Shares of Akamai Technologies, Inc. (NASDAQ:AKAM) have been given a consensus rating of “Buy” by the twenty-nine analysts that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirteen have given a buy rating and two have issued a strong buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $69.03.
A number of brokerages have issued reports on AKAM. BidaskClub upgraded shares of Akamai Technologies from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, January 30th. Craig Hallum upgraded shares of Akamai Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, December 19th. MKM Partners increased their price objective on shares of Akamai Technologies to $65.00 and gave the stock a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research lowered shares of Akamai Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $60.00 price objective on shares of Akamai Technologies in a research note on Wednesday, October 25th.
Shares of Akamai Technologies (NASDAQ AKAM) traded down $0.12 during trading on Wednesday, reaching $66.77. 1,444,000 shares of the company’s stock were exchanged, compared to its average volume of 1,999,144. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.82 and a quick ratio of 3.01. Akamai Technologies has a twelve month low of $44.65 and a twelve month high of $69.56. The firm has a market cap of $11,314.56, a price-to-earnings ratio of 53.95, a price-to-earnings-growth ratio of 2.44 and a beta of 0.71.
Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings results on Tuesday, February 6th. The technology infrastructure company reported $0.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.06. Akamai Technologies had a net margin of 6.80% and a return on equity of 5.50%. The business had revenue of $663.50 million for the quarter, compared to analyst estimates of $649.08 million. During the same quarter in the prior year, the business posted $0.72 EPS. Akamai Technologies’s revenue for the quarter was up 7.7% compared to the same quarter last year. equities research analysts anticipate that Akamai Technologies will post 2.14 EPS for the current fiscal year.
In related news, CEO F Thomson Leighton acquired 17,537 shares of the firm’s stock in a transaction on Friday, December 15th. The shares were acquired at an average cost of $57.01 per share, with a total value of $999,784.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP James Gemmell sold 8,430 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $67.00, for a total transaction of $564,810.00. The disclosure for this sale can be found here. Insiders have sold 66,799 shares of company stock worth $3,976,520 over the last three months. 3.20% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Clearbridge Investments LLC lifted its holdings in Akamai Technologies by 5.5% during the fourth quarter. Clearbridge Investments LLC now owns 9,105,713 shares of the technology infrastructure company’s stock valued at $592,236,000 after purchasing an additional 474,271 shares in the last quarter. First Trust Advisors LP lifted its holdings in Akamai Technologies by 2.3% during the third quarter. First Trust Advisors LP now owns 4,959,149 shares of the technology infrastructure company’s stock valued at $241,610,000 after purchasing an additional 109,826 shares in the last quarter. King Luther Capital Management Corp lifted its holdings in Akamai Technologies by 4.5% during the fourth quarter. King Luther Capital Management Corp now owns 2,160,085 shares of the technology infrastructure company’s stock valued at $140,492,000 after purchasing an additional 92,520 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Akamai Technologies by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 1,885,681 shares of the technology infrastructure company’s stock valued at $122,397,000 after purchasing an additional 24,367 shares in the last quarter. Finally, Disciplined Growth Investors Inc. MN lifted its holdings in Akamai Technologies by 0.8% during the fourth quarter. Disciplined Growth Investors Inc. MN now owns 1,643,075 shares of the technology infrastructure company’s stock valued at $106,866,000 after purchasing an additional 13,472 shares in the last quarter. 84.77% of the stock is currently owned by institutional investors and hedge funds.
WARNING: This story was published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this story on another site, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this story can be viewed at https://www.dispatchtribunal.com/2018/02/21/akamai-technologies-inc-akam-given-consensus-recommendation-of-buy-by-analysts.html.
About Akamai Technologies
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.
Receive News & Ratings for Akamai Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Akamai Technologies and related companies with MarketBeat.com's FREE daily email newsletter.