Deutsche Bank reaffirmed their buy rating on shares of Akamai Technologies (NASDAQ:AKAM) in a report published on Wednesday, January 3rd. They currently have a $75.00 price objective on the technology infrastructure company’s stock.
Several other analysts have also issued reports on the stock. Wells Fargo & Co set a $57.00 price target on shares of Akamai Technologies and gave the company a hold rating in a research report on Tuesday, October 10th. B. Riley upped their target price on shares of Akamai Technologies from $70.00 to $85.00 and gave the stock a buy rating in a report on Monday, December 18th. Credit Suisse Group initiated coverage on shares of Akamai Technologies in a report on Tuesday, September 5th. They set a neutral rating and a $50.00 target price on the stock. DA Davidson set a $57.00 target price on shares of Akamai Technologies and gave the stock a hold rating in a report on Thursday, October 12th. Finally, Craig Hallum raised shares of Akamai Technologies from a hold rating to a buy rating in a report on Tuesday, December 19th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have given a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $63.84.
Akamai Technologies (NASDAQ:AKAM) opened at $65.63 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.01 and a quick ratio of 3.01. The firm has a market cap of $11,008.39, a PE ratio of 33.90, a price-to-earnings-growth ratio of 2.63 and a beta of 0.68. Akamai Technologies has a 52 week low of $44.65 and a 52 week high of $71.34.
Akamai Technologies (NASDAQ:AKAM) last released its earnings results on Tuesday, October 24th. The technology infrastructure company reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.03. Akamai Technologies had a net margin of 11.84% and a return on equity of 10.28%. The firm had revenue of $621.00 million for the quarter, compared to analysts’ expectations of $610.66 million. During the same period in the previous year, the company earned $0.68 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis. equities research analysts anticipate that Akamai Technologies will post 1.89 EPS for the current year.
In related news, CEO F Thomson Leighton acquired 18,545 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was acquired at an average cost of $53.91 per share, for a total transaction of $999,760.95. Following the acquisition, the chief executive officer now owns 226,950 shares of the company’s stock, valued at $12,234,874.50. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Aaron Ahola sold 2,893 shares of the company’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $52.44, for a total transaction of $151,708.92. Following the completion of the transaction, the senior vice president now owns 8,046 shares of the company’s stock, valued at $421,932.24. The disclosure for this sale can be found here. Insiders sold a total of 71,971 shares of company stock valued at $4,141,642 over the last 90 days. Company insiders own 3.20% of the company’s stock.
Several institutional investors have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. boosted its holdings in shares of Akamai Technologies by 20.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 657,615 shares of the technology infrastructure company’s stock valued at $32,756,000 after acquiring an additional 111,630 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Akamai Technologies by 13.0% during the 2nd quarter. Pacer Advisors Inc. now owns 5,866 shares of the technology infrastructure company’s stock valued at $292,000 after acquiring an additional 677 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Akamai Technologies by 32.9% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 5,358 shares of the technology infrastructure company’s stock valued at $267,000 after acquiring an additional 1,325 shares during the last quarter. Swiss National Bank boosted its holdings in shares of Akamai Technologies by 2.8% during the 2nd quarter. Swiss National Bank now owns 631,319 shares of the technology infrastructure company’s stock valued at $31,446,000 after acquiring an additional 17,300 shares during the last quarter. Finally, Delta Lloyd Asset Management N.V. purchased a new stake in shares of Akamai Technologies during the 2nd quarter valued at about $627,000. Institutional investors own 86.36% of the company’s stock.
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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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