Akamai Technologies, Inc. $AKAM Shares Purchased by Forza Wealth Management LLC

Forza Wealth Management LLC increased its position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 19.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,044 shares of the technology infrastructure company’s stock after purchasing an additional 1,128 shares during the period. Forza Wealth Management LLC’s holdings in Akamai Technologies were worth $562,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mather Group LLC. increased its position in Akamai Technologies by 97.4% during the first quarter. Mather Group LLC. now owns 1,224 shares of the technology infrastructure company’s stock worth $99,000 after purchasing an additional 604 shares during the last quarter. Amalgamated Bank increased its position in Akamai Technologies by 0.5% during the first quarter. Amalgamated Bank now owns 29,080 shares of the technology infrastructure company’s stock worth $2,341,000 after purchasing an additional 139 shares during the last quarter. Polianta Ltd acquired a new stake in Akamai Technologies during the second quarter worth about $1,236,000. MBB Public Markets I LLC acquired a new stake in Akamai Technologies during the first quarter worth about $311,000. Finally, Inspire Investing LLC acquired a new stake in Akamai Technologies during the first quarter worth about $313,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Akamai Technologies

In related news, CTO Robert Blumofe sold 3,000 shares of Akamai Technologies stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $77.00, for a total value of $231,000.00. Following the completion of the transaction, the chief technology officer owned 27,910 shares in the company, valued at approximately $2,149,070. The trade was a 9.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Aaron Ahola sold 4,000 shares of Akamai Technologies stock in a transaction that occurred on Wednesday, August 20th. The shares were 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 $1,606,945.36. This trade represents a 15.87% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,000 shares of company stock worth $1,305,990. Corporate insiders own 2.00% of the company’s stock.

Akamai Technologies Trading Down 0.6%

Shares of AKAM stock opened at $75.76 on Wednesday. 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 market capitalization of $10.86 billion, a P/E ratio of 26.87, a price-to-earnings-growth ratio of 3.66 and a beta of 0.77. The company has a 50 day moving average price of $76.59 and a 200 day moving average price of $77.63. Akamai Technologies, Inc. has a fifty-two week low of $67.51 and a fifty-two week high of $106.80.

Akamai Technologies (NASDAQ:AKAM) last announced its quarterly earnings data on Thursday, August 7th. The technology infrastructure company reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.18. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Akamai Technologies had a net margin of 10.40% and a return on equity of 14.26%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous 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. Equities research analysts predict that Akamai Technologies, Inc. will post 4.6 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on AKAM shares. Raymond James Financial dropped their price target on shares of Akamai Technologies from $110.00 to $84.00 and set an “outperform” rating for the company in a research report on Friday, August 8th. Morgan Stanley cut shares of Akamai Technologies from an “equal weight” rating to an “underweight” rating and set a $85.00 price target for the company. in a research report on Tuesday, August 5th. KeyCorp started coverage on shares of Akamai Technologies in a research report on Friday, June 6th. They set an “underweight” rating and a $63.00 price target for the company. The Goldman Sachs Group started coverage on shares of Akamai Technologies in a research report on Wednesday, August 13th. They set a “sell” rating and a $67.00 price target for the company. Finally, Zacks Research upgraded shares of Akamai Technologies to a “hold” rating in a research report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Akamai Technologies has a consensus rating of “Hold” and a consensus price target of $92.39.

About Akamai Technologies

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.