Akamai Technologies (NASDAQ:AKAM) Coverage Initiated at UBS Group

UBS Group initiated coverage on shares of Akamai Technologies (NASDAQ:AKAM - Free Report) in a research report released on Monday morning, Marketbeat reports. The firm issued a neutral rating and a $110.00 target price on the technology infrastructure company's stock.

Several other equities analysts have also issued reports on AKAM. Oppenheimer raised Akamai Technologies from a "market perform" rating to an "outperform" rating and set a $120.00 target price on the stock in a research note on Monday, December 2nd. Robert W. Baird cut their price target on shares of Akamai Technologies from $120.00 to $115.00 and set an "outperform" rating on the stock in a research note on Monday, November 11th. Tigress Financial reissued a "strong-buy" rating and issued a $140.00 price objective on shares of Akamai Technologies in a research note on Thursday, August 29th. 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, Scotiabank reduced their target price on shares of Akamai Technologies from $115.00 to $112.00 and set a "sector outperform" rating on the stock in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $117.21.

Akamai Technologies Trading Down 2.0 %

NASDAQ AKAM traded down $1.94 on Monday, reaching $97.30. The stock had a trading volume of 1,525,876 shares, compared to its average volume of 1,675,576. Akamai Technologies has a 12-month low of $84.70 and a 12-month high of $129.17. The stock has a fifty day moving average price of $98.12 and a two-hundred day moving average price of $96.62. The firm has a market capitalization of $14.62 billion, a price-to-earnings ratio of 28.79, a P/E/G ratio of 3.83 and a beta of 0.65. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.50.

Insider Activity at Akamai Technologies

In other Akamai Technologies news, CFO Edward J. Mcgowan sold 10,782 shares of Akamai Technologies stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $98.71, for a total transaction of $1,064,291.22. Following the transaction, the chief financial officer now owns 12,716 shares of the company's stock, valued at $1,255,196.36. The trade was a 45.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Paul C. Joseph sold 4,000 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $88.63, for a total value of $354,520.00. Following the completion of the sale, the executive vice president now directly owns 26,703 shares of the company's stock, valued at $2,366,686.89. The trade was a 13.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,282 shares of company stock valued at $1,733,716 over the last ninety days. Insiders own 1.80% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. V Square Quantitative Management LLC raised its stake in shares of Akamai Technologies by 2.0% during the third quarter. V Square Quantitative Management LLC now owns 5,113 shares of the technology infrastructure company's stock worth $516,000 after purchasing an additional 102 shares during the last quarter. Empirical Finance LLC increased its stake in Akamai Technologies by 2.0% in the 3rd quarter. Empirical Finance LLC now owns 5,327 shares of the technology infrastructure company's stock valued at $538,000 after buying an additional 103 shares during the period. Van ECK Associates Corp raised its position in Akamai Technologies by 6.1% during the 3rd quarter. Van ECK Associates Corp now owns 1,836 shares of the technology infrastructure company's stock worth $189,000 after buying an additional 105 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Akamai Technologies by 85.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 247 shares of the technology infrastructure company's stock worth $25,000 after acquiring an additional 114 shares during the period. Finally, D.A. Davidson & CO. boosted its holdings in shares of Akamai Technologies by 1.3% in the third quarter. D.A. Davidson & CO. now owns 8,860 shares of the technology infrastructure company's stock valued at $894,000 after acquiring an additional 115 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

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.