WASHINGTON TRUST Co Lowers Stock Position in Akamai Technologies, Inc. $AKAM

WASHINGTON TRUST Co cut its holdings in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 38.2% during the second quarter, Holdings Channel.com reports. The firm owned 4,628 shares of the technology infrastructure company’s stock after selling 2,858 shares during the period. WASHINGTON TRUST Co’s holdings in Akamai Technologies were worth $369,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC lifted its holdings in Akamai Technologies by 101.4% during the fourth quarter. Brighton Jones LLC now owns 4,016 shares of the technology infrastructure company’s stock worth $384,000 after buying an additional 2,022 shares during the period. Ballentine Partners LLC boosted its position in Akamai Technologies by 17.3% during the first quarter. Ballentine Partners LLC now owns 3,422 shares of the technology infrastructure company’s stock valued at $275,000 after purchasing an additional 505 shares in the last quarter. Apollon Wealth Management LLC purchased a new position in Akamai Technologies in the first quarter valued at about $203,000. Whittier Trust Co. raised its holdings in Akamai Technologies by 34.3% in the first quarter. Whittier Trust Co. now owns 1,026 shares of the technology infrastructure company’s stock worth $83,000 after purchasing an additional 262 shares in the last quarter. Finally, Larson Financial Group LLC lifted its position in shares of Akamai Technologies by 210.6% during the first quarter. Larson Financial Group LLC now owns 941 shares of the technology infrastructure company’s stock valued at $76,000 after buying an additional 638 shares during the last quarter. Institutional investors own 94.28% of the company’s stock.

Wall Street Analyst Weigh In

AKAM has been the subject of several recent analyst reports. Raymond James Financial boosted their price objective on shares of Akamai Technologies from $84.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday. HSBC upped their price target on Akamai Technologies from $130.00 to $134.00 in a research report on Monday. Bank of America dropped their target price on Akamai Technologies from $100.00 to $80.00 and set a “neutral” rating on the stock in a research note on Monday, October 20th. Wall Street Zen raised Akamai Technologies from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Finally, TD Cowen upped their price objective on shares of Akamai Technologies from $98.00 to $104.00 and gave the company a “hold” rating in a report on Thursday. Six investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $93.63.

Akamai Technologies Stock Performance

Shares of AKAM stock opened at $88.67 on Friday. Akamai Technologies, Inc. has a 52-week low of $67.51 and a 52-week high of $103.75. 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 stock has a market cap of $12.76 billion, a PE ratio of 31.44, a price-to-earnings-growth ratio of 3.49 and a beta of 0.72. The business has a 50-day simple moving average of $76.84 and a 200-day simple moving average of $77.56.

Akamai Technologies (NASDAQ:AKAM) last posted its earnings results on Thursday, November 6th. The technology infrastructure company reported $1.86 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 firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the company earned $1.59 earnings per share. Akamai Technologies’s revenue for the quarter 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. On average, equities analysts expect that Akamai Technologies, Inc. will post 4.6 EPS for the current year.

Insider Activity at Akamai Technologies

In other Akamai Technologies news, CTO Robert Blumofe sold 3,500 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $86.00, for a total value of $301,000.00. Following the completion of the transaction, the chief technology officer owned 24,410 shares in the company, valued at approximately $2,099,260. This represents a 12.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Aaron Ahola sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The shares were 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. This trade represents a 15.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 15,500 shares of company stock worth $1,218,290 in the last three months. Company insiders own 2.00% of the company’s stock.

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.