Akamai Technologies Inc. (NASDAQ:AKAM)’s share price was up 3.2% during mid-day trading on Wednesday . The company 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.

A number of equities analysts have issued reports on AKAM shares. JPMorgan Chase & Co. reaffirmed a “hold” rating and issued a $60.00 price objective on shares of Akamai Technologies in a research note on Monday, April 25th. Royal Bank Of Canada reduced their price target on shares of Akamai Technologies from $62.00 to $59.00 and set a “sector perform” rating on the stock in a research report on Wednesday, April 27th. Pacific Crest reissued a “buy” rating and set a $71.00 price target on shares of Akamai Technologies in a research report on Monday, July 11th. TheStreet raised shares of Akamai Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, May 26th. Finally, Zacks Investment Research cut shares of Akamai Technologies from a “hold” rating to a “sell” rating in a research report on Friday, July 29th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $63.44.

The firm has a market capitalization of $9.13 billion and a PE ratio of 28.63. The stock’s 50 day moving average price is $54.13 and its 200-day moving average price is $52.65.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings data on Tuesday, July 26th. The technology infrastructure company reported $0.64 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.64. During the same period last year, the business posted $0.57 earnings per share. The business earned $572 million during the quarter, compared to the consensus estimate of $574.86 million. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. On average, analysts expect that Akamai Technologies Inc. will post $2.57 earnings per share for the current fiscal year.

In other news, Director Naomi O. Seligman sold 1,728 shares of the stock in a transaction dated Thursday, June 2nd. The shares were sold at an average price of $54.10, for a total value of $93,484.80. Following the completion of the sale, the director now owns 8,023 shares in the company, valued at $434,044.30. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO F Thomson Leighton bought 19,497 shares of the stock in a transaction dated Monday, May 16th. The stock was purchased at an average price of $51.28 per share, with a total value of $999,806.16. Following the acquisition, 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.

Other hedge funds have recently made changes to their positions in the company. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased 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 valued at $1,245,000 after buying an additional 1,459 shares in the last quarter. Trexquant Investment LP purchased a new stake in shares of Akamai Technologies during the fourth quarter valued at approximately $1,305,000. US Bancorp DE increased its stake in shares of Akamai Technologies by 3.3% in the fourth quarter. US Bancorp DE now owns 30,550 shares of the technology infrastructure company’s stock valued at $1,607,000 after buying an additional 963 shares in the last quarter. Marco Investment Management LLC increased its stake in shares of 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 valued at $1,900,000 after buying an additional 3,600 shares in the last quarter. Finally, Aberdeen Asset Management PLC UK increased its stake in shares of 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 valued at $2,498,000 after buying an additional 7,335 shares in the last quarter.

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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