Premier Path Wealth Partners LLC Acquires New Position in Akamai Technologies, Inc. $AKAM

Premier Path Wealth Partners LLC acquired a new stake in Akamai Technologies, Inc. (NASDAQ:AKAM) during the second quarter, Holdings Channel reports. The firm acquired 15,518 shares of the technology infrastructure company’s stock, valued at approximately $1,238,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AKAM. Alyeska Investment Group L.P. raised its stake in 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 valued at $141,149,000 after acquiring an additional 1,594,206 shares during the period. Robeco Institutional Asset Management B.V. increased its position in shares of Akamai Technologies by 1,663.2% during the second quarter. Robeco Institutional Asset Management B.V. now owns 1,027,175 shares of the technology infrastructure company’s stock valued at $81,927,000 after buying an additional 968,919 shares during the period. Vontobel Holding Ltd. increased its position in shares of Akamai Technologies by 147.0% during the second quarter. Vontobel Holding Ltd. now owns 1,471,281 shares of the technology infrastructure company’s stock valued at $117,349,000 after buying an additional 875,712 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Akamai Technologies during the second quarter valued at about $56,821,000. Finally, Vanguard Group Inc. increased its position in shares of Akamai Technologies by 2.3% during the first quarter. Vanguard Group Inc. now owns 18,673,358 shares of the technology infrastructure company’s stock valued at $1,503,205,000 after buying an additional 425,461 shares during the period. 94.28% of the stock is currently owned by institutional investors.

Akamai Technologies Trading Down 3.6%

NASDAQ:AKAM opened at $73.01 on Thursday. Akamai Technologies, Inc. has a one year low of $67.51 and a one year high of $105.26. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.31 and a quick ratio of 2.31. The company’s 50-day simple moving average is $76.29 and its 200 day simple moving average is $77.18. The firm has a market capitalization of $10.47 billion, a P/E ratio of 25.89, a PEG ratio of 3.62 and a beta of 0.75.

Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings data 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. Akamai Technologies had a net margin of 10.40% and a return on equity of 14.26%. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the firm posted $1.58 earnings per share. Akamai Technologies’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. As a group, analysts forecast that Akamai Technologies, Inc. will post 4.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on AKAM shares. Morgan Stanley cut Akamai Technologies from an “equal weight” rating to an “underweight” rating and set a $85.00 price target on the stock. in a research report on Tuesday, August 5th. Piper Sandler dropped their price objective 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. Wall Street Zen upgraded shares of Akamai Technologies from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Raymond James Financial reduced their target price on Akamai Technologies from $110.00 to $84.00 and set an “outperform” rating on the stock in a report on Friday, August 8th. Finally, Weiss Ratings raised Akamai Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $92.53.

Insider Buying and Selling

In related news, EVP Paul C. Joseph sold 5,000 shares of the business’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $76.65, for a total transaction of $383,250.00. Following the sale, the executive vice president owned 27,349 shares of the company’s stock, valued at $2,096,300.85. The trade was a 15.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 transaction of $231,000.00. Following the sale, the chief technology officer directly owned 27,910 shares in the company, valued at $2,149,070. The trade was a 9.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 12,000 shares of company stock valued at $917,290 over the last quarter. Corporate 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.