Signaturefd LLC Boosts Position in Akamai Technologies, Inc. $AKAM

Signaturefd LLC increased its holdings in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 21.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,790 shares of the technology infrastructure company’s stock after purchasing an additional 322 shares during the quarter. Signaturefd LLC’s holdings in Akamai Technologies were worth $143,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in Akamai Technologies by 101.4% in the fourth quarter. Brighton Jones LLC now owns 4,016 shares of the technology infrastructure company’s stock valued at $384,000 after buying an additional 2,022 shares during the last quarter. GAMMA Investing LLC lifted its stake in Akamai Technologies by 5,951.4% in the first quarter. GAMMA Investing LLC now owns 253,978 shares of the technology infrastructure company’s stock valued at $20,445,000 after buying an additional 249,781 shares during the last quarter. Rhumbline Advisers lifted its stake in Akamai Technologies by 11.1% in the first quarter. Rhumbline Advisers now owns 307,343 shares of the technology infrastructure company’s stock valued at $24,741,000 after buying an additional 30,638 shares during the last quarter. Davis Capital Management lifted its stake in Akamai Technologies by 15.8% in the first quarter. Davis Capital Management now owns 9,108 shares of the technology infrastructure company’s stock valued at $733,000 after buying an additional 1,245 shares during the last quarter. Finally, Park Avenue Securities LLC lifted its stake in Akamai Technologies by 8.7% in the first quarter. Park Avenue Securities LLC now owns 8,085 shares of the technology infrastructure company’s stock valued at $651,000 after buying an additional 647 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on AKAM. Raymond James Financial reduced their price objective on Akamai Technologies from $110.00 to $84.00 and set an “outperform” rating for the company in a research note on Friday, August 8th. Weiss Ratings restated a “hold (c-)” rating on shares of Akamai Technologies in a research note on Saturday, September 27th. The Goldman Sachs Group started coverage on Akamai Technologies in a research note on Wednesday, August 13th. They set a “sell” rating and a $67.00 price target for the company. Scotiabank cut their price target on Akamai Technologies from $105.00 to $95.00 and set a “sector outperform” rating for the company in a research note on Friday, August 8th. Finally, KeyCorp started coverage on Akamai Technologies in a research note on Friday, June 6th. They set an “underweight” rating and a $63.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $92.39.

Akamai Technologies Stock Performance

NASDAQ AKAM opened at $77.56 on Friday. The business’s 50-day moving average price is $76.38 and its 200 day moving average price is $77.55. Akamai Technologies, Inc. has a twelve month low of $67.51 and a twelve month high of $106.80. The company has a market capitalization of $11.12 billion, a PE ratio of 27.50, a price-to-earnings-growth ratio of 3.75 and a beta of 0.75. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.92.

Akamai Technologies (NASDAQ:AKAM) last released its earnings results 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 return on equity of 14.26% and a net margin of 10.40%.The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the business posted $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, research analysts predict that Akamai Technologies, Inc. will post 4.6 earnings per share for the current year.

Insider Buying and Selling

In related news, CTO Robert Blumofe sold 3,000 shares of the stock in a transaction dated Friday, August 22nd. The stock was 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 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 can be accessed through this hyperlink. Also, EVP Paul C. Joseph sold 5,000 shares of the stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $76.65, for a total value of $383,250.00. Following the transaction, the executive vice president owned 27,349 shares in the company, valued at $2,096,300.85. This trade represents a 15.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,000 shares of company stock worth $1,305,990. 2.00% of the stock is owned by company insiders.

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.