Akamai Technologies, Inc. $AKAM Shares Bought by Vontobel Holding Ltd.

Vontobel Holding Ltd. increased its position in Akamai Technologies, Inc. (NASDAQ:AKAM) by 5.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,557,394 shares of the technology infrastructure company’s stock after acquiring an additional 86,113 shares during the period. Vontobel Holding Ltd.’s holdings in Akamai Technologies were worth $117,988,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. DLD Asset Management LP grew its position in 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 purchasing an additional 7,500,000 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Akamai Technologies by 4.9% during the second quarter. First Trust Advisors LP now owns 6,061,962 shares of the technology infrastructure company’s stock worth $483,502,000 after buying an additional 281,526 shares during the period. Norges Bank bought a new position in Akamai Technologies in the 2nd quarter worth approximately $266,817,000. Legal & General Group Plc increased its position in Akamai Technologies by 3.5% in the 2nd quarter. Legal & General Group Plc now owns 2,812,805 shares of the technology infrastructure company’s stock valued at $224,349,000 after acquiring an additional 94,012 shares during the period. Finally, Edmond DE Rothschild Holding S.A. increased its position in Akamai Technologies by 12.1% in the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 2,786,084 shares of the technology infrastructure company’s stock valued at $222,218,000 after acquiring an additional 301,423 shares during the period. 94.28% of the stock is currently owned by institutional investors.

Akamai Technologies Price Performance

Shares of Akamai Technologies stock opened at $89.23 on Wednesday. Akamai Technologies, Inc. has a 52 week low of $67.51 and a 52 week high of $103.75. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.87. The stock has a market cap of $12.84 billion, a PE ratio of 26.17, a price-to-earnings-growth ratio of 3.31 and a beta of 0.68. The company’s 50-day moving average price is $83.07 and its two-hundred day moving average price is $79.34.

Akamai Technologies (NASDAQ:AKAM) last announced its quarterly earnings data on Thursday, November 6th. The technology infrastructure company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.22. Akamai Technologies had a net margin of 12.26% and a return on equity of 14.16%. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the previous year, the company posted $1.59 EPS. The business’s 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 and its Q4 2025 guidance at 1.650-1.850 EPS. As a group, sell-side analysts anticipate that Akamai Technologies, Inc. will post 4.6 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on AKAM shares. TD Cowen boosted their price target on Akamai Technologies from $98.00 to $104.00 and gave the stock a “hold” rating in a research report on Thursday, November 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Akamai Technologies in a report on Monday. DA Davidson reiterated a “buy” rating and issued a $115.00 target price on shares of Akamai Technologies in a research report on Thursday, October 16th. Bank of America dropped their price target on shares of Akamai Technologies from $100.00 to $80.00 and set a “neutral” rating on the stock in a research report on Monday, October 20th. Finally, 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 note on Friday, November 7th. Five equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, Akamai Technologies presently has a consensus rating of “Hold” and an average price target of $92.72.

Insider Buying and Selling at Akamai Technologies

In other news, EVP Mani Sundaram sold 10,438 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $89.25, for a total transaction of $931,591.50. Following the completion of the sale, the executive vice president owned 13,550 shares in the company, valued at approximately $1,209,337.50. This represents a 43.51% decrease in their position. The sale 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 the firm’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $86.00, for a total value of $301,000.00. Following the sale, the chief technology officer directly owned 24,410 shares of the company’s stock, valued at approximately $2,099,260. This represents a 12.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 20,498 shares of company stock valued at $1,810,068. Corporate insiders own 2.00% of the company’s stock.

Akamai Technologies Company 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.