Y Intercept Hong Kong Ltd Buys New Shares in Akamai Technologies, Inc. $AKAM

Y Intercept Hong Kong Ltd purchased a new position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 4,792 shares of the technology infrastructure company’s stock, valued at approximately $382,000.

A number of other large investors also recently modified their holdings of the business. WPG Advisers LLC acquired a new stake in shares of Akamai Technologies in the first quarter valued at about $27,000. UMB Bank n.a. boosted its position in 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 purchasing an additional 133 shares during the last quarter. LRI Investments LLC grew its stake in Akamai Technologies by 766.1% in the second quarter. LRI Investments LLC now owns 485 shares of the technology infrastructure company’s stock valued at $39,000 after purchasing an additional 429 shares in the last quarter. AlphaQuest LLC acquired a new position in shares of Akamai Technologies during the 1st quarter worth approximately $42,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Akamai Technologies during the 1st quarter worth approximately $49,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Akamai Technologies Trading Up 14.7%

AKAM stock opened at $83.74 on Friday. 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 company has a fifty day moving average price of $75.93 and a two-hundred day moving average price of $77.23. Akamai Technologies, Inc. has a one year low of $67.51 and a one year high of $103.75. The stock has a market cap of $12.01 billion, a price-to-earnings ratio of 29.70, a price-to-earnings-growth ratio of 3.49 and a beta of 0.72.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings data on Thursday, November 6th. The technology infrastructure company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.22. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. Akamai Technologies had a net margin of 10.40% and a return on equity of 14.26%. The company’s revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.59 earnings per share. Akamai Technologies has set its FY 2025 guidance at 6.930-7.130 EPS. Q4 2025 guidance at 1.650-1.850 EPS. Equities analysts anticipate that Akamai Technologies, Inc. will post 4.6 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AKAM. The Goldman Sachs Group began coverage on shares of Akamai Technologies in a research note on Wednesday, August 13th. They issued a “sell” rating and a $67.00 target price for the company. Morgan Stanley dropped their price target on shares of Akamai Technologies from $85.00 to $83.00 and set an “underweight” rating on the stock in a research report on Friday. Weiss Ratings raised shares of Akamai Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, October 24th. President Capital boosted their price objective on shares of Akamai Technologies from $104.00 to $116.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Scotiabank dropped their target price on shares of Akamai Technologies from $95.00 to $94.00 and set a “sector outperform” rating on the stock in a report on Friday. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, ten have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, Akamai Technologies presently has a consensus rating of “Hold” and an average price target of $93.70.

Insider Buying and Selling at Akamai Technologies

In other Akamai Technologies news, EVP Aaron Ahola sold 4,000 shares of the firm’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 transaction of $303,040.00. Following the completion of the sale, the executive vice president directly owned 21,211 shares in the company, valued at $1,606,945.36. This trade represents a 15.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Paul C. Joseph sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $76.65, for a total value of $383,250.00. Following the sale, 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 is available in the SEC filing. Insiders have sold a total of 15,500 shares of company stock valued at $1,218,290 in the last three months. 2.00% of the stock is currently owned by company insiders.

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.