Akamai Technologies, Inc. (NASDAQ:AKAM) Given Consensus Rating of "Moderate Buy" by Analysts

Shares of Akamai Technologies, Inc. (NASDAQ:AKAM - Get Free Report) have been given a consensus rating of "Moderate Buy" by the twenty-two research firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, fourteen have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $116.10.

AKAM has been the topic of a number of research analyst reports. Robert W. Baird cut their target price on Akamai Technologies from $120.00 to $115.00 and set an "outperform" rating on the stock in a research report on Monday, November 11th. UBS Group assumed coverage on Akamai Technologies in a research note on Monday, December 16th. They set a "neutral" rating and a $110.00 target price on the stock. Evercore ISI reaffirmed an "outperform" rating and issued a $110.00 target price on shares of Akamai Technologies in a research report on Tuesday, December 17th. HSBC upgraded shares of Akamai Technologies from a "hold" rating to a "buy" rating and set a $121.00 price objective for the company in a report on Monday, November 11th. Finally, Citigroup decreased their price target on shares of Akamai Technologies from $104.00 to $102.00 and set a "neutral" rating for the company in a research report on Friday.

Insider Buying and Selling

In related news, EVP Paul C. Joseph sold 4,000 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $91.57, for a total transaction of $366,280.00. Following the completion of the transaction, the executive vice president now directly owns 23,104 shares of the company's stock, valued at $2,115,633.28. This represents a 14.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director William Raymond Wagner sold 1,000 shares of Akamai Technologies stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $93.38, for a total value of $93,380.00. Following the completion of the sale, the director now directly owns 15,719 shares in the company, valued at $1,467,840.22. This represents a 5.98 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,282 shares of company stock valued at $2,099,996 over the last quarter. 2.00% of the stock is currently owned by insiders.

Institutional Trading of Akamai Technologies

Several institutional investors and hedge funds have recently modified their holdings of AKAM. Farther Finance Advisors LLC lifted its stake in shares of Akamai Technologies by 85.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 247 shares of the technology infrastructure company's stock worth $25,000 after purchasing an additional 114 shares during the period. Bruce G. Allen Investments LLC grew its holdings in shares of Akamai Technologies by 38.8% during the 4th quarter. Bruce G. Allen Investments LLC now owns 554 shares of the technology infrastructure company's stock worth $53,000 after purchasing an additional 155 shares during the period. Eastern Bank purchased a new stake in Akamai Technologies during the third quarter worth approximately $71,000. Covestor Ltd boosted its position in Akamai Technologies by 67.7% during the 3rd quarter. Covestor Ltd now owns 887 shares of the technology infrastructure company's stock worth $90,000 after purchasing an additional 358 shares during the period. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of Akamai Technologies in the third quarter valued at about $102,000. Hedge funds and other institutional investors own 94.28% of the company's stock.

Akamai Technologies Trading Up 0.6 %

Shares of NASDAQ:AKAM traded up $0.51 during midday trading on Monday, reaching $91.01. 2,346,395 shares of the company's stock were exchanged, compared to its average volume of 1,235,796. The stock has a market cap of $13.67 billion, a price-to-earnings ratio of 26.93, a P/E/G ratio of 3.17 and a beta of 0.64. Akamai Technologies has a fifty-two week low of $84.70 and a fifty-two week high of $129.17. The firm's 50 day simple moving average is $94.02 and its two-hundred day simple moving average is $97.37. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.33 and a quick ratio of 1.33.

About Akamai Technologies

Akamai Technologies, Inc provides cloud computing, security, and content delivery services 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.