Akamai Technologies (NASDAQ:AKAM) had its price objective upped by MKM Partners to $65.00 in a research report report published on Friday. MKM Partners currently has a buy rating on the technology infrastructure company’s stock.

Several other equities analysts have also recently weighed in on AKAM. BidaskClub cut shares of Akamai Technologies from a strong-buy rating to a buy rating in a research note on Saturday, August 19th. Robert W. Baird reaffirmed a hold rating and set a $52.00 price objective on shares of Akamai Technologies in a research report on Friday, September 1st. Credit Suisse Group began coverage on shares of Akamai Technologies in a research report on Tuesday, September 5th. They set a neutral rating and a $50.00 price objective for the company. Instinet reaffirmed a neutral rating and set a $47.00 price objective (down from $48.00) on shares of Akamai Technologies in a research report on Tuesday, September 5th. Finally, Nomura reduced their price objective on shares of Akamai Technologies from $48.00 to $47.00 and set a neutral rating for the company in a research report on Tuesday, September 5th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $60.59.

Akamai Technologies (AKAM) opened at $56.44 on Friday. Akamai Technologies has a 52 week low of $44.65 and a 52 week high of $71.64. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.20. The firm has a market cap of $9,600.00, a price-to-earnings ratio of 29.06, a P/E/G ratio of 2.21 and a beta of 0.68.

Akamai Technologies (NASDAQ:AKAM) last released its earnings results on Tuesday, October 24th. The technology infrastructure company reported $0.62 earnings per share for the quarter, beating the 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 during the quarter, compared to analysts’ expectations of $610.66 million. During the same period last year, the business earned $0.68 earnings per share. The firm’s revenue was up 6.3% on a year-over-year basis. research analysts anticipate that Akamai Technologies will post 1.89 EPS for the current fiscal year.

In other news, EVP Robert Blumofe sold 4,000 shares of the business’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $53.11, for a total value of $212,440.00. Following the completion of the sale, the executive vice president now owns 22,364 shares of the company’s stock, valued at $1,187,752.04. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider William Wheaton sold 10,000 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $49.81, for a total transaction of $498,100.00. The disclosure for this sale can be found here. In the last three months, insiders sold 31,181 shares of company stock valued at $1,614,560. 3.20% of the stock is currently owned by company insiders.

Several institutional investors have recently made changes to their positions in the company. IFM Investors Pty Ltd bought a new stake in shares of Akamai Technologies in the third quarter valued at about $262,000. Sterling Capital Management LLC boosted its position in shares of Akamai Technologies by 1.3% in the third quarter. Sterling Capital Management LLC now owns 1,439,744 shares of the technology infrastructure company’s stock valued at $70,144,000 after acquiring an additional 17,892 shares during the period. California Public Employees Retirement System boosted its position in shares of Akamai Technologies by 1.3% in the third quarter. California Public Employees Retirement System now owns 417,053 shares of the technology infrastructure company’s stock valued at $20,319,000 after acquiring an additional 5,553 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of Akamai Technologies by 24.8% in the third quarter. Janney Montgomery Scott LLC now owns 16,065 shares of the technology infrastructure company’s stock valued at $783,000 after acquiring an additional 3,197 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Akamai Technologies by 34.8% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,924 shares of the technology infrastructure company’s stock valued at $433,000 after acquiring an additional 2,304 shares during the period. 86.57% of the stock is owned by institutional investors.

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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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