King Luther Capital Management Corp Sells 257,434 Shares of Akamai Technologies, Inc. $AKAM

Key Points

• King Luther Capital Management trimmed its stake in Akamai by 44.2%, selling 257,434 shares and now owning 324,807 shares (about 0.22% of the company) valued at $25.9 million.
• Akamai beat earnings (EPS $1.86 vs. $1.64 expected; revenue $1.05B) and set FY2025 EPS guidance of $6.93–7.13, with the stock trading up about 14.7%.
• Analyst sentiment is mixed—Akamai has an average rating of Hold with a $93.80 target after several price cuts and downgrades—while insiders have sold 15,500 shares (~$1.22M) in the last 90 days and now own 2% of the stock.

King Luther Capital Management Corp trimmed its holdings in shares of Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 44.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 324,807 shares of the technology infrastructure company's stock after selling 257,434 shares during the period. King Luther Capital Management Corp owned about 0.22% of Akamai Technologies worth $25,907,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in AKAM. WPG Advisers LLC purchased a new stake in shares of Akamai Technologies in the 1st quarter worth approximately $27,000. UMB Bank n.a. raised its stake in 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 buying an additional 133 shares in the last quarter. Assetmark Inc. lifted its holdings in Akamai Technologies by 198.1% during the second quarter. Assetmark Inc. now owns 474 shares of the technology infrastructure company's stock worth $38,000 after buying an additional 315 shares during the period. LRI Investments LLC boosted its position in Akamai Technologies by 766.1% during the 2nd quarter. LRI Investments LLC now owns 485 shares of the technology infrastructure company's stock valued at $39,000 after acquiring an additional 429 shares in the last quarter. Finally, AlphaQuest LLC purchased a new position in shares of Akamai Technologies in the 1st quarter valued at $42,000. Hedge funds and other institutional investors own 94.28% of the company's stock.

Akamai Technologies Trading Up 14.7%

NASDAQ:AKAM opened at $83.74 on Friday. The company has a market capitalization of $12.01 billion, a P/E ratio of 29.70, a PEG ratio of 3.49 and a beta of 0.72. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.92. Akamai Technologies, Inc. has a 12 month low of $67.51 and a 12 month high of $103.75. The firm has a fifty day simple moving average of $75.93 and a 200-day simple moving average of $77.26.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last issued its earnings results on Thursday, November 6th. The technology infrastructure company reported $1.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.64 by $0.22. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.04 billion. Akamai Technologies had a return on equity of 14.26% and a net margin of 10.40%.The firm's quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the business posted $1.59 EPS. Akamai Technologies has set its FY 2025 guidance at 6.930-7.130 EPS. Q4 2025 guidance at 1.650-1.850 EPS. On average, equities research analysts anticipate that Akamai Technologies, Inc. will post 4.6 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on AKAM shares. Bank of America dropped their price objective on Akamai Technologies from $100.00 to $80.00 and set a "neutral" rating on the stock in a research report on Monday, October 20th. Morgan Stanley lowered their price target on shares of Akamai Technologies from $85.00 to $83.00 and set an "underweight" rating on the stock in a report on Friday. The Goldman Sachs Group lifted their price objective on shares of Akamai Technologies from $67.00 to $69.00 and gave the stock a "sell" rating in a research report on Friday. Weiss Ratings cut shares of Akamai Technologies from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday. Finally, Piper Sandler raised their target price on shares of Akamai Technologies from $83.00 to $86.00 and gave the company a "neutral" rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have assigned a Hold rating and five have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Akamai Technologies presently has an average rating of "Hold" and an average target price of $93.80.

Insider Activity

In other news, EVP Aaron Ahola sold 4,000 shares of the stock in a transaction 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 sale, the executive vice president owned 21,211 shares in the company, valued at $1,606,945.36. This represents a 15.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Paul C. Joseph sold 5,000 shares of the business's stock in a transaction on Monday, September 15th. The shares were sold at an average price of $76.65, for a total transaction of $383,250.00. Following the transaction, the executive vice president owned 27,349 shares of the company's stock, valued at $2,096,300.85. This represents a 15.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 15,500 shares of company stock valued at $1,218,290 in the last ninety days. Insiders own 2.00% of the company's stock.

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.

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