Aviva PLC Grows Holdings in Akamai Technologies, Inc. $AKAM

Aviva PLC lifted its position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 4.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 108,777 shares of the technology infrastructure company’s stock after acquiring an additional 4,445 shares during the quarter. Aviva PLC owned 0.07% of Akamai Technologies worth $8,676,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of AKAM. Vanguard Group Inc. raised its holdings in Akamai Technologies by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 18,673,358 shares of the technology infrastructure company’s stock worth $1,503,205,000 after purchasing an additional 425,461 shares during the period. Edmond DE Rothschild Holding S.A. increased its position in shares of Akamai Technologies by 6.9% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 2,484,661 shares of the technology infrastructure company’s stock valued at $200,015,000 after buying an additional 160,665 shares in the last quarter. Mackenzie Financial Corp raised its stake in shares of Akamai Technologies by 2.3% during the 1st quarter. Mackenzie Financial Corp now owns 2,483,991 shares of the technology infrastructure company’s stock worth $199,961,000 after buying an additional 56,411 shares during the period. Alyeska Investment Group L.P. raised its stake in shares of 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 worth $141,149,000 after buying an additional 1,594,206 shares during the period. Finally, Vontobel Holding Ltd. grew its stake in Akamai Technologies by 147.0% in 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 acquiring an additional 875,712 shares during the period. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AKAM has been the subject of a number of research analyst reports. HSBC upped their price objective on shares of Akamai Technologies from $130.00 to $134.00 in a research report on Monday. Scotiabank cut their target price on shares of Akamai Technologies from $95.00 to $94.00 and set a “hold” rating for the company in a research note on Friday, November 7th. Weiss Ratings lowered shares of Akamai Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, November 7th. Morgan Stanley lowered their price objective on Akamai Technologies from $85.00 to $83.00 and set an “underweight” rating on the stock in a report on Friday, November 7th. Finally, Citigroup increased their target price on Akamai Technologies from $85.00 to $88.00 and gave the company a “neutral” rating in a report on Tuesday. Six analysts have rated the stock with a Buy rating, ten have issued a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $93.32.

Insider Activity at Akamai Technologies

In other Akamai Technologies news, CTO Robert Blumofe sold 3,500 shares of the business’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $86.00, for a total value of $301,000.00. Following the transaction, the chief technology officer directly owned 24,410 shares in the company, valued at $2,099,260. The trade was a 12.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Paul C. Joseph sold 5,000 shares of the firm’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 transaction of $383,250.00. Following the sale, the executive vice president owned 27,349 shares of the company’s stock, valued at $2,096,300.85. This represents a 15.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 15,500 shares of company stock valued at $1,218,290. 2.00% of the stock is owned by company insiders.

Akamai Technologies Price Performance

AKAM stock opened at $90.10 on Thursday. Akamai Technologies, Inc. has a 1 year low of $67.51 and a 1 year high of $103.75. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.31 and a quick ratio of 2.31. The firm has a market capitalization 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 business has a 50 day simple moving average of $76.61 and a 200-day simple moving average of $77.49.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings data on Thursday, November 6th. The technology infrastructure company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.22. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. Akamai Technologies had a return on equity of 14.26% and a net margin of 10.40%.The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.59 earnings per share. 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 fiscal 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.