Brighton Jones LLC Grows Holdings in Akamai Technologies, Inc. $AKAM

Brighton Jones LLC grew its holdings in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 8.2% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 5,553 shares of the technology infrastructure company’s stock after acquiring an additional 421 shares during the period. Brighton Jones LLC’s holdings in Akamai Technologies were worth $443,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in AKAM. WPG Advisers LLC purchased a new position in shares of Akamai Technologies during the 1st quarter valued at approximately $27,000. UMB Bank n.a. raised its position in shares of Akamai Technologies by 50.8% during the 2nd quarter. UMB Bank n.a. now owns 395 shares of the technology infrastructure company’s stock valued at $32,000 after acquiring an additional 133 shares in the last quarter. LRI Investments LLC raised its position in shares of Akamai Technologies by 766.1% during the 2nd quarter. LRI Investments LLC now owns 485 shares of the technology infrastructure company’s stock valued at $39,000 after acquiring an additional 429 shares in the last quarter. AlphaQuest LLC acquired a new stake in shares of Akamai Technologies during the 1st quarter valued at approximately $42,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Akamai Technologies during the 1st quarter valued at approximately $49,000. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Akamai Technologies

In related news, EVP Paul C. Joseph sold 5,000 shares of Akamai Technologies stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $76.65, for a total transaction of $383,250.00. Following the sale, the executive vice president directly owned 27,349 shares in the company, valued at $2,096,300.85. The trade was a 15.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $303,040.00. Following the sale, the executive vice president owned 21,211 shares in the company, valued at approximately $1,606,945.36. This represents a 15.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 12,000 shares of company stock worth $917,290 over the last ninety days. 2.00% of the stock is currently owned by corporate insiders.

Akamai Technologies Price Performance

Shares of NASDAQ AKAM opened at $73.01 on Thursday. Akamai Technologies, Inc. has a 1-year low of $67.51 and a 1-year high of $105.26. 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’s fifty day moving average price is $76.29 and its two-hundred day moving average price is $77.18. The firm has a market capitalization of $10.47 billion, a PE ratio of 25.89, a P/E/G ratio of 3.62 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 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.18. Akamai Technologies had a return on equity of 14.26% and a net margin of 10.40%.The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the company earned $1.58 earnings per share. The firm’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. On average, research analysts expect that Akamai Technologies, Inc. will post 4.6 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AKAM. Zacks Research raised Akamai Technologies to a “hold” rating in a research report on Monday, August 11th. Wall Street Zen raised Akamai Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. 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 research report on Tuesday, August 5th. Scotiabank dropped their price target on Akamai Technologies from $105.00 to $95.00 and set a “sector outperform” rating on the stock in a research report on Friday, August 8th. Finally, The Goldman Sachs Group initiated coverage on Akamai Technologies in a research report on Wednesday, August 13th. They set a “sell” rating and a $67.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $92.53.

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.