Geode Capital Management LLC Has $346.58 Million Holdings in Akamai Technologies, Inc. $AKAM

Geode Capital Management LLC decreased its position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 1.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,347,483 shares of the technology infrastructure company’s stock after selling 47,255 shares during the quarter. Geode Capital Management LLC owned about 2.97% of Akamai Technologies worth $346,575,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of AKAM. Brighton Jones LLC lifted its holdings in Akamai Technologies by 101.4% in the fourth quarter. Brighton Jones LLC now owns 4,016 shares of the technology infrastructure company’s stock valued at $384,000 after buying an additional 2,022 shares during the period. Apollon Wealth Management LLC acquired a new stake in Akamai Technologies during the 1st quarter worth about $203,000. Whittier Trust Co. raised its position in shares of Akamai Technologies by 34.3% in the 1st quarter. Whittier Trust Co. now owns 1,026 shares of the technology infrastructure company’s stock worth $83,000 after acquiring an additional 262 shares in the last quarter. Larson Financial Group LLC lifted its stake in shares of Akamai Technologies by 210.6% in the 1st quarter. Larson Financial Group LLC now owns 941 shares of the technology infrastructure company’s stock valued at $76,000 after purchasing an additional 638 shares during the period. Finally, Hollencrest Capital Management boosted its position in shares of Akamai Technologies by 46.3% during the 1st quarter. Hollencrest Capital Management now owns 822 shares of the technology infrastructure company’s stock valued at $66,000 after purchasing an additional 260 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Akamai Technologies

In other Akamai Technologies news, EVP Paul C. Joseph sold 5,000 shares of Akamai Technologies stock in a transaction on Monday, September 15th. The shares were sold at an average price of $76.65, for a total transaction of $383,250.00. Following the transaction, the executive vice president directly owned 27,349 shares of the company’s stock, valued at $2,096,300.85. The trade was a 15.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Aaron Ahola sold 4,000 shares of the business’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $75.76, for a total transaction of $303,040.00. Following the transaction, the executive vice president owned 21,211 shares in the company, valued at approximately $1,606,945.36. This trade represents a 15.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 15,500 shares of company stock valued at $1,218,290 over the last 90 days. Insiders own 2.00% of the company’s stock.

Akamai Technologies Stock Performance

Shares of AKAM stock opened at $87.17 on Friday. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.92. The firm has a fifty day simple moving average of $77.01 and a two-hundred day simple moving average of $77.59. Akamai Technologies, Inc. has a 12 month low of $67.51 and a 12 month high of $103.75. The firm has a market capitalization of $12.54 billion, a PE ratio of 30.91, a price-to-earnings-growth ratio of 3.49 and a beta of 0.72.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings data on Thursday, November 6th. The technology infrastructure company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.22. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. Akamai Technologies had a net margin of 10.40% and a return on equity of 14.26%. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period last year, the firm earned $1.59 earnings per share. Akamai Technologies has set its FY 2025 guidance at 6.930-7.130 EPS. Q4 2025 guidance at 1.650-1.850 EPS. Analysts forecast that Akamai Technologies, Inc. will post 4.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AKAM has been the subject of a number of research analyst reports. DA Davidson reiterated a “buy” rating and issued a $115.00 target price on shares of Akamai Technologies in a report on Thursday, October 16th. President Capital lifted their price objective on shares of Akamai Technologies from $104.00 to $116.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Bank of America cut their target price on shares of Akamai Technologies from $100.00 to $80.00 and set a “neutral” rating on the stock in a research note on Monday, October 20th. Zacks Research raised shares of Akamai Technologies to a “hold” rating in a research note on Monday, August 11th. Finally, Wall Street Zen upgraded shares of Akamai Technologies from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Six equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $93.63.

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.