Banco Bilbao Vizcaya Argentaria S.A. Has $1.44 Million Position in Akamai Technologies, Inc. $AKAM

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. has significantly reduced its stake in Akamai Technologies by 42.3%, now holding 17,945 shares worth $1.44 million.
• Akamai Technologies reported $1.73 earnings per share, surpassing expectations of $1.55, with a revenue increase of 6.5% year-over-year totaling $1.04 billion.
• Analysts have mixed views on Akamai, with target prices ranging from $83.00 to $95.00, resulting in a consensus rating of "Hold" for the stock.

Banco Bilbao Vizcaya Argentaria S.A. lowered its stake in Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 42.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,945 shares of the technology infrastructure company's stock after selling 13,153 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Akamai Technologies were worth $1,440,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC raised its position 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 buying an additional 2,022 shares in the last quarter. MetLife Investment Management LLC raised its position in Akamai Technologies by 0.9% during the fourth quarter. MetLife Investment Management LLC now owns 39,735 shares of the technology infrastructure company's stock valued at $3,801,000 after purchasing an additional 356 shares in the last quarter. MML Investors Services LLC raised its position in Akamai Technologies by 6.7% during the fourth quarter. MML Investors Services LLC now owns 22,841 shares of the technology infrastructure company's stock valued at $2,185,000 after purchasing an additional 1,435 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in Akamai Technologies by 317.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 10,748 shares of the technology infrastructure company's stock worth $1,028,000 after purchasing an additional 8,171 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Akamai Technologies by 7.8% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 21,157 shares of the technology infrastructure company's stock valued at $2,024,000 after purchasing an additional 1,530 shares in the last quarter. Institutional investors own 94.28% of the company's stock.

Insider Transactions at Akamai Technologies

In other Akamai Technologies news, EVP Aaron Ahola sold 4,000 shares of the stock in a transaction dated 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 directly owned 21,211 shares in the company, valued at approximately $1,606,945.36. This trade represents a 15.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Robert Blumofe sold 3,000 shares of Akamai Technologies stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $77.00, for a total value of $231,000.00. Following the completion of the transaction, the chief technology officer directly owned 27,910 shares of the company's stock, valued at approximately $2,149,070. This trade represents a 9.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,000 shares of company stock worth $922,740 over the last three months. 2.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Scotiabank lowered their price target on Akamai Technologies from $105.00 to $95.00 and set a "sector outperform" rating for the company in a report 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. Zacks Research raised shares of Akamai Technologies to a "hold" rating in a report on Monday, August 11th. KeyCorp started coverage on shares of Akamai Technologies in a report on Friday, June 6th. They set an "underweight" rating and a $63.00 price target on the stock. Finally, Raymond James Financial lowered their price objective on shares of Akamai Technologies from $110.00 to $84.00 and set an "outperform" rating for the company in a research report on Friday, August 8th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have issued a Hold rating and four have given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $94.89.

Akamai Technologies Trading Up 1.8%

Shares of NASDAQ AKAM traded up $1.37 during trading on Wednesday, reaching $78.31. The company had a trading volume of 641,914 shares, compared to its average volume of 2,388,384. The stock has a market cap of $11.23 billion, a P/E ratio of 27.78, a PEG ratio of 2.84 and a beta of 0.76. The company's fifty day moving average price is $77.52 and its 200-day moving average price is $79.46. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.92. Akamai Technologies, Inc. has a 12 month low of $67.51 and a 12 month high of $106.80.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last posted its quarterly earnings data 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 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% on a year-over-year basis. During the same period in the previous year, the firm 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. As a group, research analysts expect that Akamai Technologies, Inc. will post 4.6 earnings per share for the current year.

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.