Akamai Technologies, Inc. $AKAM is Edmond DE Rothschild Holding S.A.'s 5th Largest Position

Key Points

• Edmond DE Rothschild Holding S.A. increased its stake in Akamai Technologies by 6.9%, making it the firm's 5th largest position, owning 2,484,661 shares valued at approximately $200 million.
• Analysts have mixed opinions on Akamai Technologies, with price targets ranging from $67 to $90 and an average rating of "Hold" based on current evaluations.
• Insider transactions revealed significant stock sales, with EVP Aaron Ahola selling 4,000 shares and CTO Robert Blumofe selling 3,000 shares recently, leading to a decrease in their respective ownership stakes.

Edmond DE Rothschild Holding S.A. raised its holdings in Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 6.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,484,661 shares of the technology infrastructure company's stock after purchasing an additional 160,665 shares during the period. Akamai Technologies comprises 3.5% of Edmond DE Rothschild Holding S.A.'s holdings, making the stock its 5th largest position. Edmond DE Rothschild Holding S.A. owned about 1.70% of Akamai Technologies worth $200,015,000 as of its most recent SEC filing.

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

Insider Activity at Akamai Technologies

In related news, CTO Robert Blumofe sold 3,000 shares of the firm's 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 completion of the transaction, the chief technology officer directly owned 27,910 shares in the company, valued at $2,149,070. This trade represents a 9.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Paul C. Joseph sold 5,000 shares of the firm's stock in a transaction dated Tuesday, July 15th. The shares were 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 of the company's stock, valued at $2,514,811.26. This trade represents 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 in the last three months. 2.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on AKAM. The Goldman Sachs Group began coverage on Akamai Technologies in a research note on Wednesday, August 13th. They set a "sell" rating and a $67.00 price objective on the stock. Raymond James Financial lowered their price objective on Akamai Technologies from $110.00 to $84.00 and set an "outperform" rating on the stock in a research note on Friday, August 8th. Wall Street Zen raised Akamai Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Morgan Stanley lowered Akamai Technologies from an "equal weight" rating to an "underweight" rating and set a $85.00 price objective on the stock. in a research note on Tuesday, August 5th. Finally, Scotiabank lowered 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. 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 four have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $92.39.

Akamai Technologies Trading Up 1.8%

Shares of Akamai Technologies stock traded up $1.37 during trading hours on Friday, hitting $78.56. The company's stock had a trading volume of 1,786,671 shares, compared to its average volume of 2,031,975. Akamai Technologies, Inc. has a twelve month low of $67.51 and a twelve month high of $106.80. The firm has a fifty day moving average of $77.35 and a 200-day moving average of $78.22. The stock has a market cap of $11.26 billion, a price-to-earnings ratio of 27.86, 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 (NASDAQ:AKAM - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The technology infrastructure company reported $1.73 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 business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the company posted $1.58 EPS. The company's quarterly revenue 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. Research analysts forecast 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.