Akamai Technologies, Inc. $AKAM Stock Holdings Reduced by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lessened its stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 95.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,182 shares of the technology infrastructure company’s stock after selling 153,023 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Akamai Technologies were worth $572,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. LRI Investments LLC boosted its stake in shares of Akamai Technologies by 766.1% during the 2nd quarter. LRI Investments LLC now owns 485 shares of the technology infrastructure company’s stock worth $39,000 after acquiring an additional 429 shares in the last quarter. CWM LLC boosted its stake in Akamai Technologies by 18.0% during the 2nd quarter. CWM LLC now owns 64,869 shares of the technology infrastructure company’s stock valued at $5,174,000 after purchasing an additional 9,881 shares during the period. Vanguard Personalized Indexing Management LLC boosted its stake in Akamai Technologies by 12.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 20,762 shares of the technology infrastructure company’s stock valued at $1,656,000 after purchasing an additional 2,307 shares during the period. Apollon Wealth Management LLC boosted its stake in Akamai Technologies by 9.0% during the 2nd quarter. Apollon Wealth Management LLC now owns 2,751 shares of the technology infrastructure company’s stock valued at $219,000 after purchasing an additional 226 shares during the period. Finally, Aberdeen Group plc boosted its stake in Akamai Technologies by 4.3% during the 2nd quarter. Aberdeen Group plc now owns 151,400 shares of the technology infrastructure company’s stock valued at $12,076,000 after purchasing an additional 6,223 shares during the period. Institutional investors own 94.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on AKAM shares. Bank of America decreased their target price on Akamai Technologies from $100.00 to $80.00 and set a “neutral” rating for the company in a research note on Monday. Raymond James Financial decreased their target price 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. 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 target price for the company. Weiss Ratings downgraded Akamai Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded Akamai Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have given a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, Akamai Technologies has a consensus rating of “Hold” and an average target price of $92.53.

Insider Transactions at Akamai Technologies

In other news, EVP Aaron Ahola sold 4,000 shares of Akamai Technologies stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $75.76, for a total value of $303,040.00. Following the completion of the sale, the executive vice president directly owned 21,211 shares of the company’s stock, valued at approximately $1,606,945.36. This trade represents a 15.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Paul C. Joseph sold 5,000 shares of the business’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $76.65, for a total value of $383,250.00. Following the sale, the executive vice president owned 27,349 shares of the company’s stock, valued at approximately $2,096,300.85. The trade was a 15.46% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,000 shares of company stock valued at $917,290. Corporate insiders own 2.00% of the company’s stock.

Akamai Technologies Trading Down 0.1%

Akamai Technologies stock opened at $74.61 on Friday. The business has a 50 day moving average price of $76.35 and a two-hundred day moving average price of $77.06. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.92. The stock has a market cap of $10.70 billion, a price-to-earnings ratio of 26.46, a price-to-earnings-growth ratio of 3.57 and a beta of 0.75. Akamai Technologies, Inc. has a 12 month low of $67.51 and a 12 month high of $105.26.

Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings results 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. 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 during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the prior year, the firm posted $1.58 EPS. The company’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. As a group, equities analysts forecast that Akamai Technologies, Inc. will post 4.6 EPS for the current year.

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.