Akamai Technologies, Inc. $AKAM Shares Purchased by Fuller & Thaler Asset Management Inc.

Key Points

• Fuller & Thaler Asset Management Inc. increased its stake in Akamai Technologies by 82.8% during the first quarter, owning 38,679 shares valued at $3.1 million by the end of the reporting period.
• Akamai's recent quarterly earnings surpassed expectations, reporting $1.73 EPS compared to analyst forecasts of $1.55 and a revenue of $1.04 billion.
• Several institutions, including Mather Group LLC and Farther Finance Advisors LLC, have also significantly increased their holdings in Akamai Technologies, illustrating strong interest from institutional investors.

Fuller & Thaler Asset Management Inc. grew its holdings in shares of Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 82.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,679 shares of the technology infrastructure company's stock after purchasing an additional 17,522 shares during the period. Fuller & Thaler Asset Management Inc.'s holdings in Akamai Technologies were worth $3,114,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB boosted its stake 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 worth $35,000 after acquiring an additional 155 shares in the last quarter. Itau Unibanco Holding S.A. boosted its stake in shares of Akamai Technologies by 99.6% during the 4th quarter. Itau Unibanco Holding S.A. now owns 469 shares of the technology infrastructure company's stock worth $45,000 after acquiring an additional 234 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Akamai Technologies during the 1st quarter worth approximately $49,000. LRI Investments LLC boosted its stake in shares of Akamai Technologies by 500.0% during the 4th quarter. LRI Investments LLC now owns 624 shares of the technology infrastructure company's stock worth $60,000 after acquiring an additional 520 shares in the last quarter. Finally, TruNorth Capital Management LLC purchased a new stake in shares of Akamai Technologies during the 1st quarter worth approximately $65,000. Institutional investors and hedge funds own 94.28% of the company's stock.

Insider Transactions at Akamai Technologies

In other news, EVP Aaron Ahola sold 4,000 shares of the company's stock in a transaction on 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 directly owned 21,211 shares in the company, valued at $1,606,945.36. This represents a 15.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Paul C. Joseph sold 5,000 shares of the company's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $77.74, for a total value of $388,700.00. Following 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,157 shares of company stock valued at $1,927,014. Corporate insiders own 2.00% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Raymond James Financial decreased their price target on Akamai Technologies from $110.00 to $84.00 and set an "outperform" rating on the stock in a research note on Friday, August 8th. KeyCorp initiated coverage on Akamai Technologies in a research note on Friday, June 6th. They issued an "underweight" rating and a $63.00 target price on the stock. Zacks Research raised Akamai Technologies to a "hold" rating in a research note on Monday, August 11th. The Goldman Sachs Group initiated coverage on Akamai Technologies in a research note on Wednesday, August 13th. They issued a "sell" rating and a $67.00 target price on the stock. Finally, Wall Street Zen raised Akamai Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, Akamai Technologies presently has a consensus rating of "Hold" and an average target price of $94.89.

Akamai Technologies Trading Up 1.7%

AKAM traded up $1.32 during trading on Friday, hitting $77.64. The company's stock had a trading volume of 1,719,179 shares, compared to its average volume of 2,324,997. The firm's 50 day moving average price is $77.63 and its 200-day moving average price is $79.78. 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 stock has a market cap of $11.13 billion, a PE ratio of 27.53, a PEG ratio of 2.88 and a beta of 0.76. Akamai Technologies, Inc. has a twelve month low of $67.51 and a twelve month high of $106.80.

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 for the quarter, beating the consensus estimate of $1.55 by $0.18. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.02 billion. Akamai Technologies had a return on equity of 14.26% and a net margin of 10.40%.Akamai Technologies's revenue was up 6.5% on a year-over-year basis. During the same period in the previous 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. On average, analysts expect 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.