Intech Investment Management LLC Lowers Stake in Akamai Technologies, Inc. $AKAM

Intech Investment Management LLC decreased its position in Akamai Technologies, Inc. (NASDAQ:AKAM) by 20.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,450 shares of the technology infrastructure company’s stock after selling 9,344 shares during the period. Intech Investment Management LLC’s holdings in Akamai Technologies were worth $2,854,000 at the end of the most recent quarter.

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

Insiders Place Their Bets

In other news, CTO Robert Blumofe sold 3,000 shares of the business’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 directly owned 27,910 shares of the company’s stock, valued at approximately $2,149,070. The trade was a 9.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Aaron Ahola sold 4,000 shares of the business’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 transaction, the executive vice president directly owned 21,211 shares in the company, valued at approximately $1,606,945.36. The trade was a 15.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,000 shares of company stock worth $922,740 over the last ninety days. 2.00% of the stock is owned by company insiders.

Akamai Technologies Price Performance

AKAM opened at $76.84 on Monday. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.92. Akamai Technologies, Inc. has a 52-week low of $67.51 and a 52-week high of $106.80. The company has a 50 day moving average of $77.20 and a two-hundred day moving average of $78.08. The company has a market cap of $11.02 billion, a P/E ratio of 27.25, a P/E/G ratio of 3.69 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 (EPS) 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 company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the previous year, the firm earned $1.58 earnings per share. Akamai Technologies’s revenue for the quarter 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 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on AKAM shares. Piper Sandler lowered their price target on shares of Akamai Technologies from $88.00 to $83.00 and set a “neutral” rating for the company in a report on Friday, August 8th. KeyCorp started coverage on shares of Akamai Technologies in a report on Friday, June 6th. They set an “underweight” rating and a $63.00 price target for the company. Scotiabank lowered their price target on shares of Akamai Technologies from $105.00 to $95.00 and set a “sector outperform” rating for the company in a report on Friday, August 8th. The Goldman Sachs Group initiated coverage on shares of Akamai Technologies in a report on Wednesday, August 13th. They set a “sell” rating and a $67.00 price target for the company. Finally, Zacks Research upgraded shares of Akamai Technologies to a “hold” rating in a report on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $92.39.

Akamai Technologies 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.