National Pension Service Sells 273,043 Shares of Akamai Technologies, Inc. $AKAM

Key Points

• The National Pension Service reduced its stake in Akamai Technologies by 85.6% in the first quarter, owning 45,869 shares valued at approximately $3.69 million after selling 273,043 shares.
• Akamai Technologies reported $1.73 EPS for the last quarter, surpassing analysts' estimates, with a revenue of $1.04 billion, reflecting a 6.5% year-over-year increase.
• Analyst ratings for Akamai are mixed, with a consensus rating of "Hold" and an average price target of $94.89, influenced by varying perspectives from different research firms.

National Pension Service decreased its position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 85.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,869 shares of the technology infrastructure company's stock after selling 273,043 shares during the quarter. National Pension Service's holdings in Akamai Technologies were worth $3,692,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Beverly Hills Private Wealth LLC raised its position in shares of Akamai Technologies by 4.7% during the first quarter. Beverly Hills Private Wealth LLC now owns 2,828 shares of the technology infrastructure company's stock worth $228,000 after purchasing an additional 126 shares during the period. Opes Wealth Management LLC raised its position in shares of Akamai Technologies by 2.7% during the first quarter. Opes Wealth Management LLC now owns 4,872 shares of the technology infrastructure company's stock worth $392,000 after purchasing an additional 128 shares during the period. Amalgamated Bank raised its position in shares of Akamai Technologies by 0.5% during the first quarter. Amalgamated Bank now owns 29,080 shares of the technology infrastructure company's stock worth $2,341,000 after purchasing an additional 139 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in shares of 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 purchasing an additional 155 shares during the period. Finally, HighPoint Advisor Group LLC lifted its position in Akamai Technologies by 3.4% in the 1st quarter. HighPoint Advisor Group LLC now owns 5,364 shares of the technology infrastructure company's stock valued at $434,000 after acquiring an additional 176 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Aaron Ahola sold 4,000 shares of Akamai Technologies stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $75.76, for a total value of $303,040.00. Following the completion of the transaction, the executive vice president owned 21,211 shares of the company's stock, valued at $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 available at this link. Also, EVP Kim Salem-Jackson sold 13,157 shares of Akamai Technologies stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $76.33, for a total transaction of $1,004,273.81. Following the completion of the transaction, the executive vice president directly owned 43,575 shares of the company's stock, valued at approximately $3,326,079.75. This trade represents a 23.19% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,157 shares of company stock valued at $1,696,014 in the last quarter. Company insiders own 2.00% of the company's stock.

Akamai Technologies Stock Up 2.3%

AKAM traded up $1.7220 on Friday, hitting $78.0420. 518,163 shares of the company were exchanged, compared to its average volume of 2,393,982. Akamai Technologies, Inc. has a 12 month low of $67.51 and a 12 month high of $106.80. The company has a market cap of $11.19 billion, a PE ratio of 27.67, a PEG ratio of 2.82 and a beta of 0.76. 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's fifty day moving average is $77.62 and its 200-day moving average is $80.08.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last released its earnings results on Thursday, August 7th. The technology infrastructure company reported $1.73 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the company posted $1.58 earnings per share. Akamai Technologies's 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. Equities research analysts predict that Akamai Technologies, Inc. will post 4.6 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on AKAM shares. Wall Street Zen raised shares of Akamai Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Scotiabank cut their price objective on shares of Akamai Technologies from $105.00 to $95.00 and set a "sector outperform" rating on the stock in a research report on Friday, August 8th. UBS Group boosted their price objective on shares of Akamai Technologies from $85.00 to $90.00 and gave the company a "neutral" rating in a research report on Friday, May 9th. The Goldman Sachs Group started coverage on shares of Akamai Technologies in a research report on Wednesday, August 13th. They issued a "sell" rating and a $67.00 price objective on the stock. Finally, Raymond James Financial decreased their price target on shares of Akamai Technologies from $110.00 to $84.00 and set an "outperform" rating for the company in a research note on Friday, August 8th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $94.89.

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.