Forza Wealth Management LLC Raises Stake in Akamai Technologies, Inc. $AKAM

Forza Wealth Management LLC raised its position in Akamai Technologies, Inc. (NASDAQ:AKAM) by 19.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,044 shares of the technology infrastructure company’s stock after acquiring an additional 1,128 shares during the quarter. Forza Wealth Management LLC’s holdings in Akamai Technologies were worth $562,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in AKAM. WPG Advisers LLC purchased a new position in Akamai Technologies in the first quarter worth approximately $27,000. UMB Bank n.a. lifted its position in shares of 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 buying an additional 133 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Akamai Technologies by 54.8% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 438 shares of the technology infrastructure company’s stock worth $35,000 after buying an additional 155 shares during the last quarter. AlphaQuest LLC purchased a new stake in shares of Akamai Technologies during the 1st quarter worth approximately $42,000. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Akamai Technologies during the 1st quarter worth approximately $49,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Akamai Technologies Stock Performance

Shares of Akamai Technologies stock opened at $75.76 on Wednesday. The firm’s fifty day simple moving average is $76.59 and its 200-day simple moving average is $77.63. The stock has a market capitalization of $10.86 billion, a price-to-earnings ratio of 26.87, a PEG ratio of 3.66 and a beta of 0.77. Akamai Technologies, Inc. has a 12 month low of $67.51 and a 12 month high of $106.80. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.31 and a quick ratio of 2.31.

Akamai Technologies (NASDAQ:AKAM) last announced its earnings results on Thursday, August 7th. The technology infrastructure company reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.18. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Akamai Technologies had a net margin of 10.40% and a return on equity of 14.26%. The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.58 EPS. 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, equities analysts forecast that Akamai Technologies, Inc. will post 4.6 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AKAM. Zacks Research upgraded shares of Akamai Technologies to a “hold” rating in a research report on Monday, August 11th. KeyCorp began coverage on shares of Akamai Technologies in a research report on Friday, June 6th. They set an “underweight” rating and a $63.00 price objective for the company. Scotiabank reduced their price objective on shares of Akamai Technologies from $105.00 to $95.00 and set a “sector outperform” rating for the company in a research report on Friday, August 8th. Morgan Stanley downgraded shares of Akamai Technologies from an “equal weight” rating to an “underweight” rating and set a $85.00 price objective for the company. in a research report on Tuesday, August 5th. Finally, The Goldman Sachs Group assumed coverage on shares of Akamai Technologies in a report on Wednesday, August 13th. They issued a “sell” rating and a $67.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, Akamai Technologies presently has a consensus rating of “Hold” and a consensus target price of $92.39.

Insider Buying and Selling at Akamai Technologies

In other Akamai Technologies news, CTO Robert Blumofe sold 3,000 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $77.00, for a total value of $231,000.00. Following the transaction, the chief technology officer directly owned 27,910 shares of the company’s stock, valued at approximately $2,149,070. The trade was a 9.71% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Aaron Ahola sold 4,000 shares of the business’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $75.76, for a total transaction of $303,040.00. Following the completion of the transaction, the executive vice president directly owned 21,211 shares in the company, valued at $1,606,945.36. This represents a 15.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,000 shares of company stock valued at $1,305,990. 2.00% of the stock is owned by company insiders.

Akamai Technologies Company Profile

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.