Akamai Technologies, Inc. (NASDAQ:AKAM) Director Frederic V. Salerno bought 5,000 shares of Akamai Technologies stock in a transaction that occurred on Thursday, July 27th. The stock was bought at an average price of $46.83 per share, with a total value of $234,150.00. Following the purchase, the director now owns 62,192 shares of the company’s stock, valued at approximately $2,912,451.36. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Akamai Technologies, Inc. (NASDAQ:AKAM) traded up 1.14% during trading on Thursday, reaching $46.01. 4,617,802 shares of the company’s stock were exchanged. The stock has a market cap of $7.95 billion, a PE ratio of 25.14 and a beta of 0.67. The stock’s 50 day moving average price is $50.12 and its 200-day moving average price is $57.86. Akamai Technologies, Inc. has a 52-week low of $45.41 and a 52-week high of $71.64.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings data on Tuesday, July 25th. The technology infrastructure company reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.02. The business had revenue of $608.90 million during the quarter, compared to analysts’ expectations of $604.51 million. Akamai Technologies had a net margin of 12.67% and a return on equity of 11.03%. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.64 EPS. On average, equities research analysts forecast that Akamai Technologies, Inc. will post $2.52 EPS for the current year.

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A number of institutional investors have recently made changes to their positions in the stock. Cleararc Capital Inc. boosted its position in shares of Akamai Technologies by 0.9% in the first quarter. Cleararc Capital Inc. now owns 4,248 shares of the technology infrastructure company’s stock valued at $254,000 after buying an additional 37 shares during the period. Advantus Capital Management Inc boosted its position in shares of Akamai Technologies by 0.4% in the first quarter. Advantus Capital Management Inc now owns 17,334 shares of the technology infrastructure company’s stock valued at $1,035,000 after buying an additional 75 shares during the period. Trust Co boosted its position in shares of Akamai Technologies by 2.1% in the first quarter. Trust Co now owns 4,447 shares of the technology infrastructure company’s stock valued at $266,000 after buying an additional 90 shares during the period. Mn Services Vermogensbeheer B.V. boosted its position in shares of Akamai Technologies by 2.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,622 shares of the technology infrastructure company’s stock valued at $258,000 after buying an additional 99 shares during the period. Finally, Utah Retirement Systems boosted its position in shares of Akamai Technologies by 0.3% in the first quarter. Utah Retirement Systems now owns 31,496 shares of the technology infrastructure company’s stock valued at $1,880,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 87.15% of the company’s stock.

Several equities research analysts recently weighed in on AKAM shares. Zacks Investment Research cut shares of Akamai Technologies from a “hold” rating to a “strong sell” rating in a research note on Monday, May 8th. Stifel Nicolaus reiterated a “hold” rating and issued a $58.00 target price (down previously from $62.00) on shares of Akamai Technologies in a research note on Wednesday, May 3rd. Morgan Stanley lowered shares of Akamai Technologies from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $68.00 to $54.00 in a research report on Thursday, April 27th. TheStreet lowered shares of Akamai Technologies from a “b-” rating to a “c” rating in a research report on Wednesday, May 31st. Finally, Robert W. Baird lowered shares of Akamai Technologies from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $60.00 to $55.00 in a research report on Friday, May 5th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $63.07.

Akamai Technologies Company Profile

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.

Insider Buying and Selling by Quarter for Akamai Technologies (NASDAQ:AKAM)

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