Premier Path Wealth Partners LLC Purchases New Stake in Akamai Technologies, Inc. $AKAM

Premier Path Wealth Partners LLC purchased a new stake in Akamai Technologies, Inc. (NASDAQ:AKAM) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 15,518 shares of the technology infrastructure company’s stock, valued at approximately $1,238,000.

Other hedge funds have also bought and sold shares of the company. Mather Group LLC. grew its position in Akamai Technologies by 97.4% in the 1st quarter. Mather Group LLC. now owns 1,224 shares of the technology infrastructure company’s stock valued at $99,000 after purchasing an additional 604 shares during the period. Paralel Advisors LLC grew its position in Akamai Technologies by 43.8% in the 2nd quarter. Paralel Advisors LLC now owns 33,188 shares of the technology infrastructure company’s stock valued at $2,647,000 after purchasing an additional 10,110 shares during the period. Amalgamated Bank boosted its holdings in 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 during the last quarter. Polianta Ltd purchased a new position in Akamai Technologies during the 2nd quarter worth $1,236,000. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in Akamai Technologies by 1,663.2% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,027,175 shares of the technology infrastructure company’s stock worth $81,927,000 after acquiring an additional 968,919 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Insider Buying and Selling

In related news, EVP Aaron Ahola sold 4,000 shares of the business’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $75.76, for a total value of $303,040.00. Following the sale, the executive vice president directly owned 21,211 shares in the company, valued at approximately $1,606,945.36. The trade was a 15.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Robert Blumofe sold 3,000 shares of the business’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $77.00, for a total value of $231,000.00. Following the completion of the sale, the chief technology officer owned 27,910 shares in the company, valued at $2,149,070. This represents a 9.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 12,000 shares of company stock valued at $917,290. 2.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

AKAM has been the topic of a number of analyst reports. Zacks Research raised shares of Akamai Technologies to a “hold” rating in a report on Monday, August 11th. Wall Street Zen raised shares of Akamai Technologies from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Piper Sandler cut their price objective 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. The Goldman Sachs Group initiated coverage on shares of Akamai Technologies in a report on Wednesday, August 13th. They set a “sell” rating and a $67.00 price objective on the stock. Finally, Weiss Ratings raised shares of Akamai Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $92.53.

Akamai Technologies Price Performance

Shares of NASDAQ:AKAM opened at $73.01 on Thursday. The company’s 50-day moving average is $76.29 and its 200 day moving average is $77.18. The company has a debt-to-equity ratio of 0.92, a quick ratio of 2.31 and a current ratio of 2.31. The company has a market capitalization of $10.47 billion, a P/E ratio of 25.89, a price-to-earnings-growth ratio of 3.62 and a beta of 0.75. Akamai Technologies, Inc. has a fifty-two week low of $67.51 and a fifty-two week high of $105.26.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings results on Thursday, August 7th. The technology infrastructure company reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.58 EPS. 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 forecast that Akamai Technologies, Inc. will post 4.6 earnings per share for the current year.

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.