Akamai Technologies, Inc. (NASDAQ:AKAM) SVP Aaron Ahola sold 2,893 shares of Akamai Technologies stock in a transaction on Monday, October 30th. The shares were 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 directly owns 8,046 shares in the company, valued at $421,932.24. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Akamai Technologies (NASDAQ:AKAM) last released its earnings results on Tuesday, October 24th. The technology infrastructure company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.03. The firm had revenue of $621.00 million for the quarter, compared to analyst estimates of $610.66 million. Akamai Technologies had a return on equity of 10.28% and a net margin of 11.84%. Akamai Technologies’s revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.68 earnings per share.

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A number of brokerages have recently commented on AKAM. B. Riley reaffirmed a “buy” rating and issued a $60.00 target price on shares of Akamai Technologies in a report on Friday, July 28th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $60.00 target price on shares of Akamai Technologies in a report on Wednesday, October 25th. SunTrust Banks, Inc. reaffirmed a “hold” rating on shares of Akamai Technologies in a report on Wednesday, October 25th. BidaskClub cut shares of Akamai Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 19th. Finally, Cowen and Company reaffirmed a “hold” rating and issued a $60.00 target price on shares of Akamai Technologies in a report on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and twelve have issued a buy rating to the stock. Akamai Technologies presently has an average rating of “Hold” and a consensus price target of $60.73.

A number of large investors have recently added to or reduced their stakes in AKAM. OppenheimerFunds Inc. grew its holdings in Akamai Technologies by 15.7% during the first quarter. OppenheimerFunds Inc. now owns 4,454 shares of the technology infrastructure company’s stock worth $266,000 after acquiring an additional 606 shares during the period. Teachers Advisors LLC grew its holdings in Akamai Technologies by 30.6% during the first quarter. Teachers Advisors LLC now owns 368,457 shares of the technology infrastructure company’s stock worth $21,997,000 after acquiring an additional 86,383 shares during the period. Dimensional Fund Advisors LP grew its holdings in Akamai Technologies by 0.8% during the first quarter. Dimensional Fund Advisors LP now owns 891,527 shares of the technology infrastructure company’s stock worth $53,227,000 after acquiring an additional 6,801 shares during the period. HighTower Advisors LLC grew its holdings in Akamai Technologies by 13.8% during the first quarter. HighTower Advisors LLC now owns 7,493 shares of the technology infrastructure company’s stock worth $446,000 after acquiring an additional 910 shares during the period. Finally, OLD Mutual Customised Solutions Proprietary Ltd. grew its holdings in Akamai Technologies by 79.4% during the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,332 shares of the technology infrastructure company’s stock worth $139,000 after acquiring an additional 1,032 shares during the period. 84.28% of the stock is currently owned by hedge funds and other institutional investors.

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.

Insider Buying and Selling by Quarter for Akamai Technologies (NASDAQ:AKAM)

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