Akamai Technologies, Inc. $AKAM Shares Bought by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management B.V. significantly increased its stake in Akamai Technologies by 1,663.2%, owning over 1 million shares valued at approximately $81.9 million.
• Akamai Technologies recently reported an **EPS of $1.73**, exceeding analysts’ estimates, with a quarterly revenue increase of **6.5%** year-over-year.
• Institutional investors currently hold **94.28%** of Akamai's stock, indicating strong institutional interest in the company.

Robeco Institutional Asset Management B.V. raised its stake in Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 1,663.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,027,175 shares of the technology infrastructure company's stock after purchasing an additional 968,919 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.70% of Akamai Technologies worth $81,927,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of AKAM. Brighton Jones LLC grew its stake in shares of Akamai Technologies by 101.4% in the 4th quarter. Brighton Jones LLC now owns 4,016 shares of the technology infrastructure company's stock valued at $384,000 after purchasing an additional 2,022 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Akamai Technologies by 5,951.4% in the 1st quarter. GAMMA Investing LLC now owns 253,978 shares of the technology infrastructure company's stock valued at $20,445,000 after purchasing an additional 249,781 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Akamai Technologies by 11.1% in the 1st quarter. Rhumbline Advisers now owns 307,343 shares of the technology infrastructure company's stock valued at $24,741,000 after purchasing an additional 30,638 shares during the last quarter. Czech National Bank grew its stake in shares of Akamai Technologies by 5.9% in the 1st quarter. Czech National Bank now owns 34,504 shares of the technology infrastructure company's stock valued at $2,778,000 after purchasing an additional 1,931 shares during the last quarter. Finally, Davis Capital Management grew its stake in shares of Akamai Technologies by 15.8% in the 1st quarter. Davis Capital Management now owns 9,108 shares of the technology infrastructure company's stock valued at $733,000 after purchasing an additional 1,245 shares during the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Akamai Technologies Stock Up 2.9%

AKAM opened at $78.01 on Friday. The business's fifty day moving average is $76.44 and its two-hundred day moving average is $77.58. 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 company has a market cap of $11.19 billion, a price-to-earnings ratio of 27.66, a PEG ratio of 3.65 and a beta of 0.75. Akamai Technologies, Inc. has a one year low of $67.51 and a one year high of $106.80.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last posted its earnings results on Thursday, August 7th. The technology infrastructure company reported $1.73 EPS 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 the consensus estimate of $1.02 billion. Akamai Technologies had a return on equity of 14.26% and a net margin of 10.40%.Akamai Technologies's quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the business 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. Analysts anticipate that Akamai Technologies, Inc. will post 4.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on AKAM shares. Zacks Research upgraded Akamai Technologies to a "hold" rating in a research note on Monday, August 11th. Scotiabank decreased their price target 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. Morgan Stanley downgraded Akamai Technologies from an "equal weight" rating to an "underweight" rating and set a $85.00 price target on the stock. in a research note on Tuesday, August 5th. Piper Sandler decreased their price target 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, Wall Street Zen upgraded Akamai Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. One equities research 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 stock. Based on data from MarketBeat, Akamai Technologies presently has an average rating of "Hold" and a consensus price target of $92.39.

Insiders Place Their Bets

In related news, CTO Robert Blumofe sold 3,000 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $77.00, for a total transaction of $231,000.00. Following the sale, the chief technology officer owned 27,910 shares of the company's stock, valued at $2,149,070. This trade represents a 9.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Aaron Ahola sold 4,000 shares of the stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $75.76, for a total value of $303,040.00. Following the sale, the executive vice president directly owned 21,211 shares in the company, valued at approximately $1,606,945.36. The trade was a 15.87% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,000 shares of company stock worth $1,305,990. 2.00% of the stock is owned by corporate insiders.

Akamai Technologies 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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