Lmcg Investments LLC Raises Stake in Akamai Technologies, Inc. $AKAM

Lmcg Investments LLC increased its position in Akamai Technologies, Inc. (NASDAQ:AKAM) by 12.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 107,106 shares of the technology infrastructure company’s stock after buying an additional 12,035 shares during the period. Lmcg Investments LLC owned about 0.07% of Akamai Technologies worth $8,114,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of AKAM. Wolff Wiese Magana LLC lifted its stake in shares of Akamai Technologies by 497.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 400 shares of the technology infrastructure company’s stock worth $30,000 after purchasing an additional 333 shares during the period. True Wealth Design LLC increased its stake in Akamai Technologies by 1,469.2% in the third quarter. True Wealth Design LLC now owns 408 shares of the technology infrastructure company’s stock valued at $31,000 after purchasing an additional 382 shares during the last quarter. UMB Bank n.a. lifted its position in Akamai Technologies by 50.8% during the second quarter. UMB Bank n.a. now owns 395 shares of the technology infrastructure company’s stock worth $32,000 after buying an additional 133 shares during the period. CYBER HORNET ETFs LLC acquired a new stake in Akamai Technologies in the 2nd quarter worth about $32,000. Finally, Quent Capital LLC purchased a new stake in Akamai Technologies in the 3rd quarter valued at about $34,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on AKAM. Citigroup raised their target price on shares of Akamai Technologies from $88.00 to $103.00 and gave the stock a “neutral” rating in a research report on Friday. DA Davidson reissued a “buy” rating and set a $115.00 price objective on shares of Akamai Technologies in a research note on Thursday, October 16th. Raymond James Financial lifted their target price on Akamai Technologies from $84.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, November 10th. Royal Bank Of Canada upped their price target on Akamai Technologies from $80.00 to $90.00 and gave the stock a “sector perform” rating in a research note on Monday, January 5th. Finally, Morgan Stanley upgraded Akamai Technologies from an “underweight” rating to an “overweight” rating and boosted their target price for the stock from $83.00 to $115.00 in a report on Monday, January 12th. Seven investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $96.11.

Akamai Technologies Trading Up 2.1%

NASDAQ AKAM opened at $93.49 on Friday. The stock has a market cap of $13.45 billion, a P/E ratio of 27.42, a PEG ratio of 3.38 and a beta of 0.68. The company’s fifty day simple moving average is $88.08 and its 200-day simple moving average is $80.55. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.87. Akamai Technologies, Inc. has a 52 week low of $67.51 and a 52 week high of $103.75.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings results 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. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.04 billion. Akamai Technologies had a net margin of 12.26% and a return on equity of 14.16%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.59 EPS. Akamai Technologies has set its FY 2025 guidance at 6.930-7.130 EPS and its Q4 2025 guidance at 1.650-1.850 EPS. Equities research analysts predict that Akamai Technologies, Inc. will post 4.6 EPS for the current fiscal year.

Insider Activity at Akamai Technologies

In related news, CTO Robert Blumofe sold 3,500 shares of the company’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $86.00, for a total value of $301,000.00. Following the sale, the chief technology officer directly owned 24,410 shares of the company’s stock, valued at $2,099,260. This represents a 12.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Adam Karon sold 3,320 shares of the firm’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $87.30, for a total transaction of $289,836.00. Following the transaction, the chief operating officer directly owned 7,785 shares of the company’s stock, valued at approximately $679,630.50. This represents a 29.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 28,818 shares of company stock worth $2,550,754 over the last ninety days. Company insiders own 2.00% of the company’s stock.

Akamai Technologies Profile

Akamai Technologies, Inc is a leading provider of content delivery network (CDN) services and cloud security solutions designed to optimize and safeguard digital experiences. Leveraging a globally distributed platform, the company accelerates web and mobile content delivery for enterprises, media companies, e-commerce platforms and government agencies. Its edge computing architecture brings processing power closer to end users, reducing latency and improving application performance across geographies.

The company’s core offerings include content acceleration, web and mobile performance optimization, media delivery, and a suite of cybersecurity solutions that protect against DDoS attacks, application-layer threats and bot-driven fraud.