F Thomson Leighton Buys 19,670 Shares of Akamai Technologies, Inc. (AKAM) Stock

Akamai Technologies, Inc. (NASDAQ:AKAM) CEO F Thomson Leighton purchased 19,670 shares of Akamai Technologies stock in a transaction dated Monday, October 16th. The stock was bought at an average cost of $50.83 per share, with a total value of $999,826.10. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

  • On Tuesday, August 15th, F Thomson Leighton purchased 21,554 shares of Akamai Technologies stock. The stock was bought at an average cost of $46.91 per share, with a total value of $1,011,098.14.

Shares of Akamai Technologies, Inc. (NASDAQ AKAM) traded up 0.83% during trading on Wednesday, hitting $51.00. The stock had a trading volume of 1,319,155 shares. The stock has a market cap of $8.74 billion, a price-to-earnings ratio of 29.13 and a beta of 0.65. Akamai Technologies, Inc. has a 12-month low of $44.65 and a 12-month high of $71.64. The stock’s 50-day moving average is $48.10 and its 200-day moving average is $50.46.

Akamai Technologies (NASDAQ:AKAM) last announced its quarterly earnings data on Tuesday, July 25th. The technology infrastructure company reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.02. Akamai Technologies had a return on equity of 10.97% and a net margin of 12.67%. The company had revenue of $608.90 million for the quarter, compared to analyst estimates of $604.51 million. During the same quarter in the previous year, the company earned $0.64 EPS. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. On average, equities research analysts expect that Akamai Technologies, Inc. will post $2.51 EPS for the current year.

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A number of institutional investors and hedge funds have recently made changes to their positions in AKAM. Advisory Services Network LLC boosted its holdings in Akamai Technologies by 9.0% in the 2nd quarter. Advisory Services Network LLC now owns 2,025 shares of the technology infrastructure company’s stock valued at $101,000 after purchasing an additional 168 shares in the last quarter. Westwood Holdings Group Inc. purchased a new stake in Akamai Technologies in the 2nd quarter valued at approximately $117,000. BB&T Investment Services Inc. purchased a new stake in Akamai Technologies in the 2nd quarter valued at approximately $119,000. FTB Advisors Inc. boosted its holdings in Akamai Technologies by 2.4% in the 2nd quarter. FTB Advisors Inc. now owns 2,538 shares of the technology infrastructure company’s stock valued at $125,000 after purchasing an additional 59 shares in the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. boosted its holdings in Akamai Technologies by 79.4% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,332 shares of the technology infrastructure company’s stock valued at $139,000 after purchasing an additional 1,032 shares in the last quarter. 84.40% of the stock is currently owned by institutional investors.

Several research analysts have recently commented on the company. Zacks Investment Research lowered Akamai Technologies from a “hold” rating to a “sell” rating in a research report on Monday. B. Riley reissued a “buy” rating and issued a $60.00 price target on shares of Akamai Technologies in a research report on Friday, July 28th. DA Davidson set a $57.00 price target on Akamai Technologies and gave the stock a “hold” rating in a research report on Thursday, October 12th. Guggenheim raised Akamai Technologies from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $53.00 to $54.00 in a research report on Monday, October 2nd. Finally, Instinet reissued a “neutral” rating and issued a $47.00 price target on shares of Akamai Technologies in a research report on Friday, October 6th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $59.64.

About Akamai Technologies

Akamai Technologies, Inc is engaged in providing cloud services for delivering, optimizing and securing content and business applications over the Internet. The Company is involved in offering content delivery network (CDN) services. Its services include the delivery of content, applications and software over the Internet, as well as mobile and security solutions.

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