Park Avenue Securities LLC Cuts Position in Akamai Technologies, Inc. $AKAM

Park Avenue Securities LLC lessened its holdings in Akamai Technologies, Inc. (NASDAQ:AKAM) by 8.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,364 shares of the technology infrastructure company’s stock after selling 721 shares during the quarter. Park Avenue Securities LLC’s holdings in Akamai Technologies were worth $587,000 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. Alyeska Investment Group L.P. lifted its stake in shares of Akamai Technologies by 1,001.4% in the first quarter. Alyeska Investment Group L.P. now owns 1,753,400 shares of the technology infrastructure company’s stock worth $141,149,000 after buying an additional 1,594,206 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Akamai Technologies by 2.3% in the first quarter. Vanguard Group Inc. now owns 18,673,358 shares of the technology infrastructure company’s stock worth $1,503,205,000 after buying an additional 425,461 shares in the last quarter. Vontobel Holding Ltd. lifted its stake in shares of Akamai Technologies by 234.0% in the first quarter. Vontobel Holding Ltd. now owns 595,569 shares of the technology infrastructure company’s stock worth $47,943,000 after buying an additional 417,260 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Akamai Technologies by 5,385.9% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 353,734 shares of the technology infrastructure company’s stock worth $28,476,000 after buying an additional 347,286 shares in the last quarter. Finally, GMT Capital Corp bought a new position in Akamai Technologies during the first quarter valued at approximately $27,636,000. Institutional investors own 94.28% of the company’s stock.

Akamai Technologies Stock Up 0.9%

Shares of AKAM stock opened at $76.05 on Monday. The company has a market capitalization of $10.90 billion, a price-to-earnings ratio of 26.97, a PEG ratio of 3.66 and a beta of 0.77. Akamai Technologies, Inc. has a one year low of $67.51 and a one year high of $106.80. The company’s fifty day moving average price is $76.74 and its 200-day moving average price is $77.67. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.31 and a quick ratio of 2.31.

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on AKAM shares. 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 price objective on the stock. Morgan Stanley downgraded shares of Akamai Technologies from an “equal weight” rating to an “underweight” rating and set a $85.00 price objective on the stock. in a research report on Tuesday, August 5th. Scotiabank decreased their price target 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. The Goldman Sachs Group started coverage on shares of Akamai Technologies in a research report on Wednesday, August 13th. They issued a “sell” rating and a $67.00 price target on the stock. Finally, Raymond James Financial decreased their price target on shares of Akamai Technologies from $110.00 to $84.00 and set an “outperform” rating on the stock in a research report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $92.39.

Insider Activity

In other news, EVP Paul C. Joseph sold 5,000 shares of the firm’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $76.65, for a total transaction of $383,250.00. Following the sale, the executive vice president directly owned 27,349 shares in the company, valued at $2,096,300.85. This trade represents a 15.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Aaron Ahola sold 4,000 shares of Akamai Technologies stock in a transaction on Wednesday, August 20th. The shares were 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 in the company, valued at approximately $1,606,945.36. This represents a 15.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,000 shares of company stock worth $1,305,990 in the last three months. Company 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.