Fifth Third Bancorp Sells 14,280 Shares of Akamai Technologies, Inc. $AKAM

Fifth Third Bancorp lessened its holdings in Akamai Technologies, Inc. (NASDAQ:AKAM) by 32.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 29,339 shares of the technology infrastructure company’s stock after selling 14,280 shares during the quarter. Fifth Third Bancorp’s holdings in Akamai Technologies were worth $2,560,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of AKAM. AQR Capital Management LLC boosted its stake in shares of Akamai Technologies by 522.8% in the 3rd quarter. AQR Capital Management LLC now owns 2,020,346 shares of the technology infrastructure company’s stock valued at $153,061,000 after purchasing an additional 1,695,937 shares during the last quarter. Alyeska Investment Group L.P. boosted its stake in shares of Akamai Technologies by 570.0% in the 3rd quarter. Alyeska Investment Group L.P. now owns 1,634,040 shares of the technology infrastructure company’s stock valued at $123,795,000 after purchasing an additional 1,390,167 shares during the last quarter. Nordea Investment Management AB boosted its stake in shares of Akamai Technologies by 39.9% in the 3rd quarter. Nordea Investment Management AB now owns 3,437,472 shares of the technology infrastructure company’s stock valued at $258,739,000 after purchasing an additional 980,966 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Akamai Technologies by 35.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,331,333 shares of the technology infrastructure company’s stock valued at $176,626,000 after purchasing an additional 612,071 shares during the last quarter. Finally, Vinva Investment Management Ltd boosted its stake in shares of Akamai Technologies by 664.1% in the 3rd quarter. Vinva Investment Management Ltd now owns 310,317 shares of the technology infrastructure company’s stock valued at $24,121,000 after purchasing an additional 269,704 shares during the last quarter. Institutional investors own 94.28% of the company’s stock.

Akamai Technologies Price Performance

Akamai Technologies stock opened at $103.87 on Monday. The company’s 50 day simple moving average is $104.16 and its 200 day simple moving average is $93.88. Akamai Technologies, Inc. has a fifty-two week low of $69.78 and a fifty-two week high of $121.12. The firm has a market capitalization of $15.06 billion, a price-to-earnings ratio of 33.72, a PEG ratio of 3.57 and a beta of 0.45. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.36 and a quick ratio of 2.36.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings data on Thursday, February 19th. The technology infrastructure company reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.09. Akamai Technologies had a net margin of 10.74% and a return on equity of 13.86%. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the firm earned $1.66 EPS. Akamai Technologies’s quarterly revenue was up 7.4% compared to the same quarter last year. Akamai Technologies has set its FY 2026 guidance at 6.200-7.200 EPS and its Q1 2026 guidance at 1.500-1.670 EPS. As a group, sell-side analysts anticipate that Akamai Technologies, Inc. will post 4.17 EPS for the current year.

Insider Transactions at Akamai Technologies

In other Akamai Technologies news, CAO Laura Howell sold 11,273 shares of Akamai Technologies stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $100.14, for a total value of $1,128,878.22. Following the transaction, the chief accounting officer owned 12,559 shares of the company’s stock, valued at approximately $1,257,658.26. The trade was a 47.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Anthony P. Williams sold 15,000 shares of Akamai Technologies stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $104.29, for a total transaction of $1,564,350.00. Following the completion of the transaction, the executive vice president directly owned 22,064 shares in the company, valued at approximately $2,301,054.56. The trade was a 40.47% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 57,454 shares of company stock valued at $5,889,371. 2.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AKAM. Raymond James Financial set a $120.00 target price on shares of Akamai Technologies in a research note on Thursday, March 12th. Wall Street Zen lowered shares of Akamai Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. The Goldman Sachs Group lifted their price objective on shares of Akamai Technologies from $69.00 to $76.00 and gave the stock a “sell” rating in a research note on Friday, February 20th. TD Cowen reduced their price objective on shares of Akamai Technologies from $104.00 to $100.00 and set a “hold” rating on the stock in a research note on Friday, February 20th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Akamai Technologies in a research note on Friday, March 27th. Nine investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Akamai Technologies has a consensus rating of “Hold” and a consensus price target of $112.37.

Akamai Technologies 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.