Leuthold Group LLC Decreases Stock Position in Akamai Technologies, Inc. $AKAM

Leuthold Group LLC cut its holdings in Akamai Technologies, Inc. (NASDAQ:AKAM) by 8.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,777 shares of the technology infrastructure company’s stock after selling 4,273 shares during the quarter. Leuthold Group LLC’s holdings in Akamai Technologies were worth $3,492,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. UMB Bank n.a. grew its holdings in Akamai Technologies by 50.8% during the 2nd quarter. UMB Bank n.a. now owns 395 shares of the technology infrastructure company’s stock valued at $32,000 after buying an additional 133 shares during the last quarter. Horizon Investments LLC boosted its stake in shares of Akamai Technologies by 7.2% during the first quarter. Horizon Investments LLC now owns 2,220 shares of the technology infrastructure company’s stock valued at $179,000 after acquiring an additional 149 shares during the last quarter. Mutual Advisors LLC increased its position in Akamai Technologies by 4.0% during the 2nd quarter. Mutual Advisors LLC now owns 4,609 shares of the technology infrastructure company’s stock worth $372,000 after purchasing an additional 177 shares in the last quarter. Main Management ETF Advisors LLC raised its stake in Akamai Technologies by 1.7% in the 2nd quarter. Main Management ETF Advisors LLC now owns 11,728 shares of the technology infrastructure company’s stock valued at $935,000 after purchasing an additional 192 shares during the last quarter. Finally, Meridian Wealth Management LLC boosted its stake in shares of Akamai Technologies by 3.2% during the 2nd quarter. Meridian Wealth Management LLC now owns 6,354 shares of the technology infrastructure company’s stock worth $507,000 after purchasing an additional 196 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Akamai Technologies Stock Up 0.1%

AKAM stock opened at $89.54 on Friday. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.92. The firm has a 50 day simple moving average of $79.29 and a 200-day simple moving average of $78.10. The company has a market capitalization of $12.88 billion, a P/E ratio of 31.75, a PEG ratio of 3.49 and a beta of 0.72. Akamai Technologies, Inc. has a twelve month low of $67.51 and a twelve month high of $103.75.

Akamai Technologies (NASDAQ:AKAM) last issued its earnings results on Thursday, November 6th. The technology infrastructure company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.22. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. Akamai Technologies had a net margin of 10.40% and a return on equity of 14.26%. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.59 EPS. Akamai Technologies has set its FY 2025 guidance at 6.930-7.130 EPS. Q4 2025 guidance at 1.650-1.850 EPS. On average, equities research analysts predict that Akamai Technologies, Inc. will post 4.6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AKAM. TD Cowen increased their target price on Akamai Technologies from $98.00 to $104.00 and gave the stock a “hold” rating in a research report on Thursday, November 13th. Oppenheimer began coverage on shares of Akamai Technologies in a research note on Monday, November 17th. They set an “outperform” rating and a $100.00 price objective for the company. Bank of America decreased their target price 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. The Goldman Sachs Group boosted their target price on shares of Akamai Technologies from $67.00 to $69.00 and gave the company a “sell” rating in a report on Friday, November 7th. Finally, DA Davidson reaffirmed a “buy” rating and set a $115.00 price target on shares of Akamai Technologies in a research note on Thursday, October 16th. Six analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $93.63.

Insider Buying and Selling

In other Akamai Technologies news, EVP Paul C. Joseph sold 5,000 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $76.65, for a total value of $383,250.00. Following the sale, the executive vice president directly owned 27,349 shares of the company’s stock, valued at $2,096,300.85. This trade represents a 15.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CTO Robert Blumofe sold 3,500 shares of the stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $86.00, for a total transaction of $301,000.00. Following the completion of the sale, the chief technology officer directly owned 24,410 shares in the company, valued at approximately $2,099,260. This trade represents a 12.54% decrease in their position. The SEC filing for this sale provides additional information. 2.00% of the stock is currently owned by corporate insiders.

Akamai Technologies Company 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.