Van Lanschot Kempen Investment Management N.V. Acquires New Shares in Akamai Technologies, Inc. $AKAM

Key Points

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Van Lanschot Kempen Investment Management N.V. purchased a new stake in Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 272,405 shares of the technology infrastructure company's stock, valued at approximately $21,929,000. Van Lanschot Kempen Investment Management N.V. owned approximately 0.19% of Akamai Technologies at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of AKAM. MassMutual Private Wealth & Trust FSB boosted its stake in Akamai Technologies by 54.8% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 438 shares of the technology infrastructure company's stock valued at $35,000 after buying an additional 155 shares in the last quarter. Itau Unibanco Holding S.A. boosted its stake in Akamai Technologies by 99.6% in the 4th quarter. Itau Unibanco Holding S.A. now owns 469 shares of the technology infrastructure company's stock valued at $45,000 after buying an additional 234 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Akamai Technologies in the 1st quarter valued at $49,000. LRI Investments LLC boosted its stake in Akamai Technologies by 500.0% in the 4th quarter. LRI Investments LLC now owns 624 shares of the technology infrastructure company's stock valued at $60,000 after buying an additional 520 shares in the last quarter. Finally, TruNorth Capital Management LLC acquired a new stake in Akamai Technologies in the 1st quarter valued at $65,000. Institutional investors and hedge funds own 94.28% of the company's stock.

Wall Street Analyst Weigh In

AKAM has been the topic of several recent analyst reports. 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 price target on the stock. Zacks Research raised Akamai Technologies to a "hold" rating in a research note on Monday, August 11th. Raymond James Financial reduced their price objective 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. Scotiabank reduced their price objective on Akamai Technologies from $105.00 to $95.00 and set a "sector outperform" rating on the stock in a research note on Friday, August 8th. Finally, KeyCorp initiated coverage on Akamai Technologies in a research note on Friday, June 6th. They issued an "underweight" rating and a $63.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $94.89.

Akamai Technologies Price Performance

Akamai Technologies stock traded up $1.32 on Friday, reaching $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 company has a debt-to-equity ratio of 0.92, a quick ratio of 2.31 and a current ratio of 2.31. The company has a market cap of $11.13 billion, a price-to-earnings ratio of 27.53, a PEG ratio of 2.83 and a beta of 0.76. The business's fifty day moving average price is $77.63 and its 200 day moving average price is $79.93. 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 (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.18. Akamai Technologies had a return on equity of 14.26% and a net margin of 10.40%.The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the firm posted $1.58 earnings per share. The firm's revenue for the quarter was up 6.5% compared to the same quarter last year. Akamai Technologies has set its FY 2025 guidance at 6.600-6.800 EPS. Q3 2025 guidance at 1.620-1.660 EPS. Equities analysts expect that Akamai Technologies, Inc. will post 4.6 earnings per share for the current fiscal year.

Insider Transactions at Akamai Technologies

In other news, 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 transaction of $388,700.00. Following the transaction, the executive vice president owned 32,349 shares of the company's stock, valued at $2,514,811.26. This represents a 13.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Kim Salem-Jackson sold 13,157 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $76.33, for a total value of $1,004,273.81. Following the transaction, the executive vice president directly owned 43,575 shares in the company, valued at $3,326,079.75. This trade represents a 23.19% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 25,157 shares of company stock worth $1,927,014. 2.00% of the stock is owned by insiders.

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.