F Thomson Leighton Purchases 285 Shares of Akamai Technologies, Inc. (NASDAQ:AKAM) Stock

Akamai Technologies, Inc. (NASDAQ:AKAM – Get Rating) CEO F Thomson Leighton purchased 285 shares of the business’s stock in a transaction on Monday, January 23rd. The shares were acquired at an average cost of $87.99 per share, with a total value of $25,077.15. Following the acquisition, the chief executive officer now directly owns 8,117 shares in the company, valued at $714,214.83. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

F Thomson Leighton also recently made the following trade(s):

• On Thursday, January 19th, F Thomson Leighton purchased 285 shares of Akamai Technologies stock. The shares were acquired at an average cost of $87.88 per share, with a total value of $25,045.80.
• On Tuesday, January 17th, F Thomson Leighton purchased 282 shares of Akamai Technologies stock. The shares were acquired at an average cost of $88.86 per share, with a total value of $25,058.52.
• On Friday, January 13th, F Thomson Leighton bought 283 shares of Akamai Technologies stock. The shares were purchased at an average cost of $88.50 per share, with a total value of $25,045.50.
• On Wednesday, January 11th, F Thomson Leighton purchased 285 shares of Akamai Technologies stock. The stock was bought at an average price of $87.96 per share, for a total transaction of $25,068.60.
• On Thursday, January 5th, F Thomson Leighton purchased 293 shares of Akamai Technologies stock. The stock was bought at an average price of $85.50 per share, for a total transaction of $25,051.50.
• On Tuesday, January 3rd, F Thomson Leighton purchased 295 shares of Akamai Technologies stock. The stock was bought at an average price of $84.98 per share, for a total transaction of $25,069.10.
• On Thursday, December 29th, F Thomson Leighton purchased 298 shares of Akamai Technologies stock. The stock was bought at an average price of $83.97 per share, for a total transaction of $25,023.06.
• On Tuesday, December 27th, F Thomson Leighton purchased 302 shares of Akamai Technologies stock. The stock was bought at an average price of $83.03 per share, for a total transaction of $25,075.06.
• On Monday, December 19th, F Thomson Leighton bought 294 shares of Akamai Technologies stock. The stock was acquired at an average price of $85.07 per share, for a total transaction of $25,010.58.
• On Friday, December 16th, F Thomson Leighton bought 294 shares of Akamai Technologies stock. The stock was acquired at an average price of $85.11 per share, for a total transaction of $25,022.34.

Akamai Technologies Trading Down 1.6 %

Shares of Akamai Technologies stock traded down $1.44 during midday trading on Tuesday, reaching $87.75. The company had a trading volume of 1,154,072 shares, compared to its average volume of 1,214,705. The stock has a fifty day moving average price of $88.26 and a 200 day moving average price of $88.73. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.25 and a quick ratio of 2.25. The firm has a market cap of $13.80 billion, a PE ratio of 28.59, a P/E/G ratio of 1.65 and a beta of 0.74. Akamai Technologies, Inc. has a fifty-two week low of $76.28 and a fifty-two week high of $123.25.

Akamai Technologies (NASDAQ:AKAM – Get Rating) last posted its quarterly earnings data on Tuesday, November 8th. The technology infrastructure company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.07). The company had revenue of $881.90 million during the quarter, compared to analyst estimates of $875.99 million. Akamai Technologies had a return on equity of 16.00% and a net margin of 14.12%. Akamai Technologies’s 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 earnings per share. On average, equities analysts anticipate that Akamai Technologies, Inc. will post 4.18 earnings per share for the current year.

Hedge Funds Weigh In On Akamai Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Fairfield Bush & CO. acquired a new position in Akamai Technologies in the first quarter valued at approximately $107,000. Private Advisor Group LLC lifted its stake in Akamai Technologies by 16.0% in the first quarter. Private Advisor Group LLC now owns 4,491 shares of the technology infrastructure company’s stock valued at $536,000 after buying an additional 620 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Akamai Technologies by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,740 shares of the technology infrastructure company’s stock valued at $2,596,000 after buying an additional 1,346 shares during the period. Cibc World Market Inc. raised its position in shares of Akamai Technologies by 2.3% during the first quarter. Cibc World Market Inc. now owns 10,741 shares of the technology infrastructure company’s stock worth $1,282,000 after purchasing an additional 237 shares during the period. Finally, Cetera Investment Advisers raised its position in shares of Akamai Technologies by 48.7% during the first quarter. Cetera Investment Advisers now owns 2,789 shares of the technology infrastructure company’s stock worth $333,000 after purchasing an additional 914 shares during the period. 90.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Tigress Financial decreased their target price on Akamai Technologies from $168.00 to $132.00 in a research report on Wednesday, December 7th. Cowen decreased their target price on Akamai Technologies from $164.00 to $137.00 in a research report on Wednesday, November 9th. Robert W. Baird decreased their target price on Akamai Technologies to $90.00 in a research report on Tuesday, November 15th. DA Davidson decreased their target price on Akamai Technologies to $100.00 in a research report on Tuesday, November 15th. Finally, Evercore ISI reduced their price target on Akamai Technologies to $105.00 in a report on Tuesday, November 15th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Akamai Technologies has a consensus rating of “Hold” and an average price target of $107.53.

Akamai Technologies Company Profile

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Akamai Technologies, Inc engages in the provision of cloud services for delivering, optimizing, and securing content and business applications over the Internet. Its products include security, web performance, media delivery, and network operator. The company was founded by Frank T. Leighton, Jonathan Seelig, Randall S.