Akamai Technologies, Inc. (NASDAQ:AKAM) CEO F Thomson Leighton purchased 17,537 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were acquired at an average cost of $57.01 per share, for a total transaction of $999,784.37. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

F Thomson Leighton also recently made the following trade(s):

  • On Wednesday, November 15th, F Thomson Leighton purchased 18,545 shares of Akamai Technologies stock. The shares were acquired at an average cost of $53.91 per share, for a total transaction of $999,760.95.
  • On Monday, October 16th, F Thomson Leighton purchased 19,670 shares of Akamai Technologies stock. The shares were acquired at an average cost of $50.83 per share, for a total transaction of $999,826.10.

Akamai Technologies, Inc. (NASDAQ AKAM) opened at $57.76 on Monday. The company has a market cap of $9,770.22, a PE ratio of 30.08, a P/E/G ratio of 2.28 and a beta of 0.68. Akamai Technologies, Inc. has a 12 month low of $44.65 and a 12 month high of $71.64. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.20.

Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings results on Tuesday, October 24th. The technology infrastructure company reported $0.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.03. The company had revenue of $621.00 million for the quarter, compared to the consensus estimate of $610.66 million. Akamai Technologies had a net margin of 11.84% and a return on equity of 10.28%. The firm’s revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.68 EPS. analysts forecast that Akamai Technologies, Inc. will post 1.89 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of the business. Parametric Portfolio Associates LLC grew its holdings in Akamai Technologies by 2.4% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 312,087 shares of the technology infrastructure company’s stock worth $15,205,000 after acquiring an additional 7,327 shares in the last quarter. IFM Investors Pty Ltd bought a new position in Akamai Technologies during the 3rd quarter worth about $262,000. Sterling Capital Management LLC grew its holdings in Akamai Technologies by 1.3% during the 3rd quarter. Sterling Capital Management LLC now owns 1,439,744 shares of the technology infrastructure company’s stock worth $70,144,000 after acquiring an additional 17,892 shares in the last quarter. California Public Employees Retirement System grew its holdings in Akamai Technologies by 1.3% during the 3rd quarter. California Public Employees Retirement System now owns 417,053 shares of the technology infrastructure company’s stock worth $20,319,000 after acquiring an additional 5,553 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in Akamai Technologies by 24.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 16,065 shares of the technology infrastructure company’s stock worth $783,000 after acquiring an additional 3,197 shares in the last quarter. Institutional investors own 86.56% of the company’s stock.

A number of equities research analysts recently issued reports on AKAM shares. Wells Fargo & Company set a $57.00 price target on shares of Akamai Technologies and gave the company a “hold” rating in a research note on Tuesday, October 10th. B. Riley reissued a “buy” rating and issued a $66.00 target price on shares of Akamai Technologies in a research note on Thursday, October 12th. Credit Suisse Group increased their target price on shares of Akamai Technologies from $50.00 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, October 25th. Nomura increased their target price on shares of Akamai Technologies from $47.00 to $50.00 and gave the company a “neutral” rating in a research note on Wednesday, October 25th. Finally, Vetr raised shares of Akamai Technologies from a “buy” rating to a “strong-buy” rating and set a $52.07 target price on the stock in a research note on Wednesday, September 6th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the stock. Akamai Technologies currently has an average rating of “Hold” and an average target price of $59.59.

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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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