A number of other research firms have also issued reports on AKAM. William Blair reaffirmed an “outperform” rating on shares of Akamai Technologies in a research note on Wednesday. Craig Hallum upped their target price on Akamai Technologies from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday. Oppenheimer upped their target price on Akamai Technologies from $100.00 to $112.00 and gave the company an “outperform” rating in a research note on Wednesday. SunTrust Banks upped their target price on Akamai Technologies from $95.00 to $108.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Cowen lowered Akamai Technologies from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and sixteen have issued a buy rating to the company. Akamai Technologies presently has an average rating of “Buy” and an average price target of $100.26.
AKAM opened at $99.67 on Friday. The stock has a market cap of $15.47 billion, a P/E ratio of 36.24, a P/E/G ratio of 2.13 and a beta of 0.53. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.74 and a quick ratio of 3.74. The stock’s 50 day simple moving average is $93.25 and its 200 day simple moving average is $89.31. Akamai Technologies has a 1-year low of $67.28 and a 1-year high of $103.29.
Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings results on Tuesday, February 11th. The technology infrastructure company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.10. Akamai Technologies had a return on equity of 16.76% and a net margin of 15.98%. The business had revenue of $772.12 million for the quarter, compared to analysts’ expectations of $749.76 million. During the same quarter in the prior year, the firm posted $1.07 EPS. Research analysts expect that Akamai Technologies will post 3.44 EPS for the current fiscal year.
In other Akamai Technologies news, Director Bernardus Johannes M. Verwaayen sold 25,062 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $87.74, for a total transaction of $2,198,939.88. Following the transaction, the director now owns 25,062 shares of the company’s stock, valued at approximately $2,198,939.88. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 2.40% of the company’s stock.
Institutional investors have recently modified their holdings of the business. Captrust Financial Advisors raised its position in shares of Akamai Technologies by 176.7% in the 4th quarter. Captrust Financial Advisors now owns 8,323 shares of the technology infrastructure company’s stock worth $729,000 after buying an additional 5,315 shares during the period. Cubist Systematic Strategies LLC purchased a new position in shares of Akamai Technologies in the 4th quarter worth $304,000. Avestar Capital LLC raised its position in shares of Akamai Technologies by 8.1% in the 4th quarter. Avestar Capital LLC now owns 3,590 shares of the technology infrastructure company’s stock worth $310,000 after buying an additional 268 shares during the period. Blueshift Asset Management LLC purchased a new position in shares of Akamai Technologies in the 4th quarter worth $522,000. Finally, First Republic Investment Management Inc. increased its holdings in Akamai Technologies by 3.6% in the 4th quarter. First Republic Investment Management Inc. now owns 23,980 shares of the technology infrastructure company’s stock valued at $2,071,000 after purchasing an additional 825 shares in the last quarter. 89.32% of the stock is currently owned by institutional investors.
About Akamai Technologies
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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