Akamai Technologies, Inc. $AKAM Shares Sold by Ethic Inc.

Ethic Inc. reduced its stake in Akamai Technologies, Inc. (NASDAQ:AKAM) by 24.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,129 shares of the technology infrastructure company’s stock after selling 5,961 shares during the quarter. Ethic Inc.’s holdings in Akamai Technologies were worth $1,582,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Rakuten Investment Management Inc. acquired a new stake in shares of Akamai Technologies during the 3rd quarter worth approximately $5,323,000. Fox Run Management L.L.C. lifted its holdings in Akamai Technologies by 467.7% in the third quarter. Fox Run Management L.L.C. now owns 19,144 shares of the technology infrastructure company’s stock valued at $1,450,000 after acquiring an additional 15,772 shares during the last quarter. National Pension Service grew its position in Akamai Technologies by 48.5% in the third quarter. National Pension Service now owns 68,111 shares of the technology infrastructure company’s stock worth $5,160,000 after acquiring an additional 22,242 shares during the period. Grantham Mayo Van Otterloo & Co. LLC grew its position in Akamai Technologies by 42.4% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 251,322 shares of the technology infrastructure company’s stock worth $19,040,000 after acquiring an additional 74,791 shares during the period. Finally, Nordea Investment Management AB increased its stake in Akamai Technologies by 39.9% during the third quarter. Nordea Investment Management AB now owns 3,437,472 shares of the technology infrastructure company’s stock worth $258,739,000 after acquiring an additional 980,966 shares during the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

Akamai Technologies News Roundup

Here are the key news stories impacting Akamai Technologies this week:

• Positive Sentiment: Multiple Wall Street firms raised their price targets on Akamai, including Susquehanna to $175, HSBC to $171, and Raymond James to $170, signaling stronger analyst confidence in the company’s outlook. Susquehanna adjusts Akamai Technologies price target to 175 from 120
• Positive Sentiment: Anthropic reportedly signed a $1.8 billion cloud/compute deal with Akamai, a major potential revenue catalyst that highlights growing demand for Akamai’s infrastructure services in AI workloads. Anthropic secures $1.8bn cloud deal with Akamai for AI expansion
• Positive Sentiment: News flow suggests Akamai is being viewed as an AI beneficiary, which has helped fuel momentum in the stock and likely supported recent buying. Akamai stock posts best week since 2013 on buzz of 1.8B Anthropic cloud deal
• Neutral Sentiment: Short-interest data was reported, but the figures appear inconsistent/blank, so it does not provide a clear trading signal for investors.

Analyst Ratings Changes

AKAM has been the topic of several recent analyst reports. The Goldman Sachs Group upped their price target on Akamai Technologies from $76.00 to $87.00 and gave the company a “sell” rating in a research note on Friday, May 8th. Raymond James Financial boosted their price objective on shares of Akamai Technologies from $140.00 to $170.00 in a report on Monday. Wall Street Zen cut shares of Akamai Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Susquehanna increased their target price on shares of Akamai Technologies from $120.00 to $175.00 and gave the stock a “positive” rating in a research note on Monday. Finally, Piper Sandler reissued a “neutral” rating and issued a $156.00 price target (up from $114.00) on shares of Akamai Technologies in a research note on Friday, May 8th. Eleven investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $136.24.

Insiders Place Their Bets

In related news, Director Jon Miller sold 11,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $102.67, for a total transaction of $1,129,370.00. Following the completion of the sale, the director owned 22,806 shares in the company, valued at $2,341,492.02. The trade was a 32.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Anthony P. Williams sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $104.29, for a total transaction of $1,564,350.00. Following the sale, 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 SEC filing for this sale provides additional information. In the last three months, insiders sold 57,454 shares of company stock worth $5,889,371. 2.30% of the stock is currently owned by insiders.

Akamai Technologies Stock Down 2.3%

Akamai Technologies stock opened at $149.56 on Wednesday. The firm has a market capitalization of $21.74 billion, a P/E ratio of 50.36, a P/E/G ratio of 5.28 and a beta of 0.45. The company has a current ratio of 2.06, a quick ratio of 2.36 and a debt-to-equity ratio of 0.84. Akamai Technologies, Inc. has a twelve month low of $69.78 and a twelve month high of $156.32. The stock’s fifty day simple moving average is $108.47 and its 200-day simple moving average is $96.43.

Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings results on Thursday, May 7th. The technology infrastructure company reported $1.61 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.61. Akamai Technologies had a return on equity of 12.96% and a net margin of 10.20%.The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the company earned $1.70 EPS. Akamai Technologies’s revenue for the quarter was up 5.8% compared to the same quarter last year. Akamai Technologies has set its FY 2026 guidance at 6.400-7.150 EPS and its Q2 2026 guidance at 1.450-1.650 EPS. As a group, equities analysts expect that Akamai Technologies, Inc. will post 4.15 earnings per share for the current fiscal year.

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.