22,604 Shares in Akamai Technologies, Inc. $AKAM Acquired by Optimize Financial Inc

Key Points

• Optimize Financial Inc acquired 22,604 shares of Akamai Technologies, Inc. for approximately $1.82 million, making it the fund's 13th largest position.
• Several institutional investors have increased or established stakes in Akamai, with 94.28% of the stock currently owned by institutional investors and hedge funds.
• Akamai Technologies reported $1.73 EPS for the last quarter, exceeding analysts' expectations, while issuing a FY 2025 guidance of 6.600-6.800 EPS.

Optimize Financial Inc bought a new position in Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 22,604 shares of the technology infrastructure company's stock, valued at approximately $1,820,000. Akamai Technologies accounts for approximately 0.7% of Optimize Financial Inc's portfolio, making the stock its 13th largest position.

Several other institutional investors have also recently added to or reduced their stakes in the business. WPG Advisers LLC acquired a new stake in Akamai Technologies in the 1st quarter worth about $27,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of Akamai Technologies by 54.8% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 438 shares of the technology infrastructure company's stock worth $35,000 after acquiring an additional 155 shares during the last quarter. AlphaQuest LLC acquired a new position in Akamai Technologies during the first quarter worth approximately $42,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Akamai Technologies during the first quarter worth approximately $49,000. Finally, Quarry LP raised its stake in Akamai Technologies by 623.3% during the first quarter. Quarry LP now owns 622 shares of the technology infrastructure company's stock worth $50,000 after purchasing an additional 536 shares during the period. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Akamai Technologies

In other Akamai Technologies news, EVP Aaron Ahola sold 4,000 shares of the stock in a transaction on 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 represents a 15.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Robert Blumofe sold 3,000 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $77.00, for a total transaction of $231,000.00. Following the transaction, 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,000 shares of company stock valued at $922,740. 2.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on AKAM shares. The Goldman Sachs Group began coverage on Akamai Technologies in a research report on Wednesday, August 13th. They issued a "sell" rating and a $67.00 target price on the stock. Scotiabank reduced their price objective on Akamai Technologies from $105.00 to $95.00 and set a "sector outperform" rating on the stock in a research note on Friday, August 8th. Zacks Research raised shares of Akamai Technologies to a "hold" rating in a research report on Monday, August 11th. Piper Sandler cut 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, Raymond James Financial lowered their price target on Akamai Technologies from $110.00 to $84.00 and set an "outperform" rating for the company in a report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, Akamai Technologies currently has an average rating of "Hold" and a consensus price target of $92.39.

Akamai Technologies Stock Up 0.4%

Shares of Akamai Technologies stock opened at $78.88 on Tuesday. Akamai Technologies, Inc. has a 1-year low of $67.51 and a 1-year high of $106.80. The company has a market capitalization of $11.31 billion, a PE ratio of 27.97, a P/E/G ratio of 3.81 and a beta of 0.77. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.31 and a quick ratio of 2.31. The business has a 50-day moving average of $77.33 and a 200-day moving average of $78.10.

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

Akamai Technologies Profile

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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