Blue Trust Inc. Decreases Position in Akamai Technologies, Inc. $AKAM

Blue Trust Inc. trimmed its holdings in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 73.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,582 shares of the technology infrastructure company’s stock after selling 15,746 shares during the period. Blue Trust Inc.’s holdings in Akamai Technologies were worth $423,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. WPG Advisers LLC bought a new stake in shares of Akamai Technologies in the 1st quarter valued at about $27,000. UMB Bank n.a. increased its stake in Akamai Technologies by 50.8% in the 2nd quarter. UMB Bank n.a. now owns 395 shares of the technology infrastructure company’s stock worth $32,000 after purchasing an additional 133 shares during the period. CYBER HORNET ETFs LLC bought a new stake in Akamai Technologies in the second quarter valued at approximately $32,000. MUFG Securities EMEA plc purchased a new stake in shares of Akamai Technologies during the second quarter valued at approximately $35,000. Finally, Assetmark Inc. grew its holdings in shares of Akamai Technologies by 198.1% in the second quarter. Assetmark Inc. now owns 474 shares of the technology infrastructure company’s stock worth $38,000 after purchasing an additional 315 shares during the last quarter. 94.28% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Akamai Technologies news, CTO Robert Blumofe sold 3,500 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $86.00, for a total transaction of $301,000.00. Following the completion of the transaction, the chief technology officer owned 24,410 shares of the company’s stock, valued at approximately $2,099,260. This trade represents a 12.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Edward J. Mcgowan sold 6,560 shares of the business’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $88.03, for a total transaction of $577,476.80. Following the sale, the chief financial officer owned 16,442 shares in the company, valued at approximately $1,447,389.26. This trade represents a 28.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 20,498 shares of company stock worth $1,810,068. 2.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Oppenheimer began coverage on shares of Akamai Technologies in a report on Monday, November 17th. They set an “outperform” rating and a $100.00 price target for the company. Raymond James Financial increased their target price on shares of Akamai Technologies from $84.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, November 10th. TD Cowen raised their target price on Akamai Technologies from $98.00 to $104.00 and gave the stock a “hold” rating in a research note on Thursday, November 13th. DA Davidson reaffirmed a “buy” rating and set a $115.00 price target on shares of Akamai Technologies in a research report on Thursday, October 16th. Finally, Morgan Stanley dropped their price objective on Akamai Technologies from $85.00 to $83.00 and set an “underweight” rating for the company in a report on Friday, November 7th. Five analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, Akamai Technologies currently has a consensus rating of “Hold” and an average price target of $92.72.

Akamai Technologies Price Performance

AKAM stock opened at $88.24 on Tuesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.28 and a quick ratio of 2.28. Akamai Technologies, Inc. has a 1 year low of $67.51 and a 1 year high of $103.75. The firm has a 50-day moving average of $84.28 and a 200 day moving average of $79.63. The company has a market cap of $12.70 billion, a P/E ratio of 25.88, a PEG ratio of 3.25 and a beta of 0.68.

Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings data on Thursday, November 6th. The technology infrastructure company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.22. Akamai Technologies had a return on equity of 14.16% and a net margin of 12.26%.The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the previous year, the firm posted $1.59 EPS. The business’s revenue 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. On average, sell-side analysts forecast that Akamai Technologies, Inc. will post 4.6 EPS for the current year.

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.