Lmcg Investments LLC Acquires 5,536 Shares of Akamai Technologies, Inc. $AKAM

Lmcg Investments LLC increased its holdings in Akamai Technologies, Inc. (NASDAQ:AKAM) by 6.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 95,071 shares of the technology infrastructure company’s stock after buying an additional 5,536 shares during the period. Lmcg Investments LLC’s holdings in Akamai Technologies were worth $7,583,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of AKAM. WPG Advisers LLC acquired a new position in shares of Akamai Technologies during the first quarter worth $27,000. UMB Bank n.a. increased its position in shares of Akamai Technologies by 50.8% during the second 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 in the last quarter. AlphaQuest LLC acquired a new position in shares of Akamai Technologies during the first quarter worth $42,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Akamai Technologies during the first quarter worth $49,000. Finally, Quarry LP increased its position in shares of Akamai Technologies by 623.3% during the first quarter. Quarry LP now owns 622 shares of the technology infrastructure company’s stock worth $50,000 after purchasing an additional 536 shares in the last quarter. Institutional investors own 94.28% of the company’s stock.

Akamai Technologies Price Performance

NASDAQ AKAM opened at $73.24 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 stock’s fifty day moving average price is $76.23 and its 200 day moving average price is $77.35. Akamai Technologies, Inc. has a 1 year low of $67.51 and a 1 year high of $106.80. The company has a market cap of $10.50 billion, a price-to-earnings ratio of 25.97, a PEG ratio of 3.61 and a beta of 0.75.

Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings results on Thursday, August 7th. The technology infrastructure company reported $1.73 EPS for the quarter, beating 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 company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the prior year, the company earned $1.58 earnings per share. The firm’s 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, equities research analysts forecast that Akamai Technologies, Inc. will post 4.6 earnings per share for the current year.

Insider Buying and Selling at Akamai Technologies

In other Akamai Technologies news, EVP Paul C. Joseph sold 5,000 shares of the company’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $76.65, for a total value of $383,250.00. Following the sale, the executive vice president directly owned 27,349 shares of the company’s stock, valued at approximately $2,096,300.85. This represents a 15.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Robert Blumofe sold 3,000 shares of the company’s stock in a transaction 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 completion of the sale, the chief technology officer directly owned 27,910 shares in the company, valued at approximately $2,149,070. The trade was a 9.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over 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 insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Zacks Research raised Akamai Technologies to a “hold” rating in a research report on Monday, August 11th. Wall Street Zen raised Akamai Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. The Goldman Sachs Group initiated coverage on Akamai Technologies in a research report on Wednesday, August 13th. They set a “sell” rating and a $67.00 price target on the stock. Morgan Stanley downgraded Akamai Technologies from an “equal weight” rating to an “underweight” rating and set a $85.00 target price on the stock. in a research report on Tuesday, August 5th. Finally, Piper Sandler cut their target price on Akamai Technologies from $88.00 to $83.00 and set a “neutral” rating on the stock in a research report on Friday, August 8th. 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 five have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $92.39.

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.