Akamai Technologies Inc. (NASDAQ:AKAM) CEO F Thomson Leighton bought 18,276 shares of the stock in a transaction on Monday, October 17th. The shares were bought at an average price of $54.70 per share, for a total transaction of $999,697.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

  • On Thursday, September 15th, F Thomson Leighton acquired 19,468 shares of Akamai Technologies stock. The stock was acquired at an average price of $51.36 per share, for a total transaction of $999,876.48.
  • On Monday, August 15th, F Thomson Leighton acquired 19,003 shares of Akamai Technologies stock. The stock was acquired at an average price of $52.61 per share, for a total transaction of $999,747.83.

Shares of Akamai Technologies Inc. (NASDAQ:AKAM) opened at 55.92 on Wednesday. The company has a market capitalization of $9.77 billion, a P/E ratio of 30.69 and a beta of 1.49. The stock’s 50 day moving average price is $53.56 and its 200 day moving average price is $53.21. Akamai Technologies Inc. has a 52-week low of $39.43 and a 52-week high of $76.39.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings results on Tuesday, July 26th. The technology infrastructure company reported $0.64 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.64. Akamai Technologies had a return on equity of 11.82% and a net margin of 14.31%. The firm earned $572 million during the quarter, compared to analysts’ expectations of $574.86 million. During the same period in the previous year, the business earned $0.57 earnings per share. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. On average, equities research analysts forecast that Akamai Technologies Inc. will post $2.57 earnings per share for the current fiscal year.

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

Several hedge funds have recently modified their holdings of the company. Legal & General Group Plc boosted its stake in shares of Akamai Technologies by 4.0% in the first quarter. Legal & General Group Plc now owns 732,506 shares of the technology infrastructure company’s stock valued at $40,704,000 after buying an additional 27,866 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Akamai Technologies by 9.0% in the first quarter. Renaissance Technologies LLC now owns 766,900 shares of the technology infrastructure company’s stock valued at $42,617,000 after buying an additional 63,600 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Akamai Technologies by 2.0% in the first quarter. Geode Capital Management LLC now owns 1,470,277 shares of the technology infrastructure company’s stock valued at $81,542,000 after buying an additional 29,369 shares during the last quarter. PGGM Investments purchased a new stake in shares of Akamai Technologies during the second quarter valued at approximately $30,442,000. Finally, North Star Asset Management Inc. boosted its stake in shares of Akamai Technologies by 10.4% in the second quarter. North Star Asset Management Inc. now owns 182,013 shares of the technology infrastructure company’s stock valued at $10,180,000 after buying an additional 17,131 shares during the last quarter. Hedge funds and other institutional investors own 89.89% of the company’s stock.

Several equities analysts have recently weighed in on AKAM shares. SunTrust Banks Inc. started coverage on shares of Akamai Technologies in a research note on Thursday, July 21st. They issued a “buy” rating and a $66.00 price objective on the stock. Zacks Investment Research cut shares of Akamai Technologies from a “hold” rating to a “sell” rating in a research note on Friday, July 29th. FBR & Co lowered their price objective on shares of Akamai Technologies from $43.00 to $42.00 and set an “underperform” rating on the stock in a research note on Wednesday, July 27th. Goldman Sachs Group Inc. increased their price objective on shares of Akamai Technologies from $43.00 to $47.00 and gave the stock a “sell” rating in a research note on Wednesday, July 27th. Finally, KeyCorp cut shares of Akamai Technologies to an “overweight” rating in a research note on Wednesday, July 27th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $61.50.

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’s across the globe distributed platform comprises approximately 200,000 servers in over 1,400 networks in over 120 countries. It is involved in offering content delivery network (CDN) services.

5 Day Chart for NASDAQ:AKAM

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