Swedbank AB increased its position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 60.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 130,837 shares of the technology infrastructure company's stock after purchasing an additional 49,079 shares during the quarter. Swedbank AB owned approximately 0.09% of Akamai Technologies worth $10,436,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in the company. Bruce G. Allen Investments LLC grew its holdings in Akamai Technologies by 39.7% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 760 shares of the technology infrastructure company's stock worth $61,000 after acquiring an additional 216 shares during the last quarter. Gateway Investment Advisers LLC increased its position in Akamai Technologies by 33.9% in the 2nd quarter. Gateway Investment Advisers LLC now owns 28,998 shares of the technology infrastructure company's stock valued at $2,313,000 after acquiring an additional 7,345 shares in the last quarter. Czech National Bank increased its position in Akamai Technologies by 3.6% in the 2nd quarter. Czech National Bank now owns 35,737 shares of the technology infrastructure company's stock valued at $2,850,000 after acquiring an additional 1,233 shares in the last quarter. Inspire Investing LLC acquired a new stake in Akamai Technologies in the 1st quarter valued at about $313,000. Finally, Ransom Advisory Ltd acquired a new stake in Akamai Technologies in the 1st quarter valued at about $507,000. Institutional investors and hedge funds own 94.28% of the company's stock.
Akamai Technologies Trading Up 0.5%
Shares of AKAM traded up $0.40 on Monday, reaching $76.68. 1,350,285 shares of the company's stock were exchanged, compared to its average volume of 1,869,592. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $11.00 billion, a P/E ratio of 27.19, a price-to-earnings-growth ratio of 3.67 and a beta of 0.77. The business has a 50 day moving average price of $76.89 and a two-hundred day moving average price of $77.81. Akamai Technologies, Inc. has a 12 month low of $67.51 and a 12 month high of $106.80.
Akamai Technologies (NASDAQ:AKAM - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The technology infrastructure company reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.18. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. Akamai Technologies had a net margin of 10.40% and a return on equity of 14.26%. Akamai Technologies's quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm earned $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. Research analysts anticipate that Akamai Technologies, Inc. will post 4.6 earnings per share for the current year.
Insider Activity at Akamai Technologies
In other Akamai Technologies news, EVP Aaron Ahola sold 4,000 shares of Akamai Technologies 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. The trade was 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, CTO Robert Blumofe sold 3,000 shares of Akamai Technologies stock in a transaction that occurred 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 completion of the transaction, the chief technology officer directly owned 27,910 shares in the company, valued at approximately $2,149,070. The trade was a 9.71% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,000 shares of company stock worth $1,305,990. 2.00% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on the stock. Piper Sandler lowered their price objective on shares of Akamai Technologies from $88.00 to $83.00 and set a "neutral" rating for the company in a research report on Friday, August 8th. Scotiabank lowered their price objective on shares of Akamai Technologies from $105.00 to $95.00 and set a "sector outperform" rating for the company in a research report on Friday, August 8th. Raymond James Financial lowered their price objective on shares of Akamai Technologies from $110.00 to $84.00 and set an "outperform" rating for the company in a research report on Friday, August 8th. KeyCorp assumed coverage on shares of Akamai Technologies in a research report on Friday, June 6th. They issued an "underweight" rating and a $63.00 price objective for the company. Finally, Wall Street Zen upgraded shares of Akamai Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $92.39.
View Our Latest Report on AKAM
Akamai Technologies Profile
(
Free Report)
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.
Featured Articles

Before you consider Akamai Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Akamai Technologies wasn't on the list.
While Akamai Technologies currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.