Akamai Technologies, Inc. (NASDAQ:AKAM) Given Average Rating of "Hold" by Analysts – MarketBeat
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Akamai Technologies, Inc. (NASDAQ:AKAM – Get Rating) has been assigned a consensus rating of “Hold” from the nineteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $113.87.
A number of equities research analysts have recently issued reports on AKAM shares. Cowen dropped their target price on shares of Akamai Technologies from $164.00 to $137.00 in a report on Wednesday. Morgan Stanley lowered their price target on shares of Akamai Technologies from $98.00 to $92.00 and set an “equal weight” rating on the stock in a report on Wednesday. Robert W. Baird lowered their price target on shares of Akamai Technologies from $102.00 to $95.00 and set a “neutral” rating on the stock in a report on Thursday, August 11th. Citigroup lowered their price target on shares of Akamai Technologies from $105.00 to $98.00 in a report on Wednesday, August 10th. Finally, KeyCorp lowered their price target on shares of Akamai Technologies from $116.00 to $110.00 and set an “overweight” rating on the stock in a report on Wednesday.
Insider Transactions at Akamai Technologies
In related news, EVP Paul C. Joseph sold 1,500 shares of the stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $80.79, for a total transaction of $121,185.00. Following the sale, the executive vice president now owns 31,183 shares in the company, valued at approximately $2,519,274.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.70% of the company’s stock.
Institutional Trading of Akamai Technologies
Several large investors have recently made changes to their positions in AKAM. Zions Bancorporation N.A. boosted its position in shares of Akamai Technologies by 73.7% during the 3rd quarter. Zions Bancorporation N.A. now owns 311 shares of the technology infrastructure company’s stock worth $25,000 after acquiring an additional 132 shares in the last quarter. Ancora Advisors LLC boosted its position in Akamai Technologies by 103.3% in the first quarter. Ancora Advisors LLC now owns 250 shares of the technology infrastructure company’s stock valued at $25,000 after buying an additional 127 shares in the last quarter. CX Institutional acquired a new stake in Akamai Technologies in the second quarter valued at approximately $28,000. Karlinski Andrew C acquired a new stake in Akamai Technologies in the first quarter valued at approximately $30,000. Finally, Larson Financial Group LLC acquired a new stake in Akamai Technologies in the second quarter valued at approximately $41,000. Institutional investors and hedge funds own 92.23% of the company’s stock.
Akamai Technologies Trading Up 0.5 %
Akamai Technologies stock opened at $93.35 on Friday. The firm has a 50-day moving average of $85.36 and a 200-day moving average of $92.53. Akamai Technologies has a one year low of $76.28 and a one year high of $123.25. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.92 and a quick ratio of 1.92. The company has a market cap of $14.68 billion, a price-to-earnings ratio of 29.92, a P/E/G ratio of 1.67 and a beta of 0.71.
Akamai Technologies (NASDAQ:AKAM – Get Rating) last issued its earnings results on Tuesday, November 8th. The technology infrastructure company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.04. The company had revenue of $881.90 million for the quarter, compared to analysts’ expectations of $875.99 million. Akamai Technologies had a net margin of 14.12% and a return on equity of 15.87%. Akamai Technologies’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.20 EPS. On average, equities analysts expect that Akamai Technologies will post 4.18 earnings per share for the current fiscal year.
Akamai Technologies Company Profile
(Get Rating)
Akamai Technologies, Inc provides cloud services for securing, delivering, and optimizing content and business applications over the internet in the United States and internationally. The company offers cloud solutions to keep infrastructure, websites, applications, application programming interfaces, and users safe from various cyberattacks and online threats while enhancing performance.
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