Board of the Pension Protection Fund Buys New Position in Akamai Technologies, Inc. $AKAM

Board of the Pension Protection Fund purchased a new position in Akamai Technologies, Inc. (NASDAQ:AKAM) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 9,900 shares of the technology infrastructure company’s stock, valued at approximately $750,000.

Other institutional investors and hedge funds have also modified their holdings of the company. WPG Advisers LLC purchased a new stake in shares of Akamai Technologies in the 1st quarter worth $27,000. UMB Bank n.a. grew its holdings in Akamai Technologies by 50.8% during the second quarter. UMB Bank n.a. now owns 395 shares of the technology infrastructure company’s stock valued at $32,000 after purchasing an additional 133 shares during the period. CYBER HORNET ETFs LLC purchased a new stake in Akamai Technologies in the second quarter worth about $32,000. MUFG Securities EMEA plc bought a new position in shares of Akamai Technologies in the second quarter worth about $35,000. Finally, Assetmark Inc. raised its stake in shares of Akamai Technologies by 198.1% in the second quarter. Assetmark Inc. now owns 474 shares of the technology infrastructure company’s stock worth $38,000 after buying an additional 315 shares during the period. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Analyst Upgrades and Downgrades

AKAM has been the subject of several analyst reports. Oppenheimer initiated coverage on shares of Akamai Technologies in a report on Monday, November 17th. They issued an “outperform” rating and a $100.00 target price for the company. Piper Sandler upped their price target on shares of Akamai Technologies from $83.00 to $86.00 and gave the stock a “neutral” rating in a research report on Friday, November 7th. Bank of America decreased their price objective on shares of Akamai Technologies from $100.00 to $80.00 and set a “neutral” rating on the stock in a research report on Monday, October 20th. The Goldman Sachs Group upped their target price on shares of Akamai Technologies from $67.00 to $69.00 and gave the stock a “sell” rating in a report on Friday, November 7th. Finally, Jefferies Financial Group cut Akamai Technologies to an “underperform” rating in a report on Monday. Five equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, Akamai Technologies currently has an average rating of “Hold” and an average target price of $92.72.

Insiders Place Their Bets

In other news, EVP Mani Sundaram sold 10,438 shares of the stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $89.25, for a total transaction of $931,591.50. Following the completion of the transaction, the executive vice president directly owned 13,550 shares in the company, valued at approximately $1,209,337.50. This represents a 43.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Edward J. Mcgowan sold 6,560 shares of the business’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $88.03, for a total transaction of $577,476.80. Following the completion of the sale, the chief financial officer owned 16,442 shares in the company, valued at $1,447,389.26. This represents a 28.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 20,498 shares of company stock valued at $1,810,068 in the last quarter. 2.00% of the stock is currently owned by insiders.

Akamai Technologies Stock Performance

Shares of NASDAQ AKAM opened at $89.21 on Friday. The company has a market cap of $12.83 billion, a P/E ratio of 26.16, a P/E/G ratio of 3.25 and a beta of 0.68. Akamai Technologies, Inc. has a 52-week low of $67.51 and a 52-week high of $103.75. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.28 and a current ratio of 2.28. The firm’s fifty day moving average is $82.44 and its two-hundred day moving average is $79.13.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings data on Thursday, November 6th. The technology infrastructure company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.64 by $0.22. Akamai Technologies had a net margin of 12.26% and a return on equity of 14.16%. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the firm earned $1.59 EPS. The business’s revenue was up 5.0% on a year-over-year basis. Akamai Technologies has set its FY 2025 guidance at 6.930-7.130 EPS and its Q4 2025 guidance at 1.650-1.850 EPS. As a group, analysts anticipate that Akamai Technologies, Inc. will post 4.6 EPS for the current fiscal year.

Akamai Technologies Company Profile

Akamai Technologies, Inc is a leading provider of content delivery network (CDN) services and cloud security solutions designed to optimize and safeguard digital experiences. Leveraging a globally distributed platform, the company accelerates web and mobile content delivery for enterprises, media companies, e-commerce platforms and government agencies. Its edge computing architecture brings processing power closer to end users, reducing latency and improving application performance across geographies.

The company’s core offerings include content acceleration, web and mobile performance optimization, media delivery, and a suite of cybersecurity solutions that protect against DDoS attacks, application-layer threats and bot-driven fraud.