Brokerages Set Akamai Technologies, Inc. (NASDAQ:AKAM) PT at $107.55

Akamai Technologies, Inc. (NASDAQ:AKAM) has been assigned an average rating of “Moderate Buy” from the twenty-two ratings firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $107.55.

A number of analysts recently weighed in on the stock. UBS Group assumed coverage on shares of Akamai Technologies in a report on Monday, December 16th. They issued a “neutral” rating and a $110.00 price objective on the stock. Royal Bank of Canada dropped their price objective on shares of Akamai Technologies from $100.00 to $90.00 and set a “sector perform” rating on the stock in a report on Friday, February 21st. TD Cowen cut shares of Akamai Technologies from a “buy” rating to a “hold” rating and lowered their target price for the company from $125.00 to $98.00 in a research note on Friday, February 21st. Scotiabank lowered their target price on shares of Akamai Technologies from $115.00 to $107.00 and set a “sector outperform” rating on the stock in a research note on Friday, February 21st. Finally, Susquehanna lowered their target price on shares of Akamai Technologies from $110.00 to $105.00 and set a “positive” rating on the stock in a research note on Friday, February 21st.

Akamai Technologies Stock Up 2.6 %

Shares of NASDAQ:AKAM opened at $80.73 on Tuesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.33 and a current ratio of 1.23. Akamai Technologies has a 1-year low of $75.50 and a 1-year high of $110.18. The company’s fifty day moving average is $91.62 and its two-hundred day moving average is $95.91. The stock has a market capitalization of $12.14 billion, a price-to-earnings ratio of 24.76, a price-to-earnings-growth ratio of 2.74 and a beta of 0.68.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings data on Thursday, February 20th. The technology infrastructure company reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.33). Akamai Technologies had a return on equity of 14.35% and a net margin of 12.65%. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. Equities analysts anticipate that Akamai Technologies will post 4.6 EPS for the current year.

Insider Activity at Akamai Technologies

In other news, CEO F Thomson Leighton purchased 37,670 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were bought at an average price of $79.58 per share, with a total value of $2,997,778.60. Following the completion of the transaction, the chief executive officer now directly owns 137,342 shares in the company, valued at $10,929,676.36. This trade represents a 37.79 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Edward J. Mcgowan sold 10,782 shares of Akamai Technologies stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $98.71, for a total transaction of $1,064,291.22. Following the completion of the transaction, the chief financial officer now directly owns 12,716 shares in the company, valued at approximately $1,255,196.36. This represents a 45.88 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 46,176 shares of company stock valued at $4,083,614. 1.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Akamai Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC grew its stake in shares of Akamai Technologies by 85.7% in the third quarter. Farther Finance Advisors LLC now owns 247 shares of the technology infrastructure company’s stock worth $25,000 after acquiring an additional 114 shares during the last quarter. Itau Unibanco Holding S.A. grew its stake in shares of Akamai Technologies by 99.6% in the fourth quarter. Itau Unibanco Holding S.A. now owns 469 shares of the technology infrastructure company’s stock worth $45,000 after acquiring an additional 234 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Akamai Technologies in the fourth quarter worth $49,000. Bruce G. Allen Investments LLC grew its stake in shares of Akamai Technologies by 38.8% in the fourth quarter. Bruce G. Allen Investments LLC now owns 554 shares of the technology infrastructure company’s stock worth $53,000 after acquiring an additional 155 shares during the last quarter. Finally, Wolverine Asset Management LLC acquired a new stake in shares of Akamai Technologies in the fourth quarter worth $57,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Akamai Technologies Company Profile

Akamai Technologies, Inc provides cloud computing, security, and content delivery services in the United States and internationally. The company offers cloud solutions to keep infrastructure, websites, applications, application programming interfaces, and users safe from various cyberattacks and online threats while enhancing performance.