Y Intercept Hong Kong Ltd Raises Position in Akamai Technologies, Inc. $AKAM

Y Intercept Hong Kong Ltd increased its position in Akamai Technologies, Inc. (NASDAQ:AKAM) by 476.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 27,602 shares of the technology infrastructure company’s stock after purchasing an additional 22,810 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Akamai Technologies were worth $2,091,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AKAM. DLD Asset Management LP increased its stake in shares of Akamai Technologies by 60.0% in the 2nd quarter. DLD Asset Management LP now owns 20,000,000 shares of the technology infrastructure company’s stock worth $1,595,200,000 after acquiring an additional 7,500,000 shares in the last quarter. Norges Bank purchased a new stake in Akamai Technologies in the second quarter worth about $266,817,000. Nordea Investment Management AB increased its stake in shares of Akamai Technologies by 39.9% during the third quarter. Nordea Investment Management AB now owns 3,437,472 shares of the technology infrastructure company’s stock valued at $258,739,000 after purchasing an additional 980,966 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings 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 during the last quarter. Finally, Vontobel Holding Ltd. boosted its position 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 worth $117,349,000 after purchasing an additional 875,712 shares in the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Akamai Technologies Stock Performance

Shares of NASDAQ AKAM opened at $102.10 on Thursday. The firm’s 50-day moving average price is $89.43 and its 200-day moving average price is $81.52. Akamai Technologies, Inc. has a 52-week low of $67.51 and a 52-week high of $104.97. The company has a market cap of $14.69 billion, a PE ratio of 29.94, a PEG ratio of 3.74 and a beta of 0.68. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.87.

Akamai Technologies (NASDAQ:AKAM) last posted its earnings results on Thursday, November 6th. The technology infrastructure company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.22. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. Akamai Technologies had a net margin of 12.26% and a return on equity of 14.16%. The firm’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.59 EPS. Akamai Technologies has set its FY 2025 guidance at 6.930-7.130 EPS and its Q4 2025 guidance at 1.650-1.850 EPS. As a group, analysts anticipate that Akamai Technologies, Inc. will post 4.6 EPS for the current year.

Insider Activity

In other Akamai Technologies news, CFO Edward J. Mcgowan sold 6,560 shares of the stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $88.03, for a total value of $577,476.80. Following the transaction, the chief financial officer directly owned 16,442 shares in the company, valued at approximately $1,447,389.26. This trade represents a 28.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Robert Blumofe sold 3,500 shares of Akamai Technologies stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $97.00, for a total transaction of $339,500.00. Following the transaction, the chief technology officer owned 18,074 shares in the company, valued at $1,753,178. This represents a 16.22% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 32,318 shares of company stock worth $2,890,254. Company insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Piper Sandler raised their price objective on Akamai Technologies from $86.00 to $89.00 and gave the company a “neutral” rating in a research report on Monday, January 5th. HSBC raised their price target on Akamai Technologies from $130.00 to $134.00 in a report on Monday, November 10th. The Goldman Sachs Group increased their price objective on shares of Akamai Technologies from $67.00 to $69.00 and gave the company a “sell” rating in a research report on Friday, November 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Akamai Technologies in a research note on Monday, December 29th. Finally, Raymond James Financial increased their price target on shares of Akamai Technologies from $84.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, November 10th. Seven equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $96.11.

Akamai Technologies Profile

Akamai Technologies, Inc is a leading provider of content delivery network (CDN) services and cloud security solutions designed to optimize and safeguard digital experiences. Leveraging a globally distributed platform, the company accelerates web and mobile content delivery for enterprises, media companies, e-commerce platforms and government agencies. Its edge computing architecture brings processing power closer to end users, reducing latency and improving application performance across geographies.

The company’s core offerings include content acceleration, web and mobile performance optimization, media delivery, and a suite of cybersecurity solutions that protect against DDoS attacks, application-layer threats and bot-driven fraud.