Akamai Technologies (NASDAQ:AKAM)‘s stock had its “hold” rating reiterated by analysts at SunTrust Banks in a research report issued to clients and investors on Thursday. They currently have a $60.00 price target on the technology infrastructure company’s stock. SunTrust Banks’ target price suggests a potential upside of 7.58% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. TheStreet upgraded Akamai Technologies from a “c” rating to a “b-” rating in a report on Tuesday, November 14th. Vetr upgraded Akamai Technologies from a “buy” rating to a “strong-buy” rating and set a $52.07 price objective for the company in a report on Wednesday, September 6th. Instinet restated a “neutral” rating and set a $47.00 price objective (down previously from $48.00) on shares of Akamai Technologies in a report on Tuesday, September 5th. Wells Fargo & Company set a $57.00 price objective on Akamai Technologies and gave the company a “hold” rating in a report on Tuesday, October 10th. Finally, Zacks Investment Research downgraded Akamai Technologies from a “hold” rating to a “sell” rating in a report on Monday, October 16th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the company. Akamai Technologies has an average rating of “Hold” and a consensus price target of $59.59.

Akamai Technologies (NASDAQ:AKAM) traded down $0.67 during trading on Thursday, hitting $55.77. The company had a trading volume of 1,727,300 shares, compared to its average volume of 2,183,357. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.01 and a current ratio of 3.01. The firm has a market capitalization of $9,546.92, a price-to-earnings ratio of 29.40, a P/E/G ratio of 2.23 and a beta of 0.68. Akamai Technologies has a one year low of $44.65 and a one year high of $71.64.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings results on Tuesday, October 24th. The technology infrastructure company reported $0.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.03. Akamai Technologies had a return on equity of 10.28% and a net margin of 11.84%. The firm had revenue of $621.00 million for the quarter, compared to analyst estimates of $610.66 million. During the same period in the previous year, the firm earned $0.68 earnings per share. The company’s revenue was up 6.3% compared to the same quarter last year. analysts predict that Akamai Technologies will post 1.89 EPS for the current year.

In other Akamai Technologies news, CEO F Thomson Leighton acquired 19,670 shares of Akamai Technologies stock in a transaction on Monday, October 16th. The stock was purchased at an average price of $50.83 per share, for a total transaction of $999,826.10. Following the purchase, the chief executive officer now directly owns 226,950 shares of the company’s stock, valued at $11,535,868.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Rick M. Mcconnell sold 2,743 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $55.00, for a total value of $150,865.00. Following the transaction, the insider now directly owns 37,010 shares in the company, valued at approximately $2,035,550. The disclosure for this sale can be found here. Insiders sold a total of 31,181 shares of company stock valued at $1,614,560 in the last 90 days. Corporate insiders own 3.20% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Cadence Capital Management LLC lifted its position in shares of Akamai Technologies by 0.6% during the 2nd quarter. Cadence Capital Management LLC now owns 4,733 shares of the technology infrastructure company’s stock valued at $236,000 after buying an additional 30 shares during the last quarter. FTB Advisors Inc. lifted its position in shares of Akamai Technologies by 2.4% during the 2nd quarter. FTB Advisors Inc. now owns 2,538 shares of the technology infrastructure company’s stock valued at $125,000 after buying an additional 59 shares during the last quarter. Louisiana State Employees Retirement System lifted its position in shares of Akamai Technologies by 0.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 10,700 shares of the technology infrastructure company’s stock valued at $533,000 after buying an additional 100 shares during the last quarter. Advisory Services Network LLC lifted its position in shares of Akamai Technologies by 9.0% during the 2nd quarter. Advisory Services Network LLC now owns 2,025 shares of the technology infrastructure company’s stock valued at $101,000 after buying an additional 168 shares during the last quarter. Finally, Opes Advisors Inc lifted its position in shares of Akamai Technologies by 5.1% during the 2nd quarter. Opes Advisors Inc now owns 5,509 shares of the technology infrastructure company’s stock valued at $253,000 after buying an additional 267 shares during the last quarter. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: “Akamai Technologies (AKAM) Rating Reiterated by SunTrust Banks” was originally posted by American Banking News and is the property of of American Banking News. If you are viewing this piece on another site, it was illegally copied and republished in violation of United States and international copyright & trademark law. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2017/12/07/akamai-technologies-akam-rating-reiterated-by-suntrust-banks.html.

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.

Analyst Recommendations for Akamai Technologies (NASDAQ:AKAM)

Receive News & Ratings for Akamai Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Akamai Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.