Vetr upgraded shares of Akamai Technologies (NASDAQ:AKAM) from a hold rating to a buy rating in a report published on Tuesday morning. The brokerage currently has $68.08 price target on the technology infrastructure company’s stock.

Several other research analysts have also weighed in on the company. KeyCorp lowered Akamai Technologies from a sector weight rating to an underweight rating and cut their target price for the stock from $66.32 to $51.00 in a research report on Thursday, January 11th. JPMorgan Chase & Co. reaffirmed a neutral rating and issued a $75.00 target price (up from $58.00) on shares of Akamai Technologies in a research report on Wednesday, January 10th. Zacks Investment Research lowered Akamai Technologies from a buy rating to a hold rating in a research report on Thursday, January 4th. Deutsche Bank reaffirmed a buy rating and issued a $75.00 target price on shares of Akamai Technologies in a research report on Wednesday, January 3rd. Finally, Morgan Stanley reaffirmed a sell rating and issued a $52.00 target price on shares of Akamai Technologies in a research report on Wednesday, December 27th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $63.84.

Shares of Akamai Technologies (AKAM) traded up $0.55 during trading on Tuesday, hitting $65.63. The company’s stock had a trading volume of 1,370,301 shares, compared to its average volume of 2,820,000. Akamai Technologies has a one year low of $44.65 and a one year high of $71.34. The stock has a market cap of $11,100.00, a price-to-earnings ratio of 39.30, a PEG ratio of 2.64 and a beta of 0.68. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.20.

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

In other news, insider Rick M. Mcconnell sold 3,966 shares of the firm’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $54.19, for a total transaction of $214,917.54. Following the completion of the sale, the insider now directly owns 39,753 shares in the company, valued at $2,154,215.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Rick M. Mcconnell sold 2,743 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $2,035,550. The disclosure for this sale can be found here. Insiders have sold 71,971 shares of company stock valued at $4,141,642 over the last 90 days. Insiders own 3.20% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Advisory Services Network LLC grew its stake in shares of Akamai Technologies by 9.0% during the second quarter. Advisory Services Network LLC now owns 2,025 shares of the technology infrastructure company’s stock valued at $101,000 after acquiring an additional 168 shares in the last quarter. Westwood Holdings Group Inc. acquired a new stake in shares of Akamai Technologies during the second quarter valued at about $117,000. BB&T Investment Services Inc. acquired a new stake in shares of Akamai Technologies during the second quarter valued at about $119,000. FTB Advisors Inc. grew its stake in shares of Akamai Technologies by 2.4% during the second quarter. FTB Advisors Inc. now owns 2,538 shares of the technology infrastructure company’s stock valued at $125,000 after acquiring an additional 59 shares in the last quarter. Finally, Griffin Asset Management Inc. acquired a new stake in shares of Akamai Technologies during the second quarter valued at about $209,000. Institutional investors own 86.36% 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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Akamai Technologies (NASDAQ:AKAM)

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