526 Shares in Akamai Technologies, Inc. $AKAM Acquired by AlphaQuest LLC

AlphaQuest LLC bought a new position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 526 shares of the technology infrastructure company’s stock, valued at approximately $42,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Beverly Hills Private Wealth LLC lifted its position in shares of Akamai Technologies by 4.7% in the 1st quarter. Beverly Hills Private Wealth LLC now owns 2,828 shares of the technology infrastructure company’s stock worth $228,000 after purchasing an additional 126 shares during the period. Opes Wealth Management LLC lifted its position in shares of Akamai Technologies by 2.7% in the 1st quarter. Opes Wealth Management LLC now owns 4,872 shares of the technology infrastructure company’s stock worth $392,000 after purchasing an additional 128 shares during the period. Amalgamated Bank lifted its position in shares of Akamai Technologies by 0.5% in the 1st quarter. Amalgamated Bank now owns 29,080 shares of the technology infrastructure company’s stock worth $2,341,000 after purchasing an additional 139 shares during the period. Horizon Investments LLC lifted its position in shares of Akamai Technologies by 7.2% in the 1st quarter. Horizon Investments LLC now owns 2,220 shares of the technology infrastructure company’s stock worth $179,000 after purchasing an additional 149 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its position in shares of Akamai Technologies by 54.8% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 438 shares of the technology infrastructure company’s stock worth $35,000 after purchasing an additional 155 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.

Analyst Ratings Changes

AKAM has been the topic of a number of recent analyst reports. Morgan Stanley downgraded shares of Akamai Technologies from an “equal weight” rating to an “underweight” rating and set a $85.00 price target on the stock. in a research report on Tuesday, August 5th. KeyCorp started coverage on shares of Akamai Technologies in a research report on Friday, June 6th. They set an “underweight” rating and a $63.00 target price on the stock. Zacks Research upgraded shares of Akamai Technologies to a “hold” rating in a research report on Monday, August 11th. Scotiabank dropped their target price on shares of Akamai Technologies from $105.00 to $95.00 and set a “sector outperform” rating on the stock in a research report on Friday, August 8th. Finally, UBS Group boosted their target price on shares of Akamai Technologies from $85.00 to $90.00 and gave the company a “neutral” rating in a research report on Friday, May 9th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Akamai Technologies has a consensus rating of “Hold” and a consensus target price of $92.39.

Akamai Technologies Stock Performance

AKAM opened at $77.19 on Friday. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.92. The company’s fifty day moving average price is $77.37 and its two-hundred day moving average price is $78.52. Akamai Technologies, Inc. has a 1-year low of $67.51 and a 1-year high of $106.80. The company has a market cap of $11.07 billion, a price-to-earnings ratio of 27.37, a PEG ratio of 3.79 and a beta of 0.77.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings data on Thursday, August 7th. The technology infrastructure company reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.18. Akamai Technologies had a net margin of 10.40% and a return on equity of 14.26%. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the company posted $1.58 earnings per share. The business’s revenue was up 6.5% on a year-over-year basis. Akamai Technologies has set its FY 2025 guidance at 6.600-6.800 EPS. Q3 2025 guidance at 1.620-1.660 EPS. On average, analysts expect that Akamai Technologies, Inc. will post 4.6 EPS for the current fiscal year.

Insiders Place Their Bets

In other Akamai Technologies news, CTO Robert Blumofe sold 3,000 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $77.00, for a total transaction of $231,000.00. Following the transaction, the chief technology officer owned 27,910 shares in the company, valued at approximately $2,149,070. This represents a 9.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Aaron Ahola sold 4,000 shares of the company’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $75.76, for a total transaction of $303,040.00. Following the completion of the sale, the executive vice president owned 21,211 shares of the company’s stock, valued at approximately $1,606,945.36. The trade was a 15.87% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,000 shares of company stock worth $922,740. Insiders own 2.00% of the company’s stock.

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.