IQ EQ FUND MANAGEMENT IRELAND Ltd Buys 5,972 Shares of Akamai Technologies, Inc. $AKAM

IQ EQ FUND MANAGEMENT IRELAND Ltd grew its stake in Akamai Technologies, Inc. (NASDAQ:AKAM) by 27.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,095 shares of the technology infrastructure company’s stock after acquiring an additional 5,972 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Akamai Technologies were worth $2,241,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. WPG Advisers LLC bought a new position in Akamai Technologies during the first quarter worth about $27,000. UMB Bank n.a. grew its holdings 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 worth $32,000 after purchasing an additional 133 shares during the period. LRI Investments LLC grew its holdings in Akamai Technologies by 766.1% during the second quarter. LRI Investments LLC now owns 485 shares of the technology infrastructure company’s stock worth $39,000 after purchasing an additional 429 shares during the period. AlphaQuest LLC bought a new position in Akamai Technologies during the first quarter worth about $42,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in Akamai Technologies during the first quarter worth about $49,000. Institutional investors own 94.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on AKAM shares. Scotiabank reduced their price target on Akamai Technologies from $105.00 to $95.00 and set a “sector outperform” rating for the company in a report on Friday, August 8th. Zacks Research upgraded Akamai Technologies to a “hold” rating in a report on Monday, August 11th. The Goldman Sachs Group assumed coverage on shares of Akamai Technologies in a research report on Wednesday, August 13th. They set a “sell” rating and a $67.00 price objective for the company. Bank of America cut their price objective on shares of Akamai Technologies from $100.00 to $80.00 and set a “neutral” rating for the company in a research report on Monday, October 20th. Finally, DA Davidson restated a “buy” rating and set a $115.00 price objective on shares of Akamai Technologies in a research report on Thursday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $92.53.

Insider Activity

In related news, CTO Robert Blumofe sold 3,000 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $77.00, for a total value of $231,000.00. Following the completion of the transaction, the chief technology officer directly owned 27,910 shares of the company’s stock, valued at $2,149,070. This trade represents a 9.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Paul C. Joseph sold 5,000 shares of the firm’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $76.65, for a total value of $383,250.00. Following the completion of the transaction, the executive vice president directly owned 27,349 shares of the company’s stock, valued at approximately $2,096,300.85. This trade represents a 15.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 12,000 shares of company stock valued at $917,290. 2.00% of the stock is owned by company insiders.

Akamai Technologies Price Performance

Shares of AKAM opened at $75.75 on Wednesday. The company has a market capitalization of $10.86 billion, a price-to-earnings ratio of 26.86, a P/E/G ratio of 3.61 and a beta of 0.75. Akamai Technologies, Inc. has a fifty-two week low of $67.51 and a fifty-two week high of $105.26. 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 business’s 50-day moving average is $76.35 and its 200-day moving average is $77.19.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings data on Thursday, August 7th. The technology infrastructure company reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.18. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.02 billion. Akamai Technologies had a return on equity of 14.26% and a net margin of 10.40%.The firm’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $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. Equities research analysts expect that Akamai Technologies, Inc. will post 4.6 EPS for the current fiscal year.

Akamai Technologies 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.