Akamai Technologies, Inc. $AKAM Shares Bought by M.E. Allison & CO. Inc.

M.E. Allison & CO. Inc. grew its holdings in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 17.8% in the second quarter, according to its most recent filing with the SEC. The firm owned 3,880 shares of the technology infrastructure company’s stock after acquiring an additional 585 shares during the quarter. M.E. Allison & CO. Inc.’s holdings in Akamai Technologies were worth $309,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in AKAM. WPG Advisers LLC acquired a new position in Akamai Technologies during the 1st quarter worth $27,000. UMB Bank n.a. lifted its holdings in shares of Akamai Technologies by 50.8% in the second quarter. UMB Bank n.a. now owns 395 shares of the technology infrastructure company’s stock valued at $32,000 after buying an additional 133 shares during the period. LRI Investments LLC lifted its holdings in shares of 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 buying an additional 429 shares during the period. AlphaQuest LLC acquired a new stake in shares of Akamai Technologies in the first quarter valued at $42,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Akamai Technologies in the first quarter valued at $49,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Insiders Place Their Bets

In other news, CTO Robert Blumofe sold 3,000 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $77.00, for a total transaction of $231,000.00. Following the completion of the sale, the chief technology officer directly owned 27,910 shares of the company’s stock, valued at $2,149,070. This trade represents a 9.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Paul C. Joseph sold 5,000 shares of the firm’s stock in a transaction dated 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 directly owned 27,349 shares of the company’s stock, valued at $2,096,300.85. This trade represents a 15.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,000 shares of company stock worth $1,305,990. 2.00% of the stock is currently owned by company insiders.

Akamai Technologies Trading Down 3.0%

Shares of NASDAQ AKAM opened at $73.24 on Monday. Akamai Technologies, Inc. has a 12 month low of $67.51 and a 12 month high of $106.80. The company has a market cap of $10.50 billion, a price-to-earnings ratio of 25.97, a P/E/G ratio of 3.50 and a beta of 0.75. 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 business has a fifty day simple moving average of $76.23 and a 200-day simple moving average of $77.29.

Akamai Technologies (NASDAQ:AKAM) last announced its quarterly earnings data on Thursday, August 7th. The technology infrastructure company reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.18. Akamai Technologies had a return on equity of 14.26% and a net margin of 10.40%.The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the company posted $1.58 EPS. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. Akamai Technologies has set its FY 2025 guidance at 6.600-6.800 EPS. Q3 2025 guidance at 1.620-1.660 EPS. Sell-side analysts predict that Akamai Technologies, Inc. will post 4.6 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Scotiabank cut their price objective on Akamai Technologies from $105.00 to $95.00 and set a “sector outperform” rating for the company in a report on Friday, August 8th. Wall Street Zen upgraded Akamai Technologies from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Raymond James Financial cut their price objective on Akamai Technologies from $110.00 to $84.00 and set an “outperform” rating for the company in a report on Friday, August 8th. Morgan Stanley lowered Akamai Technologies from an “equal weight” rating to an “underweight” rating and set a $85.00 price objective for the company. in a report on Tuesday, August 5th. Finally, Weiss Ratings lowered Akamai Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have assigned a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $92.39.

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.