J. Safra Sarasin Holding AG Purchases 13,009 Shares of Akamai Technologies, Inc. $AKAM

J. Safra Sarasin Holding AG increased its position in Akamai Technologies, Inc. (NASDAQ:AKAM) by 346.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,760 shares of the technology infrastructure company’s stock after acquiring an additional 13,009 shares during the period. J. Safra Sarasin Holding AG’s holdings in Akamai Technologies were worth $1,270,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of AKAM. Whittier Trust Co. of Nevada Inc. increased its position in shares of Akamai Technologies by 295.3% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 336 shares of the technology infrastructure company’s stock valued at $26,000 after purchasing an additional 251 shares during the last quarter. CYBER HORNET ETFs LLC bought a new stake in Akamai Technologies during the second quarter valued at approximately $32,000. Wolff Wiese Magana LLC increased its holdings in Akamai Technologies by 497.0% during the third quarter. Wolff Wiese Magana LLC now owns 400 shares of the technology infrastructure company’s stock valued at $30,000 after buying an additional 333 shares during the last quarter. True Wealth Design LLC raised its position in Akamai Technologies by 1,469.2% in the third quarter. True Wealth Design LLC now owns 408 shares of the technology infrastructure company’s stock worth $31,000 after acquiring an additional 382 shares during the period. Finally, MUFG Securities EMEA plc purchased a new position in shares of Akamai Technologies during the 2nd quarter worth $35,000. Institutional investors own 94.28% of the company’s stock.

Insider Activity

In other Akamai Technologies news, EVP Mani Sundaram sold 10,438 shares of the firm’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $89.25, for a total value of $931,591.50. Following the completion of the sale, the executive vice president directly owned 13,550 shares of the company’s stock, valued at $1,209,337.50. This trade represents a 43.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Adam Karon sold 3,320 shares of the company’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $87.30, for a total value of $289,836.00. Following the completion of the transaction, the chief operating officer directly owned 7,785 shares in the company, valued at approximately $679,630.50. This trade represents a 29.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 32,318 shares of company stock worth $2,890,254. Insiders own 2.00% of the company’s stock.

Akamai Technologies Price Performance

NASDAQ AKAM opened at $102.10 on Thursday. Akamai Technologies, Inc. has a 52-week low of $67.51 and a 52-week high of $104.97. The firm’s 50 day moving average price is $89.43 and its 200-day moving average price is $81.52. The company has a market cap of $14.69 billion, a PE ratio of 29.94, a P/E/G ratio of 3.74 and a beta of 0.68. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.28 and a current ratio of 2.28.

Akamai Technologies (NASDAQ:AKAM) last announced its earnings results on Thursday, November 6th. The technology infrastructure company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.22. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. Akamai Technologies had a net margin of 12.26% and a return on equity of 14.16%. Akamai Technologies’s 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 and its Q4 2025 guidance at 1.650-1.850 EPS. Sell-side analysts forecast that Akamai Technologies, Inc. will post 4.6 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on AKAM. Raymond James Financial upped their price objective on Akamai Technologies from $84.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, November 10th. Morgan Stanley raised Akamai Technologies from an “underweight” rating to an “overweight” rating and raised their price objective for the stock from $83.00 to $115.00 in a research note on Monday, January 12th. TD Cowen boosted their price objective on Akamai Technologies from $98.00 to $104.00 and gave the company a “hold” rating in a research note on Thursday, November 13th. HSBC raised their target price on shares of Akamai Technologies from $130.00 to $134.00 in a research note on Monday, November 10th. Finally, Citigroup upped their price target on shares of Akamai Technologies from $88.00 to $103.00 and gave the stock a “neutral” rating in a research report on Friday, January 16th. Seven equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $96.11.

Akamai Technologies Company Profile

Akamai Technologies, Inc is a leading provider of content delivery network (CDN) services and cloud security solutions designed to optimize and safeguard digital experiences. Leveraging a globally distributed platform, the company accelerates web and mobile content delivery for enterprises, media companies, e-commerce platforms and government agencies. Its edge computing architecture brings processing power closer to end users, reducing latency and improving application performance across geographies.

The company’s core offerings include content acceleration, web and mobile performance optimization, media delivery, and a suite of cybersecurity solutions that protect against DDoS attacks, application-layer threats and bot-driven fraud.