Interval Partners LP Purchases New Position in Akamai Technologies, Inc. $AKAM

Key Points

• Interval Partners LP acquired a new position in Akamai Technologies, purchasing 6,545 shares valued at approximately $527,000.
• Several institutional investors have significantly increased their stakes in Akamai, with 94.28% of the company's stock now owned by institutional investors and hedge funds.
• Akamai Technologies reported a quarterly earnings per share of $1.73, surpassing analyst estimates, and has set guidance for FY 2025 of 6.600-6.800 EPS.

Interval Partners LP bought a new position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 6,545 shares of the technology infrastructure company's stock, valued at approximately $527,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Invenomic Capital Management LP boosted its position in Akamai Technologies by 91.6% during the first quarter. Invenomic Capital Management LP now owns 647,665 shares of the technology infrastructure company's stock worth $52,137,000 after purchasing an additional 309,576 shares during the period. Edmond DE Rothschild Holding S.A. boosted its position in Akamai Technologies by 6.9% during the first 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 during the period. Advisors Asset Management Inc. boosted its position in shares of Akamai Technologies by 13.8% in the first quarter. Advisors Asset Management Inc. now owns 18,032 shares of the technology infrastructure company's stock valued at $1,452,000 after acquiring an additional 2,180 shares during the period. Alyeska Investment Group L.P. boosted its position in shares of Akamai Technologies by 1,001.4% in the first quarter. Alyeska Investment Group L.P. now owns 1,753,400 shares of the technology infrastructure company's stock valued at $141,149,000 after acquiring an additional 1,594,206 shares during the period. Finally, Ancora Advisors LLC lifted its position in Akamai Technologies by 31.6% during the first quarter. Ancora Advisors LLC now owns 2,402 shares of the technology infrastructure company's stock worth $193,000 after purchasing an additional 577 shares during the period. 94.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on AKAM shares. Zacks Research raised Akamai Technologies to a "hold" rating in a research note on Monday, August 11th. Piper Sandler lowered their price target on Akamai Technologies from $88.00 to $83.00 and set a "neutral" rating for the company in a research report on Friday, August 8th. Morgan Stanley lowered Akamai Technologies from an "equal weight" rating to an "underweight" rating and set a $85.00 target price for the company. in a research report on Tuesday, August 5th. Wall Street Zen upgraded Akamai Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Finally, Scotiabank cut their price target 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. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $92.39.

Akamai Technologies Trading Up 1.7%

Akamai Technologies stock traded up $1.33 during trading hours on Thursday, reaching $78.08. The company had a trading volume of 454,619 shares, compared to its average volume of 2,344,682. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.31 and a quick ratio of 2.31. Akamai Technologies, Inc. has a 12-month low of $67.51 and a 12-month high of $106.80. The firm has a market cap of $11.20 billion, a price-to-earnings ratio of 27.62, a P/E/G ratio of 3.79 and a beta of 0.77. The company has a 50-day moving average price of $77.25 and a 200 day moving average price of $78.09.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last posted its earnings results on Thursday, August 7th. The technology infrastructure company reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $1.02 billion. During the same period in the previous year, the firm earned $1.58 earnings per share. The business's 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. Equities analysts forecast that Akamai Technologies, Inc. will post 4.6 earnings per share for the current year.

Insider Activity

In related news, EVP Aaron Ahola sold 4,000 shares of the company's stock in a transaction 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 completion of the sale, the executive vice president owned 21,211 shares in the company, valued at approximately $1,606,945.36. This represents a 15.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Paul C. Joseph sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $77.74, for a total value of $388,700.00. Following the completion of the sale, the executive vice president directly owned 32,349 shares of the company's stock, valued at $2,514,811.26. The trade was a 13.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,000 shares of company stock worth $922,740 over the last three months. 2.00% of the stock is currently owned by corporate insiders.

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.