Vontobel Holding Ltd. Has $117.35 Million Stock Position in Akamai Technologies, Inc. $AKAM

Vontobel Holding Ltd. grew its holdings in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 147.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,471,281 shares of the technology infrastructure company’s stock after buying an additional 875,712 shares during the quarter. Vontobel Holding Ltd. owned 1.01% of Akamai Technologies worth $117,349,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. WPG Advisers LLC acquired a new position in shares of Akamai Technologies during the first quarter valued at about $27,000. UMB Bank n.a. grew its holdings in shares of Akamai Technologies by 50.8% during the second quarter. UMB Bank n.a. now owns 395 shares of the technology infrastructure company’s stock valued at $32,000 after buying an additional 133 shares during the last quarter. AlphaQuest LLC acquired a new position in shares of Akamai Technologies during the first quarter valued at about $42,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Akamai Technologies during the first quarter valued at about $49,000. Finally, Quarry LP grew its holdings in shares of Akamai Technologies by 623.3% during the first quarter. Quarry LP now owns 622 shares of the technology infrastructure company’s stock valued at $50,000 after buying an additional 536 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Aaron Ahola sold 4,000 shares of the business’s 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 sale, the executive vice president owned 21,211 shares of the company’s stock, valued at $1,606,945.36. The trade was a 15.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Paul C. Joseph sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $76.65, for a total transaction of $383,250.00. Following the completion of the sale, the executive vice president directly owned 27,349 shares in the company, valued at approximately $2,096,300.85. This trade represents a 15.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,000 shares of company stock valued at $1,305,990 over the last quarter. Company insiders own 2.00% of the company’s stock.

Akamai Technologies Stock Performance

Shares of AKAM stock opened at $76.72 on Thursday. The firm has a market cap of $11.00 billion, a price-to-earnings ratio of 27.21, a P/E/G ratio of 3.66 and a beta of 0.75. The company has a debt-to-equity ratio of 0.92, a quick ratio of 2.31 and a current ratio of 2.31. Akamai Technologies, Inc. has a 52 week low of $67.51 and a 52 week high of $106.80. The firm’s 50-day simple moving average is $76.27 and its two-hundred day simple moving average is $77.46.

Akamai Technologies (NASDAQ:AKAM) last announced its quarterly earnings data on Thursday, August 7th. The technology infrastructure company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.55 by $0.18. Akamai Technologies had a net margin of 10.40% and a return on equity of 14.26%. 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 previous year, the firm posted $1.58 earnings per share. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. 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, equities analysts forecast that Akamai Technologies, Inc. will post 4.6 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AKAM. Piper Sandler cut their price target on shares of Akamai Technologies from $88.00 to $83.00 and set a “neutral” rating on the stock in a report on Friday, August 8th. Zacks Research upgraded shares of Akamai Technologies to a “hold” rating in a report on Monday, August 11th. Weiss Ratings cut shares of Akamai Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday. Scotiabank cut their price target on shares of Akamai Technologies from $105.00 to $95.00 and set a “sector outperform” rating on the stock in a report on Friday, August 8th. Finally, Wall Street Zen upgraded shares of Akamai Technologies from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have issued a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently 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.