Q2: Oak Associates reduces stake in Akamai, earning surpasses estimates, mixed analyst ratings.
In Q2, Oak Associates Ltd. reduced its stake in Akamai Technologies (NASDAQ: AKAM) by 9.4%, holding 145,263 shares. Institutional investors own 94.28% of the company. Akamai reported Q2 earnings of $1.58 per share, surpassing estimates, with revenue of $979.6 million. Analysts issued mixed ratings, with Guggenheim upgrading to "buy" and a $128 target, while Tigress Financial set a $140 target.
September 15, 2024
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