B. Metzler seel. Sohn & Co. AG Has $280,000 Stake in Akamai Technologies, Inc. $AKAM

Key Points

• B. Metzler seel. Sohn & Co. AG has significantly reduced its stake in Akamai Technologies by 59%, now holding 3,479 shares valued at $280,000 as of the latest SEC filing.
• Akamai Technologies reported a quarterly EPS of $1.73, exceeding estimates, with revenue of $1.04 billion, reflecting a year-over-year growth of 6.5%.
• Analysts have mixed opinions on Akamai, with a consensus rating of "Hold" and an average price target of $92.39, following various adjustments to target prices by different firms.

B. Metzler seel. Sohn & Co. AG cut its holdings in Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 59.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,479 shares of the technology infrastructure company's stock after selling 5,000 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Akamai Technologies were worth $280,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Akamai Technologies by 54.8% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 438 shares of the technology infrastructure company's stock valued at $35,000 after purchasing an additional 155 shares during the last quarter. AlphaQuest LLC acquired a new stake in shares of Akamai Technologies in the first quarter valued at approximately $42,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Akamai Technologies in the first quarter valued at approximately $49,000. LRI Investments LLC raised its holdings in shares of Akamai Technologies by 500.0% in the fourth quarter. LRI Investments LLC now owns 624 shares of the technology infrastructure company's stock valued at $60,000 after purchasing an additional 520 shares during the last quarter. Finally, TruNorth Capital Management LLC acquired a new position in Akamai Technologies during the first quarter worth $65,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AKAM. Piper Sandler lowered their target price on shares of Akamai Technologies from $88.00 to $83.00 and set a "neutral" rating on the stock in a report on Friday, August 8th. Morgan Stanley downgraded shares of Akamai Technologies from an "equal weight" rating to an "underweight" rating and set a $85.00 target price on the stock. in a report on Tuesday, August 5th. Raymond James Financial lowered their target price on shares of Akamai Technologies from $110.00 to $84.00 and set an "outperform" rating on the stock in a report on Friday, August 8th. Scotiabank lowered their target price on shares of Akamai Technologies from $105.00 to $95.00 and set a "sector outperform" rating on the stock in a report on Friday, August 8th. Finally, Wall Street Zen upgraded shares of Akamai Technologies from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. One equities research 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 given a Sell rating to the stock. According to MarketBeat.com, Akamai Technologies has an average rating of "Hold" and an average target price of $92.39.

Insider Activity

In other news, EVP Paul C. Joseph sold 5,000 shares of the business's stock in a transaction dated Tuesday, July 15th. The shares were 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 of the company's stock, valued at approximately $2,514,811.26. The trade was a 13.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Robert Blumofe sold 3,000 shares of the business's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $77.00, for a total transaction of $231,000.00. Following the completion of the sale, the chief technology officer directly owned 27,910 shares of the company's stock, valued at approximately $2,149,070. The trade was a 9.71% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,000 shares of company stock valued at $922,740. 2.00% of the stock is owned by company insiders.

Akamai Technologies Stock Performance

Shares of Akamai Technologies stock traded up $0.58 during trading on Wednesday, reaching $77.56. The company's stock had a trading volume of 1,494,499 shares, compared to its average volume of 2,174,413. The business's 50-day moving average price is $77.42 and its 200-day moving average price is $78.67. The firm has a market cap of $11.12 billion, a PE ratio of 27.50, a P/E/G ratio of 3.86 and a beta of 0.77. Akamai Technologies, Inc. has a 52 week low of $67.51 and a 52 week 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 announced its earnings results on Thursday, August 7th. The technology infrastructure company reported $1.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.55 by $0.18. The company had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $1.02 billion. Akamai Technologies had a net margin of 10.40% and a return on equity of 14.26%. Akamai Technologies's quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $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 analysts forecast that Akamai Technologies, Inc. will post 4.6 earnings per share for the current year.

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.