Akamai Technologies, Inc. $AKAM Shares Bought by Woodline Partners LP

Key Points

• Woodline Partners LP has significantly increased its stake in Akamai Technologies by 3,783.0%, acquiring a total of 186,036 shares valued at approximately $15 million.
• Akamai Technologies recently reported quarterly earnings of $1.73 EPS, exceeding analysts' expectations and demonstrating a 6.5% revenue increase year-over-year.
• Analysts have mixed ratings on Akamai, with a consensus target price of $92.39 and differing outlooks, including one Strong Buy, seven Buy, nine Hold, and four Sell ratings.

Woodline Partners LP raised its stake in Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 3,783.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 186,036 shares of the technology infrastructure company's stock after buying an additional 181,245 shares during the quarter. Woodline Partners LP owned approximately 0.13% of Akamai Technologies worth $14,976,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. WPG Advisers LLC purchased a new stake in shares of Akamai Technologies in the first quarter valued at about $27,000. MassMutual Private Wealth & Trust FSB boosted its holdings 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 purchasing an additional 155 shares during the last quarter. AlphaQuest LLC purchased a new stake in shares of Akamai Technologies in the 1st quarter valued at approximately $42,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Akamai Technologies during the 1st quarter worth approximately $49,000. Finally, Quarry LP increased its holdings in shares of Akamai Technologies by 623.3% during the 1st quarter. Quarry LP now owns 622 shares of the technology infrastructure company's stock worth $50,000 after buying an additional 536 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company's stock.

Insider Buying and Selling at Akamai Technologies

In other news, EVP Aaron Ahola sold 4,000 shares of Akamai Technologies stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $75.76, for a total value of $303,040.00. Following the completion of the transaction, the executive vice president owned 21,211 shares in the company, valued at approximately $1,606,945.36. This trade represents a 15.87% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Paul C. Joseph sold 5,000 shares of the business's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $77.74, for a total value of $388,700.00. Following the transaction, the executive vice president directly owned 32,349 shares of the company's stock, valued at approximately $2,514,811.26. This represents a 13.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,000 shares of company stock valued at $922,740 in the last quarter. Corporate insiders own 2.00% of the company's stock.

Akamai Technologies Stock Down 3.0%

Shares of AKAM stock traded down $2.36 during trading on Friday, reaching $76.84. The company's stock had a trading volume of 1,518,720 shares, compared to its average volume of 1,632,376. Akamai Technologies, Inc. has a 1-year low of $67.51 and a 1-year high of $106.80. The stock's 50-day moving average price is $77.20 and its 200 day moving average price is $78.08. The company has a market capitalization of $11.02 billion, a price-to-earnings ratio of 27.25, a P/E/G ratio of 3.81 and a beta of 0.77. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.31 and a quick ratio of 2.31.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. Akamai Technologies had a return on equity of 14.26% and a net margin of 10.40%.The company's revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $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. On average, research analysts anticipate that Akamai Technologies, Inc. will post 4.6 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on AKAM shares. Piper Sandler lowered their price objective on 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 target on Akamai Technologies from $105.00 to $95.00 and set a "sector outperform" rating for the company in a report on Friday, August 8th. The Goldman Sachs Group began coverage on shares of Akamai Technologies in a report on Wednesday, August 13th. They issued a "sell" rating and a $67.00 price objective on the stock. Wall Street Zen raised shares of Akamai Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Finally, KeyCorp initiated coverage on shares of Akamai Technologies in a research report on Friday, June 6th. They set an "underweight" rating and a $63.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, Akamai Technologies presently has a consensus rating of "Hold" and a consensus target price of $92.39.

Akamai Technologies Profile

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.