Boston Trust Walden Corp Increases Holdings in Akamai Technologies, Inc. $AKAM

Key Points

• Boston Trust Walden Corp has increased its stake in Akamai Technologies by 7.5% in Q2, owning approximately 0.24% of the company, valued at $28.2 million.
• Akamai Technologies' recent quarterly earnings surpassed expectations, reporting $1.73 EPS and revenues of $1.04 billion, showing a year-over-year growth of 6.5%.
• Wall Street analysts have mixed views on Akamai, with a consensus rating of "Hold" and an average price target of $92.39 following several adjustments to their pricing forecasts.

Boston Trust Walden Corp raised its stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 7.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 353,555 shares of the technology infrastructure company's stock after buying an additional 24,568 shares during the quarter. Boston Trust Walden Corp owned about 0.24% of Akamai Technologies worth $28,200,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Beverly Hills Private Wealth LLC raised its stake in shares of Akamai Technologies by 4.7% in 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 last quarter. Opes Wealth Management LLC raised its stake in shares of Akamai Technologies by 2.7% in 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 last quarter. UMB Bank n.a. raised its stake in shares of Akamai Technologies by 50.8% in the second quarter. UMB Bank n.a. now owns 395 shares of the technology infrastructure company's stock worth $32,000 after purchasing an additional 133 shares during the last quarter. Amalgamated Bank raised 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 purchasing an additional 139 shares during the last quarter. Finally, Horizon Investments LLC raised its stake in shares of Akamai Technologies by 7.2% in the first quarter. Horizon Investments LLC now owns 2,220 shares of the technology infrastructure company's stock worth $179,000 after purchasing an additional 149 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company's stock.

Wall Street Analysts Forecast Growth

AKAM has been the subject of several recent analyst reports. Piper Sandler decreased their price target on Akamai Technologies from $88.00 to $83.00 and set a "neutral" rating for the company in a research note on Friday, August 8th. Raymond James Financial cut their price objective on Akamai Technologies from $110.00 to $84.00 and set an "outperform" rating for the company in a report on Friday, August 8th. Wall Street Zen raised Akamai Technologies from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Zacks Research raised Akamai Technologies to a "hold" rating in a report on Monday, August 11th. Finally, Weiss Ratings lowered Akamai Technologies from a "hold (c-)" rating to a "sell (d+)" rating in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have issued a Hold rating and five have issued a Sell rating to the company's stock. According to MarketBeat.com, Akamai Technologies currently has a consensus rating of "Hold" and an average target price of $92.39.

Akamai Technologies Stock Performance

NASDAQ:AKAM opened at $74.09 on Wednesday. The stock has a 50-day simple moving average of $76.20 and a two-hundred day simple moving average of $77.23. Akamai Technologies, Inc. has a 52-week low of $67.51 and a 52-week high of $106.80. 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 firm has a market capitalization of $10.62 billion, a PE ratio of 26.27, a P/E/G ratio of 3.53 and a beta of 0.75.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last released 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 business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the company posted $1.58 earnings per share. Akamai Technologies's revenue for the quarter 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. Analysts forecast that Akamai Technologies, Inc. will post 4.6 EPS for the current year.

Insider Buying and Selling at Akamai Technologies

In other Akamai Technologies news, EVP Aaron Ahola sold 4,000 shares of the business's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $75.76, for a total transaction of $303,040.00. Following the completion of the sale, the executive vice president owned 21,211 shares of the company's stock, valued at approximately $1,606,945.36. The trade was a 15.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Paul C. Joseph sold 5,000 shares of the business's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $76.65, for a total value of $383,250.00. Following the sale, the executive vice president directly owned 27,349 shares of the company's stock, valued at $2,096,300.85. This represents a 15.46% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,000 shares of company stock valued at $917,290. Company 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.

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