Insider Buying: Akamai Technologies, Inc. (AKAM) CEO Acquires 17,537 Shares of Stock

Akamai Technologies, Inc. (NASDAQ:AKAM) CEO F Thomson Leighton purchased 17,537 shares of the stock in a transaction on Friday, December 15th. The shares were purchased at an average price of $57.01 per share, with a total value of $999,784.37. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

  • On Wednesday, November 15th, F Thomson Leighton purchased 18,545 shares of Akamai Technologies stock. The shares were purchased at an average price of $53.91 per share, with a total value of $999,760.95.
  • On Monday, October 16th, F Thomson Leighton purchased 19,670 shares of Akamai Technologies stock. The shares were purchased at an average price of $50.83 per share, with a total value of $999,826.10.

Akamai Technologies, Inc. (AKAM) traded up $1.00 during midday trading on Friday, hitting $57.76. The stock had a trading volume of 10,513,663 shares, compared to its average volume of 2,176,480. The company has a market cap of $9,584.14, a PE ratio of 29.51, a price-to-earnings-growth ratio of 2.24 and a beta of 0.68. Akamai Technologies, Inc. has a 12 month low of $44.65 and a 12 month high of $71.64. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.20.

Akamai Technologies (NASDAQ:AKAM) last released its earnings results on Tuesday, October 24th. The technology infrastructure company reported $0.62 EPS for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.03. The company had revenue of $621.00 million for the quarter, compared to analysts’ expectations of $610.66 million. Akamai Technologies had a return on equity of 10.28% and a net margin of 11.84%. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.68 EPS. equities research analysts forecast that Akamai Technologies, Inc. will post 1.89 earnings per share for the current fiscal year.

AKAM has been the subject of several recent analyst reports. SunTrust Banks reaffirmed a “hold” rating and set a $60.00 price objective on shares of Akamai Technologies in a research report on Thursday, December 7th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $59.00 price objective on shares of Akamai Technologies in a research report on Monday, December 4th. MKM Partners raised their price objective on shares of Akamai Technologies to $65.00 and gave the stock a “buy” rating in a research report on Friday, December 1st. TheStreet raised shares of Akamai Technologies from a “c” rating to a “b-” rating in a research report on Tuesday, November 14th. Finally, Zacks Investment Research raised shares of Akamai Technologies from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $59.59.

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Akamai Technologies by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 16,562,553 shares of the technology infrastructure company’s stock valued at $824,981,000 after acquiring an additional 424,152 shares during the period. First Trust Advisors LP grew its holdings in Akamai Technologies by 2.3% during the 3rd quarter. First Trust Advisors LP now owns 4,959,149 shares of the technology infrastructure company’s stock valued at $241,610,000 after buying an additional 109,826 shares in the last quarter. Fairpointe Capital LLC grew its holdings in Akamai Technologies by 44.0% during the 2nd quarter. Fairpointe Capital LLC now owns 3,212,227 shares of the technology infrastructure company’s stock valued at $160,001,000 after buying an additional 981,069 shares in the last quarter. King Luther Capital Management Corp grew its holdings in Akamai Technologies by 13.2% during the 2nd quarter. King Luther Capital Management Corp now owns 2,320,833 shares of the technology infrastructure company’s stock valued at $115,601,000 after buying an additional 269,793 shares in the last quarter. Finally, Thrivent Financial For Lutherans grew its holdings in Akamai Technologies by 83.4% during the 2nd quarter. Thrivent Financial For Lutherans now owns 1,908,864 shares of the technology infrastructure company’s stock valued at $95,080,000 after buying an additional 867,795 shares in the last quarter. Institutional investors and hedge funds own 86.56% of the company’s stock.

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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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