Creative Planning Has $1.82 Million Stake in Akamai Technologies, Inc. $AKAM

Creative Planning boosted its holdings in Akamai Technologies, Inc. (NASDAQ:AKAM) by 18.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,872 shares of the technology infrastructure company’s stock after buying an additional 3,516 shares during the period. Creative Planning’s holdings in Akamai Technologies were worth $1,824,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AKAM. Alyeska Investment Group L.P. raised its position 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 valued at $141,149,000 after acquiring an additional 1,594,206 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of Akamai Technologies by 1,663.2% during the second quarter. Robeco Institutional Asset Management B.V. now owns 1,027,175 shares of the technology infrastructure company’s stock worth $81,927,000 after purchasing an additional 968,919 shares during the period. Vontobel Holding Ltd. grew its stake in shares of Akamai Technologies by 147.0% during the second quarter. Vontobel Holding Ltd. now owns 1,471,281 shares of the technology infrastructure company’s stock worth $117,349,000 after purchasing an additional 875,712 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Akamai Technologies in the second quarter valued at about $56,821,000. Finally, Vanguard Group Inc. lifted its stake in Akamai Technologies by 2.3% in the first 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 during the period. 94.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on AKAM. TD Cowen boosted their target price on Akamai Technologies from $98.00 to $104.00 and gave the stock a “hold” rating in a research report on Thursday, November 13th. Raymond James Financial boosted their price objective on shares of Akamai Technologies from $84.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, November 10th. Wall Street Zen raised shares of Akamai Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Scotiabank cut their target price on shares of Akamai Technologies from $95.00 to $94.00 and set a “hold” rating on the stock in a report on Friday, November 7th. Finally, Piper Sandler boosted their price target on shares of Akamai Technologies from $83.00 to $86.00 and gave the company a “neutral” rating in a report on Friday, November 7th. Six equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $93.63.

Insider Transactions at Akamai Technologies

In other Akamai Technologies news, CTO Robert Blumofe sold 3,500 shares of Akamai Technologies stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $86.00, for a total value of $301,000.00. Following the sale, the chief technology officer owned 24,410 shares of the company’s stock, valued at $2,099,260. This trade represents 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 company’s 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 directly owned 27,349 shares of the company’s stock, valued at $2,096,300.85. This represents a 15.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.00% of the stock is currently owned by corporate insiders.

Akamai Technologies Stock Performance

Shares of AKAM stock opened at $89.45 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 52 week low of $67.51 and a 52 week high of $103.75. The company’s 50 day moving average price is $78.78 and its two-hundred day moving average price is $77.95. The company has a market capitalization of $12.87 billion, a P/E ratio of 31.72, a price-to-earnings-growth ratio of 3.49 and a beta of 0.72.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings results on Thursday, November 6th. The technology infrastructure company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.22. Akamai Technologies had a net margin of 10.40% and a return on equity of 14.26%. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the prior year, the company earned $1.59 earnings per share. The business’s quarterly 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. On average, analysts expect 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.