Swedbank AB Buys 49,079 Shares of Akamai Technologies, Inc. $AKAM

Swedbank AB increased its holdings in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 60.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 130,837 shares of the technology infrastructure company’s stock after acquiring an additional 49,079 shares during the period. Swedbank AB owned about 0.09% of Akamai Technologies worth $10,436,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Bruce G. Allen Investments LLC lifted its stake in shares of Akamai Technologies by 39.7% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 760 shares of the technology infrastructure company’s stock valued at $61,000 after purchasing an additional 216 shares during the period. Gateway Investment Advisers LLC increased its holdings in Akamai Technologies by 33.9% during the 2nd quarter. Gateway Investment Advisers LLC now owns 28,998 shares of the technology infrastructure company’s stock worth $2,313,000 after purchasing an additional 7,345 shares in the last quarter. Czech National Bank increased its holdings in Akamai Technologies by 3.6% during the 2nd quarter. Czech National Bank now owns 35,737 shares of the technology infrastructure company’s stock worth $2,850,000 after purchasing an additional 1,233 shares in the last quarter. Inspire Investing LLC bought a new position in Akamai Technologies during the 1st quarter worth about $313,000. Finally, Ransom Advisory Ltd bought a new position in Akamai Technologies during the 1st quarter worth about $507,000. 94.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AKAM has been the subject of a number of research analyst reports. Raymond James Financial reduced their price target on Akamai Technologies from $110.00 to $84.00 and set an “outperform” rating for the company in a report on Friday, August 8th. Wall Street Zen upgraded Akamai Technologies from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Zacks Research upgraded Akamai Technologies to a “hold” rating in a report on Monday, August 11th. Morgan Stanley downgraded shares of Akamai Technologies from an “equal weight” rating to an “underweight” rating and set a $85.00 price target for the company. in a research report on Tuesday, August 5th. Finally, KeyCorp began coverage on shares of Akamai Technologies in a research report on Friday, June 6th. They issued an “underweight” rating and a $63.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, Akamai Technologies has a consensus rating of “Hold” and an average price target of $92.39.

Akamai Technologies Price Performance

Shares of NASDAQ AKAM opened at $76.28 on Monday. Akamai Technologies, Inc. has a 1 year low of $67.51 and a 1 year high of $106.80. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.31 and a quick ratio of 2.31. The company’s 50-day moving average is $76.90 and its 200 day moving average is $77.89. The stock has a market capitalization of $10.94 billion, a P/E ratio of 27.05, a P/E/G ratio of 3.67 and a beta of 0.77.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings data on Thursday, August 7th. The technology infrastructure company reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the firm earned $1.58 earnings per share. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. 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, sell-side analysts expect that Akamai Technologies, Inc. will post 4.6 earnings per share for the current year.

Insiders Place Their Bets

In other Akamai Technologies news, CTO Robert Blumofe sold 3,000 shares of the business’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $77.00, for a total value of $231,000.00. Following the completion of the sale, the chief technology officer directly owned 27,910 shares of the company’s stock, valued at $2,149,070. The trade was a 9.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Paul C. Joseph sold 5,000 shares of the business’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $76.65, for a total transaction of $383,250.00. Following the completion of the sale, the executive vice president owned 27,349 shares of the company’s stock, valued at approximately $2,096,300.85. This represents a 15.46% decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,000 shares of company stock valued at $1,305,990 in the last three months. Corporate insiders own 2.00% of the company’s stock.

About Akamai Technologies

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.