Shares of Akamai Technologies, Inc. (NASDAQ:AKAM) have been given an average recommendation of “Hold” by the twenty-seven brokerages that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and ten have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $63.56.

AKAM has been the topic of several recent analyst reports. Zacks Investment Research cut shares of Akamai Technologies from a “hold” rating to a “strong sell” rating in a research note on Monday, May 8th. Stifel Nicolaus reiterated a “hold” rating and issued a $58.00 target price (down from $62.00) on shares of Akamai Technologies in a research note on Wednesday, May 3rd. Morgan Stanley cut shares of Akamai Technologies from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $68.00 to $54.00 in a research note on Thursday, April 27th. Royal Bank of Canada reiterated a “hold” rating and issued a $65.00 target price on shares of Akamai Technologies in a research note on Friday, March 31st. Finally, Robert W. Baird cut shares of Akamai Technologies from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $60.00 to $55.00 in a research note on Friday, May 5th.

In other Akamai Technologies news, CEO F Thomson Leighton acquired 21,196 shares of the company’s stock in a transaction that occurred on Wednesday, May 31st. The shares were acquired at an average price of $47.17 per share, with a total value of $999,815.32. Following the completion of the purchase, the chief executive officer now directly owns 227,057 shares of the company’s stock, valued at approximately $10,710,278.69. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul Sagan sold 18,667 shares of the business’s stock in a transaction dated Tuesday, March 21st. The stock was sold at an average price of $64.66, for a total transaction of $1,207,008.22. Following the sale, the director now directly owns 60,489 shares in the company, valued at approximately $3,911,218.74. The disclosure for this sale can be found here. Insiders have sold a total of 55,222 shares of company stock worth $3,189,678 in the last ninety days. Insiders own 3.20% of the company’s stock.

A number of large investors have recently bought and sold shares of the company. Cleararc Capital Inc. raised its stake in Akamai Technologies by 0.9% in the first quarter. Cleararc Capital Inc. now owns 4,248 shares of the technology infrastructure company’s stock valued at $254,000 after buying an additional 37 shares during the last quarter. Advantus Capital Management Inc boosted its position in shares of Akamai Technologies by 0.4% in the first quarter. Advantus Capital Management Inc now owns 17,334 shares of the technology infrastructure company’s stock valued at $1,035,000 after buying an additional 75 shares during the period. Mn Services Vermogensbeheer B.V. boosted its position in shares of Akamai Technologies by 2.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,622 shares of the technology infrastructure company’s stock valued at $258,000 after buying an additional 99 shares during the period. Utah Retirement Systems boosted its position in shares of Akamai Technologies by 0.3% in the first quarter. Utah Retirement Systems now owns 31,496 shares of the technology infrastructure company’s stock valued at $1,880,000 after buying an additional 100 shares during the period. Finally, Clarius Group LLC boosted its position in shares of Akamai Technologies by 2.2% in the first quarter. Clarius Group LLC now owns 5,235 shares of the technology infrastructure company’s stock valued at $313,000 after buying an additional 113 shares during the period. 87.90% of the stock is currently owned by institutional investors and hedge funds.

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Akamai Technologies (NASDAQ AKAM) traded up 0.63% during trading on Monday, reaching $49.50. The company had a trading volume of 5,036,206 shares. Akamai Technologies has a one year low of $46.81 and a one year high of $71.64. The company has a market capitalization of $8.56 billion, a price-to-earnings ratio of 27.05 and a beta of 0.71. The company has a 50-day moving average price of $50.08 and a 200 day moving average price of $61.06.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings data on Tuesday, May 2nd. The technology infrastructure company reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.01. The company had revenue of $609.24 million during the quarter, compared to the consensus estimate of $604.94 million. Akamai Technologies had a net margin of 13.53% and a return on equity of 11.31%. Analysts expect that Akamai Technologies will post $2.56 earnings per share for the current year.

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.

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