Akamai Technologies, Inc. $AKAM Stock Holdings Lifted by Y.D. More Investments Ltd

Y.D. More Investments Ltd grew its stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 6.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 13,366 shares of the technology infrastructure company’s stock after acquiring an additional 850 shares during the period. Y.D. More Investments Ltd’s holdings in Akamai Technologies were worth $1,064,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Brighton Jones LLC boosted its position in shares of Akamai Technologies by 101.4% in the 4th quarter. Brighton Jones LLC now owns 4,016 shares of the technology infrastructure company’s stock valued at $384,000 after purchasing an additional 2,022 shares during the period. Apollon Wealth Management LLC purchased a new stake in Akamai Technologies during the first quarter valued at about $203,000. Whittier Trust Co. boosted its holdings in shares of Akamai Technologies by 34.3% in the first quarter. Whittier Trust Co. now owns 1,026 shares of the technology infrastructure company’s stock worth $83,000 after buying an additional 262 shares during the period. Larson Financial Group LLC increased its position in shares of Akamai Technologies by 210.6% in the first quarter. Larson Financial Group LLC now owns 941 shares of the technology infrastructure company’s stock worth $76,000 after acquiring an additional 638 shares in the last quarter. Finally, Hollencrest Capital Management increased its position in shares of Akamai Technologies by 46.3% in the first quarter. Hollencrest Capital Management now owns 822 shares of the technology infrastructure company’s stock worth $66,000 after acquiring an additional 260 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Akamai Technologies

In other Akamai Technologies news, CTO Robert Blumofe sold 3,500 shares of the business’s 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 of the company’s stock, 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 SEC, which is available at this hyperlink. Also, EVP Aaron Ahola sold 4,000 shares of the firm’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $75.76, for a total transaction of $303,040.00. Following the transaction, the executive vice president owned 21,211 shares in the company, valued at $1,606,945.36. This represents a 15.87% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 15,500 shares of company stock valued at $1,218,290. 2.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AKAM. Scotiabank reduced their price target on shares of Akamai Technologies from $95.00 to $94.00 and set a “hold” rating for the company in a research report on Friday, November 7th. HSBC increased their target price on Akamai Technologies from $130.00 to $134.00 in a report on Monday, November 10th. Citigroup lifted their price target on Akamai Technologies from $85.00 to $88.00 and gave the company a “neutral” rating in a report on Tuesday, November 11th. Raymond James Financial increased their price objective on Akamai Technologies from $84.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, November 10th. Finally, Weiss Ratings upgraded Akamai Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday. Six investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, Akamai Technologies has a consensus rating of “Hold” and an average target price of $93.63.

Akamai Technologies Price Performance

Shares of NASDAQ:AKAM opened at $87.17 on Friday. 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 business has a fifty day simple moving average of $77.01 and a 200 day simple moving average of $77.59. The firm has a market cap of $12.54 billion, a price-to-earnings ratio of 30.91, a P/E/G ratio of 3.49 and a beta of 0.72.

Akamai Technologies (NASDAQ:AKAM) last issued its earnings results on Thursday, November 6th. The technology infrastructure company reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.22. Akamai Technologies had a return on equity of 14.26% and a net margin of 10.40%.The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the previous year, the company posted $1.59 earnings per share. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. Akamai Technologies has set its FY 2025 guidance at 6.930-7.130 EPS. Q4 2025 guidance at 1.650-1.850 EPS. As a group, sell-side analysts predict that Akamai Technologies, Inc. will post 4.6 earnings per share 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.