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

ASR Vermogensbeheer N.V. lowered its stake in Akamai Technologies, Inc. (NASDAQ:AKAM) by 4.3% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 21,976 shares of the technology infrastructure company’s stock after selling 986 shares during the period. ASR Vermogensbeheer N.V.’s holdings in Akamai Technologies were worth $1,753,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Beverly Hills Private Wealth LLC grew its stake in Akamai Technologies by 4.7% in the 1st quarter. Beverly Hills Private Wealth LLC now owns 2,828 shares of the technology infrastructure company’s stock valued at $228,000 after buying an additional 126 shares during the last quarter. Opes Wealth Management LLC boosted its holdings in Akamai Technologies by 2.7% in the 1st quarter. Opes Wealth Management LLC now owns 4,872 shares of the technology infrastructure company’s stock valued at $392,000 after purchasing an additional 128 shares during the period. UMB Bank n.a. boosted its holdings 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 valued at $32,000 after purchasing an additional 133 shares during the period. Amalgamated Bank boosted its holdings in Akamai Technologies by 0.5% in the 1st 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 period. Finally, Horizon Investments LLC boosted its holdings in Akamai Technologies by 7.2% in the 1st quarter. Horizon Investments LLC now owns 2,220 shares of the technology infrastructure company’s stock valued at $179,000 after purchasing an additional 149 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.

Insider Buying and Selling at Akamai Technologies

In other Akamai Technologies news, EVP Aaron Ahola sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $75.76, for a total value of $303,040.00. Following the completion of the transaction, the executive vice president directly owned 21,211 shares in the company, valued at approximately $1,606,945.36. This represents a 15.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Paul C. Joseph sold 5,000 shares of the company’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. This trade represents a 15.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,000 shares of company stock worth $1,305,990. 2.00% of the stock is currently owned by company insiders.

Akamai Technologies Trading Down 0.6%

Shares of NASDAQ AKAM opened at $77.56 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 2.31 and a current ratio of 2.31. Akamai Technologies, Inc. has a 52-week low of $67.51 and a 52-week high of $106.80. The firm has a 50 day moving average price of $76.38 and a two-hundred day moving average price of $77.52. The stock has a market cap of $11.12 billion, a P/E ratio of 27.50, a price-to-earnings-growth ratio of 3.73 and a beta of 0.75.

Akamai Technologies (NASDAQ:AKAM) last announced its quarterly earnings results on Thursday, August 7th. The technology infrastructure company reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.18. Akamai Technologies had a net margin of 10.40% and a return on equity of 14.26%. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the prior year, the company posted $1.58 EPS. The company’s revenue was up 6.5% on a year-over-year basis. 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, equities analysts forecast that Akamai Technologies, Inc. will post 4.6 EPS for the current year.

Analyst Upgrades and Downgrades

AKAM has been the subject of a number of recent research reports. Scotiabank cut their price objective on shares of Akamai Technologies from $105.00 to $95.00 and set a “sector outperform” rating for the company in a report on Friday, August 8th. The Goldman Sachs Group initiated coverage on shares of Akamai Technologies in a report on Wednesday, August 13th. They issued a “sell” rating and a $67.00 price objective for the company. Wall Street Zen raised shares of Akamai Technologies from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Zacks Research raised shares of Akamai Technologies to a “hold” rating in a report on Monday, August 11th. Finally, Piper Sandler cut their price objective on shares of Akamai Technologies from $88.00 to $83.00 and set a “neutral” rating for the company in a report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $92.39.

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.