Akamai Technologies, Inc. $AKAM Shares Sold by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG lessened its holdings in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 73.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,751 shares of the technology infrastructure company’s stock after selling 10,359 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Akamai Technologies were worth $299,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. WPG Advisers LLC acquired a new stake in Akamai Technologies during the 1st quarter worth $27,000. UMB Bank n.a. boosted its stake in Akamai Technologies by 50.8% during 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 during the last quarter. AlphaQuest LLC acquired a new stake in Akamai Technologies during the 1st quarter worth $42,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Akamai Technologies during the 1st quarter worth $49,000. Finally, Quarry LP boosted its stake in Akamai Technologies by 623.3% during the 1st quarter. Quarry LP now owns 622 shares of the technology infrastructure company’s stock worth $50,000 after purchasing an additional 536 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Akamai Technologies Stock Down 0.6%

Shares of NASDAQ:AKAM opened at $77.56 on Friday. 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 firm has a market capitalization of $11.12 billion, a PE ratio of 27.50, a price-to-earnings-growth ratio of 3.73 and a beta of 0.75. The firm’s 50-day moving average is $76.38 and its two-hundred day moving average is $77.52. Akamai Technologies, Inc. has a 1 year low of $67.51 and a 1 year high of $106.80.

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

Insider Buying and Selling

In related news, CTO Robert Blumofe sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The shares were 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 approximately $2,149,070. This represents a 9.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Aaron Ahola sold 4,000 shares of the company’s stock in a transaction that occurred on 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 owned 21,211 shares in the company, valued at $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. Over the last ninety days, insiders have sold 17,000 shares of company stock worth $1,305,990. Company insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

AKAM has been the topic of several recent research reports. Wall Street Zen raised shares of Akamai Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Morgan Stanley cut shares of 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. Zacks Research raised shares of Akamai Technologies to a “hold” rating in a research report on Monday, August 11th. Scotiabank lowered their price target on shares of Akamai Technologies from $105.00 to $95.00 and set a “sector outperform” rating on the stock in a research report on Friday, August 8th. Finally, Raymond James Financial lowered their price target on shares of Akamai Technologies from $110.00 to $84.00 and set an “outperform” rating on the stock in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, Akamai Technologies currently has an average rating of “Hold” and a consensus target price of $92.39.

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.