Ilmarinen Mutual Pension Insurance Co Acquires New Shares in Akamai Technologies, Inc. $AKAM

Ilmarinen Mutual Pension Insurance Co bought a new position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 25,000 shares of the technology infrastructure company’s stock, valued at approximately $2,013,000.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Akamai Technologies by 2.3% during the first quarter. Vanguard Group Inc. now owns 18,673,358 shares of the technology infrastructure company’s stock worth $1,503,205,000 after purchasing an additional 425,461 shares during the period. Edmond DE Rothschild Holding S.A. raised 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 buying an additional 160,665 shares during the period. Mackenzie Financial Corp lifted its stake in Akamai Technologies by 2.3% in the first quarter. Mackenzie Financial Corp now owns 2,483,991 shares of the technology infrastructure company’s stock valued at $199,961,000 after buying an additional 56,411 shares in the last quarter. Alyeska Investment Group L.P. boosted its holdings in shares of Akamai Technologies by 1,001.4% in the first quarter. Alyeska Investment Group L.P. now owns 1,753,400 shares of the technology infrastructure company’s stock valued at $141,149,000 after buying an additional 1,594,206 shares during the period. Finally, Retirement Systems of Alabama boosted its holdings in shares of Akamai Technologies by 16.4% in the first quarter. Retirement Systems of Alabama now owns 1,061,290 shares of the technology infrastructure company’s stock valued at $85,434,000 after buying an additional 149,762 shares during the period. 94.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AKAM has been the topic of several research reports. KeyCorp began 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 on the stock. Piper Sandler dropped their price target on Akamai Technologies from $88.00 to $83.00 and set a “neutral” rating on the stock in a research note on Friday, August 8th. Zacks Research raised Akamai Technologies to a “hold” rating in a research report on Monday, August 11th. Wall Street Zen upgraded Akamai Technologies from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Finally, The Goldman Sachs Group began coverage on Akamai Technologies in a research note on Wednesday, August 13th. They issued a “sell” rating and a $67.00 target price on the stock. One 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 issued a Sell rating to the stock. Based on data from MarketBeat, Akamai Technologies presently has an average rating of “Hold” and a consensus target price of $92.39.

Akamai Technologies Price Performance

Shares of NASDAQ AKAM opened at $76.75 on Thursday. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.31 and a quick ratio of 2.31. The business has a 50-day moving average of $77.25 and a 200-day moving average of $78.09. The stock has a market capitalization of $11.01 billion, a price-to-earnings ratio of 27.22, a PEG ratio of 3.79 and a beta of 0.77. Akamai Technologies, Inc. has a fifty-two week low of $67.51 and a fifty-two week high of $106.80.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings results on Thursday, August 7th. The technology infrastructure company reported $1.73 EPS for the quarter, beating the consensus estimate 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 return on equity of 14.26% and a net margin of 10.40%.The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the prior 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. As a group, sell-side analysts predict that Akamai Technologies, Inc. will post 4.6 earnings per share for the current fiscal year.

Insider Activity 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 shares were 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 of the company’s stock, valued at $1,606,945.36. This trade represents a 15.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Paul C. Joseph sold 5,000 shares of the company’s stock in a transaction dated 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 directly owned 32,349 shares in the company, valued at approximately $2,514,811.26. The trade was a 13.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,000 shares of company stock valued at $922,740. 2.00% of the stock is owned by corporate insiders.

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.