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15,500 Shares in Akamai Technologies, Inc. $AKAM Bought by Polianta Ltd

Akamai Technologies logo with Computer and Technology background

Key Points

  • Polianta Ltd has acquired 15,500 shares of Akamai Technologies, valued at approximately $1.236 million, as reported in its latest 13F filing with the SEC.
  • Akamai Technologies' latest quarterly earnings showed an EPS of $1.73, surpassing expectations of $1.55, with revenues of $1.04 billion, a 6.5% increase year-over-year.
  • The stock is currently rated with an average target price of $92.39, amid a mix of ratings from analysts, highlighting the general market sentiment around the company.
  • Five stocks we like better than Akamai Technologies.

Polianta Ltd acquired a new stake in Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 15,500 shares of the technology infrastructure company's stock, valued at approximately $1,236,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Alyeska Investment Group L.P. raised its holdings in shares of Akamai Technologies by 1,001.4% in the 1st quarter. Alyeska Investment Group L.P. now owns 1,753,400 shares of the technology infrastructure company's stock worth $141,149,000 after acquiring an additional 1,594,206 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Akamai Technologies by 2.3% in the first quarter. Vanguard Group Inc. now owns 18,673,358 shares of the technology infrastructure company's stock worth $1,503,205,000 after purchasing an additional 425,461 shares during the last quarter. Vontobel Holding Ltd. lifted its holdings in shares of Akamai Technologies by 234.0% in the first quarter. Vontobel Holding Ltd. now owns 595,569 shares of the technology infrastructure company's stock valued at $47,943,000 after purchasing an additional 417,260 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Akamai Technologies by 5,385.9% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 353,734 shares of the technology infrastructure company's stock worth $28,476,000 after buying an additional 347,286 shares in the last quarter. Finally, GMT Capital Corp bought a new position in Akamai Technologies during the 1st quarter valued at $27,636,000. Institutional investors own 94.28% of the company's stock.

Wall Street Analysts Forecast Growth

AKAM has been the topic of several recent analyst reports. Zacks Research raised shares of Akamai Technologies to a "hold" rating in a research report on Monday, August 11th. KeyCorp assumed coverage on Akamai Technologies in a research report on Friday, June 6th. They issued an "underweight" rating and a $63.00 price target for the company. Scotiabank cut their target price on Akamai Technologies from $105.00 to $95.00 and set a "sector outperform" rating for the company in a research note on Friday, August 8th. Piper Sandler lowered their target price on shares of Akamai Technologies from $88.00 to $83.00 and set a "neutral" rating on the stock in a research note on Friday, August 8th. Finally, Wall Street Zen raised shares of Akamai Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, Akamai Technologies currently has a consensus rating of "Hold" and an average price target of $92.39.

Read Our Latest Research Report on Akamai Technologies

Insiders Place Their Bets

In related news, CTO Robert Blumofe sold 3,000 shares of Akamai Technologies stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $77.00, for a total value of $231,000.00. Following the completion of the sale, the chief technology officer directly owned 27,910 shares in the company, valued at $2,149,070. The trade was a 9.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Aaron Ahola sold 4,000 shares of the firm's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $75.76, for a total transaction of $303,040.00. Following the transaction, the executive vice president directly owned 21,211 shares in the company, valued at $1,606,945.36. This trade represents a 15.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,000 shares of company stock worth $1,305,990 in the last three months. Corporate insiders own 2.00% of the company's stock.

Akamai Technologies Trading Up 0.5%

Akamai Technologies stock traded up $0.37 during midday trading on Monday, reaching $76.65. The stock had a trading volume of 491,380 shares, compared to its average volume of 2,345,910. The company has a fifty day moving average of $76.90 and a 200 day moving average of $77.89. Akamai Technologies, Inc. has a 52-week low of $67.51 and a 52-week high of $106.80. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.92. The firm has a market cap of $10.99 billion, a price-to-earnings ratio of 27.18, a price-to-earnings-growth ratio of 3.67 and a beta of 0.77.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last released its earnings results on Thursday, August 7th. The technology infrastructure company reported $1.73 earnings per share for the quarter, topping analysts' consensus estimates of $1.55 by $0.18. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. Akamai Technologies had a return on equity of 14.26% and a net margin of 10.40%.The business's revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.58 earnings per share. Akamai Technologies has set its FY 2025 guidance at 6.600-6.800 EPS. Q3 2025 guidance at 1.620-1.660 EPS. On average, analysts anticipate that Akamai Technologies, Inc. will post 4.6 earnings per share for the current fiscal year.

Akamai Technologies Company Profile

(Free Report)

Akamai Technologies, Inc provides cloud computing, security, and content delivery services in the United States and internationally. The company offers cloud solutions to keep infrastructure, websites, applications, application programming interfaces, and users safe from various cyberattacks and online threats while enhancing performance.

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Institutional Ownership by Quarter for Akamai Technologies (NASDAQ:AKAM)

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