Akamai Technologies (NASDAQ:AKAM) Research Coverage Started at UBS Group

UBS Group assumed coverage on shares of Akamai Technologies (NASDAQ:AKAM) in a research note published on Monday morning, Marketbeat.com reports. The firm issued a neutral rating and a $110.00 target price on the technology infrastructure company’s stock.

Several other brokerages have also recently weighed in on AKAM. Hsbc Global Res upgraded Akamai Technologies from a “hold” rating to a “strong-buy” rating in a report on Monday, November 11th. Robert W. Baird dropped their price objective on shares of Akamai Technologies from $120.00 to $115.00 and set an “outperform” rating for the company in a report on Monday, November 11th. HSBC upgraded shares of Akamai Technologies from a “hold” rating to a “buy” rating and set a $121.00 target price on the stock in a report on Monday, November 11th. Oppenheimer raised shares of Akamai Technologies from a “market perform” rating to an “outperform” rating and set a $120.00 price target on the stock in a research report on Monday, December 2nd. Finally, Tigress Financial reiterated a “strong-buy” rating and issued a $140.00 price objective on shares of Akamai Technologies in a research report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $116.85.

Akamai Technologies Trading Down 3.3 %

Akamai Technologies stock opened at $94.12 on Monday. Akamai Technologies has a 52 week low of $84.70 and a 52 week high of $129.17. The stock has a 50-day moving average price of $97.86 and a 200 day moving average price of $96.63. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $14.14 billion, a price-to-earnings ratio of 27.85, a price-to-earnings-growth ratio of 3.83 and a beta of 0.65.

Insider Activity

In other Akamai Technologies news, Director William Raymond Wagner sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $93.38, for a total transaction of $93,380.00. Following the completion of the sale, the director now directly owns 15,719 shares in the company, valued at approximately $1,467,840.22. This trade represents a 5.98 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CTO Robert Blumofe sold 2,500 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $88.61, for a total transaction of $221,525.00. Following the completion of the transaction, the chief technology officer now directly owns 19,510 shares in the company, valued at $1,728,781.10. This trade represents a 11.36 % 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 worth $1,733,716 over the last 90 days. 2.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

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

Akamai Technologies Company Profile

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.