Savant Capital LLC Purchases Shares of 3,880 Akamai Technologies, Inc. $AKAM

Savant Capital LLC acquired a new position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) during the second quarter, Holdings Channel reports. The institutional investor acquired 3,880 shares of the technology infrastructure company’s stock, valued at approximately $309,000.

Several other hedge funds have also modified their holdings of AKAM. WPG Advisers LLC acquired a new position in Akamai Technologies during the 1st quarter worth $27,000. UMB Bank n.a. raised its position in Akamai Technologies by 50.8% in the 2nd quarter. UMB Bank n.a. now owns 395 shares of the technology infrastructure company’s stock valued at $32,000 after purchasing an additional 133 shares in the last quarter. Assetmark Inc. boosted its stake in shares of Akamai Technologies by 198.1% in the 2nd quarter. Assetmark Inc. now owns 474 shares of the technology infrastructure company’s stock valued at $38,000 after buying an additional 315 shares during the period. LRI Investments LLC grew its position in shares of Akamai Technologies by 766.1% during the second quarter. LRI Investments LLC now owns 485 shares of the technology infrastructure company’s stock worth $39,000 after buying an additional 429 shares in the last quarter. Finally, AlphaQuest LLC acquired a new position in shares of Akamai Technologies during the first quarter worth about $42,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Akamai Technologies news, CTO Robert Blumofe sold 3,500 shares of Akamai Technologies stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $86.00, for a total transaction of $301,000.00. Following the transaction, the chief technology officer owned 24,410 shares of the company’s stock, valued at $2,099,260. The trade was a 12.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Paul C. Joseph sold 5,000 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $76.65, for a total value of $383,250.00. Following the completion of the sale, the executive vice president directly owned 27,349 shares of the company’s stock, valued at $2,096,300.85. The trade was a 15.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 11,500 shares of company stock worth $915,250 in the last 90 days. 2.00% of the stock is currently owned by company insiders.

Akamai Technologies Price Performance

Shares of AKAM opened at $87.74 on Wednesday. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.31 and a quick ratio of 2.31. Akamai Technologies, Inc. has a 1-year low of $67.51 and a 1-year high of $103.75. The stock has a market cap of $12.62 billion, a PE ratio of 31.11, a price-to-earnings-growth ratio of 3.49 and a beta of 0.72. The firm has a fifty day moving average price of $77.38 and a 200 day moving average price of $77.65.

Akamai Technologies (NASDAQ:AKAM) last issued 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 return on equity of 14.26% and a net margin of 10.40%.The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the company posted $1.59 earnings per share. The business’s quarterly 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. 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 year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AKAM. President Capital lifted their price target on shares of Akamai Technologies from $104.00 to $116.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. DA Davidson reaffirmed a “buy” rating and set a $115.00 price objective on shares of Akamai Technologies in a research report on Thursday, October 16th. Morgan Stanley dropped their target price on Akamai Technologies from $85.00 to $83.00 and set an “underweight” rating on the stock in a report on Friday, November 7th. Zacks Research raised Akamai Technologies to a “hold” rating in a report on Monday, August 11th. Finally, Oppenheimer assumed coverage on Akamai Technologies in a research report on Monday. They set an “outperform” rating and a $100.00 price objective for the company. Six equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $93.63.

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.