Fintel reports that on February 21, 2025, Piper Sandler downgraded their outlook for Akamai Technologies (LSE:0HBQ) from Overweight to Neutral.
Analyst Price Forecast Suggests 3.34% Upside
As of January 29, 2025, the average one-year price target for Akamai Technologies is 115.50 GBX/share. The forecasts range from a low of 98.79 GBX to a high of 143.78 GBX. The average price target represents an increase of 3.34% from its latest reported closing price of 111.77 GBX / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Akamai Technologies is 4,043MM, an increase of 1.30%. The projected annual non-GAAP EPS is 6.16.
What is the Fund Sentiment?
There are 1,355 funds or institutions reporting positions in Akamai Technologies. This is an decrease of 13 owner(s) or 0.95% in the last quarter. Average portfolio weight of all funds dedicated to 0HBQ is 0.18%, an increase of 2.92%. Total shares owned by institutions increased in the last three months by 6.50% to 161,509K shares.
What are Other Shareholders Doing?
First Trust Advisors holds 5,116K shares representing 3.41% ownership of the company. In its prior filing, the firm reported owning 4,426K shares , representing an increase of 13.49%. The firm increased its portfolio allocation in 0HBQ by 1.17% over the last quarter.
Norges Bank holds 4,992K shares representing 3.32% ownership of the company. In its prior filing, the firm reported owning 0K shares , representing an increase of 100.00%.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 4,781K shares representing 3.18% ownership of the company. In its prior filing, the firm reported owning 4,824K shares , representing a decrease of 0.89%. The firm increased its portfolio allocation in 0HBQ by 4.33% over the last quarter.
Geode Capital Management holds 4,126K shares representing 2.75% ownership of the company. In its prior filing, the firm reported owning 4,197K shares , representing a decrease of 1.71%. The firm decreased its portfolio allocation in 0HBQ by 53.00% over the last quarter.
Jpmorgan Chase holds 3,975K shares representing 2.65% ownership of the company. In its prior filing, the firm reported owning 4,519K shares , representing a decrease of 13.67%. The firm decreased its portfolio allocation in 0HBQ by 85.14% over the last quarter.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
