Exchange Traded Concepts LLC Raises Holdings in Akamai Technologies, Inc. $AKAM

Exchange Traded Concepts LLC grew its holdings in Akamai Technologies, Inc. (NASDAQ:AKAM) by 22.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 60,523 shares of the technology infrastructure company’s stock after buying an additional 11,096 shares during the period. Exchange Traded Concepts LLC’s holdings in Akamai Technologies were worth $4,585,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. DLD Asset Management LP raised its stake in shares of Akamai Technologies by 60.0% in the second quarter. DLD Asset Management LP now owns 20,000,000 shares of the technology infrastructure company’s stock valued at $1,595,200,000 after acquiring an additional 7,500,000 shares during the period. First Trust Advisors LP boosted its position in shares of Akamai Technologies by 4.9% during the second quarter. First Trust Advisors LP now owns 6,061,962 shares of the technology infrastructure company’s stock valued at $483,502,000 after buying an additional 281,526 shares during the period. Norges Bank bought a new position in shares of Akamai Technologies during the second quarter valued at approximately $266,817,000. Legal & General Group Plc grew its stake in shares of Akamai Technologies by 3.5% during the second quarter. Legal & General Group Plc now owns 2,812,805 shares of the technology infrastructure company’s stock valued at $224,349,000 after buying an additional 94,012 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. raised its holdings in shares of Akamai Technologies by 12.1% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 2,786,084 shares of the technology infrastructure company’s stock worth $222,218,000 after buying an additional 301,423 shares during the period. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Akamai Technologies Stock Down 0.5%

Shares of AKAM stock opened at $88.82 on Thursday. The stock has a market cap of $12.78 billion, a P/E ratio of 26.05, a P/E/G ratio of 3.28 and a beta of 0.68. Akamai Technologies, Inc. has a twelve month low of $67.51 and a twelve month high of $103.75. The stock has a 50 day moving average of $83.37 and a 200 day moving average of $79.41. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.87.

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 analysts’ consensus estimates of $1.64 by $0.22. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.04 billion. Akamai Technologies had a return on equity of 14.16% and a net margin of 12.26%.Akamai Technologies’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.59 earnings per share. 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, sell-side analysts expect that Akamai Technologies, Inc. will post 4.6 EPS for the current year.

Insider Buying and Selling

In related news, CFO Edward J. Mcgowan sold 6,560 shares of Akamai Technologies stock in a transaction that occurred 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 transaction, the chief financial officer owned 16,442 shares in the company, valued at approximately $1,447,389.26. This trade represents a 28.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Mani Sundaram sold 10,438 shares of the business’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $89.25, for a total value of $931,591.50. Following the transaction, the executive vice president directly owned 13,550 shares in the company, valued at $1,209,337.50. This trade represents a 43.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 20,498 shares of company stock worth $1,810,068. 2.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on AKAM shares. The Goldman Sachs Group lifted their target price on Akamai Technologies from $67.00 to $69.00 and gave the company a “sell” rating in a research report on Friday, November 7th. Morgan Stanley dropped their price objective on Akamai Technologies from $85.00 to $83.00 and set an “underweight” rating on the stock in a research report on Friday, November 7th. Piper Sandler boosted their target price on shares of Akamai Technologies from $83.00 to $86.00 and gave the stock a “neutral” rating in a report on Friday, November 7th. Jefferies Financial Group lowered shares of Akamai Technologies to an “underperform” rating in a research report on Monday, December 15th. Finally, Citigroup lifted their price objective on shares of Akamai Technologies from $85.00 to $88.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 11th. Five investment 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $92.72.

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.