TD Asset Management Inc Reduces Stock Holdings in Akamai Technologies, Inc. $AKAM

TD Asset Management Inc decreased its stake in Akamai Technologies, Inc. (NASDAQ:AKAM) by 25.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 42,402 shares of the technology infrastructure company’s stock after selling 14,202 shares during the quarter. TD Asset Management Inc’s holdings in Akamai Technologies were worth $3,382,000 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 AKAM. Alyeska Investment Group L.P. boosted its holdings in shares of Akamai Technologies by 1,001.4% in the 1st quarter. Alyeska Investment Group L.P. now owns 1,753,400 shares of the technology infrastructure company’s stock worth $141,149,000 after purchasing an additional 1,594,206 shares during the period. Robeco Institutional Asset Management B.V. lifted its stake in shares of Akamai Technologies by 1,663.2% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,027,175 shares of the technology infrastructure company’s stock worth $81,927,000 after acquiring an additional 968,919 shares during the last quarter. Vontobel Holding Ltd. lifted its stake in shares of Akamai Technologies by 147.0% during the 2nd quarter. Vontobel Holding Ltd. now owns 1,471,281 shares of the technology infrastructure company’s stock worth $117,349,000 after acquiring an additional 875,712 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Akamai Technologies by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 18,673,358 shares of the technology infrastructure company’s stock worth $1,503,205,000 after acquiring an additional 425,461 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Akamai Technologies by 5,385.9% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 353,734 shares of the technology infrastructure company’s stock worth $28,476,000 after acquiring an additional 347,286 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Insider Transactions at Akamai Technologies

In other news, EVP Paul C. Joseph sold 5,000 shares of the business’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 transaction, the executive vice president directly 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Aaron Ahola sold 4,000 shares of the business’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 transaction, the executive vice president directly owned 21,211 shares of the company’s stock, valued at approximately $1,606,945.36. The trade was a 15.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 12,000 shares of company stock valued at $917,290. Corporate insiders own 2.00% of the company’s stock.

Akamai Technologies Trading Up 1.9%

AKAM opened at $74.25 on Tuesday. The firm has a market cap of $10.65 billion, a price-to-earnings ratio of 26.33, a PEG ratio of 3.48 and a beta of 0.75. 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, Inc. has a 12 month low of $67.51 and a 12 month high of $106.76. The stock has a fifty day moving average price of $76.27 and a 200-day moving average price of $77.06.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings results on Thursday, August 7th. The technology infrastructure company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.55 by $0.18. The firm had revenue of $1.04 billion during 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%.The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.58 EPS. 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 research analysts anticipate that Akamai Technologies, Inc. will post 4.6 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AKAM. Scotiabank decreased their price target on Akamai Technologies from $105.00 to $95.00 and set a “sector outperform” rating for the company in a research note on Friday, August 8th. DA Davidson reissued a “buy” rating and set a $115.00 price target on shares of Akamai Technologies in a research note on Thursday, October 16th. Wall Street Zen raised Akamai Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Morgan Stanley lowered Akamai Technologies from an “equal weight” rating to an “underweight” rating and set a $85.00 price target for the company. in a research note on Tuesday, August 5th. Finally, Weiss Ratings lowered Akamai Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have issued a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, Akamai Technologies currently has a consensus 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.