Forum Financial Management LP Makes New Investment in Akamai Technologies, Inc. $AKAM

Forum Financial Management LP acquired a new position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 4,206 shares of the technology infrastructure company’s stock, valued at approximately $335,000.

A number of other hedge funds also recently added to or reduced their stakes in AKAM. Alyeska Investment Group L.P. lifted its position in Akamai Technologies by 1,001.4% during the 1st 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 during the period. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Akamai Technologies by 1,663.2% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,027,175 shares of the technology infrastructure company’s stock valued at $81,927,000 after buying an additional 968,919 shares during the period. Vontobel Holding Ltd. lifted its holdings in shares of Akamai Technologies by 147.0% in the 2nd quarter. Vontobel Holding Ltd. now owns 1,471,281 shares of the technology infrastructure company’s stock valued at $117,349,000 after buying an additional 875,712 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Akamai Technologies in the 2nd quarter valued at approximately $56,821,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Akamai Technologies by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 18,673,358 shares of the technology infrastructure company’s stock valued at $1,503,205,000 after buying an additional 425,461 shares during the period. 94.28% of the stock is owned by institutional investors and hedge funds.

Akamai Technologies Stock Performance

Akamai Technologies stock opened at $75.05 on Monday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 2.31 and a current ratio of 2.31. The stock has a fifty day moving average of $76.36 and a two-hundred day moving average of $77.18. The company has a market capitalization of $10.76 billion, a price-to-earnings ratio of 26.61, a PEG ratio of 3.59 and a beta of 0.75. Akamai Technologies, Inc. has a fifty-two week low of $67.51 and a fifty-two week high of $105.26.

Akamai Technologies (NASDAQ:AKAM) last released 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. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.02 billion. Akamai Technologies had a return on equity of 14.26% and a net margin of 10.40%.Akamai Technologies’s revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.58 earnings per share. 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 anticipate that Akamai Technologies, Inc. will post 4.6 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. The Goldman Sachs Group assumed coverage on Akamai Technologies in a report on Wednesday, August 13th. They issued a “sell” rating and a $67.00 price target for the company. Raymond James Financial reduced their price target on Akamai Technologies from $110.00 to $84.00 and set an “outperform” rating for the company in a report on Friday, August 8th. Zacks Research raised Akamai Technologies to a “hold” rating in a report on Monday, August 11th. Morgan Stanley cut Akamai Technologies from an “equal weight” rating to an “underweight” rating and set a $85.00 price target for the company. in a report on Tuesday, August 5th. Finally, Bank of America dropped their price objective on Akamai Technologies from $100.00 to $80.00 and set a “neutral” rating for the company in a research note on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, Akamai Technologies has a consensus rating of “Hold” and a consensus target price of $92.53.

Insiders Place Their Bets

In other Akamai Technologies news, EVP Aaron Ahola sold 4,000 shares of the firm’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $75.76, for a total transaction of $303,040.00. Following the completion of the transaction, the executive vice president owned 21,211 shares of the company’s stock, valued at approximately $1,606,945.36. This trade represents a 15.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CTO Robert Blumofe sold 3,000 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $77.00, for a total value of $231,000.00. Following the transaction, the chief technology officer directly owned 27,910 shares of the company’s stock, valued at $2,149,070. The trade was a 9.71% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,000 shares of company stock valued at $917,290. Corporate insiders own 2.00% of the company’s stock.

Akamai Technologies 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.