Akamai Technologies, Inc. $AKAM Holdings Lifted by EP Wealth Advisors LLC

Key Points

• EP Wealth Advisors LLC increased its holdings in Akamai Technologies, Inc. by 62% during the first quarter, with total holdings now valued at $1.35 million.
• Institutional investors own 94.28% of Akamai's stock, with significant increases in positions from firms like Vanguard Group and Connor Clark & Lunn Investment Management.
• Akamai Technologies reported $1.73 earnings per share (EPS) for the last quarter, surpassing analysts' expectations, and has provided a fiscal year 2025 EPS guidance between 6.600-6.800.

EP Wealth Advisors LLC grew its holdings in shares of Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 62.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,749 shares of the technology infrastructure company's stock after buying an additional 6,409 shares during the quarter. EP Wealth Advisors LLC's holdings in Akamai Technologies were worth $1,348,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. WPG Advisers LLC purchased a new position in shares of Akamai Technologies during the 1st quarter valued at approximately $27,000. MassMutual Private Wealth & Trust FSB raised its position in shares of Akamai Technologies by 54.8% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 438 shares of the technology infrastructure company's stock valued at $35,000 after acquiring an additional 155 shares in the last quarter. AlphaQuest LLC acquired a new stake in shares of Akamai Technologies during the 1st quarter valued at approximately $42,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Akamai Technologies during the 1st quarter valued at approximately $49,000. Finally, Quarry LP raised its position in shares of Akamai Technologies by 623.3% during the 1st quarter. Quarry LP now owns 622 shares of the technology infrastructure company's stock valued at $50,000 after acquiring an additional 536 shares in the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Aaron Ahola sold 4,000 shares of the firm'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 transaction, the executive vice president owned 21,211 shares of the company's stock, valued at $1,606,945.36. This trade represents a 15.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Paul C. Joseph sold 5,000 shares of the firm'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 transaction, the executive vice president directly owned 32,349 shares of the company's stock, valued at $2,514,811.26. This represents a 13.39% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,000 shares of company stock valued at $922,740. Company insiders own 2.00% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. KeyCorp assumed coverage on Akamai Technologies in a research report on Friday, June 6th. They set an "underweight" rating and a $63.00 price target on the stock. The Goldman Sachs Group assumed coverage on Akamai Technologies in a research report on Wednesday, August 13th. They set a "sell" rating and a $67.00 price target on the stock. Piper Sandler dropped their price target on Akamai Technologies from $88.00 to $83.00 and set a "neutral" rating on the stock in a research report on Friday, August 8th. Wall Street Zen raised Akamai Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Finally, Zacks Research raised Akamai Technologies to a "hold" rating in a research report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have issued a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Akamai Technologies currently has a consensus rating of "Hold" and an average target price of $92.39.

Akamai Technologies Stock Performance

Shares of AKAM traded down $0.46 during trading hours on Wednesday, reaching $77.70. 360,406 shares of the company's stock traded hands, compared to its average volume of 2,347,666. The firm has a market capitalization of $11.14 billion, a price-to-earnings ratio of 27.51, a P/E/G ratio of 3.83 and a beta of 0.77. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.31 and a quick ratio of 2.31. Akamai Technologies, Inc. has a twelve month low of $67.51 and a twelve month high of $106.80. The business's fifty day simple moving average is $77.30 and its two-hundred day simple moving average is $78.10.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The technology infrastructure company reported $1.73 EPS for the quarter, beating analysts' consensus estimates of $1.55 by $0.18. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. Akamai Technologies had a return on equity of 14.26% and a net margin of 10.40%.The company's quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the company earned $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. Analysts predict 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.