3,862 Shares in Akamai Technologies, Inc. $AKAM Acquired by MBB Public Markets I LLC

Key Points

• MBB Public Markets I LLC acquired 3,862 shares of Akamai Technologies for approximately $311,000, as disclosed in a recent SEC filing.
• Akamai's quarterly earnings report showed an EPS of $1.73, exceeding analyst expectations, and the company projected FY 2025 EPS guidance between 6.600-6.800.
• Recent institutional activity includes significant stake increases by firms such as Alyeska Investment Group and Connor Clark & Lunn Investment Management, indicating strong investor interest as 94.28% of shares are held by institutional investors.

MBB Public Markets I LLC purchased a new position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 3,862 shares of the technology infrastructure company's stock, valued at approximately $311,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Akamai Technologies by 2.3% during the 1st 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 in the last quarter. Edmond DE Rothschild Holding S.A. raised its stake in shares of Akamai Technologies by 6.9% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 2,484,661 shares of the technology infrastructure company's stock worth $200,015,000 after purchasing an additional 160,665 shares in the last quarter. Mackenzie Financial Corp raised its stake in shares of Akamai Technologies by 2.3% during the 1st quarter. Mackenzie Financial Corp now owns 2,483,991 shares of the technology infrastructure company's stock worth $199,961,000 after purchasing an additional 56,411 shares in the last quarter. Alyeska Investment Group L.P. raised its stake in shares of Akamai Technologies by 1,001.4% during 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 purchasing an additional 1,594,206 shares in the last quarter. Finally, Retirement Systems of Alabama raised its stake in shares of Akamai Technologies by 16.4% during the 1st quarter. Retirement Systems of Alabama now owns 1,061,290 shares of the technology infrastructure company's stock worth $85,434,000 after purchasing an additional 149,762 shares in the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on AKAM shares. Morgan Stanley cut Akamai Technologies from an "equal weight" rating to an "underweight" rating and set a $85.00 price target for the company. in a research report on Tuesday, August 5th. Scotiabank reduced their price target on Akamai Technologies from $105.00 to $95.00 and set a "sector outperform" rating for the company in a research report on Friday, August 8th. The Goldman Sachs Group started coverage on Akamai Technologies in a research report on Wednesday, August 13th. They issued a "sell" rating and a $67.00 price target for the company. Wall Street Zen raised Akamai Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Finally, Raymond James Financial reduced their price target on Akamai Technologies from $110.00 to $84.00 and set an "outperform" rating for the company in a research report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $92.39.

Insider Buying and Selling

In related news, EVP Aaron Ahola sold 4,000 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $75.76, for a total transaction of $303,040.00. Following the sale, 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 Securities & Exchange Commission, which is available at the SEC website. Also, EVP Paul C. Joseph sold 5,000 shares of the stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $76.65, for a total value of $383,250.00. Following the sale, the executive vice president owned 27,349 shares in the company, valued at approximately $2,096,300.85. This trade represents a 15.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,000 shares of company stock worth $1,305,990 in the last three months. Insiders own 2.00% of the company's stock.

Akamai Technologies Price Performance

Shares of AKAM traded down $0.45 during mid-day trading on Tuesday, reaching $76.01. The company had a trading volume of 243,449 shares, compared to its average volume of 2,330,555. Akamai Technologies, Inc. has a twelve month low of $67.51 and a twelve month high of $106.80. 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 company's 50-day moving average is $77.15 and its 200-day moving average is $78.05. The company has a market capitalization of $10.90 billion, a P/E ratio of 26.94, a P/E/G ratio of 3.69 and a beta of 0.77.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last issued its earnings results on Thursday, August 7th. The technology infrastructure company reported $1.73 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $1.02 billion. During the same period in the prior year, the firm posted $1.58 EPS. Akamai Technologies's quarterly revenue was up 6.5% compared to the same quarter last year. 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, equities analysts anticipate that Akamai Technologies, Inc. will post 4.6 EPS for the current year.

About Akamai Technologies

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.