Clifford Swan Investment Counsel LLC Boosts Stock Holdings in Akamai Technologies, Inc. $AKAM

Clifford Swan Investment Counsel LLC lifted its position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 0.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 62,773 shares of the technology infrastructure company’s stock after acquiring an additional 419 shares during the quarter. Clifford Swan Investment Counsel LLC’s holdings in Akamai Technologies were worth $5,007,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Forum Financial Management LP bought a new position in Akamai Technologies during the second quarter worth about $335,000. D.A. Davidson & CO. lifted its stake in shares of Akamai Technologies by 5.2% during the 2nd quarter. D.A. Davidson & CO. now owns 10,011 shares of the technology infrastructure company’s stock valued at $798,000 after buying an additional 491 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Akamai Technologies in the 2nd quarter worth approximately $56,821,000. Arista Wealth Management LLC bought a new position in Akamai Technologies in the 2nd quarter worth about $239,000. Finally, Mutual Advisors LLC raised its holdings in shares of Akamai Technologies by 4.0% in the 2nd quarter. Mutual Advisors LLC now owns 4,609 shares of the technology infrastructure company’s stock valued at $372,000 after acquiring an additional 177 shares in the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Akamai Technologies Price Performance

Shares of Akamai Technologies stock opened at $74.71 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. Akamai Technologies, Inc. has a one year low of $67.51 and a one year high of $105.50. The business’s 50 day simple moving average is $76.34 and its two-hundred day simple moving average is $77.04. The stock has a market capitalization of $10.71 billion, a P/E ratio of 26.49, a price-to-earnings-growth ratio of 3.64 and a beta of 0.75.

Akamai Technologies (NASDAQ:AKAM) last issued its 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. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.02 billion. Akamai Technologies had a net margin of 10.40% and a return on equity of 14.26%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm 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. Analysts forecast that Akamai Technologies, Inc. will post 4.6 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Bank of America cut their price objective on Akamai Technologies from $100.00 to $80.00 and set a “neutral” rating for the company in a report on Monday. Wall Street Zen raised shares of Akamai Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Zacks Research upgraded shares of Akamai Technologies to a “hold” rating in a research report on Monday, August 11th. Scotiabank cut their target price on shares of Akamai Technologies from $105.00 to $95.00 and set a “sector outperform” rating for the company in a research report on Friday, August 8th. Finally, Piper Sandler lowered their price target on Akamai Technologies from $88.00 to $83.00 and set a “neutral” rating on the stock in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have issued a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, Akamai Technologies presently has an average rating of “Hold” and a consensus price target of $92.53.

Insider Activity at Akamai Technologies

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 stock was sold at an average price of $75.76, for a total transaction of $303,040.00. Following the transaction, the executive vice president directly owned 21,211 shares of the company’s stock, valued at approximately $1,606,945.36. The trade was a 15.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Paul C. Joseph sold 5,000 shares of the company’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 value of $383,250.00. Following the transaction, the executive vice president owned 27,349 shares of the company’s stock, valued at approximately $2,096,300.85. This represents a 15.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,000 shares of company stock worth $917,290 in the last 90 days. Company insiders own 2.00% of the company’s stock.

About Akamai Technologies

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.