Akamai Technologies (NASDAQ:AKAM)‘s stock had its “hold” rating reissued by 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’ price target would suggest a potential upside of 7.58% from the stock’s current price.

Several other equities analysts have also recently commented on AKAM. MKM Partners raised their target price on shares of Akamai Technologies to $65.00 and gave the company a “buy” rating in a research note on Friday, December 1st. Piper Jaffray Companies reissued a “buy” rating and set a $59.00 target price on shares of Akamai Technologies in a research note on Monday. Guggenheim raised shares of Akamai Technologies from a “neutral” rating to a “buy” rating and raised their target price for the company from $53.00 to $54.00 in a research note on Monday, October 2nd. B. Riley restated a “buy” rating and set a $70.00 price objective (up previously from $60.00) on shares of Akamai Technologies in a research report on Wednesday, October 25th. Finally, BidaskClub lowered shares of Akamai Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 19th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the stock. Akamai Technologies presently has a consensus rating of “Hold” and a consensus target price of $59.59.

Akamai Technologies (NASDAQ AKAM) traded down $0.67 during mid-day trading on Thursday, hitting $55.77. 1,727,300 shares of the company were exchanged, 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. Akamai Technologies has a 1-year low of $44.65 and a 1-year high of $71.64. The firm has a market cap of $9,546.92, a PE ratio of 29.40, a PEG ratio of 2.23 and a beta of 0.68.

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

In other news, insider Rick M. Mcconnell sold 2,743 shares of the firm’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 sale, the insider now owns 37,010 shares in the company, valued at $2,035,550. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO F Thomson Leighton acquired 18,545 shares of the stock in a transaction dated Wednesday, November 15th. The stock was bought at an average price of $53.91 per share, for a total transaction of $999,760.95. Following the purchase, the chief executive officer now owns 226,950 shares of the company’s stock, valued at approximately $12,234,874.50. The disclosure for this purchase can be found here. In the last three months, insiders sold 31,181 shares of company stock worth $1,614,560. Insiders own 3.20% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Akamai Technologies by 2.6% during the second quarter. Vanguard Group Inc. now owns 16,562,553 shares of the technology infrastructure company’s stock worth $824,981,000 after buying an additional 424,152 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Akamai Technologies by 2.3% in the third 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 during the last quarter. Fairpointe Capital LLC raised its holdings in shares of Akamai Technologies by 44.0% in the second 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 during the last quarter. King Luther Capital Management Corp raised 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 worth $115,601,000 after purchasing an additional 269,793 shares during the last quarter. Finally, Thrivent Financial For Lutherans raised 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 worth $95,080,000 after purchasing an additional 867,795 shares during the last quarter. Institutional investors and hedge funds own 86.57% 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.

Analyst Recommendations for Akamai Technologies (NASDAQ:AKAM)

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