DekaBank Deutsche Girozentrale Sells 2,005 Shares of Akamai Technologies, Inc. $AKAM

DekaBank Deutsche Girozentrale lowered its stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 0.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 520,665 shares of the technology infrastructure company’s stock after selling 2,005 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Akamai Technologies were worth $41,568,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Akamai Technologies by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 18,673,358 shares of the technology infrastructure company’s stock worth $1,503,205,000 after acquiring an additional 425,461 shares during the last quarter. Edmond DE Rothschild Holding S.A. raised its holdings in Akamai Technologies by 6.9% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 2,484,661 shares of the technology infrastructure company’s stock worth $200,015,000 after purchasing an additional 160,665 shares during the period. Mackenzie Financial Corp boosted its position in shares of Akamai Technologies by 2.3% during the first quarter. Mackenzie Financial Corp now owns 2,483,991 shares of the technology infrastructure company’s stock worth $199,961,000 after purchasing an additional 56,411 shares in the last quarter. Alyeska Investment Group L.P. boosted its position in shares of Akamai Technologies by 1,001.4% during the first quarter. Alyeska Investment Group L.P. now owns 1,753,400 shares of the technology infrastructure company’s stock worth $141,149,000 after purchasing an additional 1,594,206 shares in the last quarter. Finally, Vontobel Holding Ltd. grew its stake in Akamai Technologies by 147.0% in the second quarter. Vontobel Holding Ltd. now owns 1,471,281 shares of the technology infrastructure company’s stock valued at $117,349,000 after acquiring an additional 875,712 shares during the period. 94.28% of the stock is owned by institutional investors.

Insider Activity

In related news, CTO Robert Blumofe sold 3,000 shares of Akamai Technologies stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $77.00, for a total value of $231,000.00. Following the sale, the chief technology officer owned 27,910 shares of the company’s stock, valued at approximately $2,149,070. The trade was a 9.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Aaron Ahola sold 4,000 shares of the company’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $75.76, for a total value of $303,040.00. Following the sale, the executive vice president owned 21,211 shares in the company, valued at $1,606,945.36. The trade was a 15.87% decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,000 shares of company stock worth $917,290 in the last quarter. Corporate insiders own 2.00% of the company’s stock.

Akamai Technologies Price Performance

NASDAQ AKAM opened at $76.13 on Wednesday. The firm’s 50 day moving average is $76.35 and its 200-day moving average is $77.05. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $10.92 billion, a PE ratio of 27.00, a price-to-earnings-growth ratio of 3.55 and a beta of 0.75. Akamai Technologies, Inc. has a 12-month low of $67.51 and a 12-month high of $105.98.

Akamai Technologies (NASDAQ:AKAM) last announced its earnings results on Thursday, August 7th. The technology infrastructure company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.55 by $0.18. Akamai Technologies had a net margin of 10.40% and a return on equity of 14.26%. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the prior year, the company posted $1.58 earnings per share. The firm’s 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. Equities research analysts anticipate that Akamai Technologies, Inc. will post 4.6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on AKAM shares. Raymond James Financial cut their price objective on Akamai Technologies from $110.00 to $84.00 and set an “outperform” rating on the stock in a report on Friday, August 8th. Morgan Stanley downgraded shares of Akamai Technologies from an “equal weight” rating to an “underweight” rating and set a $85.00 target price on the stock. in a report on Tuesday, August 5th. Piper Sandler reduced their price target on shares of Akamai Technologies from $88.00 to $83.00 and set a “neutral” rating for the company in a report on Friday, August 8th. Scotiabank lowered their price objective on shares of Akamai Technologies from $105.00 to $95.00 and set a “sector outperform” rating for the company in a research report on Friday, August 8th. Finally, Weiss Ratings cut shares of Akamai Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have issued a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, Akamai Technologies has a consensus rating of “Hold” and an average price target of $92.53.

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.