Akamai Technologies, Inc. (NASDAQ:AKAM) has received an average recommendation of “Hold” from the twenty-seven research firms that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation, ten have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $61.23.

AKAM has been the subject of several recent analyst reports. MKM Partners restated a “buy” rating and set a $67.00 target price (down previously from $79.00) on shares of Akamai Technologies in a research report on Thursday, May 4th. Deutsche Bank AG restated a “buy” rating and set a $73.00 target price (down previously from $80.00) on shares of Akamai Technologies in a research report on Wednesday, May 3rd. B. Riley restated a “buy” rating and set a $66.00 target price on shares of Akamai Technologies in a research report on Wednesday, May 3rd. Piper Jaffray Companies restated a “buy” rating and set a $57.00 target price on shares of Akamai Technologies in a research report on Wednesday, July 26th. Finally, TheStreet lowered Akamai Technologies from a “b-” rating to a “c” rating in a research report on Wednesday, May 31st.

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In other Akamai Technologies news, Director Paul Sagan sold 17,889 shares of the company’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $49.53, for a total transaction of $886,042.17. Following the completion of the sale, the director now owns 64,147 shares in the company, valued at $3,177,200.91. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Frederic V. Salerno bought 5,000 shares of the stock in a transaction on Thursday, July 27th. The shares were bought at an average price of $46.83 per share, with a total value of $234,150.00. Following the acquisition, the director now owns 62,192 shares of the company’s stock, valued at $2,912,451.36. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 66,410 shares of company stock valued at $3,233,594. 3.20% of the stock is owned by company insiders.

Several institutional investors have recently modified their holdings of AKAM. Atria Investments LLC increased its position in shares of Akamai Technologies by 4.4% in the first quarter. Atria Investments LLC now owns 7,542 shares of the technology infrastructure company’s stock worth $450,000 after buying an additional 321 shares during the last quarter. Prentiss Smith & Co. Inc. acquired a new position in shares of Akamai Technologies during the first quarter worth about $1,626,000. Capstone Asset Management Co. increased its position in shares of Akamai Technologies by 1.4% in the first quarter. Capstone Asset Management Co. now owns 22,639 shares of the technology infrastructure company’s stock worth $1,352,000 after buying an additional 310 shares during the last quarter. Ipswich Investment Management Co. Inc. increased its position in shares of Akamai Technologies by 0.5% in the first quarter. Ipswich Investment Management Co. Inc. now owns 44,179 shares of the technology infrastructure company’s stock worth $2,637,000 after buying an additional 235 shares during the last quarter. Finally, Bank of Montreal Can increased its position in shares of Akamai Technologies by 85.3% in the first quarter. Bank of Montreal Can now owns 126,646 shares of the technology infrastructure company’s stock worth $7,561,000 after buying an additional 58,293 shares during the last quarter. 87.42% of the stock is currently owned by institutional investors and hedge funds.

Akamai Technologies (NASDAQ AKAM) traded down 0.35% during midday trading on Friday, reaching $47.87. The company’s stock had a trading volume of 1,393,993 shares. Akamai Technologies has a 12-month low of $45.41 and a 12-month high of $71.64. The company’s 50-day moving average is $49.91 and its 200 day moving average is $57.09. The firm has a market cap of $8.23 billion, a price-to-earnings ratio of 27.34 and a beta of 0.66.

Akamai Technologies (NASDAQ:AKAM) last announced its earnings results on Tuesday, July 25th. The technology infrastructure company reported $0.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.02. Akamai Technologies had a return on equity of 10.97% and a net margin of 12.67%. The business had revenue of $608.90 million during the quarter, compared to analyst estimates of $604.51 million. During the same quarter in the previous year, the business earned $0.64 earnings per share. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. Equities analysts forecast that Akamai Technologies will post $2.52 earnings per share for the current year.

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 is involved in offering content delivery network (CDN) services. Its services include the delivery of content, applications and software over the Internet, as well as mobile and security solutions.

Analyst Recommendations for Akamai Technologies (NASDAQ:AKAM)

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