Akamai Technologies (NASDAQ:AKAM) was upgraded by equities researchers at Vetr from a “buy” rating to a “strong-buy” rating in a report released on Monday. The brokerage presently has a $71.78 price target on the technology infrastructure company’s stock. Vetr‘s price target points to a potential upside of 11.30% from the stock’s previous close.

A number of other analysts have also commented on the company. MKM Partners boosted their price target on Akamai Technologies to $84.00 and gave the company a “buy” rating in a report on Thursday, February 8th. William Blair reaffirmed an “outperform” rating on shares of Akamai Technologies in a research report on Tuesday, February 6th. Piper Jaffray Companies lifted their target price on Akamai Technologies to $78.00 and gave the company an “overweight” rating in a research report on Wednesday, February 7th. Credit Suisse Group lifted their target price on Akamai Technologies from $75.00 to $78.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. Finally, Robert W. Baird lifted their target price on Akamai Technologies from $62.00 to $72.00 and gave the company a “neutral” rating in a research report on Wednesday, February 7th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $68.95.

Shares of Akamai Technologies (AKAM) opened at $64.49 on Monday. The company has a market capitalization of $10,910.00, a PE ratio of 51.18, a PEG ratio of 2.37 and a beta of 0.70. Akamai Technologies has a twelve month low of $44.65 and a twelve month high of $69.56. The company has a quick ratio of 3.01, a current ratio of 2.82 and a debt-to-equity ratio of 0.20.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings results on Tuesday, February 6th. The technology infrastructure company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.06. The company had revenue of $663.50 million for the quarter, compared to analyst estimates of $649.08 million. Akamai Technologies had a return on equity of 9.90% and a net margin of 8.72%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.72 earnings per share. sell-side analysts anticipate that Akamai Technologies will post 2.12 EPS for the current year.

In other Akamai Technologies news, insider Rick M. Mcconnell sold 48,369 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $56.83, for a total transaction of $2,748,810.27. Following the transaction, the insider now owns 45,974 shares of the company’s stock, valued at $2,612,702.42. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Rick M. Mcconnell sold 2,743 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $55.00, for a total value of $150,865.00. Following the transaction, the insider now directly owns 37,010 shares in the company, valued at approximately $2,035,550. The disclosure for this sale can be found here. In the last three months, insiders have sold 61,112 shares of company stock worth $3,562,575. Company insiders own 3.20% of the company’s stock.

Several large investors have recently modified their holdings of AKAM. Advisory Services Network LLC boosted its holdings in shares of Akamai Technologies by 9.0% during the second quarter. Advisory Services Network LLC now owns 2,025 shares of the technology infrastructure company’s stock worth $101,000 after acquiring an additional 168 shares during the period. CenterStar Asset Management LLC bought a new stake in shares of Akamai Technologies during the fourth quarter worth approximately $114,000. Westwood Holdings Group Inc. bought a new stake in shares of Akamai Technologies during the second quarter worth approximately $117,000. Delpha Capital Management LLC bought a new stake in shares of Akamai Technologies during the fourth quarter worth approximately $177,000. Finally, Wealth Architects LLC bought a new stake in shares of Akamai Technologies during the fourth quarter worth approximately $202,000. Institutional investors own 86.29% of the company’s stock.

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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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Akamai Technologies (NASDAQ:AKAM)

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