Akamai Technologies, Inc. $AKAM Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. trimmed its position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 3.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,530 shares of the technology infrastructure company’s stock after selling 300 shares during the period. Securian Asset Management Inc.’s holdings in Akamai Technologies were worth $601,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in AKAM. WPG Advisers LLC acquired a new stake in Akamai Technologies in the 1st quarter valued at $27,000. UMB Bank n.a. increased its holdings 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. LRI Investments LLC increased its holdings in Akamai Technologies by 766.1% in the 2nd quarter. LRI Investments LLC now owns 485 shares of the technology infrastructure company’s stock valued at $39,000 after purchasing an additional 429 shares in the last quarter. AlphaQuest LLC acquired a new stake in Akamai Technologies in the 1st quarter valued at $42,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Akamai Technologies in the 1st quarter valued at $49,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Akamai Technologies Stock Up 0.6%

Shares of Akamai Technologies stock opened at $75.05 on Friday. The business has a 50-day moving average of $76.36 and a 200-day moving average of $77.11. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.31 and a quick ratio of 2.31. The company has a market capitalization of $10.76 billion, a PE ratio of 26.61, a P/E/G ratio of 3.56 and a beta of 0.75. Akamai Technologies, Inc. has a 1-year low of $67.51 and a 1-year high of $105.26.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly 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. Akamai Technologies had a net margin of 10.40% and a return on equity of 14.26%. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter last year, the company posted $1.58 earnings per share. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. Akamai Technologies has set its FY 2025 guidance at 6.600-6.800 EPS. Q3 2025 guidance at 1.620-1.660 EPS. As a group, equities analysts forecast that Akamai Technologies, Inc. will post 4.6 EPS for the current fiscal year.

Insider Transactions at Akamai Technologies

In other news, EVP Paul C. Joseph sold 5,000 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $76.65, for a total transaction of $383,250.00. Following the transaction, the executive vice president owned 27,349 shares of the company’s stock, valued at approximately $2,096,300.85. This trade represents a 15.46% 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 the stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $75.76, for a total transaction of $303,040.00. Following the transaction, the executive vice president directly owned 21,211 shares in the company, valued at $1,606,945.36. The trade was a 15.87% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,000 shares of company stock valued at $917,290. Insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on AKAM shares. Scotiabank lowered their price target on Akamai Technologies from $105.00 to $95.00 and set a “sector outperform” rating for the company in a report on Friday, August 8th. 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. Wall Street Zen upgraded Akamai Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. The Goldman Sachs Group began coverage on Akamai Technologies in a research note on Wednesday, August 13th. They set a “sell” rating and a $67.00 target price for the company. Finally, DA Davidson restated a “buy” rating and set a $115.00 target price on shares of Akamai Technologies in a research note on Thursday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $92.53.

Akamai Technologies 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.