Akamai Technologies Inc. (NASDAQ:AKAM) CEO F Thomson Leighton bought 15,245 shares of the stock in a transaction that occurred on Tuesday, November 15th. The shares were purchased at an average price of $65.58 per share, for a total transaction of $999,767.10. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Monday, October 17th, F Thomson Leighton bought 18,276 shares of Akamai Technologies stock. The shares were purchased at an average price of $54.70 per share, for a total transaction of $999,697.20.
  • On Thursday, September 15th, F Thomson Leighton bought 19,468 shares of Akamai Technologies stock. The shares were purchased at an average price of $51.36 per share, for a total transaction of $999,876.48.

Shares of Akamai Technologies Inc. (NASDAQ:AKAM) opened at 66.60 on Friday. The firm’s 50-day moving average is $60.84 and its 200-day moving average is $55.17. The firm has a market cap of $11.54 billion, a P/E ratio of 37.82 and a beta of 0.94. Akamai Technologies Inc. has a 52-week low of $39.43 and a 52-week high of $71.04.

Akamai Technologies (NASDAQ:AKAM) last posted its earnings results on Tuesday, October 25th. The technology infrastructure company reported $0.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.07. The business earned $584.10 million during the quarter, compared to analyst estimates of $571.92 million. Akamai Technologies had a return on equity of 11.61% and a net margin of 13.59%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.62 EPS. Analysts anticipate that Akamai Technologies Inc. will post $2.66 earnings per share for the current year.

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

A number of equities analysts recently weighed in on the stock. B. Riley restated a “buy” rating and set a $75.00 target price on shares of Akamai Technologies in a report on Tuesday, November 1st. Cowen and Company restated a “market perform” rating on shares of Akamai Technologies in a report on Thursday, October 27th. Pacific Crest restated a “hold” rating on shares of Akamai Technologies in a report on Monday, November 7th. FBR & Co upgraded shares of Akamai Technologies from an “underperform” rating to a “market perform” rating and upped their price objective for the company from $42.00 to $55.00 in a report on Wednesday, October 26th. Finally, Royal Bank Of Canada upped their price objective on shares of Akamai Technologies from $59.00 to $67.00 and gave the company a “sector perform” rating in a report on Wednesday, October 26th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $62.97.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Exxonmobil Investment Management Inc. TX raised its position in Akamai Technologies by 5.6% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 45,452 shares of the technology infrastructure company’s stock worth $2,542,000 after buying an additional 2,418 shares during the last quarter. DNB Asset Management AS increased its stake in shares of Akamai Technologies by 4.0% in the second quarter. DNB Asset Management AS now owns 10,506 shares of the technology infrastructure company’s stock worth $588,000 after buying an additional 400 shares during the period. British Columbia Investment Management Corp increased its stake in shares of Akamai Technologies by 20.9% in the second quarter. British Columbia Investment Management Corp now owns 131,571 shares of the technology infrastructure company’s stock worth $7,359,000 after buying an additional 22,752 shares during the period. Howland Capital Management LLC increased its stake in shares of Akamai Technologies by 1.1% in the second quarter. Howland Capital Management LLC now owns 250,123 shares of the technology infrastructure company’s stock worth $13,989,000 after buying an additional 2,705 shares during the period. Finally, BlueMountain Capital Management LLC increased its stake in shares of Akamai Technologies by 424.8% in the first quarter. BlueMountain Capital Management LLC now owns 11,173 shares of the technology infrastructure company’s stock worth $621,000 after buying an additional 9,044 shares during the period. 90.14% of the stock is owned by institutional investors and hedge funds.

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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