1 week Ago By ABMN Staff
Akamai Technologies, Inc. ( NASDAQ:AKAM – Free Report ) – Equities research analysts at DA Davidson increased their FY2025 EPS estimates for shares of Akamai Technologies in a research note issued on Thursday, December 19th. DA Davidson analyst R.
Kessinger now forecasts that the technology infrastructure company will post earnings per share of $4.72 for the year, up from their prior forecast of $4.55.
The consensus estimate for Akamai Technologies’ current full-year earnings is $4.29 per share. A number of other equities research analysts have also recently weighed in on the company.
Hsbc Global Res raised Akamai Technologies from a “hold” rating to a “strong-buy” rating in a report on Monday, November 11th. Scotiabank cut their target price on Akamai Technologies from $115.00 to $112.
00 and set a “sector outperform” rating on the stock in a research note on Friday, November 8th. Evercore ISI reissued an “outperform” rating and issued a $110.00 price target on shares of Akamai Technologies in a research note 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 on the stock in a research note on Monday, November 11th. Finally, UBS Group initiated coverage on shares of Akamai Technologies in a research report on Monday, December 16th.
They issued a “neutral” rating and a $110.00 target price for the company. One analyst has rated the stock with a sell rating, six have issued 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 stock currently has an average rating of “Moderate Buy” and an average target price of $116.85. Akamai Technologies Trading Up 0.
7 % Akamai Technologies stock opened at $96.60 on Monday. Akamai Technologies has a 52-week low of $84.
70 and a 52-week high of $129.17. 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 firm has a market capitalization of $14.51 billion, a price-to-earnings ratio of 28.58, a PEG ratio of 3.
83 and a beta of 0.65. The firm has a 50-day moving average price of $97.
51 and a two-hundred day moving average price of $96.74. Insider Activity at Akamai Technologies In other news, EVP Paul C.
Joseph sold 4,000 shares of Akamai Technologies stock in a transaction on Friday, November 15th. The stock was sold at an average price of $88.63, for a total transaction of $354,520.
00. Following the transaction, the executive vice president now owns 26,703 shares in the company, valued at approximately $2,366,686.89.
The trade was a 13.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website .
Also, CFO Edward J. Mcgowan sold 10,782 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $98.
71, for a total value of $1,064,291.22. Following the completion of the sale, the chief financial officer now directly owns 12,716 shares of the company’s stock, valued at approximately $1,255,196.
36. This represents a 45.88 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . Insiders sold 18,282 shares of company stock worth $1,733,716 in the last quarter. 1.
80% of the stock is owned by company insiders. Hedge Funds Weigh In On Akamai Technologies A number of large investors have recently made changes to their positions in the business. Geode Capital Management LLC boosted its stake in shares of Akamai Technologies by 5.
1% during the 3rd quarter. Geode Capital Management LLC now owns 4,197,009 shares of the technology infrastructure company’s stock valued at $423,066,000 after buying an additional 202,746 shares during the period. Earnest Partners LLC raised its holdings in shares of Akamai Technologies by 1.
3% during the second quarter. Earnest Partners LLC now owns 2,131,061 shares of the technology infrastructure company’s stock worth $191,966,000 after acquiring an additional 28,135 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Akamai Technologies by 25.
1% during the second quarter. Dimensional Fund Advisors LP now owns 1,732,750 shares of the technology infrastructure company’s stock valued at $156,088,000 after purchasing an additional 347,626 shares during the last quarter. Disciplined Growth Investors Inc.
MN grew its stake in Akamai Technologies by 6.3% in the third quarter. Disciplined Growth Investors Inc.
MN now owns 1,499,760 shares of the technology infrastructure company’s stock valued at $151,401,000 after purchasing an additional 88,732 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Akamai Technologies by 1.
3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 892,356 shares of the technology infrastructure company’s stock worth $90,083,000 after purchasing an additional 11,272 shares in the last quarter.
Institutional investors and hedge funds own 94.28% of the company’s stock. About Akamai Technologies ( Get Free Report ) 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. Featured Articles Receive News & Ratings for Akamai Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Akamai Technologies and related companies with MarketBeat.com's FREE daily email newsletter .
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