Akamai Technologies, Inc. $AKAM Holdings Trimmed by Northern Trust Corp

Northern Trust Corp lowered its position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 0.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,847,721 shares of the technology infrastructure company’s stock after selling 14,124 shares during the quarter. Northern Trust Corp owned 1.26% of Akamai Technologies worth $148,742,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. MassMutual Private Wealth & Trust FSB grew its stake in Akamai Technologies by 54.8% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 438 shares of the technology infrastructure company’s stock valued at $35,000 after acquiring an additional 155 shares in the last quarter. Itau Unibanco Holding S.A. lifted its holdings in Akamai Technologies by 99.6% in the 4th quarter. Itau Unibanco Holding S.A. now owns 469 shares of the technology infrastructure company’s stock worth $45,000 after purchasing an additional 234 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Akamai Technologies in the 1st quarter worth approximately $49,000. LRI Investments LLC lifted its holdings in Akamai Technologies by 500.0% in the 4th quarter. LRI Investments LLC now owns 624 shares of the technology infrastructure company’s stock worth $60,000 after purchasing an additional 520 shares during the last quarter. Finally, TruNorth Capital Management LLC bought a new position in Akamai Technologies during the first quarter worth $65,000. 94.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AKAM. Piper Sandler lowered their price objective on Akamai Technologies from $88.00 to $83.00 and set a “neutral” rating on the stock in a research report on Friday, August 8th. KeyCorp started coverage on Akamai Technologies in a research note on Friday, June 6th. They set an “underweight” rating and a $63.00 price objective for the company. Scotiabank lowered their target price on Akamai Technologies from $105.00 to $95.00 and set a “sector outperform” rating for the company in a research note on Friday, August 8th. The Goldman Sachs Group began coverage on Akamai Technologies in a research note on Wednesday, August 13th. They issued a “sell” rating and a $67.00 target price for the company. Finally, Zacks Research upgraded Akamai Technologies to a “hold” rating in a report on Monday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, Akamai Technologies has an average rating of “Hold” and a consensus target price of $94.89.

Akamai Technologies Stock Up 1.7%

Shares of Akamai Technologies stock opened at $77.64 on Friday. The firm has a market cap of $11.13 billion, a PE ratio of 27.53, a P/E/G ratio of 2.83 and a beta of 0.76. Akamai Technologies, Inc. has a 52-week low of $67.51 and a 52-week high of $106.80. The business’s 50 day simple moving average is $77.63 and its 200 day simple moving average is $79.93. 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 posted its quarterly earnings results on Thursday, August 7th. The technology infrastructure company reported $1.73 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the firm earned $1.58 EPS. The business’s quarterly revenue was up 6.5% on a year-over-year basis. Akamai Technologies has set its FY 2025 guidance at 6.600-6.800 EPS. Q3 2025 guidance at 1.620-1.660 EPS. On average, analysts predict that Akamai Technologies, Inc. will post 4.6 earnings per share for the current fiscal year.

Insider Transactions at Akamai Technologies

In related news, CTO Robert Blumofe sold 3,000 shares of Akamai Technologies stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $77.00, for a total transaction of $231,000.00. Following the sale, the chief technology officer directly owned 27,910 shares of the company’s stock, valued at approximately $2,149,070. The trade was a 9.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Paul C. Joseph sold 5,000 shares of the company’s stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $77.74, for a total value of $388,700.00. Following the completion of the transaction, the executive vice president directly owned 32,349 shares of the company’s stock, valued at approximately $2,514,811.26. The trade was a 13.39% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,157 shares of company stock valued at $1,927,014. Company 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.