AQR Capital Management LLC Has $8.77 Million Position in Akamai Technologies, Inc. $AKAM

Key Points

• AQR Capital Management LLC reduced its stake in Akamai Technologies by 41.3%, owning approximately 110,739 shares worth $8.76 million after selling 77,991 shares in the first quarter.
• Several large investors increased their stakes in Akamai, with Alyeska Investment Group increasing its position by 1,001.4%, now owning 1.75 million shares valued at $141.15 million.
• Akamai reported quarterly earnings of $1.73 per share, beating expectations, with revenues of $1.04 billion, representing a 6.5% increase compared to the same quarter last year.

AQR Capital Management LLC reduced its stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 41.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 110,739 shares of the technology infrastructure company's stock after selling 77,991 shares during the quarter. AQR Capital Management LLC owned approximately 0.08% of Akamai Technologies worth $8,768,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Mather Group LLC. lifted its position in Akamai Technologies by 97.4% in the 1st quarter. Mather Group LLC. now owns 1,224 shares of the technology infrastructure company's stock worth $99,000 after buying an additional 604 shares in the last quarter. Amalgamated Bank increased its stake 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 worth $2,341,000 after acquiring an additional 139 shares during the last quarter. QRG Capital Management Inc. increased its stake 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 worth $588,000 after acquiring an additional 208 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Akamai Technologies by 595.7% during the first quarter. Farther Finance Advisors LLC now owns 1,614 shares of the technology infrastructure company's stock worth $130,000 after acquiring an additional 1,382 shares in the last quarter. Finally, Asset Management One Co. Ltd. boosted its position in Akamai Technologies by 2.6% during the first quarter. Asset Management One Co. Ltd. now owns 60,508 shares of the technology infrastructure company's stock valued at $4,871,000 after purchasing an additional 1,550 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company's stock.

Akamai Technologies Stock Performance

Shares of NASDAQ AKAM traded down $0.08 during trading hours on Tuesday, hitting $76.38. 1,188,151 shares of the stock were exchanged, compared to its average volume of 1,600,383. The firm has a market capitalization of $10.95 billion, a P/E ratio of 27.09, a P/E/G ratio of 3.68 and a beta of 0.77. Akamai Technologies, Inc. has a one year low of $67.51 and a one year high of $106.80. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.31 and a quick ratio of 2.31. The company's 50 day moving average is $77.07 and its 200 day moving average is $78.04.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The technology infrastructure company reported $1.73 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the business posted $1.58 earnings per share. The firm's revenue was up 6.5% compared to the same quarter last year. Akamai Technologies has set its FY 2025 guidance at 6.600-6.800 EPS. Q3 2025 guidance at 1.620-1.660 EPS. On average, research analysts expect that Akamai Technologies, Inc. will post 4.6 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Zacks Research raised Akamai Technologies to a "hold" rating in a research report on Monday, August 11th. Wall Street Zen raised Akamai Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. KeyCorp began coverage on Akamai Technologies in a report on Friday, June 6th. They issued an "underweight" rating and a $63.00 price objective on the stock. Raymond James Financial cut their price objective 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. 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 research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $92.39.

Insider Transactions at Akamai Technologies

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

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.