Akamai Technologies, Inc. (NASDAQ:AKAM) has been assigned an average recommendation of “Hold” from the twenty-five ratings firms that are presently covering the company. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $65.29.

Several analysts recently commented on the company. B. Riley reiterated a “buy” rating and issued a $66.00 target price on shares of Akamai Technologies in a report on Wednesday, May 3rd. Robert W. Baird cut Akamai Technologies from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $60.00 to $55.00 in a report on Monday, May 15th. SunTrust Banks, Inc. cut Akamai Technologies from a “buy” rating to a “hold” rating and increased their price target for the stock from $54.00 to $82.00 in a report on Wednesday, May 3rd. JMP Securities restated an “outperform” rating and set a $75.00 price target (down from $77.00) on shares of Akamai Technologies in a report on Thursday, May 4th. Finally, DA Davidson cut Akamai Technologies from a “buy” rating to a “neutral” rating and set a $57.00 price target on the stock. in a report on Wednesday, May 3rd.

In other news, CFO James M. Benson sold 33,243 shares of Akamai Technologies stock in a transaction that occurred on Friday, March 17th. The stock was sold at an average price of $65.00, for a total value of $2,160,795.00. Following the sale, the chief financial officer now directly owns 49,614 shares in the company, valued at approximately $3,224,910. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Melanie Haratunian sold 2,591 shares of Akamai Technologies stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $62.80, for a total value of $162,714.80. Following the completion of the sale, the executive vice president now owns 80,785 shares in the company, valued at $5,073,298. The disclosure for this sale can be found here. Over the last quarter, insiders sold 121,999 shares of company stock worth $7,813,255. Corporate insiders own 2.70% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Capital World Investors raised its stake in Akamai Technologies by 27.7% in the third quarter. Capital World Investors now owns 19,185,671 shares of the technology infrastructure company’s stock valued at $1,016,649,000 after buying an additional 4,156,976 shares in the last quarter. Vanguard Group Inc. raised its stake in Akamai Technologies by 3.0% in the first quarter. Vanguard Group Inc. now owns 16,138,401 shares of the technology infrastructure company’s stock valued at $963,462,000 after buying an additional 476,166 shares in the last quarter. First Trust Advisors LP raised its stake in Akamai Technologies by 19.6% in the first quarter. First Trust Advisors LP now owns 3,420,437 shares of the technology infrastructure company’s stock valued at $204,200,000 after buying an additional 560,932 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Akamai Technologies by 29.7% in the first quarter. Ameriprise Financial Inc. now owns 3,405,774 shares of the technology infrastructure company’s stock valued at $203,324,000 after buying an additional 780,019 shares in the last quarter. Finally, Blue Harbour Group L.P. raised its stake in Akamai Technologies by 15.4% in the first quarter. Blue Harbour Group L.P. now owns 2,855,493 shares of the technology infrastructure company’s stock valued at $170,473,000 after buying an additional 381,300 shares in the last quarter. Institutional investors own 91.07% of the company’s stock.

Shares of Akamai Technologies (NASDAQ:AKAM) traded up 0.9078% on Monday, hitting $47.8101. 189,534 shares of the stock traded hands. The stock has a market cap of $8.27 billion, a PE ratio of 26.1257 and a beta of 0.95. The stock has a 50 day moving average of $56.12 and a 200-day moving average of $63.54. Akamai Technologies has a 1-year low of $46.90 and a 1-year high of $71.64.

Akamai Technologies (NASDAQ:AKAM) last announced its earnings results on Tuesday, May 2nd. The technology infrastructure company reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.01. Akamai Technologies had a return on equity of 11.45% and a net margin of 13.51%. The business had revenue of $609.24 million for the quarter, compared to analysts’ expectations of $604.94 million. On average, equities research analysts expect that Akamai Technologies will post $2.56 EPS for the current year.

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About Akamai Technologies

Akamai Technologies, Inc is engaged in providing cloud services for delivering, optimizing and securing content and business applications over the Internet. The Company is involved in offering content delivery network (CDN) services. Its services include the delivery of content, applications and software over the Internet, as well as mobile and security solutions.

12 Month Chart for NASDAQ:AKAM

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