Ransom Advisory Ltd Takes $507,000 Position in Akamai Technologies, Inc. $AKAM

Key Points

• Ransom Advisory Ltd recently invested approximately $507,000 in Akamai Technologies, purchasing 6,300 shares during the first quarter.
• Akamai Technologies reported a 6.5% year-over-year revenue increase of $1.04 billion and surpassed earnings estimates with $1.73 per share, exceeding the consensus of $1.55.
• Institutional investors own 94.28% of Akamai's stock, highlighting a strong interest from serious financial stakeholders.

Ransom Advisory Ltd acquired a new position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 6,300 shares of the technology infrastructure company's stock, valued at approximately $507,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Akamai Technologies by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 18,673,358 shares of the technology infrastructure company's stock worth $1,503,205,000 after acquiring an additional 425,461 shares in the last quarter. Edmond DE Rothschild Holding S.A. grew its holdings in Akamai Technologies by 6.9% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 2,484,661 shares of the technology infrastructure company's stock worth $200,015,000 after acquiring an additional 160,665 shares in the last quarter. Mackenzie Financial Corp grew its holdings in Akamai Technologies by 2.3% during the 1st quarter. Mackenzie Financial Corp now owns 2,483,991 shares of the technology infrastructure company's stock worth $199,961,000 after acquiring an additional 56,411 shares in the last quarter. Alyeska Investment Group L.P. grew its holdings in Akamai Technologies by 1,001.4% during the 1st quarter. Alyeska Investment Group L.P. now owns 1,753,400 shares of the technology infrastructure company's stock worth $141,149,000 after acquiring an additional 1,594,206 shares in the last quarter. Finally, Retirement Systems of Alabama grew its holdings in Akamai Technologies by 16.4% during the 1st quarter. Retirement Systems of Alabama now owns 1,061,290 shares of the technology infrastructure company's stock worth $85,434,000 after acquiring an additional 149,762 shares in the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AKAM. Scotiabank reduced their price target on shares of Akamai Technologies from $105.00 to $95.00 and set a "sector outperform" rating on the stock in a research report on Friday, August 8th. Piper Sandler reduced their price target on shares of 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 upgraded shares of Akamai Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Raymond James Financial cut their price objective on shares of Akamai Technologies from $110.00 to $84.00 and set an "outperform" rating on the stock in a research report on Friday, August 8th. Finally, The Goldman Sachs Group began coverage on shares of Akamai Technologies in a research report on Wednesday, August 13th. They issued a "sell" rating and a $67.00 price objective on the stock. One investment analyst has 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 stock. According to data from MarketBeat.com, Akamai Technologies has a consensus rating of "Hold" and a consensus price target of $92.39.

Akamai Technologies Price Performance

NASDAQ:AKAM traded down $2.36 during trading hours on Friday, reaching $76.84. 1,518,720 shares of the company's stock were exchanged, compared to its average volume of 1,632,376. The company has a market capitalization of $11.02 billion, a P/E ratio of 27.25, a price-to-earnings-growth ratio of 3.81 and a beta of 0.77. Akamai Technologies, Inc. has a 12 month low of $67.51 and a 12 month high of $106.80. 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 business's 50-day simple moving average is $77.20 and its two-hundred day simple moving average is $78.09.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last issued its earnings results on Thursday, August 7th. The technology infrastructure company reported $1.73 earnings per share for the quarter, topping analysts' consensus estimates of $1.55 by $0.18. The firm had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $1.02 billion. Akamai Technologies had a net margin of 10.40% and a return on equity of 14.26%. The firm's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period last year, the firm posted $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. Sell-side analysts expect that Akamai Technologies, Inc. will post 4.6 EPS for the current fiscal year.

Insider Buying and Selling at Akamai Technologies

In other Akamai Technologies news, EVP Paul C. Joseph sold 5,000 shares of Akamai Technologies stock in a transaction 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 completion of 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 position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CTO Robert Blumofe sold 3,000 shares of Akamai Technologies stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $77.00, for a total transaction of $231,000.00. Following the sale, the chief technology officer directly owned 27,910 shares of the company's stock, valued at $2,149,070. This trade represents a 9.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,000 shares of company stock valued at $922,740 in the last quarter. Company 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.