Beverly Hills Private Wealth LLC Has $209,000 Holdings in Akamai Technologies, Inc. $AKAM

Beverly Hills Private Wealth LLC lessened its stake in Akamai Technologies, Inc. (NASDAQ:AKAM) by 7.3% in the second quarter, Holdings Channel reports. The firm owned 2,621 shares of the technology infrastructure company’s stock after selling 207 shares during the quarter. Beverly Hills Private Wealth LLC’s holdings in Akamai Technologies were worth $209,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of AKAM. WPG Advisers LLC acquired a new position in Akamai Technologies in the first quarter valued at about $27,000. UMB Bank n.a. raised its stake in Akamai Technologies by 50.8% in the second 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 in the last quarter. LRI Investments LLC raised its stake in Akamai Technologies by 766.1% in the second quarter. LRI Investments LLC now owns 485 shares of the technology infrastructure company’s stock valued at $39,000 after purchasing an additional 429 shares in the last quarter. AlphaQuest LLC acquired a new position in Akamai Technologies in the first quarter valued at about $42,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in Akamai Technologies in the first quarter valued at about $49,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Wall Street Zen raised Akamai Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Weiss Ratings downgraded Akamai Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 8th. Piper Sandler lowered their target price on Akamai Technologies from $88.00 to $83.00 and set a “neutral” rating for the company in a research note on Friday, August 8th. Bank of America lowered their target price on Akamai Technologies from $100.00 to $80.00 and set a “neutral” rating for the company in a research note on Monday. Finally, Raymond James Financial lowered their target price on Akamai Technologies from $110.00 to $84.00 and set an “outperform” rating for the company in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have given a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, Akamai Technologies presently has a consensus rating of “Hold” and an average price target of $92.53.

Akamai Technologies Stock Performance

NASDAQ:AKAM opened at $76.13 on Wednesday. The stock has a market cap of $10.92 billion, a P/E ratio of 27.00, a price-to-earnings-growth ratio of 3.55 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. The stock’s 50-day moving average is $76.35 and its 200-day moving average is $77.05. Akamai Technologies, Inc. has a 1-year low of $67.51 and a 1-year high of $105.98.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings results on Thursday, August 7th. The technology infrastructure company reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.18. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Akamai Technologies had a return on equity of 14.26% and a net margin of 10.40%.The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the business 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. Equities research analysts anticipate that Akamai Technologies, Inc. will post 4.6 earnings per share for the current year.

Insider Transactions at Akamai Technologies

In other news, EVP Aaron Ahola sold 4,000 shares of the business’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $75.76, for a total transaction of $303,040.00. Following the sale, the executive vice president directly owned 21,211 shares in the company, valued at approximately $1,606,945.36. The trade was a 15.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CTO Robert Blumofe sold 3,000 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $77.00, for a total value of $231,000.00. Following the sale, the chief technology officer owned 27,910 shares in the company, valued at approximately $2,149,070. This trade represents a 9.71% 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. Insiders own 2.00% of the company’s stock.

Akamai Technologies 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.