Akamai Technologies, Inc. $AKAM Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. trimmed its stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 76.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 245,239 shares of the technology infrastructure company’s stock after selling 781,936 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Akamai Technologies were worth $18,579,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of AKAM. Brighton Jones LLC lifted its holdings in shares of Akamai Technologies by 101.4% during the fourth quarter. Brighton Jones LLC now owns 4,016 shares of the technology infrastructure company’s stock worth $384,000 after purchasing an additional 2,022 shares during the period. Jones Financial Companies Lllp increased its stake in Akamai Technologies by 35.2% in the 1st quarter. Jones Financial Companies Lllp now owns 1,087 shares of the technology infrastructure company’s stock valued at $88,000 after buying an additional 283 shares during the period. Meiji Yasuda Asset Management Co Ltd. raised its position in Akamai Technologies by 5.0% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,382 shares of the technology infrastructure company’s stock worth $353,000 after buying an additional 210 shares during the last quarter. United Services Automobile Association acquired a new stake in shares of Akamai Technologies in the 1st quarter worth $266,000. Finally, MBB Public Markets I LLC purchased a new stake in shares of Akamai Technologies in the first quarter valued at about $311,000. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Akamai Technologies

In other Akamai Technologies news, CTO Robert Blumofe sold 3,500 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $86.00, for a total transaction of $301,000.00. Following the completion of the transaction, the chief technology officer owned 24,410 shares of the company’s stock, valued at approximately $2,099,260. This trade represents a 12.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Edward J. Mcgowan sold 6,560 shares of the business’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $88.03, for a total value of $577,476.80. Following the completion of the transaction, the chief financial officer directly owned 16,442 shares of the company’s stock, valued at approximately $1,447,389.26. This trade represents a 28.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 23,818 shares of company stock valued at $2,099,904. Company insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on AKAM. HSBC increased their price target on shares of Akamai Technologies from $130.00 to $134.00 in a report on Monday, November 10th. President Capital increased their target price on Akamai Technologies from $104.00 to $116.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. The Goldman Sachs Group raised 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. Royal Bank Of Canada lifted their price target on Akamai Technologies from $80.00 to $90.00 and gave the company a “sector perform” rating in a research note on Monday. Finally, Scotiabank cut their price objective on Akamai Technologies from $95.00 to $94.00 and set a “hold” rating for the company in a research report on Friday, November 7th. Five research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, Akamai Technologies currently has a consensus rating of “Hold” and an average price target of $92.89.

Akamai Technologies Trading Down 2.8%

NASDAQ:AKAM opened at $85.71 on Friday. Akamai Technologies, Inc. has a 52-week low of $67.51 and a 52-week high of $103.75. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.87. The stock has a fifty day simple moving average of $86.23 and a 200-day simple moving average of $80.09. The company has a market capitalization of $12.33 billion, a PE ratio of 25.13, a price-to-earnings-growth ratio of 3.18 and a beta of 0.68.

Akamai Technologies (NASDAQ:AKAM) last posted its earnings results on Thursday, November 6th. The technology infrastructure company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.22. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. Akamai Technologies had a net margin of 12.26% and a return on equity of 14.16%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period last year, the firm posted $1.59 EPS. 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, equities research analysts expect that Akamai Technologies, Inc. will post 4.6 earnings per share for the current fiscal year.

Akamai Technologies Company 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.