AE Wealth Management LLC Sells 1,196 Shares of Akamai Technologies, Inc. $AKAM

AE Wealth Management LLC lowered its holdings in Akamai Technologies, Inc. (NASDAQ:AKAM) by 6.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,621 shares of the technology infrastructure company’s stock after selling 1,196 shares during the period. AE Wealth Management LLC’s holdings in Akamai Technologies were worth $1,326,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. WPG Advisers LLC purchased a new position in shares of Akamai Technologies in the 1st quarter worth about $27,000. UMB Bank n.a. raised its position in Akamai Technologies by 50.8% in the second quarter. UMB Bank n.a. now owns 395 shares of the technology infrastructure company’s stock worth $32,000 after acquiring an additional 133 shares during the period. Assetmark Inc. boosted its stake in Akamai Technologies by 198.1% in the second quarter. Assetmark Inc. now owns 474 shares of the technology infrastructure company’s stock valued at $38,000 after acquiring an additional 315 shares during the last quarter. LRI Investments LLC boosted its stake in Akamai Technologies by 766.1% in the second quarter. LRI Investments LLC now owns 485 shares of the technology infrastructure company’s stock valued at $39,000 after acquiring an additional 429 shares during the last quarter. Finally, AlphaQuest LLC bought a new position in shares of Akamai Technologies during the 1st quarter valued at approximately $42,000. 94.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on AKAM shares. Weiss Ratings downgraded Akamai Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, November 7th. Citigroup boosted their target price on Akamai Technologies from $85.00 to $88.00 and gave the company a “neutral” rating in a research note on Tuesday. Raymond James Financial increased their price target on Akamai Technologies from $84.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday. President Capital lifted their price objective on Akamai Technologies from $104.00 to $116.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Finally, Wall Street Zen raised shares of Akamai Technologies from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Six research analysts have rated the stock with a Buy rating, ten have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $93.32.

Insider Activity at Akamai Technologies

In related news, CTO Robert Blumofe sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $86.00, for a total transaction of $301,000.00. Following the completion of the transaction, the chief technology officer owned 24,410 shares of the company’s stock, valued at approximately $2,099,260. The trade was a 12.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Paul C. Joseph sold 5,000 shares of the stock in a transaction that occurred on Monday, September 15th. The stock was 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 in the company, valued at $2,096,300.85. This represents a 15.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 15,500 shares of company stock valued at $1,218,290. Corporate insiders own 2.00% of the company’s stock.

Akamai Technologies Price Performance

Shares of NASDAQ AKAM opened at $90.10 on Thursday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 2.31 and a current ratio of 2.31. Akamai Technologies, Inc. has a fifty-two week low of $67.51 and a fifty-two week high of $103.75. The stock has a market cap of $12.96 billion, a PE ratio of 31.95, a price-to-earnings-growth ratio of 3.49 and a beta of 0.72. The stock has a fifty day moving average of $76.61 and a 200-day moving average of $77.49.

Akamai Technologies (NASDAQ:AKAM) last issued its earnings results on Thursday, November 6th. The technology infrastructure company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.64 by $0.22. Akamai Technologies had a return on equity of 14.26% and a net margin of 10.40%.The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter last year, the company earned $1.59 EPS. The firm’s revenue was up 5.0% compared to the same quarter last year. Akamai Technologies has set its FY 2025 guidance at 6.930-7.130 EPS. Q4 2025 guidance at 1.650-1.850 EPS. Equities research analysts anticipate that Akamai Technologies, Inc. will post 4.6 earnings per share for the current 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.