Y Intercept Hong Kong Ltd Buys 22,810 Shares of Akamai Technologies, Inc. $AKAM

Y Intercept Hong Kong Ltd increased its stake in Akamai Technologies, Inc. (NASDAQ:AKAM) by 476.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,602 shares of the technology infrastructure company’s stock after purchasing an additional 22,810 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Akamai Technologies were worth $2,091,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of AKAM. Alberta Investment Management Corp bought a new position in Akamai Technologies in the 2nd quarter worth about $822,000. Rakuten Investment Management Inc. bought a new stake in shares of Akamai Technologies during the 3rd quarter valued at about $5,323,000. Norges Bank purchased a new position in shares of Akamai Technologies during the second quarter worth about $266,817,000. Nordea Investment Management AB increased its position in shares of Akamai Technologies by 39.9% in the third quarter. Nordea Investment Management AB now owns 3,437,472 shares of the technology infrastructure company’s stock worth $258,739,000 after purchasing an additional 980,966 shares during the last quarter. Finally, Intech Investment Management LLC increased its position in shares of Akamai Technologies by 82.6% in the second quarter. Intech Investment Management LLC now owns 64,731 shares of the technology infrastructure company’s stock worth $5,163,000 after purchasing an additional 29,281 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Insider Activity

In related news, COO Adam Karon sold 3,320 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief operating officer owned 7,785 shares in the company, valued at $679,630.50. This represents a 29.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Edward J. Mcgowan sold 6,560 shares of the firm’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $88.03, for a total value of $577,476.80. Following the completion of the sale, the chief financial officer directly owned 16,442 shares of the company’s stock, valued at $1,447,389.26. The trade was a 28.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 32,318 shares of company stock valued at $2,890,254. 2.00% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on AKAM shares. The Goldman Sachs Group lifted their price objective on shares of Akamai Technologies from $67.00 to $69.00 and gave the stock a “sell” rating in a report on Friday, November 7th. DA Davidson reiterated a “buy” rating and issued a $115.00 price objective on shares of Akamai Technologies in a report on Thursday, October 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Akamai Technologies in a report on Monday, December 29th. Scotiabank boosted their target price on Akamai Technologies from $94.00 to $105.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 9th. Finally, Royal Bank Of Canada lifted their price target on shares of Akamai Technologies from $80.00 to $90.00 and gave the stock a “sector perform” rating in a research note on Monday, January 5th. Seven investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $96.11.

Akamai Technologies Price Performance

Shares of Akamai Technologies stock opened at $102.10 on Thursday. The company’s fifty day simple moving average is $89.43 and its two-hundred day simple moving average is $81.52. Akamai Technologies, Inc. has a 12-month low of $67.51 and a 12-month high of $104.97. The firm has a market cap of $14.69 billion, a PE ratio of 29.94, a price-to-earnings-growth ratio of 3.74 and a beta of 0.68. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.87.

Akamai Technologies (NASDAQ:AKAM) last posted its earnings results on Thursday, November 6th. The technology infrastructure company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.22. Akamai Technologies had a net margin of 12.26% and a return on equity of 14.16%. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period in the prior year, the business posted $1.59 earnings per share. Akamai Technologies’s revenue for the quarter was up 5.0% on a year-over-year basis. 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. As a group, equities analysts expect that Akamai Technologies, Inc. will post 4.6 EPS for the current year.

Akamai Technologies Company 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.