Shares of Akamai Technologies Inc. (NASDAQ:AKAM) saw unusually-strong trading volume on Tuesday . Approximately 2,193,970 shares traded hands during mid-day trading, an increase of 42% from the previous session’s volume of 1,542,984 shares.The stock last traded at $58.03 and had previously closed at $57.90.

A number of equities analysts have recently commented on AKAM shares. Deutsche Bank AG reissued a “buy” rating and issued a $75.00 price target on shares of Akamai Technologies in a report on Thursday, April 14th. B. Riley reaffirmed a “buy” rating and issued a $70.00 price objective on shares of Akamai Technologies in a research note on Wednesday, April 13th. Vetr cut shares of Akamai Technologies from a “strong-buy” rating to a “buy” rating and set a $57.70 price objective for the company. in a research note on Tuesday, April 26th. TheStreet raised shares of Akamai Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, May 26th. Finally, KeyCorp reaffirmed a “buy” rating on shares of Akamai Technologies in a research note on Tuesday, June 7th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $64.37.

The stock’s 50 day moving average price is $55.30 and its 200 day moving average price is $52.41. The company has a market cap of $10.20 billion and a PE ratio of 32.82.

Akamai Technologies (NASDAQ:AKAM) last issued its earnings results on Tuesday, July 26th. The technology infrastructure company reported $0.64 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.64. The company had revenue of $572 million for the quarter, compared to analysts’ expectations of $574.86 million. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.57 earnings per share. On average, analysts forecast that Akamai Technologies Inc. will post $2.69 earnings per share for the current year.

In other news, EVP James Gemmell sold 1,951 shares of the business’s stock in a transaction 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 directly owns 7,148 shares of the company’s stock, valued at $389,423.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Rick M. Mcconnell sold 3,550 shares of the business’s stock in a transaction on Thursday, July 14th. The shares were sold at an average price of $58.00, for a total transaction of $205,900.00. Following the sale, the insider now directly owns 48,926 shares of the company’s stock, valued at $2,837,708. The disclosure for this sale can be found here.

Several hedge funds recently modified their holdings of the stock. Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its stake in shares of Akamai Technologies by 6.6% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 23,664 shares of the technology infrastructure company’s stock worth $1,245,000 after buying an additional 1,459 shares in the last quarter. Cornerstone Capital Management Holdings LLC. raised its stake in shares of Akamai Technologies by 540.8% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 255,738 shares of the technology infrastructure company’s stock worth $13,460,000 after buying an additional 215,830 shares in the last quarter. BHF Kleinwort Benson Group S.A. raised its stake in shares of Akamai Technologies by 0.7% in the fourth quarter. BHF Kleinwort Benson Group S.A. now owns 105,346 shares of the technology infrastructure company’s stock worth $5,544,000 after buying an additional 708 shares in the last quarter. Gulf International Bank UK Ltd raised its stake in Akamai Technologies by 3.3% in the fourth quarter. Gulf International Bank UK Ltd now owns 53,458 shares of the technology infrastructure company’s stock worth $2,813,000 after buying an additional 1,700 shares during the period. Finally, Sawtooth Asset Management Inc. raised its stake in Akamai Technologies by 28,743.7% in the fourth quarter. Sawtooth Asset Management Inc. now owns 34,324 shares of the technology infrastructure company’s stock worth $1,806,000 after buying an additional 34,205 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.

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