Akamai Technologies, Inc. (NASDAQ:AKAM) CFO Edward J. Mcgowan sold 5,520 shares of Akamai Technologies stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $72.40, for a total transaction of $399,648.00. Following the completion of the transaction, the chief financial officer now owns 15,134 shares in the company, valued at $1,095,701.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of NASDAQ AKAM opened at $72.47 on Friday. The firm has a market cap of $11.83 billion, a price-to-earnings ratio of 26.26, a P/E/G ratio of 1.58 and a beta of 0.56. Akamai Technologies, Inc. has a one year low of $57.18 and a one year high of $83.08. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.09 and a current ratio of 2.09.

Akamai Technologies (NASDAQ:AKAM) last issued its earnings results on Tuesday, February 12th. The technology infrastructure company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.00 by $0.07. The company had revenue of $713.36 million for the quarter, compared to analyst estimates of $703.74 million. Akamai Technologies had a net margin of 10.99% and a return on equity of 13.81%. The business’s revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.69 EPS. Analysts forecast that Akamai Technologies, Inc. will post 3.11 EPS for the current year.

Several large investors have recently added to or reduced their stakes in the company. Belpointe Asset Management LLC raised its stake in shares of Akamai Technologies by 12.3% during the 4th quarter. Belpointe Asset Management LLC now owns 1,730 shares of the technology infrastructure company’s stock worth $106,000 after buying an additional 190 shares during the last quarter. Norges Bank acquired a new position in Akamai Technologies in the 4th quarter valued at about $100,218,000. Ashburton Jersey Ltd raised its stake in Akamai Technologies by 17.0% in the 4th quarter. Ashburton Jersey Ltd now owns 4,675 shares of the technology infrastructure company’s stock valued at $286,000 after purchasing an additional 680 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its stake in Akamai Technologies by 2.5% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 12,960 shares of the technology infrastructure company’s stock valued at $792,000 after purchasing an additional 320 shares during the last quarter. Finally, Kresge Foundation acquired a new position in Akamai Technologies in the 4th quarter valued at about $548,000. 87.88% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts recently weighed in on AKAM shares. Morgan Stanley upgraded shares of Akamai Technologies from an “equal weight” rating to an “overweight” rating and lowered their price objective for the company from $82.00 to $79.00 in a research report on Tuesday, January 15th. Craig Hallum lowered their price objective on shares of Akamai Technologies from $91.00 to $82.00 and set a “buy” rating on the stock in a research report on Wednesday, January 9th. Zacks Investment Research lowered shares of Akamai Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 8th. Piper Jaffray Companies decreased their target price on shares of Akamai Technologies to $84.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 8th. Finally, BidaskClub upgraded shares of Akamai Technologies from a “strong sell” rating to a “sell” rating in a research report on Thursday, December 13th. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $81.63.

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Akamai Technologies Company Profile

Akamai Technologies, Inc provides cloud services for delivering, optimizing, and securing content and business applications over the Internet in the United States and internationally. It provides cloud security solutions, including Web Application Protector to safeguard Web assets from Web application and distributed denial of service; Kona Site Defender, a cloud security solution; Bot Manager to identify bots and categorize bots based on business or IT impact; Fast DNS, which translates human-readable domain names into numerical IP addresses; Prolexic Routed to protect Web- and IP-based applications; and Client Reputation that assigns risk scores to malicious IP address and enables customers to take action on individual clients.

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