Securian Asset Management Inc. Decreases Holdings in Akamai Technologies, Inc. $AKAM

Securian Asset Management Inc. decreased its position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 3.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,530 shares of the technology infrastructure company’s stock after selling 300 shares during the quarter. Securian Asset Management Inc.’s holdings in Akamai Technologies were worth $601,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of AKAM. Brighton Jones LLC boosted its stake in shares of Akamai Technologies by 101.4% during the 4th quarter. Brighton Jones LLC now owns 4,016 shares of the technology infrastructure company’s stock worth $384,000 after acquiring an additional 2,022 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Akamai Technologies by 23.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 16,548 shares of the technology infrastructure company’s stock valued at $1,332,000 after buying an additional 3,134 shares in the last quarter. Oppenheimer & Co. Inc. lifted its stake in Akamai Technologies by 17.9% in the 1st quarter. Oppenheimer & Co. Inc. now owns 18,105 shares of the technology infrastructure company’s stock valued at $1,457,000 after buying an additional 2,744 shares in the last quarter. Asset Management One Co. Ltd. lifted its stake in Akamai Technologies by 2.6% in the 1st quarter. Asset Management One Co. Ltd. now owns 60,508 shares of the technology infrastructure company’s stock valued at $4,871,000 after buying an additional 1,550 shares in the last quarter. Finally, Achmea Investment Management B.V. purchased a new stake in Akamai Technologies in the 1st quarter valued at approximately $21,626,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on AKAM shares. DA Davidson reaffirmed a “buy” rating and issued a $115.00 target price on shares of Akamai Technologies in a research note on Thursday, October 16th. Weiss Ratings raised Akamai Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday. Wall Street Zen raised Akamai Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Zacks Research raised Akamai Technologies to a “hold” rating in a research note on Monday, August 11th. Finally, Morgan Stanley lowered Akamai Technologies from an “equal weight” rating to an “underweight” rating and set a $85.00 target price on the stock. in a research note on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $92.53.

Akamai Technologies Trading Up 0.6%

Shares of Akamai Technologies stock opened at $75.05 on Friday. Akamai Technologies, Inc. has a fifty-two week low of $67.51 and a fifty-two week high of $105.26. The firm has a market cap of $10.76 billion, a PE ratio of 26.61, a P/E/G ratio of 3.56 and a beta of 0.75. The business’s fifty day moving average is $76.36 and its two-hundred day moving average is $77.11. The company has a quick ratio of 2.31, a current 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 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.18. Akamai Technologies had a return on equity of 14.26% and a net margin of 10.40%.The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the company posted $1.58 EPS. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. Akamai Technologies has set its FY 2025 guidance at 6.600-6.800 EPS. Q3 2025 guidance at 1.620-1.660 EPS. 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, CTO Robert Blumofe sold 3,000 shares of the company’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $77.00, for a total transaction of $231,000.00. Following the completion of the sale, the chief technology officer directly owned 27,910 shares in the company, valued at $2,149,070. This represents a 9.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Aaron Ahola sold 4,000 shares of the company’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 sale, the executive vice president 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. Insiders sold a total of 12,000 shares of company stock worth $917,290 in the last ninety days. Insiders own 2.00% of the company’s stock.

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.