Janney Montgomery Scott LLC Acquires 1,351 Shares of Akamai Technologies, Inc. $AKAM

Janney Montgomery Scott LLC grew its holdings in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 8.2% in the second quarter, Holdings Channel.com reports. The firm owned 17,899 shares of the technology infrastructure company’s stock after buying an additional 1,351 shares during the period. Janney Montgomery Scott LLC’s holdings in Akamai Technologies were worth $1,428,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in 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. lifted its holdings in shares of Akamai Technologies by 6.9% in the first 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 in the last quarter. Mackenzie Financial Corp lifted its holdings in shares of 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 worth $199,961,000 after buying an additional 56,411 shares in the last quarter. Alyeska Investment Group L.P. lifted 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 worth $141,149,000 after buying an additional 1,594,206 shares in the last quarter. Finally, Retirement Systems of Alabama lifted 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 worth $85,434,000 after buying an additional 149,762 shares in the last quarter. Institutional investors own 94.28% of the company’s stock.

Analysts Set New Price Targets

AKAM has been the topic of a number of recent analyst reports. Morgan Stanley downgraded shares of 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. Wall Street Zen raised shares of Akamai Technologies from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Scotiabank lowered their target price on shares of 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. Raymond James Financial lowered their target price on shares of Akamai Technologies from $110.00 to $84.00 and set an “outperform” rating on the stock in a research note on Friday, August 8th. Finally, Piper Sandler lowered their target price on shares of Akamai Technologies from $88.00 to $83.00 and set a “neutral” rating on the stock in a research note on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $92.39.

Insider Buying and Selling

In related news, EVP Aaron Ahola sold 4,000 shares of Akamai Technologies stock in a transaction 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 transaction, the executive vice president directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Paul C. Joseph sold 5,000 shares of Akamai Technologies stock in a transaction on Monday, September 15th. The stock was sold at an average price of $76.65, for a total transaction of $383,250.00. Following the completion of the transaction, the executive vice president directly owned 27,349 shares in the company, valued at approximately $2,096,300.85. The trade was a 15.46% decrease in their ownership of the stock. 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 three months. 2.00% of the stock is owned by company insiders.

Akamai Technologies Trading Down 3.0%

AKAM stock opened at $73.24 on Monday. The company has a market capitalization of $10.50 billion, a PE ratio of 25.97, a price-to-earnings-growth ratio of 3.50 and a beta of 0.75. Akamai Technologies, Inc. has a one year low of $67.51 and a one year high of $106.80. The company’s 50 day moving average price is $76.23 and its two-hundred day moving average price is $77.29. 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 (NASDAQ:AKAM) last posted its quarterly earnings results 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 firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the firm posted $1.58 earnings per share. 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. As a group, analysts predict that Akamai Technologies, Inc. will post 4.6 earnings per share for the current fiscal year.

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.