Akamai Technologies Inc. (NASDAQ:AKAM)’s share price traded up 1.5% during mid-day trading on Wednesday . The company traded as high as $57.69 and last traded at $56.98, with a volume of 985,012 shares. The stock had previously closed at $56.16.

A number of equities analysts recently issued reports on the company. MKM Partners reissued a “buy” rating and set a $68.00 price target on shares of Akamai Technologies in a report on Saturday, July 9th. B. Riley reissued a “buy” rating and set a $70.00 price target on shares of Akamai Technologies in a report on Monday, May 2nd. Piper Jaffray Cos. reaffirmed an “overweight” rating and issued a $69.00 price objective on shares of Akamai Technologies in a report on Thursday, April 7th. Royal Bank Of Canada started coverage on Akamai Technologies in a report on Thursday, March 24th. They issued a “sector perform” rating and a $62.00 price objective on the stock. Finally, Vetr raised Akamai Technologies from a “sell” rating to a “hold” rating and set a $53.35 price objective on the stock in a report on Wednesday, April 6th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $64.63.

The firm has a market capitalization of $10.07 billion and a PE ratio of 32.411. The firm has a 50 day moving average price of $54.55 and a 200 day moving average price of $52.04.

Akamai Technologies (NASDAQ:AKAM) last issued its earnings results on Tuesday, April 26th. The technology infrastructure company reported $0.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.03. The business had revenue of $568 million for the quarter, compared to the consensus estimate of $564.04 million. During the same quarter in the previous year, the business posted $0.61 earnings per share. The company’s quarterly revenue was up 7.8% on a year-over-year basis. Equities analysts anticipate that Akamai Technologies Inc. will post $2.69 earnings per share for the current year.

In other news, CEO F Thomson Leighton purchased 19,497 shares of Akamai Technologies stock in a transaction that occurred on Monday, May 16th. The stock was acquired at an average price of $51.28 per share, for a total transaction of $999,806.16. Following the transaction, the chief executive officer now owns 159,385 shares in the company, valued at $8,173,262.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP James Gemmell sold 1,951 shares of the company’s stock in a transaction that occurred on Thursday, April 28th. The shares were sold at an average price of $54.48, for a total transaction of $106,290.48. Following the completion of the sale, the executive vice president now owns 7,148 shares of the company’s stock, valued at approximately $389,423.04. The disclosure for this sale can be found here.

Several large investors have recently modified their holdings of AKAM. Swiss National Bank increased its stake in shares of Akamai Technologies by 1.4% in the fourth quarter. Swiss National Bank now owns 323,119 shares of the technology infrastructure company’s stock valued at $17,006,000 after buying an additional 4,400 shares during the period. Sei Investments Co. increased its stake in shares of Akamai Technologies by 259.1% in the fourth quarter. Sei Investments Co. now owns 41,333 shares of the technology infrastructure company’s stock valued at $2,176,000 after buying an additional 29,822 shares during the period. California Public Employees Retirement System increased its stake in shares of Akamai Technologies by 4.2% in the fourth quarter. California Public Employees Retirement System now owns 548,650 shares of the technology infrastructure company’s stock valued at $28,875,000 after buying an additional 22,200 shares during the period. ProShare Advisors LLC increased its stake in shares of Akamai Technologies by 8.7% in the fourth quarter. ProShare Advisors LLC now owns 92,893 shares of the technology infrastructure company’s stock valued at $4,889,000 after buying an additional 7,396 shares during the period. Finally, Comerica Bank increased its stake in shares of Akamai Technologies by 15.1% in the fourth quarter. Comerica Bank now owns 83,585 shares of the technology infrastructure company’s stock valued at $4,020,000 after buying an additional 10,977 shares during the period.

Akamai Technologies, Inc is engaged in providing cloud services for delivering, optimizing and securing content and business applications over the Internet. The Company’s across the globe distributed platform comprises approximately 200,000 servers in over 1,400 networks in over 120 countries. It is involved in offering content delivery network (CDN) services.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.