Akamai Technologies, Inc. $AKAM Shares Sold by Forsta AP Fonden

Forsta AP Fonden lowered its stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 2.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,600 shares of the technology infrastructure company’s stock after selling 600 shares during the quarter. Forsta AP Fonden’s holdings in Akamai Technologies were worth $2,281,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. WPG Advisers LLC bought a new stake in Akamai Technologies in the first quarter valued at $27,000. UMB Bank n.a. grew its position in shares of Akamai Technologies by 50.8% during the second quarter. UMB Bank n.a. now owns 395 shares of the technology infrastructure company’s stock worth $32,000 after acquiring an additional 133 shares during the last quarter. Assetmark Inc. increased its holdings in shares of Akamai Technologies by 198.1% in the 2nd quarter. Assetmark Inc. now owns 474 shares of the technology infrastructure company’s stock worth $38,000 after acquiring an additional 315 shares during the period. LRI Investments LLC lifted its position in Akamai Technologies by 766.1% in the 2nd 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 during the last quarter. Finally, AlphaQuest LLC bought a new stake in Akamai Technologies in the 1st quarter valued at about $42,000. 94.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Weiss Ratings upgraded shares of Akamai Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday. DA Davidson reiterated a “buy” rating and set a $115.00 price objective on shares of Akamai Technologies in a research report on Thursday, October 16th. HSBC raised their target price on Akamai Technologies from $130.00 to $134.00 in a research report on Monday, November 10th. Wall Street Zen raised Akamai Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Finally, Citigroup boosted their price target on Akamai Technologies from $85.00 to $88.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 11th. Six investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, Akamai Technologies has an average rating of “Hold” and an average target price of $93.63.

Insider Buying and Selling at Akamai Technologies

In related news, EVP Paul C. Joseph sold 5,000 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $76.65, for a total transaction of $383,250.00. Following the completion of the sale, the executive vice president directly owned 27,349 shares of the company’s stock, valued at $2,096,300.85. This represents a 15.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Robert Blumofe sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $86.00, for a total transaction of $301,000.00. Following the sale, the chief technology officer owned 24,410 shares of the company’s stock, valued at $2,099,260. The trade was a 12.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 15,500 shares of company stock valued at $1,218,290. 2.00% of the stock is owned by insiders.

Akamai Technologies Stock Performance

Shares of NASDAQ AKAM opened at $87.17 on Friday. Akamai Technologies, Inc. has a 1 year low of $67.51 and a 1 year high of $103.75. The firm has a market cap of $12.54 billion, a P/E ratio of 30.91, a PEG ratio of 3.49 and a beta of 0.72. The stock has a fifty day moving average price of $77.01 and a two-hundred day moving average price of $77.59. 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 announced 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. Akamai Technologies had a return on equity of 14.26% and a net margin of 10.40%.The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the prior year, the firm posted $1.59 earnings per share. The company’s revenue was up 5.0% on a year-over-year basis. Akamai Technologies has set its FY 2025 guidance at 6.930-7.130 EPS. Q4 2025 guidance at 1.650-1.850 EPS. Research analysts forecast that Akamai Technologies, Inc. will post 4.6 EPS for the current fiscal year.

Akamai Technologies Company 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.