14% in the last quarter. Average portfolio weight of all funds dedicated to AKAM is 0.20%, an increase of 15.56%. Total shares owned by institutions decreased in the last three months by 1.59% to 148,989K shares.
What are Other Shareholders Doing?
Jpmorgan Chase holds 4,913K shares representing 3.23% ownership of the company. In its prior filing, the firm reported owning 2,044K shares , representing an increase of 58.40%. The firm decreased its portfolio allocation in AKAM by 78.33% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 4,739K shares representing 3.11% ownership of the company. In its prior filing, the firm reported owning 4,727K shares , representing an increase of 0.26%. The firm decreased its portfolio allocation in AKAM by 16.00% over the last quarter.
Bank Of America holds 4,323K shares representing 2.84% ownership of the company. In its prior filing, the firm reported owning 3,919K shares , representing an increase of 9.34%. The firm decreased its portfolio allocation in AKAM by 75.85% over the last quarter.
First Trust Advisors holds 3,925K shares representing 2.58% ownership of the company. In its prior filing, the firm reported owning 3,230K shares , representing an increase of 17.73%. The firm increased its portfolio allocation in AKAM by 3.76% over the last quarter.
Geode Capital Management holds 3,866K shares representing 2.54% ownership of the company. In its prior filing, the firm reported owning 3,724K shares , representing an increase of 3.68%. The firm decreased its portfolio allocation in AKAM by 15.65% over the last quarter.
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This story originally appeared on Fintel.
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