Asset Management One Co. Ltd. Increases Stake in Akamai Technologies, Inc. $AKAM

Asset Management One Co. Ltd. increased its position in Akamai Technologies, Inc. (NASDAQ:AKAM) by 3.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 62,712 shares of the technology infrastructure company’s stock after acquiring an additional 2,204 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Akamai Technologies were worth $5,002,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Alyeska Investment Group L.P. grew its holdings in Akamai Technologies by 1,001.4% during the 1st quarter. Alyeska Investment Group L.P. now owns 1,753,400 shares of the technology infrastructure company’s stock valued at $141,149,000 after buying an additional 1,594,206 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in Akamai Technologies by 1,663.2% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,027,175 shares of the technology infrastructure company’s stock valued at $81,927,000 after buying an additional 968,919 shares in the last quarter. Vontobel Holding Ltd. grew its holdings in Akamai Technologies by 147.0% during the 2nd quarter. Vontobel Holding Ltd. now owns 1,471,281 shares of the technology infrastructure company’s stock valued at $117,349,000 after buying an additional 875,712 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Akamai Technologies during the 2nd quarter valued at about $56,821,000. Finally, Vanguard Group Inc. grew its holdings in Akamai Technologies by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 18,673,358 shares of the technology infrastructure company’s stock valued at $1,503,205,000 after buying an additional 425,461 shares in the last quarter. Institutional investors own 94.28% of the company’s stock.

Wall Street Analysts Forecast Growth

AKAM has been the subject of a number of recent analyst reports. Wall Street Zen raised Akamai Technologies from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Zacks Research raised Akamai Technologies to a “hold” rating in a report on Monday, August 11th. The Goldman Sachs Group assumed coverage on Akamai Technologies in a research report on Wednesday, August 13th. They set a “sell” rating and a $67.00 price target for the company. Raymond James Financial dropped their price target on Akamai Technologies from $110.00 to $84.00 and set an “outperform” rating for the company in a research report on Friday, August 8th. Finally, Scotiabank dropped their price target on Akamai Technologies from $105.00 to $95.00 and set a “sector outperform” rating for the company in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, Akamai Technologies presently has an average rating of “Hold” and an average target price of $92.53.

Insider Buying and Selling

In related news, EVP Aaron Ahola sold 4,000 shares of the business’s stock in a transaction that occurred 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 owned 21,211 shares in the company, valued at $1,606,945.36. The trade was a 15.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Paul C. Joseph sold 5,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 27,349 shares of the company’s stock, valued at $2,096,300.85. The trade was a 15.46% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 12,000 shares of company stock worth $917,290 in the last quarter. 2.00% of the stock is owned by insiders.

Akamai Technologies Stock Performance

NASDAQ:AKAM opened at $75.75 on Wednesday. The business has a 50 day moving average of $76.35 and a 200 day moving average of $77.19. The company has a market capitalization of $10.86 billion, a price-to-earnings ratio of 26.86, a PEG ratio of 3.61 and a beta of 0.75. Akamai Technologies, Inc. has a 1-year low of $67.51 and a 1-year high of $105.26. 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 released its earnings results on Thursday, August 7th. The technology infrastructure company reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.18. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.02 billion. Akamai Technologies had a return on equity of 14.26% and a net margin of 10.40%.Akamai Technologies’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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. On average, sell-side analysts predict that Akamai Technologies, Inc. will post 4.6 earnings per share for the current fiscal year.

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.