Akamai Technologies, Inc. $AKAM Holdings Lifted by Aberdeen Group plc

Key Points

• Aberdeen Group plc increased its holdings in Akamai Technologies by 4.3%, owning 151,400 shares valued at $12,076,000 as of the latest filing.
• Akamai Technologies reported earnings per share of $1.73 for the last quarter, exceeding analysts' expectations of $1.55, with a revenue increase of 6.5% year-over-year.
• Despite positive earnings, Akamai received mixed analyst ratings, with one downgrade to "underweight" and a consensus rating of "Hold" with a target price of $92.39.

Aberdeen Group plc increased its holdings in shares of Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 4.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 151,400 shares of the technology infrastructure company's stock after buying an additional 6,223 shares during the quarter. Aberdeen Group plc owned 0.10% of Akamai Technologies worth $12,076,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of AKAM. Vanguard Group Inc. grew its stake in 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 valued at $1,503,205,000 after purchasing an additional 425,461 shares in the last quarter. Edmond DE Rothschild Holding S.A. grew its stake in Akamai Technologies by 6.9% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 2,484,661 shares of the technology infrastructure company's stock valued at $200,015,000 after purchasing an additional 160,665 shares in the last quarter. Mackenzie Financial Corp grew its stake in Akamai Technologies by 2.3% in the first quarter. Mackenzie Financial Corp now owns 2,483,991 shares of the technology infrastructure company's stock valued at $199,961,000 after purchasing an additional 56,411 shares in the last quarter. Alyeska Investment Group L.P. grew its stake in 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 purchasing an additional 1,594,206 shares in the last quarter. Finally, Vontobel Holding Ltd. grew its stake in Akamai Technologies by 147.0% in the second quarter. Vontobel Holding Ltd. now owns 1,471,281 shares of the technology infrastructure company's stock valued at $117,349,000 after purchasing an additional 875,712 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company's stock.

Akamai Technologies Price Performance

NASDAQ AKAM opened at $73.67 on Thursday. 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 quick ratio of 2.31 and a current ratio of 2.31. The stock has a market capitalization of $10.56 billion, a PE ratio of 26.12, a P/E/G ratio of 3.54 and a beta of 0.75. The stock has a 50-day simple moving average of $76.19 and a 200 day simple moving average of $77.20.

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

Analyst Ratings Changes

AKAM has been the topic of a number of recent research reports. Morgan Stanley downgraded Akamai Technologies from an "equal weight" rating to an "underweight" rating and set a $85.00 target price on the stock. in a research note on Tuesday, August 5th. Zacks Research upgraded Akamai Technologies to a "hold" rating in a research note on Monday, August 11th. Weiss Ratings downgraded Akamai Technologies from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Wednesday, October 8th. Wall Street Zen upgraded Akamai Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Finally, The Goldman Sachs Group assumed coverage on Akamai Technologies in a research note on Wednesday, August 13th. They set a "sell" rating and a $67.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have given a Hold rating and five have issued a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $92.39.

Insider Buying and Selling

In related news, EVP Paul C. Joseph sold 5,000 shares of the business's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $76.65, for a total transaction of $383,250.00. Following the completion of the transaction, the executive vice president owned 27,349 shares of the company's stock, valued at approximately $2,096,300.85. The trade was a 15.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Aaron Ahola sold 4,000 shares of the business's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $75.76, for a total value of $303,040.00. Following the transaction, the executive vice president directly owned 21,211 shares of the company's stock, valued at $1,606,945.36. This represents a 15.87% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,000 shares of company stock valued at $917,290. Insiders own 2.00% of the company's stock.

Akamai Technologies Company 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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