Fjarde AP Fonden Fourth Swedish National Pension Fund Grows Position in Akamai Technologies, Inc. $AKAM

Key Points

• Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in Akamai Technologies by 30.5%, owning approximately 0.05% of the company valued at $6.1 million after purchasing an additional 17,815 shares.
• Akamai Technologies reported a net margin of 10.40% and earnings of $1.73 per share for the last quarter, surpassing analysts' estimates of $1.55.
• Current analysts' consensus rating for Akamai Technologies is a "Hold," with a target price averaging $94.89 after various price adjustments from investment firms.

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 30.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,211 shares of the technology infrastructure company's stock after acquiring an additional 17,815 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund owned 0.05% of Akamai Technologies worth $6,135,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Mather Group LLC. raised its holdings in shares of Akamai Technologies by 97.4% in the first quarter. Mather Group LLC. now owns 1,224 shares of the technology infrastructure company's stock valued at $99,000 after acquiring an additional 604 shares in the last quarter. Amalgamated Bank raised its holdings in shares of Akamai Technologies by 0.5% in the first quarter. Amalgamated Bank now owns 29,080 shares of the technology infrastructure company's stock valued at $2,341,000 after acquiring an additional 139 shares in the last quarter. QRG Capital Management Inc. raised its holdings in shares of Akamai Technologies by 2.9% in the first quarter. QRG Capital Management Inc. now owns 7,302 shares of the technology infrastructure company's stock valued at $588,000 after acquiring an additional 208 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Akamai Technologies by 595.7% in the first quarter. Farther Finance Advisors LLC now owns 1,614 shares of the technology infrastructure company's stock valued at $130,000 after acquiring an additional 1,382 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its holdings in Akamai Technologies by 2.6% in the first quarter. Asset Management One Co. Ltd. now owns 60,508 shares of the technology infrastructure company's stock worth $4,871,000 after purchasing an additional 1,550 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors.

Akamai Technologies Stock Up 0.1%

Shares of AKAM traded up $0.1040 during mid-day trading on Thursday, hitting $76.1640. 351,883 shares of the company traded hands, compared to its average volume of 2,399,205. The business has a 50 day moving average of $77.66 and a 200 day moving average of $80.23. The company has a market capitalization of $10.92 billion, a PE ratio of 27.03, a price-to-earnings-growth ratio of 2.84 and a beta of 0.76. Akamai Technologies, Inc. has a 1-year low of $67.51 and a 1-year high of $106.80. 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 (NASDAQ:AKAM - Get Free Report) last issued its earnings results on Thursday, August 7th. The technology infrastructure company reported $1.73 EPS for the quarter, beating analysts' consensus estimates of $1.55 by $0.18. The firm 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%.Akamai Technologies's revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the prior 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. Equities research analysts anticipate that Akamai Technologies, Inc. will post 4.6 EPS for the current year.

Insider Activity at Akamai Technologies

In related news, EVP Kim Salem-Jackson sold 13,157 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $76.33, for a total value of $1,004,273.81. Following the sale, the executive vice president owned 43,575 shares in the company, valued at $3,326,079.75. This represents a 23.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Aaron Ahola sold 4,000 shares of the company's stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 21,211 shares in the company, valued at approximately $1,606,945.36. This represents a 15.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,157 shares of company stock worth $1,696,014 over the last quarter. Insiders own 2.00% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on AKAM shares. Wall Street Zen upgraded shares of Akamai Technologies from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. The Goldman Sachs Group started coverage on shares of Akamai Technologies in a report on Wednesday, August 13th. They issued a "sell" rating and a $67.00 target price for the company. UBS Group boosted their target price on shares of Akamai Technologies from $85.00 to $90.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. Zacks Research upgraded shares of Akamai Technologies to a "hold" rating in a report on Monday, August 11th. Finally, Scotiabank reduced their target price on shares of Akamai Technologies from $105.00 to $95.00 and set a "sector outperform" rating for the company in a 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 assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $94.89.

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.