Investors bought shares of Akamai Technologies Inc. (NASDAQ:AKAM) on weakness during trading on Tuesday. $16.29 million flowed into the stock on the tick-up and $8.62 million flowed out of the stock on the tick-down, for a money net flow of $7.67 million into the stock. Of all equities tracked, Akamai Technologies had the 37th highest net in-flow for the day. Akamai Technologies traded down ($0.27) for the day and closed at $55.04

Several equities research analysts have recently issued reports on the stock. Piper Jaffray Cos. reiterated a “buy” rating and set a $64.00 price objective on shares of Akamai Technologies in a research report on Tuesday, August 9th. Pacific Crest reiterated a “hold” rating on shares of Akamai Technologies in a research report on Tuesday, August 2nd. Wells Fargo & Co. upgraded shares of Akamai Technologies from a “market perform” rating to an “outperform” rating and reduced their price objective for the company from $59.20 to $51.41 in a research report on Friday, August 12th. B. Riley reiterated a “buy” rating and set a $62.00 price objective on shares of Akamai Technologies in a research report on Monday, August 1st. Finally, MKM Partners reiterated a “buy” rating and set a $68.00 price objective on shares of Akamai Technologies in a research report on Saturday, July 9th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $62.55.

The stock has a market capitalization of $9.59 billion and a price-to-earnings ratio of 30.13. The company has a 50-day moving average price of $53.65 and a 200 day moving average price of $53.56.

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, hitting analysts’ consensus estimates of $0.64. During the same period last year, the business earned $0.57 earnings per share. The company earned $572 million during the quarter, compared to analyst estimates of $574.86 million. The firm’s revenue was up 5.8% compared to the same quarter last year. Analysts predict that Akamai Technologies Inc. will post $2.57 EPS for the current fiscal year.

In related news, Director Naomi O. Seligman sold 1,728 shares of the firm’s stock in a transaction dated Thursday, June 2nd. The stock was sold at an average price of $54.10, for a total transaction of $93,484.80. Following the completion of the sale, the director now directly owns 8,023 shares of the company’s stock, valued at approximately $434,044.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Robert Blumofe sold 2,000 shares of the firm’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $50.56, for a total value of $101,120.00. Following the sale, the executive vice president now directly owns 22,415 shares of the company’s stock, valued at $1,133,302.40. The disclosure for this sale can be found here.

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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