Sequoia Financial Advisors LLC Has $667,000 Holdings in Akamai Technologies, Inc. $AKAM

Sequoia Financial Advisors LLC raised its position in Akamai Technologies, Inc. (NASDAQ:AKAM) by 68.8% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 8,365 shares of the technology infrastructure company’s stock after acquiring an additional 3,409 shares during the period. Sequoia Financial Advisors LLC’s holdings in Akamai Technologies were worth $667,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in AKAM. Brighton Jones LLC grew its stake in Akamai Technologies by 101.4% in the fourth quarter. Brighton Jones LLC now owns 4,016 shares of the technology infrastructure company’s stock valued at $384,000 after acquiring an additional 2,022 shares during the period. Janney Montgomery Scott LLC grew its stake in Akamai Technologies by 23.4% in the first quarter. Janney Montgomery Scott LLC now owns 16,548 shares of the technology infrastructure company’s stock valued at $1,332,000 after acquiring an additional 3,134 shares during the period. QRG Capital Management Inc. lifted its holdings in shares of Akamai Technologies by 2.9% in the first quarter. QRG Capital Management Inc. now owns 7,302 shares of the technology infrastructure company’s stock valued at $588,000 after purchasing an additional 208 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Akamai Technologies by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 17,597 shares of the technology infrastructure company’s stock valued at $1,416,000 after purchasing an additional 470 shares in the last quarter. Finally, Praxis Investment Management Inc. bought a new position in shares of Akamai Technologies in the first quarter valued at approximately $723,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Akamai Technologies Stock Performance

Shares of Akamai Technologies stock opened at $72.86 on Monday. The business’s fifty day simple moving average is $76.20 and its 200 day simple moving average is $77.05. The firm has a market capitalization of $10.45 billion, a P/E ratio of 25.84, a price-to-earnings-growth ratio of 3.48 and a beta of 0.75. Akamai Technologies, Inc. has a 12 month low of $67.51 and a 12 month high of $106.80. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.92.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings results on Thursday, August 7th. The technology infrastructure company reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.18. The business 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 quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the company posted $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. As a group, analysts anticipate that Akamai Technologies, Inc. will post 4.6 EPS for the current year.

Insider Buying and Selling

In other Akamai Technologies news, EVP Paul C. Joseph sold 5,000 shares of the firm’s stock in a transaction 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 sale, the executive vice president directly owned 27,349 shares of the company’s stock, valued at $2,096,300.85. This trade represents a 15.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Aaron Ahola sold 4,000 shares of the firm’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $75.76, for a total value of $303,040.00. Following the completion of the sale, the executive vice president directly owned 21,211 shares of the company’s stock, valued at $1,606,945.36. This represents a 15.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,000 shares of company stock worth $917,290. 2.00% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on AKAM shares. The Goldman Sachs Group started coverage on Akamai Technologies in a report on Wednesday, August 13th. They issued a “sell” rating and a $67.00 target price on the stock. Weiss Ratings lowered Akamai Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, October 8th. Scotiabank dropped their target price on Akamai Technologies from $105.00 to $95.00 and set a “sector outperform” rating on the stock in a report on Friday, August 8th. Zacks Research upgraded Akamai Technologies to a “hold” rating in a report on Monday, August 11th. Finally, DA Davidson restated a “buy” rating and issued a $115.00 target price on shares of Akamai Technologies in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have assigned a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $93.58.

Akamai Technologies Company Profile

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.