Asset Management One Co. Ltd. Increases Position in Akamai Technologies, Inc. $AKAM

Asset Management One Co. Ltd. lifted its stake in Akamai Technologies, Inc. (NASDAQ:AKAM) by 29.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 81,092 shares of the technology infrastructure company’s stock after purchasing an additional 18,380 shares during the period. Asset Management One Co. Ltd. owned approximately 0.06% of Akamai Technologies worth $6,144,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. DLD Asset Management LP increased its holdings in 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 buying an additional 7,500,000 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Akamai Technologies by 4.9% in the 2nd quarter. First Trust Advisors LP now owns 6,061,962 shares of the technology infrastructure company’s stock worth $483,502,000 after acquiring an additional 281,526 shares during the period. Norges Bank acquired a new stake in shares of Akamai Technologies in the 2nd quarter worth approximately $266,817,000. Legal & General Group Plc grew its holdings in shares of Akamai Technologies by 3.5% in the 2nd quarter. Legal & General Group Plc now owns 2,812,805 shares of the technology infrastructure company’s stock worth $224,349,000 after acquiring an additional 94,012 shares during the period. Finally, Edmond DE Rothschild Holding S.A. increased its stake in Akamai Technologies by 12.1% in the 2nd 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 purchasing an additional 301,423 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Insider Activity

In other Akamai Technologies news, COO Adam Karon sold 3,320 shares of Akamai Technologies stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $87.30, for a total value of $289,836.00. Following the completion of the sale, the chief operating officer directly owned 7,785 shares of the company’s stock, valued at approximately $679,630.50. The trade was a 29.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mani Sundaram sold 10,438 shares of the business’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $89.25, for a total value of $931,591.50. Following the completion of the transaction, the executive vice president owned 13,550 shares of the company’s stock, valued at $1,209,337.50. This trade represents a 43.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 23,818 shares of company stock worth $2,099,904 in the last three months. 2.00% of the stock is owned by insiders.

Analyst Ratings Changes

AKAM has been the topic of a number of research analyst reports. The Goldman Sachs Group boosted their target price on Akamai Technologies from $67.00 to $69.00 and gave the stock a “sell” rating in a research report on Friday, November 7th. President Capital lifted their price target on Akamai Technologies from $104.00 to $116.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Oppenheimer started coverage on shares of Akamai Technologies in a research report on Monday, November 17th. They issued an “outperform” rating and a $100.00 price objective on the stock. Bank of America dropped their target price 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. Finally, Royal Bank Of Canada lifted their target price on shares of Akamai Technologies from $80.00 to $90.00 and gave the stock a “sector perform” rating in a research report on Monday. Five equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Akamai Technologies presently has an average rating of “Hold” and a consensus price target of $92.89.

Akamai Technologies Trading Down 2.8%

Akamai Technologies stock opened at $85.71 on Friday. The stock has a 50-day moving average price of $86.23 and a 200 day moving average price of $80.09. Akamai Technologies, Inc. has a 52 week low of $67.51 and a 52 week high of $103.75. The stock has a market cap of $12.33 billion, a PE ratio of 25.13, a P/E/G ratio of 3.18 and a beta of 0.68. 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 released 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 company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Akamai Technologies had a net margin of 12.26% and a return on equity of 14.16%. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period last year, the company earned $1.59 EPS. 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. Equities research analysts predict that Akamai Technologies, Inc. will post 4.6 earnings per share 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.