Blue Trust Inc. Trims Stock Holdings in Akamai Technologies, Inc. $AKAM

Blue Trust Inc. reduced its holdings in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 73.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,582 shares of the technology infrastructure company’s stock after selling 15,746 shares during the quarter. Blue Trust Inc.’s holdings in Akamai Technologies were worth $423,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of AKAM. CWM LLC lifted its position in shares of Akamai Technologies by 63.2% during the third quarter. CWM LLC now owns 105,848 shares of the technology infrastructure company’s stock worth $8,019,000 after acquiring an additional 40,979 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of Akamai Technologies by 4.1% during the 3rd quarter. Pacer Advisors Inc. now owns 19,972 shares of the technology infrastructure company’s stock valued at $1,513,000 after purchasing an additional 792 shares during the period. Inspire Investing LLC lifted its holdings in Akamai Technologies by 13.3% during the 3rd quarter. Inspire Investing LLC now owns 4,033 shares of the technology infrastructure company’s stock worth $306,000 after purchasing an additional 474 shares in the last quarter. Vontobel Holding Ltd. lifted its holdings in Akamai Technologies by 5.9% during the 3rd quarter. Vontobel Holding Ltd. now owns 1,557,394 shares of the technology infrastructure company’s stock worth $117,988,000 after purchasing an additional 86,113 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in Akamai Technologies by 47.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,714 shares of the technology infrastructure company’s stock worth $206,000 after purchasing an additional 876 shares during the period. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Akamai Technologies

In related news, EVP Mani Sundaram sold 10,438 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 13,550 shares in the company, valued at $1,209,337.50. The trade was a 43.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Robert Blumofe sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The stock was 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 directly owned 24,410 shares of the company’s stock, valued at approximately $2,099,260. This represents a 12.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 20,498 shares of company stock worth $1,810,068. 2.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

AKAM has been the topic of several analyst reports. Scotiabank decreased their price target on Akamai Technologies from $95.00 to $94.00 and set a “hold” rating on the stock in a research report on Friday, November 7th. Piper Sandler upped 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. Bank of America cut their price target on shares of Akamai Technologies from $100.00 to $80.00 and set a “neutral” rating for the company in a report on Monday, October 20th. Jefferies Financial Group lowered shares of Akamai Technologies to an “underperform” rating in a research report on Monday, December 15th. Finally, DA Davidson reiterated a “buy” rating and issued a $115.00 price objective on shares of Akamai Technologies in a research report on Thursday, October 16th. Five research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, Akamai Technologies currently has an average rating of “Hold” and an average target price of $92.72.

Akamai Technologies Price Performance

AKAM stock opened at $88.24 on Tuesday. The firm has a 50 day simple moving average of $84.28 and a two-hundred day simple moving average of $79.63. The stock has a market cap of $12.70 billion, a PE ratio of 25.88, a P/E/G ratio of 3.25 and a beta of 0.68. Akamai Technologies, Inc. has a one year low of $67.51 and a one year high of $103.75. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.28 and a quick ratio of 2.28.

Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings data 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. Akamai Technologies had a net margin of 12.26% and a return on equity of 14.16%. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the previous year, the firm posted $1.59 EPS. The firm’s 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 and its Q4 2025 guidance at 1.650-1.850 EPS. On average, analysts predict that Akamai Technologies, Inc. will post 4.6 EPS for the current fiscal year.

Akamai Technologies 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.