Akamai Technologies Inc. (NASDAQ:AKAM) CEO F Thomson Leighton purchased 19,468 shares of the company’s stock in a transaction dated Thursday, September 15th. The shares were acquired at an average price of $51.36 per share, for a total transaction of $999,876.48. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

F Thomson Leighton also recently made the following trade(s):

  • On Monday, August 15th, F Thomson Leighton purchased 19,003 shares of Akamai Technologies stock. The shares were acquired at an average price of $52.61 per share, for a total transaction of $999,747.83.
  • On Friday, July 15th, F Thomson Leighton purchased 17,456 shares of Akamai Technologies stock. The shares were acquired at an average price of $57.28 per share, for a total transaction of $999,879.68.

Akamai Technologies Inc. (NASDAQ:AKAM) opened at 52.43 on Friday. The stock has a market capitalization of $9.16 billion, a PE ratio of 28.78 and a beta of 1.47. The stock’s 50 day moving average price is $52.73 and its 200-day moving average price is $53.40. Akamai Technologies Inc. has a 12-month low of $39.43 and a 12-month high of $76.39.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings data on Tuesday, July 26th. The technology infrastructure company reported $0.64 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.64. The firm earned $572 million during the quarter, compared to analysts’ expectations of $574.86 million. Akamai Technologies had a return on equity of 11.82% and a net margin of 14.31%. Akamai Technologies’s revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.57 earnings per share. Analysts expect that Akamai Technologies Inc. will post $2.57 earnings per share for the current year.

AKAM has been the topic of a number of research analyst reports. Pacific Crest restated a “buy” rating and set a $71.00 price target on shares of Akamai Technologies in a research note on Monday, July 11th. Zacks Investment Research lowered Akamai Technologies from a “hold” rating to a “sell” rating in a research note on Friday, July 29th. TheStreet upgraded Akamai Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, May 26th. SunTrust Banks Inc. initiated coverage on Akamai Technologies in a research report on Thursday, July 21st. They issued a “buy” rating and a $66.00 target price on the stock. Finally, Piper Jaffray Cos. reiterated a “buy” rating and issued a $64.00 target price on shares of Akamai Technologies in a research report on Tuesday, August 9th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Akamai Technologies presently has a consensus rating of “Hold” and a consensus price target of $61.35.

A number of institutional investors have recently modified their holdings of the company. Checchi Capital Advisers LLC boosted its position in shares of Akamai Technologies by 0.9% in the second quarter. Checchi Capital Advisers LLC now owns 2,834 shares of the technology infrastructure company’s stock valued at $159,000 after buying an additional 24 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its position in shares of Akamai Technologies by 2.7% in the first quarter. Massmutual Trust Co. FSB ADV now owns 2,142 shares of the technology infrastructure company’s stock valued at $119,000 after buying an additional 56 shares in the last quarter. MAI Capital Management boosted its position in shares of Akamai Technologies by 0.4% in the second quarter. MAI Capital Management now owns 22,457 shares of the technology infrastructure company’s stock valued at $1,256,000 after buying an additional 92 shares in the last quarter. Marco Investment Management LLC boosted its position in shares of Akamai Technologies by 0.3% in the second quarter. Marco Investment Management LLC now owns 37,200 shares of the technology infrastructure company’s stock valued at $2,081,000 after buying an additional 100 shares in the last quarter. Finally, Gagnon Securities LLC boosted its position in shares of Akamai Technologies by 0.5% in the second quarter. Gagnon Securities LLC now owns 18,727 shares of the technology infrastructure company’s stock valued at $1,047,000 after buying an additional 100 shares in the last quarter. 89.88% of the stock is owned by hedge funds and other institutional investors.

Akamai Technologies Company Profile

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.

5 Day Chart for NASDAQ:AKAM

Receive News & Ratings for Akamai Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Akamai Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.