Alpine Global Management LLC Invests $506,000 in Akamai Technologies, Inc. $AKAM

Key Points

• Alpine Global Management LLC has invested $506,000 in Akamai Technologies, acquiring a total of 6,286 shares in the first quarter.
• Research analysts have provided mixed reviews on Akamai, with a price target range between $83.00 and $95.00, and ratings varying from "Strong Buy" to "Sell."
• Akamai reported a net margin of 10.40% with earnings of $1.73 per share, exceeding analysts' expectations for the quarter.

Alpine Global Management LLC bought a new position in Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm bought 6,286 shares of the technology infrastructure company's stock, valued at approximately $506,000.

A number of other large investors have also recently added to or reduced their stakes in AKAM. Vanguard Group Inc. increased its stake in Akamai Technologies by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 18,673,358 shares of the technology infrastructure company's stock worth $1,503,205,000 after buying an additional 425,461 shares during the period. Mackenzie Financial Corp increased its position in shares of Akamai Technologies by 2.3% during the first quarter. Mackenzie Financial Corp now owns 2,483,991 shares of the technology infrastructure company's stock worth $199,961,000 after purchasing an additional 56,411 shares in the last quarter. Retirement Systems of Alabama boosted its holdings in shares of Akamai Technologies by 16.4% in the first quarter. Retirement Systems of Alabama now owns 1,061,290 shares of the technology infrastructure company's stock valued at $85,434,000 after acquiring an additional 149,762 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Akamai Technologies by 2.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 940,681 shares of the technology infrastructure company's stock valued at $75,725,000 after purchasing an additional 18,437 shares during the period. Finally, Vontobel Holding Ltd. lifted its position in Akamai Technologies by 234.0% during the 1st quarter. Vontobel Holding Ltd. now owns 595,569 shares of the technology infrastructure company's stock worth $47,943,000 after acquiring an additional 417,260 shares during the period. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Akamai Technologies Price Performance

Shares of NASDAQ:AKAM traded up $0.58 during trading hours on Wednesday, hitting $77.56. 1,494,499 shares of the company's stock traded hands, compared to its average volume of 2,174,413. 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 $11.12 billion, a price-to-earnings ratio of 27.50, a price-to-earnings-growth ratio of 3.86 and a beta of 0.77. The company's fifty day simple moving average is $77.42 and its two-hundred day simple moving average is $78.67. Akamai Technologies, Inc. has a 52 week low of $67.51 and a 52 week high of $106.80.

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 for the quarter, beating the consensus estimate of $1.55 by $0.18. The company had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $1.02 billion. Akamai Technologies had a return on equity of 14.26% and a net margin of 10.40%.The business's revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.58 EPS. 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, equities analysts anticipate that Akamai Technologies, Inc. will post 4.6 EPS for the current fiscal year.

Insider Buying and Selling

In other Akamai Technologies news, EVP Paul C. Joseph sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $77.74, for a total value of $388,700.00. Following the completion of the sale, the executive vice president owned 32,349 shares in the company, valued at approximately $2,514,811.26. This trade represents a 13.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Aaron Ahola sold 4,000 shares of Akamai Technologies 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 sale, the executive vice president directly owned 21,211 shares in the company, valued at $1,606,945.36. The trade was a 15.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,000 shares of company stock valued at $922,740. Insiders own 2.00% of the company's stock.

Analysts Set New Price Targets

AKAM has been the subject of a number of research reports. KeyCorp started coverage on shares of Akamai Technologies in a research report on Friday, June 6th. They set an "underweight" rating and a $63.00 price target for the company. Zacks Research raised Akamai Technologies to a "hold" rating in a research note on Monday, August 11th. Morgan Stanley lowered Akamai Technologies from an "equal weight" rating to an "underweight" rating and set a $85.00 target price on the stock. in a research report on Tuesday, August 5th. UBS Group increased their price objective on shares of Akamai Technologies from $85.00 to $90.00 and gave the stock a "neutral" rating in a research report on Friday, May 9th. Finally, Raymond James Financial reduced their target price on shares of Akamai Technologies from $110.00 to $84.00 and set an "outperform" rating on the stock in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $92.39.

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.