Akamai Technologies, Inc. $AKAM Holdings Decreased by North Star Asset Management Inc.

North Star Asset Management Inc. reduced its stake in Akamai Technologies, Inc. (NASDAQ:AKAM) by 8.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 102,499 shares of the technology infrastructure company’s stock after selling 9,696 shares during the period. North Star Asset Management Inc. owned 0.07% of Akamai Technologies worth $8,175,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Akamai Technologies by 2.3% during the first quarter. Vanguard Group Inc. now owns 18,673,358 shares of the technology infrastructure company’s stock valued at $1,503,205,000 after acquiring an additional 425,461 shares during the period. Legal & General Group Plc increased its position in shares of Akamai Technologies by 3.5% in the second quarter. Legal & General Group Plc now owns 2,812,805 shares of the technology infrastructure company’s stock worth $224,349,000 after acquiring an additional 94,012 shares in the last quarter. Edmond DE Rothschild Holding S.A. boosted its position in shares of Akamai Technologies by 12.1% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 2,786,084 shares of the technology infrastructure company’s stock worth $222,218,000 after buying an additional 301,423 shares during the period. Mackenzie Financial Corp lifted its position in shares of Akamai Technologies by 2.3% in the first quarter. Mackenzie Financial Corp now owns 2,483,991 shares of the technology infrastructure company’s stock worth $199,961,000 after purchasing an additional 56,411 shares in the last quarter. Finally, Alyeska Investment Group L.P. raised its holdings in shares of Akamai Technologies by 1,001.4% during the first quarter. Alyeska Investment Group L.P. now owns 1,753,400 shares of the technology infrastructure company’s stock worth $141,149,000 after acquiring an additional 1,594,206 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. President Capital raised their target price on shares of Akamai Technologies from $104.00 to $116.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Morgan Stanley decreased 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 note on Friday, November 7th. Citigroup increased their price objective on shares of Akamai Technologies from $85.00 to $88.00 and gave the company a “neutral” rating in a research note on Tuesday, November 11th. Oppenheimer started coverage on shares of Akamai Technologies in a research report on Monday, November 17th. They set an “outperform” rating and a $100.00 target price on the stock. Finally, TD Cowen increased their price target on shares of Akamai Technologies from $98.00 to $104.00 and gave the stock a “hold” rating in a research report on Thursday, November 13th. Six analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, Akamai Technologies has an average rating of “Hold” and an average target price of $93.63.

Akamai Technologies Trading Down 0.8%

Shares of AKAM stock opened at $88.34 on Tuesday. The company has a market capitalization of $12.71 billion, a P/E ratio of 31.33, a P/E/G ratio of 3.49 and a beta of 0.72. Akamai Technologies, Inc. has a 12-month low of $67.51 and a 12-month high of $103.75. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.92. The firm has a 50-day moving average price of $78.22 and a 200 day moving average price of $77.77.

Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings data on Thursday, November 6th. The technology infrastructure company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.22. The company had revenue of $1.05 billion during 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 quarter last year, the business posted $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. Research analysts forecast that Akamai Technologies, Inc. will post 4.6 earnings per share for the current fiscal year.

Insider Transactions at Akamai Technologies

In other Akamai Technologies news, EVP Paul C. Joseph sold 5,000 shares of the firm’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $76.65, for a total value of $383,250.00. Following the completion of the sale, the executive vice president owned 27,349 shares in the company, valued at approximately $2,096,300.85. This trade represents a 15.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CTO Robert Blumofe sold 3,500 shares of the business’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $86.00, for a total value of $301,000.00. Following the sale, the chief technology officer owned 24,410 shares of the company’s stock, valued at approximately $2,099,260. The trade was a 12.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 2.00% of the company’s stock.

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.