Dimensional Fund Advisors LP Trims Holdings in Akamai Technologies, Inc. $AKAM

Key Points

• Dimensional Fund Advisors LP sold 373,053 shares of Akamai Technologies, reducing its stake by 19.3% to 1,559,565 shares valued at approximately $125.5 million.
• Vanguard Group and several other institutional investors increased their positions in Akamai Technologies, highlighting continued investor interest in the company despite mixed analyst ratings.
• Akamai Technologies reported an EPS of $1.73 for the recent quarter, surpassing expectations, and indicated a revenue increase of 6.5% year-over-year.

Dimensional Fund Advisors LP cut its holdings in Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 19.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,559,565 shares of the technology infrastructure company's stock after selling 373,053 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.07% of Akamai Technologies worth $125,533,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB grew its position in shares of Akamai Technologies by 54.8% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 438 shares of the technology infrastructure company's stock worth $35,000 after buying an additional 155 shares during the period. Itau Unibanco Holding S.A. grew its position in shares of Akamai Technologies by 99.6% in the 4th quarter. Itau Unibanco Holding S.A. now owns 469 shares of the technology infrastructure company's stock worth $45,000 after buying an additional 234 shares during the period. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Akamai Technologies in the 1st quarter worth about $49,000. LRI Investments LLC grew its position in shares of Akamai Technologies by 500.0% in the 4th quarter. LRI Investments LLC now owns 624 shares of the technology infrastructure company's stock worth $60,000 after buying an additional 520 shares during the period. Finally, TruNorth Capital Management LLC purchased a new stake in shares of Akamai Technologies in the 1st quarter worth about $65,000. 94.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AKAM. UBS Group upped their price target on shares of Akamai Technologies from $85.00 to $90.00 and gave the stock a "neutral" rating in a research note on Friday, May 9th. Morgan Stanley cut shares of Akamai Technologies from an "equal weight" rating to an "underweight" rating and set a $85.00 price target on the stock. in a research note on Tuesday, August 5th. The Goldman Sachs Group began coverage on shares of Akamai Technologies in a research note on Wednesday, August 13th. They issued a "sell" rating and a $67.00 price target on the stock. Zacks Research upgraded shares of Akamai Technologies to a "hold" rating in a research note on Monday, August 11th. Finally, Wall Street Zen upgraded shares of Akamai Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have issued a Hold rating and four have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Akamai Technologies currently has an average rating of "Hold" and a consensus price target of $94.89.

Insider Transactions at Akamai Technologies

In related news, EVP Aaron Ahola sold 4,000 shares of the firm'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 transaction, the executive vice president owned 21,211 shares of the company's stock, valued at approximately $1,606,945.36. This trade represents a 15.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Paul C. Joseph sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $77.74, for a total transaction of $388,700.00. Following the sale, the executive vice president owned 32,349 shares of the company's stock, valued at $2,514,811.26. This trade represents a 13.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 25,157 shares of company stock valued at $1,927,014. Company insiders own 2.00% of the company's stock.

Akamai Technologies Stock Performance

Shares of NASDAQ AKAM traded up $1.32 during trading on Friday, reaching $77.64. 1,719,179 shares of the company traded hands, compared to its average volume of 2,296,703. The firm has a 50 day simple moving average of $77.63 and a 200-day simple moving average of $79.78. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $11.13 billion, a PE ratio of 27.53, a P/E/G ratio of 2.88 and a beta of 0.76. 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 announced its quarterly 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 firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.02 billion. Akamai Technologies had a net margin of 10.40% and a return on equity of 14.26%. The business's quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm 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. Equities research analysts anticipate that Akamai Technologies, Inc. will post 4.6 earnings per share for the current year.

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.