Advisors Asset Management Inc. Acquires 3,469 Shares of Akamai Technologies, Inc. $AKAM

Advisors Asset Management Inc. lifted its stake in Akamai Technologies, Inc. (NASDAQ:AKAM) by 19.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,501 shares of the technology infrastructure company’s stock after acquiring an additional 3,469 shares during the period. Advisors Asset Management Inc.’s holdings in Akamai Technologies were worth $1,715,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Westport Asset Management Inc. raised its position in shares of Akamai Technologies by 0.8% during the second quarter. Westport Asset Management Inc. now owns 25,200 shares of the technology infrastructure company’s stock valued at $2,010,000 after buying an additional 200 shares during the last quarter. Edmond DE Rothschild Holding S.A. increased its stake in Akamai Technologies by 12.1% during the second quarter. Edmond DE Rothschild Holding S.A. now owns 2,786,084 shares of the technology infrastructure company’s stock valued at $222,218,000 after acquiring an additional 301,423 shares during the period. Rhumbline Advisers raised its holdings in Akamai Technologies by 4.8% in the 2nd quarter. Rhumbline Advisers now owns 322,132 shares of the technology infrastructure company’s stock valued at $25,693,000 after acquiring an additional 14,789 shares in the last quarter. AlphaCore Capital LLC bought a new stake in shares of Akamai Technologies in the 2nd quarter worth approximately $318,000. Finally, Mufg Securities Americas Inc. grew its holdings in shares of Akamai Technologies by 21.8% during the 2nd quarter. Mufg Securities Americas Inc. now owns 3,240 shares of the technology infrastructure company’s stock worth $258,000 after purchasing an additional 580 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Weiss Ratings restated a “hold (c-)” rating on shares of Akamai Technologies in a research note on Wednesday, November 19th. DA Davidson reaffirmed a “buy” rating and set a $115.00 price objective on shares of Akamai Technologies in a report on Thursday, October 16th. The Goldman Sachs Group lifted their target price on shares of Akamai Technologies from $67.00 to $69.00 and gave the company a “sell” rating in a research report on Friday, November 7th. Wall Street Zen raised shares of Akamai Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Finally, Zacks Research raised Akamai Technologies to a “hold” rating in a report on Monday, August 11th. Six analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, Akamai Technologies has an average rating of “Hold” and an average target price of $93.63.

Insider Activity at Akamai Technologies

In related news, CTO Robert Blumofe sold 3,500 shares of the firm’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 value of $301,000.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Paul C. Joseph sold 5,000 shares of the company’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 transaction, the executive vice president directly owned 27,349 shares in the company, valued at approximately $2,096,300.85. This represents a 15.46% decrease in their position. The SEC filing for this sale provides additional information. 2.00% of the stock is owned by corporate insiders.

Akamai Technologies Price Performance

Shares of AKAM stock opened at $89.54 on Friday. The stock’s fifty day moving average is $79.29 and its 200-day moving average is $78.10. 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 stock has a market capitalization of $12.88 billion, a PE ratio of 31.75, a PEG ratio of 3.49 and a beta of 0.72.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings results on Thursday, November 6th. The technology infrastructure company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.22. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.04 billion. Akamai Technologies had a net margin of 10.40% and a return on equity of 14.26%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.59 EPS. 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 expect that Akamai Technologies, Inc. will post 4.6 EPS 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.