Woodline Partners LP Boosts Holdings in Akamai Technologies, Inc. $AKAM

Woodline Partners LP increased its holdings in Akamai Technologies, Inc. (NASDAQ:AKAM) by 3,783.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 186,036 shares of the technology infrastructure company’s stock after purchasing an additional 181,245 shares during the period. Woodline Partners LP owned 0.13% of Akamai Technologies worth $14,976,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Beverly Hills Private Wealth LLC raised its holdings in shares of Akamai Technologies by 4.7% during the 1st quarter. Beverly Hills Private Wealth LLC now owns 2,828 shares of the technology infrastructure company’s stock worth $228,000 after acquiring an additional 126 shares in the last quarter. Opes Wealth Management LLC raised its holdings in shares of Akamai Technologies by 2.7% during the 1st quarter. Opes Wealth Management LLC now owns 4,872 shares of the technology infrastructure company’s stock worth $392,000 after acquiring an additional 128 shares in the last quarter. Amalgamated Bank raised its holdings in shares of Akamai Technologies by 0.5% during the 1st quarter. Amalgamated Bank now owns 29,080 shares of the technology infrastructure company’s stock worth $2,341,000 after acquiring an additional 139 shares in the last quarter. Horizon Investments LLC raised its holdings in shares of Akamai Technologies by 7.2% during the 1st quarter. Horizon Investments LLC now owns 2,220 shares of the technology infrastructure company’s stock worth $179,000 after acquiring an additional 149 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of Akamai Technologies by 54.8% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 438 shares of the technology infrastructure company’s stock worth $35,000 after acquiring an additional 155 shares in the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. KeyCorp assumed coverage on Akamai Technologies in a report on Friday, June 6th. They set an “underweight” rating and a $63.00 price objective on the stock. Wall Street Zen raised Akamai Technologies from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Raymond James Financial decreased their price target on Akamai Technologies from $110.00 to $84.00 and set an “outperform” rating on the stock in a report on Friday, August 8th. The Goldman Sachs Group started coverage on Akamai Technologies in a report on Wednesday, August 13th. They set a “sell” rating and a $67.00 price target on the stock. Finally, Morgan Stanley lowered Akamai Technologies from an “equal weight” rating to an “underweight” rating and set a $85.00 price target on the stock. in a report on Tuesday, August 5th. 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 given a Sell rating to the company’s stock. According to MarketBeat, Akamai Technologies presently has an average rating of “Hold” and a consensus target price of $92.39.

Akamai Technologies Price Performance

AKAM opened at $76.75 on Thursday. Akamai Technologies, Inc. has a 12-month low of $67.51 and a 12-month high of $106.80. 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 business’s fifty day simple moving average is $77.25 and its 200-day simple moving average is $78.09. The company 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 (NASDAQ:AKAM) last posted its quarterly earnings results on Thursday, August 7th. The technology infrastructure company reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $1.02 billion. During the same quarter in the prior year, the company earned $1.58 EPS. The business’s revenue 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. On average, equities research analysts anticipate 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 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 approximately $2,514,811.26. This represents a 13.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Aaron Ahola sold 4,000 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $75.76, for a total value of $303,040.00. Following the transaction, the executive vice president directly owned 21,211 shares in the company, valued at $1,606,945.36. The trade was a 15.87% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,000 shares of company stock valued at $922,740. 2.00% of the stock is currently owned by corporate insiders.

Akamai Technologies Company 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.