Mitsubishi UFJ Trust & Banking Corp Trims Stake in Akamai Technologies, Inc. $AKAM

Mitsubishi UFJ Trust & Banking Corp cut its position in Akamai Technologies, Inc. (NASDAQ:AKAM) by 21.5% in the second quarter, Holdings Channel reports. The firm owned 198,426 shares of the technology infrastructure company’s stock after selling 54,470 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Akamai Technologies were worth $15,826,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the company. Alyeska Investment Group L.P. boosted its holdings in shares of Akamai Technologies by 1,001.4% in the first quarter. Alyeska Investment Group L.P. now owns 1,753,400 shares of the technology infrastructure company’s stock valued at $141,149,000 after acquiring an additional 1,594,206 shares during the period. Robeco Institutional Asset Management B.V. raised its position in Akamai Technologies by 1,663.2% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,027,175 shares of the technology infrastructure company’s stock valued at $81,927,000 after purchasing an additional 968,919 shares during the last quarter. Vontobel Holding Ltd. raised its position in Akamai Technologies by 147.0% in the 2nd quarter. Vontobel Holding Ltd. now owns 1,471,281 shares of the technology infrastructure company’s stock valued at $117,349,000 after purchasing an additional 875,712 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Akamai Technologies during the 2nd quarter worth $56,821,000. Finally, Vanguard Group Inc. grew its position in Akamai Technologies by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 18,673,358 shares of the technology infrastructure company’s stock worth $1,503,205,000 after purchasing an additional 425,461 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Insider Transactions at Akamai Technologies

In other news, EVP Aaron Ahola sold 4,000 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $75.76, for a total value of $303,040.00. Following the completion of the transaction, the executive vice president owned 21,211 shares in the company, valued at $1,606,945.36. This trade represents a 15.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Paul C. Joseph sold 5,000 shares of the business’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $76.65, for a total transaction of $383,250.00. Following the sale, the executive vice president directly owned 27,349 shares in the company, valued at approximately $2,096,300.85. This represents a 15.46% decrease in their position. 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 in the last ninety days. 2.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AKAM. Morgan Stanley reduced their target price on shares of Akamai Technologies from $85.00 to $83.00 and set an “underweight” rating for the company in a report on Friday, November 7th. President Capital upped their price objective on Akamai Technologies from $104.00 to $116.00 and gave the company a “buy” rating in a research note on Friday, November 7th. HSBC increased their price objective on Akamai Technologies from $130.00 to $134.00 in a research report on Monday, November 10th. The Goldman Sachs Group boosted their target price on Akamai Technologies from $67.00 to $69.00 and gave the company a “sell” rating in a report on Friday, November 7th. Finally, Citigroup increased their price target on Akamai Technologies from $85.00 to $88.00 and gave the stock a “neutral” rating in a report on Tuesday, November 11th. Six equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $93.63.

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 stock has a 50 day simple moving average of $77.01 and a 200-day simple moving average of $77.59. The company has a market cap of $12.54 billion, a price-to-earnings ratio of 30.91, a price-to-earnings-growth ratio of 3.49 and a beta of 0.72. Akamai Technologies, Inc. has a 12-month low of $67.51 and a 12-month high of $103.75.

Akamai Technologies (NASDAQ:AKAM) last announced its quarterly earnings data on Thursday, November 6th. The technology infrastructure company reported $1.86 earnings per share for the quarter, topping 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 return on equity of 14.26% and a net margin of 10.40%.Akamai Technologies’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $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. On average, equities analysts forecast that Akamai Technologies, Inc. will post 4.6 EPS for the current 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.