Fidelity Big Q3 Buyer of Akamai Technologies (AKAM)

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Fidelity Big Q3 Buyer of Akamai Technologies (AKAM) Powered By Docstoc
					Robert DeFrancesco’s
TechStockProspector.com
November 16, 2012


Fidelity Builds Position in Akamai Technologies (AKAM)
NOW AVAILABLE: The November 2012 issue of Tech-Stock Prospector for your
Amazon Kindle or Kindle for iPad/iPhone reading app.

Here are some of the topics covered in the November 2012 issue:

*Winners emerge from Q3 earnings season
*LinkedIn gets bigger in the enterprise
*ServiceNow builds its customer base
*Imperva issues an upbeat 2013 outlook
*Beneficiaries of the telecom spending rebound
*Teradata sees a demand pause
*Jive Software regroups after stumble
*Behind Riverbed’s big acquisition of OPNET
*Flashy growth from Fusion-IO
*Sourcefire raises its revenue outlook yet again
*Fortinet and Palo Alto Networks battle it out
*Smartphone growth drives Skyworks
*Facebook finding traction in mobile ads
*Accelerating revenue growth at Akamai
*Cornerstone OnDemand takes HCM mobile
*Workday is ready to disrupt after its sizzling IPO

Order the November 2012 issue here:
http://www.amzn.com/B004T6Z0ME

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Fidelity must think Akamai Technologies (AKAM, $36.10), a provider of content
delivery and cloud infrastructure services, is on the right track because the mutual-
fund giant in Q3 boosted its position by 70%, adding 3.4 million shares.

Fidelity is now the #3 holder (8.27 million shares) of Akamai behind T. Rowe Price
(14.6 million shares) and Vanguard (10.3 million shares).

Other notable Q3 buyers of Akamai:

*Wellington Management opened a new position of 2.33 million shares
*Coatue Management bought 1.19 million shares (increasing its position by 32%)
and now owns 4.8 million shares. Coatue, which has 46% of its $5.7 billion in long
equity assets invested in the tech sector, is now the #7 holder of Akamai. The money
manager counts Akamai among its 10 largest holdings.

*Citadel Advisors bought 1.02 million shares and now owns 1.22 million shares

*Columbus Circle Investors opened a new position of 555,539 shares

For the three months ended September, Akamai experienced its fourth consecutive
quarter of accelerating revenue growth. Revenue of $345.3 million rose 23% year
over year (up from 19.6% growth in the second quarter), easily beating the
consensus estimate of $338.6 million. EPS of 43 cents topped the consensus by two
cents.

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Read the latest issue of Tech-Stock Prospector on your Amazon Kindle or Kindle for
iPad/iPhone reading app.

Here’s the Kindle link: http://www.amzn.com/B004T6Z0ME

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Tech-Stock Prospector Managing Editor Rob DeFrancesco has more than 20
years of experience covering the tech sector. He is a former senior writer with
Louis Rukeyser’s Wall Street.

TechStockProspector.com, launched in 2003, is an investment-research service
focused primarily on the networking, storage, security, wireless and software
sectors. Annual subscription: $350.

For more information or to place an order, call 800-392-0998.

				
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Description: Fidelity is now the #3 holder of Akamai shares