Investors sold shares of Akamai Technologies, Inc. (NASDAQ:AKAM) on strength during trading hours on Friday following insider selling activity. $15.68 million flowed into the stock on the tick-up and $47.84 million flowed out of the stock on the tick-down, for a money net flow of $32.16 million out of the stock. Of all companies tracked, Akamai Technologies had the 0th highest net out-flow for the day. Akamai Technologies traded up $0.18 for the day and closed at $55.44Specifically, CEO F Thomson Leighton bought 19,670 shares of the stock in a transaction dated Monday, October 16th. The stock was purchased at an average price of $50.83 per share, for a total transaction of $999,826.10. Following the acquisition, the chief executive officer now owns 226,950 shares of the company’s stock, valued at $11,535,868.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Rick M. Mcconnell sold 2,743 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $55.00, for a total transaction of $150,865.00. Following the completion of the sale, the insider now owns 37,010 shares of the company’s stock, valued at approximately $2,035,550. The disclosure for this sale can be found here. Insiders sold a total of 31,181 shares of company stock valued at $1,614,560 over the last three months. Corporate insiders own 3.20% of the company’s stock.

AKAM has been the subject of several analyst reports. Wells Fargo & Company set a $57.00 target price on shares of Akamai Technologies and gave the stock a “hold” rating in a report on Tuesday, October 10th. Robert W. Baird restated a “hold” rating and issued a $52.00 target price on shares of Akamai Technologies in a report on Friday, September 1st. Credit Suisse Group initiated coverage on shares of Akamai Technologies in a report on Tuesday, September 5th. They issued a “neutral” rating and a $50.00 target price for the company. DA Davidson set a $57.00 target price on shares of Akamai Technologies and gave the stock a “hold” rating in a report on Thursday, October 12th. Finally, Instinet restated a “neutral” rating and issued a $47.00 target price (down previously from $48.00) on shares of Akamai Technologies in a report on Tuesday, September 5th. 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 company’s stock. Akamai Technologies has a consensus rating of “Hold” and a consensus price target of $60.73.

The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $9,350.00, a PE ratio of 28.00, a PEG ratio of 2.14 and a beta of 0.66.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings data 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. Akamai Technologies had a net margin of 11.84% and a return on equity of 10.28%. The firm had revenue of $621.00 million for the quarter, compared to the consensus estimate of $610.66 million. During the same quarter in the previous year, the firm earned $0.68 EPS. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. equities research analysts expect that Akamai Technologies, Inc. will post 1.88 EPS for the current year.

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Akamai Technologies by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 16,562,553 shares of the technology infrastructure company’s stock worth $824,981,000 after buying an additional 424,152 shares during the last quarter. First Trust Advisors LP grew its position in shares of Akamai Technologies by 2.3% in the 3rd quarter. First Trust Advisors LP now owns 4,959,149 shares of the technology infrastructure company’s stock worth $241,610,000 after buying an additional 109,826 shares during the last quarter. Fairpointe Capital LLC grew its position in shares of Akamai Technologies by 44.0% in the 2nd quarter. Fairpointe Capital LLC now owns 3,212,227 shares of the technology infrastructure company’s stock worth $160,001,000 after buying an additional 981,069 shares during the last quarter. King Luther Capital Management Corp grew its position in shares of Akamai Technologies by 13.2% in the 2nd quarter. King Luther Capital Management Corp now owns 2,320,833 shares of the technology infrastructure company’s stock worth $115,601,000 after buying an additional 269,793 shares during the last quarter. Finally, Thrivent Financial For Lutherans grew its position in shares of Akamai Technologies by 83.4% in the 2nd quarter. Thrivent Financial For Lutherans now owns 1,908,864 shares of the technology infrastructure company’s stock worth $95,080,000 after buying an additional 867,795 shares during the last quarter. 84.30% of the stock is currently owned by hedge funds and other institutional investors.

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Akamai Technologies Company Profile

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.

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