DLD Asset Management LP Purchases 7,500,000 Shares of Akamai Technologies, Inc. $AKAM

DLD Asset Management LP boosted its holdings in Akamai Technologies, Inc. (NASDAQ:AKAM) by 60.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,000,000 shares of the technology infrastructure company’s stock after acquiring an additional 7,500,000 shares during the quarter. Akamai Technologies comprises about 6.3% of DLD Asset Management LP’s investment portfolio, making the stock its 4th biggest holding. DLD Asset Management LP owned 0.14% of Akamai Technologies worth $1,595,200,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in AKAM. Aristides Capital LLC bought a new stake in shares of Akamai Technologies in the 2nd quarter worth approximately $1,769,000. Elevation Point Wealth Partners LLC boosted its holdings in Akamai Technologies by 7.7% during the second quarter. Elevation Point Wealth Partners LLC now owns 9,652 shares of the technology infrastructure company’s stock worth $770,000 after buying an additional 691 shares in the last quarter. Vinva Investment Management Ltd grew its position in Akamai Technologies by 906.3% in the second quarter. Vinva Investment Management Ltd now owns 40,613 shares of the technology infrastructure company’s stock worth $3,233,000 after buying an additional 36,577 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Akamai Technologies by 19.2% in the second quarter. Advisors Asset Management Inc. now owns 21,501 shares of the technology infrastructure company’s stock valued at $1,715,000 after buying an additional 3,469 shares in the last quarter. Finally, Westport Asset Management Inc. increased its holdings in shares of Akamai Technologies by 0.8% in the second quarter. Westport Asset Management Inc. now owns 25,200 shares of the technology infrastructure company’s stock valued at $2,010,000 after buying an additional 200 shares in the last quarter. Institutional investors own 94.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on AKAM shares. Piper Sandler lifted their target price on Akamai Technologies from $83.00 to $86.00 and gave the stock a “neutral” rating in a report on Friday, November 7th. Bank of America cut their price objective on Akamai Technologies from $100.00 to $80.00 and set a “neutral” rating on the stock in a report on Monday, October 20th. TD Cowen upped their price objective on shares of Akamai Technologies from $98.00 to $104.00 and gave the company a “hold” rating in a research note on Thursday, November 13th. DA Davidson reissued a “buy” rating and issued a $115.00 target price on shares of Akamai Technologies in a research report on Thursday, October 16th. Finally, President Capital upped their price target on shares of Akamai Technologies from $104.00 to $116.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Six analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, Akamai Technologies presently has an average rating of “Hold” and an average price target of $93.63.

Insider Activity at Akamai Technologies

In other Akamai Technologies news, CTO Robert Blumofe sold 3,500 shares of Akamai Technologies stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $86.00, for a total value of $301,000.00. Following the completion of the sale, the chief technology officer directly owned 24,410 shares in the company, valued at $2,099,260. The trade was a 12.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 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. Additional details regarding this sale are available in the official SEC disclosure. 2.00% of the stock is currently owned by company insiders.

Akamai Technologies Price Performance

AKAM opened at $89.45 on Thursday. The stock has a fifty day moving average price of $78.78 and a 200 day moving average price of $77.95. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.92. Akamai Technologies, Inc. has a 1 year low of $67.51 and a 1 year high of $103.75. The stock has a market cap of $12.87 billion, a price-to-earnings ratio of 31.72, a PEG ratio of 3.49 and a beta of 0.72.

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