Akamai Technologies, Inc. (NASDAQ:AKAM) was the recipient of unusually large options trading activity on Monday. Stock investors acquired 3,889 put options on the company. This represents an increase of approximately 902% compared to the typical volume of 388 put options.

In other Akamai Technologies news, CEO F Thomson Leighton acquired 19,670 shares of the stock in a transaction on Monday, October 16th. The stock was acquired at an average price of $50.83 per share, for a total transaction of $999,826.10. Following the completion of the transaction, the chief executive officer now directly owns 226,950 shares of the company’s stock, valued at $11,535,868.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider William Wheaton sold 10,000 shares of the stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $49.81, for a total transaction of $498,100.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,181 shares of company stock valued at $1,614,560. 3.20% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of AKAM. Advisory Services Network LLC increased its stake in Akamai Technologies by 9.0% in the 2nd quarter. Advisory Services Network LLC now owns 2,025 shares of the technology infrastructure company’s stock worth $101,000 after buying an additional 168 shares during the period. Westwood Holdings Group Inc. purchased a new position in Akamai Technologies in the 2nd quarter worth about $117,000. BB&T Investment Services Inc. purchased a new position in Akamai Technologies in the 2nd quarter worth about $119,000. FTB Advisors Inc. increased its stake in Akamai Technologies by 2.4% in the 2nd quarter. FTB Advisors Inc. now owns 2,538 shares of the technology infrastructure company’s stock worth $125,000 after buying an additional 59 shares during the period. Finally, Tobam purchased a new position in Akamai Technologies in the 2nd quarter worth about $153,000. 86.57% of the stock is currently owned by institutional investors.

Several research firms have commented on AKAM. BidaskClub lowered shares of Akamai Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 19th. Piper Jaffray Companies reiterated a “buy” rating and set a $60.00 price objective on shares of Akamai Technologies in a research report on Wednesday, October 25th. SunTrust Banks restated a “hold” rating on shares of Akamai Technologies in a report on Wednesday, October 25th. Guggenheim upgraded shares of Akamai Technologies from a “neutral” rating to a “buy” rating and raised their target price for the stock from $53.00 to $54.00 in a report on Monday, October 2nd. Finally, Nomura lowered their target price on shares of Akamai Technologies from $48.00 to $47.00 and set a “neutral” rating for the company in a report on Tuesday, September 5th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $60.73.

Akamai Technologies (NASDAQ:AKAM) opened at $55.34 on Thursday. The company has a market cap of $9,364.24, a PE ratio of 28.83, a P/E/G ratio of 2.19 and a beta of 0.66. Akamai Technologies has a 12 month low of $44.65 and a 12 month high of $71.64. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.20.

Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings results on Tuesday, October 24th. The technology infrastructure company reported $0.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.03. The company had revenue of $621.00 million for the quarter, compared to the consensus estimate of $610.66 million. Akamai Technologies had a net margin of 11.84% and a return on equity of 10.28%. The firm’s revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.68 EPS. analysts forecast that Akamai Technologies will post 1.89 earnings per share for the current fiscal year.

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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.

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