Aviance Capital Partners LLC Makes New $2.28 Million Investment in Akamai Technologies, Inc. $AKAM

Aviance Capital Partners LLC bought a new position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 30,134 shares of the technology infrastructure company’s stock, valued at approximately $2,283,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. UMB Bank n.a. lifted its holdings in Akamai Technologies by 50.8% in the second quarter. UMB Bank n.a. now owns 395 shares of the technology infrastructure company’s stock worth $32,000 after acquiring an additional 133 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new position in Akamai Technologies during the 2nd quarter valued at approximately $32,000. Wolff Wiese Magana LLC boosted its position in Akamai Technologies by 497.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 400 shares of the technology infrastructure company’s stock valued at $30,000 after purchasing an additional 333 shares during the period. True Wealth Design LLC grew its stake in Akamai Technologies by 1,469.2% during the 3rd quarter. True Wealth Design LLC now owns 408 shares of the technology infrastructure company’s stock worth $31,000 after buying an additional 382 shares during the last quarter. Finally, MUFG Securities EMEA plc bought a new stake in Akamai Technologies in the second quarter valued at $35,000. 94.28% of the stock is owned by institutional investors and hedge funds.

Akamai Technologies Price Performance

AKAM opened at $93.49 on Friday. The firm has a market capitalization of $13.45 billion, a P/E ratio of 27.42, a PEG ratio of 3.38 and a beta of 0.68. The stock has a fifty day moving average of $88.08 and a 200-day moving average of $80.55. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.87. Akamai Technologies, Inc. has a 12-month low of $67.51 and a 12-month high of $103.75.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings results on Thursday, November 6th. The technology infrastructure company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates 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 return on equity of 14.16% and a net margin of 12.26%.Akamai Technologies’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company 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. Equities analysts forecast that Akamai Technologies, Inc. will post 4.6 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Edward J. Mcgowan sold 6,560 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The shares were 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 directly 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Adam Karon sold 3,320 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $87.30, for a total transaction of $289,836.00. Following the completion of the transaction, the chief operating officer owned 7,785 shares in the company, valued at approximately $679,630.50. This represents a 29.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 28,818 shares of company stock valued at $2,550,754 over the last ninety days. Insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on AKAM. Piper Sandler upped their price target on shares of Akamai Technologies from $86.00 to $89.00 and gave the stock a “neutral” rating in a research report on Monday, January 5th. Royal Bank Of Canada raised their price target on shares of Akamai Technologies from $80.00 to $90.00 and gave the company a “sector perform” rating in a research note on Monday, January 5th. HSBC boosted their price objective on Akamai Technologies from $130.00 to $134.00 in a research report on Monday, November 10th. President Capital lifted their target price on Akamai Technologies from $104.00 to $116.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Finally, DA Davidson restated a “buy” rating and set a $115.00 price objective on shares of Akamai Technologies in a research note on Thursday, October 16th. Seven research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $96.11.

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.