Rakuten Investment Management Inc. Buys New Holdings in Akamai Technologies, Inc. $AKAM

Rakuten Investment Management Inc. purchased a new position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) in the 3rd quarter, Holdings Channel.com reports. The fund purchased 70,266 shares of the technology infrastructure company’s stock, valued at approximately $5,323,000.

A number of other large investors also recently modified their holdings of AKAM. Wolff Wiese Magana LLC grew its holdings in shares of Akamai Technologies by 497.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 400 shares of the technology infrastructure company’s stock worth $30,000 after purchasing an additional 333 shares during the period. True Wealth Design LLC raised its holdings in Akamai Technologies by 1,469.2% in the third quarter. True Wealth Design LLC now owns 408 shares of the technology infrastructure company’s stock valued at $31,000 after buying an additional 382 shares during the period. UMB Bank n.a. lifted its position in Akamai Technologies by 50.8% during the second quarter. UMB Bank n.a. now owns 395 shares of the technology infrastructure company’s stock valued at $32,000 after buying an additional 133 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new position in Akamai Technologies during the second quarter valued at approximately $32,000. Finally, Quent Capital LLC purchased a new stake in Akamai Technologies during the third quarter worth approximately $34,000. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AKAM has been the topic of a number of research reports. TD Cowen raised their target price on shares of Akamai Technologies from $98.00 to $104.00 and gave the company a “hold” rating in a research note on Thursday, November 13th. The Goldman Sachs Group increased their price target on Akamai Technologies from $67.00 to $69.00 and gave the company a “sell” rating in a report on Friday, November 7th. Piper Sandler raised their price objective on Akamai Technologies from $86.00 to $89.00 and gave the company a “neutral” rating in a research report on Monday, January 5th. Oppenheimer initiated coverage on Akamai Technologies in a research report on Monday, November 17th. They issued an “outperform” rating and a $100.00 target price for the company. Finally, Morgan Stanley upgraded Akamai Technologies from an “underweight” rating to an “overweight” rating and increased their target price for the company from $83.00 to $115.00 in a research note on Monday, January 12th. Seven analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $96.11.

Akamai Technologies Stock Performance

Shares of AKAM stock opened at $97.03 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.28 and a quick ratio of 2.28. The company’s fifty day moving average price is $88.43 and its two-hundred day moving average price is $80.94. The firm has a market capitalization of $13.96 billion, a P/E ratio of 28.45, a P/E/G ratio of 3.39 and a beta of 0.68. Akamai Technologies, Inc. has a 12 month low of $67.51 and a 12 month high of $103.75.

Akamai Technologies (NASDAQ:AKAM) last announced its earnings results on Thursday, November 6th. The technology infrastructure company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.22. Akamai Technologies had a return on equity of 14.16% and a net margin of 12.26%.The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period in the previous year, the company earned $1.59 earnings per share. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. Akamai Technologies has set its FY 2025 guidance at 6.930-7.130 EPS and its Q4 2025 guidance at 1.650-1.850 EPS. On average, research analysts anticipate that Akamai Technologies, Inc. will post 4.6 earnings per share for the current fiscal year.

Insider Activity at Akamai Technologies

In related news, CTO Robert Blumofe sold 3,500 shares of Akamai Technologies stock in a transaction on Friday, November 7th. The shares were sold at an average price of $86.00, for a total value of $301,000.00. Following the completion of the sale, the chief technology officer owned 24,410 shares in the company, valued at approximately $2,099,260. The trade was a 12.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Adam Karon sold 3,320 shares of the company’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $87.30, for a total transaction of $289,836.00. Following the completion of the sale, the chief operating officer directly owned 7,785 shares in the company, valued at $679,630.50. This represents a 29.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 28,818 shares of company stock worth $2,550,754 over the last ninety days. Company insiders own 2.00% of the company’s stock.

Akamai Technologies Profile

Akamai Technologies, Inc is a leading provider of content delivery network (CDN) services and cloud security solutions designed to optimize and safeguard digital experiences. Leveraging a globally distributed platform, the company accelerates web and mobile content delivery for enterprises, media companies, e-commerce platforms and government agencies. Its edge computing architecture brings processing power closer to end users, reducing latency and improving application performance across geographies.

The company’s core offerings include content acceleration, web and mobile performance optimization, media delivery, and a suite of cybersecurity solutions that protect against DDoS attacks, application-layer threats and bot-driven fraud.