Akamai Technologies: Latest Stock Updates

Yousif Capital Management LLC has increased its holdings in Akamai Technologies by 3.3% in the 4th quarter. Other hedge funds and institutional investors also bought and sold shares of the company. Akamai Technologies, Inc. provides cloud services for delivering, optimizing, and securing content and business applications over the Internet. The company’s products include security, web performance, media delivery, and network operator. Its revenue was $927.78 million in the quarter ended February 14, 2017. Akamai Technologies is a publicly traded company on NASDAQ under the ticker symbol “AKAM.” The average rating of Akamai Technologies is “Hold,” and its average price target is $100.63. The company has a market capitalization of $11.73 billion and a PE ratio of 25.27. Insiders bought 7,712 shares of company stock worth $626,035 and sold 35,740 shares worth $2,825,750 over the last 90 days.

Yousif Capital Management LLC Increases Holding in Akamai Technologies, Inc.

Akamai Technologies logo

Yousif Capital Management LLC has reported a 3.3% increase in its holdings in Akamai Technologies, Inc. (NASDAQ:AKAM) during the fourth quarter, according to a recent 13F filing. This comes as other institutional investors have also been buying and selling shares in the company.

One such institutional investor is Bain Capital Public Equity Management II LLC, which increased its holdings by 230.1% in the third quarter. The company now owns 782,504 shares of Akamai Technologies, Inc., valued at $62,851,000, after acquiring an additional 545,464 shares in the last quarter.

Caisse DE Depot ET Placement DU Quebec is another institutional investor that increased its holdings in Akamai Technologies, Inc. by 4,398.1% in the first quarter. The company now owns 432,039 shares of Akamai Technologies, Inc., valued at $51,581,000, after acquiring an additional 422,434 shares in the last quarter.

Champlain Investment Partners LLC also increased its holdings in Akamai Technologies, Inc. by 24.1% in the second quarter. The company now owns 2,106,855 shares of Akamai Technologies, Inc., valued at $192,419,000, after acquiring an additional 408,535 shares in the last quarter.

Other institutional investors that have recently bought stakes in Akamai Technologies, Inc. include Teachers Retirement System of The State of Kentucky and Great West Life Assurance Co. Can. Together, these institutional investors now own 90.41% of the company’s stock.

Analysts Weigh in on Akamai Technologies

Institutional Ownership by Quarter for Akamai Technologies (NASDAQ:AKAM)

Akamai Technologies, Inc. (NASDAQ: AKAM) has recently received several analyst ratings. Tigress Financial reduced their price target on the stock from $168.00 to $132.00 in a report on December 7th, 2022. On March 16th, 2023, StockNews.com assumed coverage on Akamai Technologies, Inc. and gave it a “buy” rating. Royal Bank of Canada also gave their input, lowering the company’s rating from “outperform” to “sector perform” and reducing their price objective from $100.00 to $85.00 in a research report on February 15th, 2023. In addition, Cowen lowered their price objective on Akamai Technologies, Inc. from $137.00 to $105.00 and rated it as an “outperform” in their research report on the same day. Finally, Guggenheim assumed coverage on the company on January 23rd, 2023, giving it a “sell” rating and a $75.00 price objective. In total, the stock has an average rating of “Hold” and an average price target of $100.63.

Akamai Technologies Trading Up 1.2%

Shares of Akamai Technologies, Inc. opened at $75.05 on Friday. The company has a debt-to-equity ratio of 0.52 and a current ratio of 2.41. Its 1-year low is $70.65 and its 1-year high is $123.25. The stock has a fifty-day moving average of $80.92 and a two-hundred-day moving average of $84.74. Akamai Technologies has a market capitalization of $11.73 billion, a PE ratio of 25.27, a price-to-earnings-growth ratio of 1.76, and a beta of 0.78.

Earnings Report

On February 14th, 2023, Akamai Technologies announced its quarterly earnings report. The company reported earnings per share (EPS) of $1.37 for the quarter, beating the consensus estimate of $1.26 by $0.11. The company’s revenue for the quarter was $927.78 million, compared to the analyst estimates of $904.80 million. The company had a return on equity of 15.12% and a net margin of 13.15%. The revenue was up by 2.5% on a year-over-year basis. In the same quarter of the prior year, the company reported earnings per share of $1.26. As per the research analysts’ expectations, Akamai Technologies is expected to post EPS of 4.26 for the current year.

Insider Activity

There is no information provided about insider activity for Akamai Technologies in the original text.

Akamai Technologies CEO and EVP Insider Trading

Akamai Technologies, Inc. (NASDAQ: AKAM) CEO, F Thomson Leighton, acquired 282 shares of the company’s stock on Tuesday, January 17th, at an average price of $88.86 per share, for a total of $25,058.52. Following the purchase, the CEO now owns 6,979 shares, valued at approximately $620,153.94. Similarly, on Tuesday, January 31st, EVP Paul C. Joseph sold 1,500 shares of Akamai Technologies at an average price of $87.47, for a total transaction value of $131,205.00. After the sale, Joseph now directly owns 25,306 shares of the company’s stock, worth $2,213,515.82.

Over the past 90 days, insiders bought 7,712 shares of the company’s stock, worth $626,035, and sold 35,740 shares, worth $2,825,750. Insiders own 1.70% of the company’s stock. The acquisition and sale were disclosed in legal filings with the SEC that can be accessed through this link and the SEC website, respectively.

Akamai Technologies Profile

Akamai Technologies, Inc. is a company that provides cloud services to deliver, optimize, and secure content and business applications over the internet. Its products include security, web performance, media delivery, and network operator. The company was founded by Frank T. Leighton, Jonathan Seelig, Randall S.