Profund Advisors LLC Sells 3,256 Shares of Akamai Technologies, Inc. $AKAM

Profund Advisors LLC cut its stake in Akamai Technologies, Inc. (NASDAQ:AKAM) by 28.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,993 shares of the technology infrastructure company’s stock after selling 3,256 shares during the quarter. Profund Advisors LLC’s holdings in Akamai Technologies were worth $638,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Paralel Advisors LLC boosted its holdings in Akamai Technologies by 43.8% during the 2nd quarter. Paralel Advisors LLC now owns 33,188 shares of the technology infrastructure company’s stock worth $2,647,000 after acquiring an additional 10,110 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Akamai Technologies by 1,663.2% during the second 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 purchasing an additional 968,919 shares in the last quarter. Polianta Ltd bought a new position in shares of Akamai Technologies during the second quarter valued at about $1,236,000. MBB Public Markets I LLC purchased a new position in Akamai Technologies during the first quarter worth about $311,000. Finally, AGF Management Ltd. grew its position in Akamai Technologies by 12.4% in the 2nd quarter. AGF Management Ltd. now owns 38,950 shares of the technology infrastructure company’s stock worth $3,107,000 after purchasing an additional 4,304 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Akamai Technologies Trading Down 0.6%

Shares of AKAM stock opened at $90.10 on Thursday. The stock has a market capitalization of $12.96 billion, a price-to-earnings ratio of 31.95, a PEG ratio of 3.49 and a beta of 0.72. The company’s fifty day simple moving average is $76.61 and its two-hundred day simple moving average is $77.49. Akamai Technologies, Inc. has a 1 year low of $67.51 and a 1 year high of $103.75. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.31 and a quick ratio of 2.31.

Akamai Technologies (NASDAQ:AKAM) last announced its quarterly earnings results on Thursday, November 6th. The technology infrastructure company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.22. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Akamai Technologies had a return on equity of 14.26% and a net margin of 10.40%.The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.59 earnings per share. 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, analysts anticipate that Akamai Technologies, Inc. will post 4.6 earnings per share for the current year.

Insider Activity

In related 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 transaction of $301,000.00. Following the completion of the transaction, the chief technology officer owned 24,410 shares of the company’s stock, valued at approximately $2,099,260. The trade was a 12.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Aaron Ahola sold 4,000 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president directly owned 21,211 shares in the company, valued at $1,606,945.36. This trade represents a 15.87% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 15,500 shares of company stock worth $1,218,290 over the last ninety days. Company insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

AKAM has been the topic of a number of research analyst reports. Piper Sandler boosted their target price on Akamai Technologies from $83.00 to $86.00 and gave the stock a “neutral” rating in a research note on Friday, November 7th. Morgan Stanley dropped their price target on Akamai Technologies from $85.00 to $83.00 and set an “underweight” rating on the stock in a report on Friday, November 7th. DA Davidson reissued a “buy” rating and issued a $115.00 price objective on shares of Akamai Technologies in a research report on Thursday, October 16th. Scotiabank decreased their target price on Akamai Technologies from $95.00 to $94.00 and set a “hold” rating for the company in a research report on Friday, November 7th. Finally, Weiss Ratings cut Akamai Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, November 7th. Six investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, Akamai Technologies has a consensus rating of “Hold” and an average target price of $93.32.

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.