Akamai Technologies, Inc. (NASDAQ:AKAM) CEO F Thomson Leighton purchased 21,554 shares of Akamai Technologies stock in a transaction on Tuesday, August 15th. The shares were acquired at an average cost of $46.91 per share, with a total value of $1,011,098.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

F Thomson Leighton also recently made the following trade(s):

  • On Friday, July 14th, F Thomson Leighton purchased 19,817 shares of Akamai Technologies stock. The shares were acquired at an average cost of $50.45 per share, with a total value of $999,767.65.
  • On Thursday, June 15th, F Thomson Leighton purchased 20,397 shares of Akamai Technologies stock. The shares were acquired at an average cost of $49.02 per share, with a total value of $999,860.94.
  • On Wednesday, May 31st, F Thomson Leighton purchased 21,196 shares of Akamai Technologies stock. The shares were acquired at an average cost of $47.17 per share, with a total value of $999,815.32.

Shares of Akamai Technologies, Inc. (NASDAQ:AKAM) traded down 0.11% during midday trading on Wednesday, reaching $46.29. 1,722,707 shares of the company’s stock traded hands. The stock’s 50 day moving average is $49.17 and its 200-day moving average is $55.62. The company has a market capitalization of $7.94 billion, a PE ratio of 26.44 and a beta of 0.66. Akamai Technologies, Inc. has a 52 week low of $45.41 and a 52 week high of $71.64.

Akamai Technologies (NASDAQ:AKAM) last announced its quarterly earnings results on Tuesday, July 25th. The technology infrastructure company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. Akamai Technologies had a return on equity of 10.97% and a net margin of 12.67%. The business had revenue of $608.90 million during the quarter, compared to analysts’ expectations of $604.51 million. During the same quarter last year, the business posted $0.64 earnings per share. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, analysts forecast that Akamai Technologies, Inc. will post $2.52 earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. DnB Asset Management AS boosted its position in shares of Akamai Technologies by 14.0% in the first quarter. DnB Asset Management AS now owns 13,006 shares of the technology infrastructure company’s stock worth $776,000 after buying an additional 1,600 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Akamai Technologies by 85.3% in the first quarter. Bank of Montreal Can now owns 126,646 shares of the technology infrastructure company’s stock worth $7,561,000 after buying an additional 58,293 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Akamai Technologies by 17.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,916 shares of the technology infrastructure company’s stock worth $831,000 after buying an additional 2,076 shares in the last quarter. Two Sigma Securities LLC purchased a new position in shares of Akamai Technologies during the first quarter worth $230,000. Finally, Comerica Securities Inc. purchased a new position in shares of Akamai Technologies during the first quarter worth $321,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

AKAM has been the subject of a number of recent research reports. Morgan Stanley lowered shares of Akamai Technologies from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $68.00 to $54.00 in a research report on Thursday, April 27th. Goldman Sachs Group, Inc. (The) reissued a “sell” rating and set a $46.00 price target (down from $52.00) on shares of Akamai Technologies in a research report on Friday, June 30th. Guggenheim lowered shares of Akamai Technologies from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $70.00 to $60.00 in a research report on Wednesday, May 3rd. Robert W. Baird lowered shares of Akamai Technologies from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $60.00 to $55.00 in a research report on Friday, May 5th. Finally, Deutsche Bank AG reissued a “buy” rating and set a $73.00 price target (down from $80.00) on shares of Akamai Technologies in a research report on Wednesday, May 3rd. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $62.76.

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.

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

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