Akamai Technologies, Inc. (NASDAQ:AKAM) insider William Wheaton sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $49.81, for a total value of $498,100.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Akamai Technologies, Inc. (AKAM) remained flat at $50.50 during trading on Wednesday. 1,373,249 shares of the company’s stock were exchanged. The stock has a market capitalization of $8.66 billion, a price-to-earnings ratio of 28.84 and a beta of 0.65. The company has a 50 day moving average price of $46.86 and a 200 day moving average price of $51.21. Akamai Technologies, Inc. has a 1-year low of $44.65 and a 1-year 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, topping the consensus estimate of $0.60 by $0.02. The company had revenue of $608.90 million for the quarter, compared to the consensus estimate of $604.51 million. Akamai Technologies had a return on equity of 10.97% and a net margin of 12.67%. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period last year, the firm 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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AKAM has been the subject of a number of analyst reports. B. Riley reaffirmed a “buy” rating and set a $66.00 price objective on shares of Akamai Technologies in a research report on Sunday, June 11th. Deutsche Bank AG reaffirmed a “buy” rating and set a $70.00 price objective (down previously from $73.00) on shares of Akamai Technologies in a research report on Monday, July 17th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $57.00 price objective on shares of Akamai Technologies in a research report on Wednesday, July 26th. BidaskClub lowered Akamai Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 19th. Finally, Vetr lowered Akamai Technologies from a “strong-buy” rating to a “buy” rating and set a $52.07 price objective for the company. in a research report on Wednesday, September 13th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $61.09.

Institutional investors and hedge funds have recently made changes to their positions in the business. Swiss National Bank grew its position in Akamai Technologies by 2.8% during the 2nd quarter. Swiss National Bank now owns 631,319 shares of the technology infrastructure company’s stock worth $31,446,000 after purchasing an additional 17,300 shares during the period. Two Sigma Securities LLC acquired a new stake in Akamai Technologies during the 1st quarter worth about $230,000. FIL Ltd grew its position in Akamai Technologies by 63.5% during the 2nd quarter. FIL Ltd now owns 1,859,231 shares of the technology infrastructure company’s stock worth $92,609,000 after purchasing an additional 722,170 shares during the period. Pinnacle Associates Ltd. grew its position in Akamai Technologies by 12.4% during the 2nd quarter. Pinnacle Associates Ltd. now owns 39,290 shares of the technology infrastructure company’s stock worth $1,957,000 after purchasing an additional 4,340 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in Akamai Technologies by 6.1% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 508,495 shares of the technology infrastructure company’s stock worth $25,328,000 after purchasing an additional 29,082 shares during the period. 84.49% of the stock is currently owned by institutional investors.

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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