Akamai Technologies, Inc. $AKAM Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA cut its stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 2.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 115,740 shares of the technology infrastructure company’s stock after selling 2,803 shares during the quarter. Leeward Investments LLC MA owned approximately 0.08% of Akamai Technologies worth $9,231,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in AKAM. Alyeska Investment Group L.P. grew its holdings in shares of Akamai Technologies by 1,001.4% during the first quarter. Alyeska Investment Group L.P. now owns 1,753,400 shares of the technology infrastructure company’s stock valued at $141,149,000 after purchasing an additional 1,594,206 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of Akamai Technologies by 1,663.2% during the second quarter. Robeco Institutional Asset Management B.V. now owns 1,027,175 shares of the technology infrastructure company’s stock valued at $81,927,000 after purchasing an additional 968,919 shares during the last quarter. Vontobel Holding Ltd. grew its holdings in shares of Akamai Technologies by 147.0% during the second quarter. Vontobel Holding Ltd. now owns 1,471,281 shares of the technology infrastructure company’s stock valued at $117,349,000 after purchasing an additional 875,712 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Akamai Technologies in the 2nd quarter worth approximately $56,821,000. Finally, Vanguard Group Inc. grew its holdings in Akamai Technologies by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 18,673,358 shares of the technology infrastructure company’s stock worth $1,503,205,000 after buying an additional 425,461 shares in the last quarter. 94.28% of the stock is owned by institutional investors.

Insider Activity

In other 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 completion of the sale, the executive vice president owned 27,349 shares in the company, valued at $2,096,300.85. This represents a 15.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Aaron Ahola sold 4,000 shares of the stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $75.76, for a total value of $303,040.00. Following the completion of the sale, 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 disclosure for this sale can be found here. Insiders sold 12,000 shares of company stock worth $917,290 over the last quarter. Corporate insiders own 2.00% of the company’s stock.

Akamai Technologies Price Performance

AKAM opened at $75.05 on Friday. The stock has a fifty day moving average of $76.36 and a 200-day moving average of $77.17. The firm has a market capitalization of $10.76 billion, a P/E ratio of 26.61, a PEG ratio of 3.59 and a beta of 0.75. Akamai Technologies, Inc. has a 12-month low of $67.51 and a 12-month high of $105.26. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.92.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Zacks Research raised Akamai Technologies to a “hold” rating in a report on Monday, August 11th. Morgan Stanley downgraded Akamai Technologies from an “equal weight” rating to an “underweight” rating and set a $85.00 target price for the company. in a research report on Tuesday, August 5th. Raymond James Financial cut their target price on Akamai Technologies from $110.00 to $84.00 and set an “outperform” rating for the company in a research report on Friday, August 8th. Wall Street Zen upgraded Akamai Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Finally, Piper Sandler cut their target price on Akamai Technologies from $88.00 to $83.00 and set a “neutral” rating for the company in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Akamai Technologies currently has a consensus rating of “Hold” and an average price target of $92.53.

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.