Clifford Swan Investment Counsel LLC Boosts Stake in Akamai Technologies, Inc. $AKAM

Clifford Swan Investment Counsel LLC boosted its position in Akamai Technologies, Inc. (NASDAQ:AKAM) by 0.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 62,773 shares of the technology infrastructure company’s stock after purchasing an additional 419 shares during the quarter. Clifford Swan Investment Counsel LLC’s holdings in Akamai Technologies were worth $5,007,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. WPG Advisers LLC bought a new stake in Akamai Technologies during the first quarter worth about $27,000. UMB Bank n.a. boosted its position in shares of Akamai Technologies by 50.8% in the 2nd quarter. UMB Bank n.a. now owns 395 shares of the technology infrastructure company’s stock worth $32,000 after purchasing an additional 133 shares in the last quarter. LRI Investments LLC grew its stake in shares of Akamai Technologies by 766.1% in the 2nd quarter. LRI Investments LLC now owns 485 shares of the technology infrastructure company’s stock worth $39,000 after buying an additional 429 shares during the last quarter. AlphaQuest LLC bought a new position in Akamai Technologies during the 1st quarter valued at approximately $42,000. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new position in Akamai Technologies during the first quarter valued at $49,000. 94.28% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Akamai Technologies news, CTO Robert Blumofe sold 3,000 shares of the company’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 completion of the sale, the chief technology officer owned 27,910 shares in the company, valued at $2,149,070. This represents a 9.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Paul C. Joseph sold 5,000 shares of Akamai Technologies stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $76.65, for a total value of $383,250.00. Following the transaction, the executive vice president directly owned 27,349 shares in the company, valued at approximately $2,096,300.85. The trade was a 15.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,000 shares of company stock valued at $917,290. 2.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

AKAM has been the subject of several recent analyst reports. Bank of America lowered their price target on Akamai Technologies from $100.00 to $80.00 and set a “neutral” rating for the company in a research report on Monday. Wall Street Zen upgraded shares of Akamai Technologies from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Piper Sandler decreased 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. Scotiabank reduced their target price on Akamai Technologies from $105.00 to $95.00 and set a “sector outperform” rating for the company in a report on Friday, August 8th. Finally, Morgan Stanley cut Akamai Technologies from an “equal weight” rating to an “underweight” rating and set a $85.00 price objective on the stock. in a research report on Tuesday, August 5th. One research 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $92.53.

Akamai Technologies Trading Down 1.9%

Shares of NASDAQ:AKAM opened at $74.71 on Thursday. The stock’s 50-day simple moving average is $76.34 and its two-hundred day simple moving average is $77.04. The stock has a market capitalization of $10.71 billion, a price-to-earnings ratio of 26.49, a PEG ratio of 3.64 and a beta of 0.75. Akamai Technologies, Inc. has a 52-week low of $67.51 and a 52-week high of $105.50. 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 (NASDAQ:AKAM) last issued its quarterly earnings data 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. 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 for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the prior year, the business earned $1.58 EPS. The business’s quarterly 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. Analysts expect that Akamai Technologies, Inc. will post 4.6 EPS for the current year.

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.