Akamai Technologies, Inc. $AKAM Shares Sold by Florida Trust Wealth Management Co

Florida Trust Wealth Management Co decreased its holdings in Akamai Technologies, Inc. (NASDAQ:AKAM) by 59.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,994 shares of the technology infrastructure company’s stock after selling 7,251 shares during the quarter. Florida Trust Wealth Management Co’s holdings in Akamai Technologies were worth $378,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. raised its holdings in shares of Akamai Technologies by 50.8% in the second quarter. UMB Bank n.a. now owns 395 shares of the technology infrastructure company’s stock valued at $32,000 after buying an additional 133 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new position in Akamai Technologies in the 2nd quarter valued at about $32,000. Wolff Wiese Magana LLC raised its stake 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 acquiring an additional 333 shares during the last quarter. True Wealth Design LLC lifted its position 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 acquiring an additional 382 shares during the period. Finally, MUFG Securities EMEA plc purchased a new position in shares of Akamai Technologies in the 2nd quarter valued at approximately $35,000. 94.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AKAM has been the subject of several analyst reports. Citigroup upped their price target on Akamai Technologies from $88.00 to $103.00 and gave the stock a “neutral” rating in a research note on Friday, January 16th. Royal Bank Of Canada upped their price objective 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, January 5th. Bank of America lowered their target price on shares of Akamai Technologies from $100.00 to $80.00 and set a “neutral” rating on the stock in a report on Monday, October 20th. The Goldman Sachs Group boosted their price target on shares of Akamai Technologies from $67.00 to $69.00 and gave the stock a “sell” rating in a research note on Friday, November 7th. Finally, Raymond James Financial raised their price objective on shares of Akamai Technologies from $84.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, November 10th. Seven analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $96.11.

Insiders Place Their Bets

In other Akamai Technologies news, COO Adam Karon sold 3,320 shares of the company’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $87.30, for a total value of $289,836.00. Following the sale, the chief operating officer owned 7,785 shares of the company’s stock, valued at approximately $679,630.50. This represents a 29.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mani Sundaram sold 10,438 shares of Akamai Technologies 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 of the company’s stock, valued at $1,209,337.50. This trade represents a 43.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 28,818 shares of company stock worth $2,550,754. 2.00% of the stock is owned by insiders.

Akamai Technologies Price Performance

Shares of NASDAQ AKAM opened at $89.60 on Wednesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.28 and a current ratio of 2.28. Akamai Technologies, Inc. has a one year low of $67.51 and a one year high of $103.75. The firm has a market capitalization of $12.89 billion, a P/E ratio of 26.28, a PEG ratio of 3.38 and a beta of 0.68. The company’s fifty day moving average is $88.19 and its two-hundred day moving average is $80.73.

Akamai Technologies (NASDAQ:AKAM) last announced its quarterly earnings results on Thursday, November 6th. The technology infrastructure company reported $1.86 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter last year, the firm posted $1.59 EPS. The business’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. Analysts forecast that Akamai Technologies, Inc. will post 4.6 EPS for the current fiscal year.

About Akamai Technologies

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.