Akamai Technologies (NASDAQ:AKAM) had its price target boosted by Piper Jaffray Companies to $78.00 in a research report sent to investors on Wednesday. They currently have an overweight rating on the technology infrastructure company’s stock.

Several other analysts also recently weighed in on the stock. KeyCorp downgraded shares of Akamai Technologies from a sector weight rating to an underweight rating and dropped their target price for the stock from $66.32 to $51.00 in a research report on Thursday, January 11th. Wells Fargo & Co set a $57.00 target price on shares of Akamai Technologies and gave the stock a hold rating in a research report on Tuesday, October 10th. B. Riley boosted their target price on shares of Akamai Technologies from $70.00 to $85.00 and gave the stock a buy rating in a research report on Monday, December 18th. Zacks Investment Research raised shares of Akamai Technologies from a hold rating to a buy rating and set a $73.00 target price on the stock in a research report on Tuesday, January 2nd. Finally, Craig Hallum raised shares of Akamai Technologies from a hold rating to a buy rating in a research report on Tuesday, December 19th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $68.95.

Shares of Akamai Technologies (NASDAQ:AKAM) opened at $64.13 on Wednesday. The firm has a market cap of $10,570.29, a P/E ratio of 51.30, a price-to-earnings-growth ratio of 2.61 and a beta of 0.71. Akamai Technologies has a 12-month low of $44.65 and a 12-month high of $69.56. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.01 and a current ratio of 2.82.

Akamai Technologies (NASDAQ:AKAM) last released its earnings results on Tuesday, February 6th. The technology infrastructure company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.06. The company had revenue of $663.50 million for the quarter, compared to the consensus estimate of $649.08 million. Akamai Technologies had a net margin of 8.72% and a return on equity of 9.90%. Akamai Technologies’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.72 EPS. equities analysts expect that Akamai Technologies will post 1.87 earnings per share for the current year.

In related news, insider Rick M. Mcconnell sold 48,369 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $56.83, for a total value of $2,748,810.27. Following the completion of the transaction, the insider now directly owns 45,974 shares in the company, valued at approximately $2,612,702.42. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO F Thomson Leighton bought 18,545 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was purchased at an average price of $53.91 per share, with a total value of $999,760.95. Following the completion of the purchase, the chief executive officer now owns 226,950 shares in the company, valued at $12,234,874.50. The disclosure for this purchase can be found here. Insiders sold a total of 61,112 shares of company stock worth $3,562,575 over the last ninety days. Insiders own 3.20% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. CenterStar Asset Management LLC acquired a new position in shares of Akamai Technologies in the 4th quarter valued at $114,000. Advisory Services Network LLC lifted its stake in shares of Akamai Technologies by 9.0% in the 2nd quarter. Advisory Services Network LLC now owns 2,025 shares of the technology infrastructure company’s stock valued at $101,000 after purchasing an additional 168 shares during the period. Westwood Holdings Group Inc. acquired a new position in shares of Akamai Technologies in the 2nd quarter valued at $117,000. BB&T Investment Services Inc. acquired a new position in shares of Akamai Technologies in the 2nd quarter valued at $119,000. Finally, Welch & Forbes LLC acquired a new position in shares of Akamai Technologies in the 4th quarter valued at $203,000. Hedge funds and other institutional investors own 86.52% of the company’s stock.

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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 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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