ASR Vermogensbeheer N.V. Has $1.75 Million Holdings in Akamai Technologies, Inc. $AKAM

ASR Vermogensbeheer N.V. cut its position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 4.3% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 21,976 shares of the technology infrastructure company’s stock after selling 986 shares during the quarter. ASR Vermogensbeheer N.V.’s holdings in Akamai Technologies were worth $1,753,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of AKAM. Brighton Jones LLC increased its position in shares of Akamai Technologies by 101.4% during the fourth quarter. Brighton Jones LLC now owns 4,016 shares of the technology infrastructure company’s stock worth $384,000 after buying an additional 2,022 shares during the period. Park Avenue Securities LLC boosted its stake in Akamai Technologies by 8.7% during the first quarter. Park Avenue Securities LLC now owns 8,085 shares of the technology infrastructure company’s stock worth $651,000 after acquiring an additional 647 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in Akamai Technologies by 595.7% during the first quarter. Farther Finance Advisors LLC now owns 1,614 shares of the technology infrastructure company’s stock worth $130,000 after acquiring an additional 1,382 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in Akamai Technologies by 24.6% during the first quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 37,034 shares of the technology infrastructure company’s stock worth $2,980,000 after acquiring an additional 7,300 shares in the last quarter. Finally, Tobam boosted its stake in Akamai Technologies by 2.0% during the first quarter. Tobam now owns 36,987 shares of the technology infrastructure company’s stock worth $2,977,000 after acquiring an additional 735 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on AKAM. Raymond James Financial cut their target price on shares of Akamai Technologies from $110.00 to $84.00 and set an “outperform” rating on the stock in a research note on Friday, August 8th. Wall Street Zen raised shares of Akamai Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Scotiabank cut their target price on shares of Akamai Technologies from $105.00 to $95.00 and set a “sector outperform” rating on the stock in a research note on Friday, August 8th. Piper Sandler cut their target price on shares of Akamai Technologies from $88.00 to $83.00 and set a “neutral” rating on the stock in a research note on Friday, August 8th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Akamai Technologies in a research note on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, Akamai Technologies currently has an average rating of “Hold” and an average price target of $92.39.

Insider Activity at Akamai Technologies

In related news, EVP Paul C. Joseph sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $76.65, for a total transaction 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. The trade was a 15.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Robert Blumofe sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $77.00, for a total transaction of $231,000.00. Following the transaction, the chief technology officer directly owned 27,910 shares of the company’s stock, valued at approximately $2,149,070. This represents a 9.71% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,000 shares of company stock valued at $1,305,990. Corporate insiders own 2.00% of the company’s stock.

Akamai Technologies Price Performance

AKAM opened at $77.56 on Friday. The company has a market capitalization of $11.12 billion, a price-to-earnings ratio of 27.50, a PEG ratio of 3.73 and a beta of 0.75. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.92. The firm has a 50-day moving average price of $76.38 and a 200-day moving average price of $77.52. Akamai Technologies, Inc. has a twelve month low of $67.51 and a twelve month high of $106.80.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings data on Thursday, August 7th. The technology infrastructure company reported $1.73 EPS for the quarter, beating the consensus estimate of $1.55 by $0.18. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Akamai Technologies had a net margin of 10.40% and a return on equity of 14.26%. Akamai Technologies’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous 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 expect that Akamai Technologies, Inc. will post 4.6 EPS 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.