J. Safra Sarasin Holding AG Cuts Position in Akamai Technologies, Inc. $AKAM

J. Safra Sarasin Holding AG trimmed its position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 73.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,751 shares of the technology infrastructure company’s stock after selling 10,359 shares during the period. J. Safra Sarasin Holding AG’s holdings in Akamai Technologies were worth $299,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mather Group LLC. boosted its holdings in Akamai Technologies by 97.4% in the first quarter. Mather Group LLC. now owns 1,224 shares of the technology infrastructure company’s stock valued at $99,000 after purchasing an additional 604 shares in the last quarter. Amalgamated Bank boosted its holdings in Akamai Technologies by 0.5% in the first quarter. Amalgamated Bank now owns 29,080 shares of the technology infrastructure company’s stock valued at $2,341,000 after purchasing an additional 139 shares in the last quarter. Polianta Ltd acquired a new position in Akamai Technologies in the second quarter valued at approximately $1,236,000. MBB Public Markets I LLC acquired a new position in Akamai Technologies in the first quarter valued at approximately $311,000. Finally, Inspire Investing LLC acquired a new position in Akamai Technologies in the first quarter valued at approximately $313,000. 94.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AKAM has been the subject of a number of research analyst reports. Wall Street Zen raised Akamai Technologies from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Raymond James Financial lowered their price target on Akamai Technologies from $110.00 to $84.00 and set an “outperform” rating for the company in a report on Friday, August 8th. Piper Sandler lowered their target price on shares of Akamai Technologies from $88.00 to $83.00 and set a “neutral” rating on the stock in a research report on Friday, August 8th. Zacks Research upgraded shares of Akamai Technologies to a “hold” rating in a research report on Monday, August 11th. Finally, Scotiabank lowered their target price on shares of Akamai Technologies from $105.00 to $95.00 and set a “sector outperform” rating on the stock in a research report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $92.39.

Akamai Technologies Price Performance

Shares of NASDAQ AKAM opened at $77.56 on Friday. The firm has a market capitalization of $11.12 billion, a P/E ratio of 27.50, a PEG ratio of 3.73 and a beta of 0.75. Akamai Technologies, Inc. has a one year low of $67.51 and a one year high of $106.80. The company’s fifty day moving average is $76.38 and its two-hundred day moving average is $77.52. The company has a debt-to-equity ratio of 0.92, a quick ratio of 2.31 and a current ratio of 2.31.

Akamai Technologies (NASDAQ:AKAM) last issued its earnings results on Thursday, August 7th. The technology infrastructure company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.55 by $0.18. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. Akamai Technologies had a net margin of 10.40% and a return on equity of 14.26%. The business’s revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.58 EPS. Akamai Technologies has set its FY 2025 guidance at 6.600-6.800 EPS. Q3 2025 guidance at 1.620-1.660 EPS. Analysts forecast that Akamai Technologies, Inc. will post 4.6 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Aaron Ahola sold 4,000 shares of Akamai Technologies stock in a transaction on Wednesday, August 20th. The stock was 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. The trade was a 15.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Paul C. Joseph sold 5,000 shares of Akamai Technologies 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 transaction, 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,000 shares of company stock worth $1,305,990. Corporate 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.