Akamai Technologies, Inc. $AKAM Shares Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lifted its stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 1,663.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,027,175 shares of the technology infrastructure company’s stock after acquiring an additional 968,919 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Akamai Technologies were worth $81,927,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in AKAM. Mather Group LLC. increased its stake 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 during the last quarter. Amalgamated Bank increased its stake 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 during the last quarter. Polianta Ltd acquired a new position in Akamai Technologies in the second quarter valued at $1,236,000. MBB Public Markets I LLC acquired a new position in Akamai Technologies in the first quarter valued at $311,000. Finally, Inspire Investing LLC acquired a new position in Akamai Technologies in the first quarter valued at $313,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on AKAM shares. Zacks Research upgraded Akamai Technologies to a “hold” rating in a research note on Monday, August 11th. Raymond James Financial dropped their target price on Akamai Technologies from $110.00 to $84.00 and set an “outperform” rating for the company in a research note 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. Piper Sandler dropped their price target on Akamai Technologies from $88.00 to $83.00 and set a “neutral” rating for the company in a research note on Friday, August 8th. Finally, Scotiabank dropped their price target on Akamai Technologies from $105.00 to $95.00 and set a “sector outperform” rating for the company in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, Akamai Technologies presently has a consensus rating of “Hold” and a consensus price target of $92.39.

Insiders Place Their Bets

In other Akamai Technologies news, CTO Robert Blumofe sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $77.00, for a total value of $231,000.00. Following the completion of the transaction, the chief technology officer owned 27,910 shares in the company, valued at $2,149,070. This represents a 9.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Paul C. Joseph sold 5,000 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president owned 27,349 shares of the company’s stock, valued at approximately $2,096,300.85. This represents a 15.46% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,000 shares of company stock worth $1,305,990 in the last 90 days. 2.00% of the stock is owned by company insiders.

Akamai Technologies Stock Performance

Shares of NASDAQ:AKAM opened at $78.01 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.31 and a quick ratio of 2.31. Akamai Technologies, Inc. has a 12 month low of $67.51 and a 12 month high of $106.80. The firm has a market capitalization of $11.19 billion, a PE ratio of 27.66, a P/E/G ratio of 3.65 and a beta of 0.75. The business has a 50-day moving average of $76.44 and a two-hundred day moving average of $77.58.

Akamai Technologies (NASDAQ:AKAM) last released 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. The firm had revenue of $1.04 billion for 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%.Akamai Technologies’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the previous year, the company posted $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. As a group, research analysts forecast that Akamai Technologies, Inc. will post 4.6 earnings per share for the current year.

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.