Shares of Akamai Technologies, Inc. (NASDAQ:AKAM) were up 3.2% during trading on Wednesday . The stock traded as high as $52.00 and last traded at $51.85, with a volume of 1,425,890 shares changing hands. The stock had previously closed at $50.22.

AKAM has been the topic of a number of research analyst reports. Vetr upgraded Akamai Technologies from a “hold” rating to a “strong-buy” rating and set a $57.70 target price on the stock in a report on Tuesday, April 12th. Zacks Investment Research cut Akamai Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, April 12th. B. Riley reiterated a “buy” rating and issued a $70.00 target price on shares of Akamai Technologies in a report on Wednesday, April 13th. Deutsche Bank AG reiterated a “buy” rating and issued a $75.00 target price on shares of Akamai Technologies in a report on Thursday, April 14th. Finally, JPMorgan Chase & Co. reiterated a “hold” rating and issued a $60.00 target price on shares of Akamai Technologies in a report on Monday, April 25th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Akamai Technologies has an average rating of “Hold” and a consensus target price of $63.93.

The company has a market capitalization of $9.10 billion and a price-to-earnings ratio of 28.55. The company has a 50-day moving average of $54.30 and a 200 day moving average of $52.67.

Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings data on Tuesday, July 26th. The technology infrastructure company reported $0.64 EPS for the quarter, meeting analysts’ consensus estimates of $0.64. The firm had revenue of $572 million for the quarter, compared to analysts’ expectations of $574.86 million. During the same quarter last year, the company posted $0.57 EPS. The firm’s revenue was up 5.8% compared to the same quarter last year. Analysts expect that Akamai Technologies, Inc. will post $2.57 earnings per share for the current year.

In other news, insider Rick M. Mcconnell sold 3,550 shares of the company’s stock in a transaction dated Thursday, July 14th. The stock was sold at an average price of $58.00, for a total value of $205,900.00. Following the completion of the transaction, the insider now owns 48,926 shares of the company’s stock, valued at $2,837,708. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO F Thomson Leighton acquired 19,497 shares of the company’s stock in a transaction dated Monday, May 16th. The stock was acquired at an average cost of $51.28 per share, with a total value of $999,806.16. Following the purchase, the chief executive officer now owns 159,385 shares of the company’s stock, valued at $8,173,262.80. The disclosure for this purchase can be found here.

Several institutional investors have added to or reduced their stakes in the company. Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its position in 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 during the period. Trexquant Investment LP acquired a new position in Akamai Technologies during the fourth quarter worth $1,305,000. US Bancorp DE raised its position in Akamai Technologies by 3.3% in the fourth quarter. US Bancorp DE now owns 30,550 shares of the technology infrastructure company’s stock worth $1,607,000 after buying an additional 963 shares during the period. Aberdeen Asset Management PLC UK raised its position in Akamai Technologies by 27.1% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 34,442 shares of the technology infrastructure company’s stock worth $2,498,000 after buying an additional 7,335 shares during the period. Finally, Marco Investment Management LLC raised its position in Akamai Technologies by 11.1% in the fourth quarter. Marco Investment Management LLC now owns 36,100 shares of the technology infrastructure company’s stock worth $1,900,000 after buying an additional 3,600 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.