Brokerages Set Akamai Technologies, Inc. (NASDAQ:AKAM) PT at $114.11

Akamai Technologies, Inc. (NASDAQ:AKAMGet Free Report) has received a consensus rating of “Moderate Buy” from the nineteen ratings firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $114.11.

AKAM has been the subject of several recent research reports. Royal Bank of Canada lifted their target price on shares of Akamai Technologies from $97.00 to $115.00 and gave the stock a “sector perform” rating in a research note on Wednesday, November 8th. Susquehanna initiated coverage on shares of Akamai Technologies in a research note on Friday, December 15th. They issued a “positive” rating and a $150.00 target price for the company. KeyCorp lifted their target price on shares of Akamai Technologies from $134.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday, January 19th. JPMorgan Chase & Co. lifted their target price on shares of Akamai Technologies from $74.00 to $78.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 8th. Finally, StockNews.com upgraded shares of Akamai Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, January 25th.

View Our Latest Stock Analysis on Akamai Technologies

Akamai Technologies Stock Up 0.9 %

Akamai Technologies stock opened at $125.57 on Monday. Akamai Technologies has a 1-year low of $70.65 and a 1-year high of $125.90. The firm’s fifty day moving average price is $119.09 and its two-hundred day moving average price is $109.83. The company has a current ratio of 2.30, a quick ratio of 2.30 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $18.94 billion, a price-to-earnings ratio of 37.82, a price-to-earnings-growth ratio of 3.13 and a beta of 0.76.

Akamai Technologies (NASDAQ:AKAMGet Free Report) last posted its quarterly earnings data on Tuesday, November 7th. The technology infrastructure company reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.17). Akamai Technologies had a return on equity of 14.54% and a net margin of 13.76%. The company had revenue of $965.48 million for the quarter, compared to analysts’ expectations of $944.57 million. On average, equities research analysts predict that Akamai Technologies will post 4.45 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Akamai Technologies news, CMO Kim Salem-Jackson sold 2,600 shares of Akamai Technologies stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $123.30, for a total transaction of $320,580.00. Following the transaction, the chief marketing officer now directly owns 27,663 shares of the company’s stock, valued at $3,410,847.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Madhu Ranganathan sold 3,386 shares of Akamai Technologies stock in a transaction on Friday, November 10th. The shares were sold at an average price of $110.65, for a total value of $374,660.90. Following the transaction, the director now directly owns 5,356 shares of the company’s stock, valued at $592,641.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CMO Kim Salem-Jackson sold 2,600 shares of Akamai Technologies stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $123.30, for a total transaction of $320,580.00. Following the completion of the transaction, the chief marketing officer now directly owns 27,663 shares in the company, valued at $3,410,847.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 24,522 shares of company stock valued at $2,800,825. 1.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Portside Wealth Group LLC purchased a new position in shares of Akamai Technologies in the second quarter worth $6,714,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Akamai Technologies by 117.3% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 218,369 shares of the technology infrastructure company’s stock valued at $19,625,000 after purchasing an additional 117,900 shares during the period. Los Angeles Capital Management LLC increased its position in Akamai Technologies by 123.8% during the 3rd quarter. Los Angeles Capital Management LLC now owns 736,236 shares of the technology infrastructure company’s stock valued at $78,439,000 after purchasing an additional 407,321 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Akamai Technologies by 0.8% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 16,401 shares of the technology infrastructure company’s stock valued at $1,474,000 after purchasing an additional 123 shares during the period. Finally, Retirement Systems of Alabama increased its position in Akamai Technologies by 9.8% during the 2nd quarter. Retirement Systems of Alabama now owns 652,092 shares of the technology infrastructure company’s stock valued at $58,604,000 after purchasing an additional 58,114 shares during the period. 91.40% of the stock is owned by hedge funds and other institutional investors.

Akamai Technologies Company Profile

(Get Free Report

Akamai Technologies, Inc provides cloud services for securing, delivering, and computing content, applications, and software over the internet 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.

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