6,545 Shares in Akamai Technologies, Inc. $AKAM Acquired by Interval Partners LP

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 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 6,545 shares of the technology infrastructure company's stock, valued at approximately $527,000.

Several other institutional investors and hedge funds have also bought and sold shares of AKAM. Alyeska Investment Group L.P. raised its holdings in Akamai Technologies by 1,001.4% during the first 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 in the last quarter. Vanguard Group Inc. raised its holdings in Akamai Technologies by 2.3% during 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 acquiring an additional 425,461 shares in the last quarter. Vontobel Holding Ltd. raised its holdings in Akamai Technologies by 234.0% during the first quarter. Vontobel Holding Ltd. now owns 595,569 shares of the technology infrastructure company's stock worth $47,943,000 after acquiring an additional 417,260 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised 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 acquiring an additional 347,286 shares in the last quarter. Finally, GMT Capital Corp bought a new stake in Akamai Technologies during the first quarter worth about $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 analyst reports. Morgan Stanley lowered Akamai Technologies from an "equal weight" rating to an "underweight" rating and set a $85.00 target price on the stock. in a report on Tuesday, August 5th. Zacks Research upgraded Akamai Technologies to a "hold" rating in a research note on Monday, August 11th. The Goldman Sachs Group started coverage on Akamai Technologies in a research note on Wednesday, August 13th. They issued a "sell" rating and a $67.00 price objective on the stock. Piper Sandler dropped their price objective on 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, KeyCorp started coverage on Akamai Technologies in a research note on Friday, June 6th. They issued an "underweight" rating and a $63.00 price objective on the stock. One investment 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 given a Sell rating to the stock. Based on data from MarketBeat, Akamai Technologies has an average rating of "Hold" and a consensus price target of $92.39.

Insider Transactions at Akamai Technologies

In other 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 transaction, the executive vice president owned 21,211 shares in the company, valued at approximately $1,606,945.36. This trade represents a 15.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Paul C. Joseph sold 5,000 shares of the stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $77.74, for a total value of $388,700.00. Following the transaction, the executive vice president owned 32,349 shares in the company, valued at approximately $2,514,811.26. This trade represents a 13.39% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,000 shares of company stock worth $922,740. Company insiders own 2.00% of the company's stock.

Akamai Technologies Stock Performance

Shares of NASDAQ AKAM traded down $0.72 during trading hours on Tuesday, reaching $78.16. 1,518,800 shares of the stock were exchanged, compared to its average volume of 2,359,164. The firm has a market capitalization of $11.21 billion, a price-to-earnings ratio of 27.72, 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 quick ratio of 2.31 and a current ratio of 2.31. Akamai Technologies, Inc. has a 52 week low of $67.51 and a 52 week high of $106.80. The stock's fifty day simple moving average is $77.33 and its 200 day simple moving average is $78.10.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last announced 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 company 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 firm's quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the company earned $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. Sell-side analysts predict 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.