Hsbc Holdings PLC Decreases Holdings in Akamai Technologies, Inc. $AKAM

Hsbc Holdings PLC reduced its stake in Akamai Technologies, Inc. (NASDAQ:AKAM) by 47.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 174,497 shares of the technology infrastructure company’s stock after selling 154,661 shares during the period. Hsbc Holdings PLC’s holdings in Akamai Technologies were worth $15,238,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its stake in shares of Akamai Technologies by 101.4% during the fourth quarter. Brighton Jones LLC now owns 4,016 shares of the technology infrastructure company’s stock worth $384,000 after purchasing an additional 2,022 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of Akamai Technologies by 35.2% in the first quarter. Jones Financial Companies Lllp now owns 1,087 shares of the technology infrastructure company’s stock valued at $88,000 after buying an additional 283 shares in the last quarter. United Services Automobile Association acquired a new stake in shares of Akamai Technologies in the first quarter valued at about $266,000. Empowered Funds LLC raised its holdings in shares of Akamai Technologies by 73.0% during the 1st quarter. Empowered Funds LLC now owns 7,134 shares of the technology infrastructure company’s stock valued at $574,000 after buying an additional 3,010 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in Akamai Technologies by 152.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,163 shares of the technology infrastructure company’s stock worth $93,000 after acquiring an additional 703 shares in the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Akamai Technologies news, EVP Kim Salem-Jackson sold 2,300 shares of the stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $135.57, for a total transaction of $311,811.00. Following the transaction, the executive vice president directly owned 59,210 shares in the company, valued at $8,027,099.70. This represents a 3.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Robert Blumofe sold 243 shares of the firm’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $129.41, for a total transaction of $31,446.63. Following the transaction, the chief technology officer directly owned 31,006 shares of the company’s stock, valued at approximately $4,012,486.46. This represents a 0.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Citigroup increased their price objective on shares of Akamai Technologies from $110.00 to $160.00 and gave the company a “neutral” rating in a research report on Friday, May 15th. The Goldman Sachs Group upped their target price on shares of Akamai Technologies from $76.00 to $87.00 and gave the company a “sell” rating in a research note on Friday, May 8th. Guggenheim raised their price target on shares of Akamai Technologies from $133.00 to $181.00 and gave the company a “buy” rating in a report on Friday, May 8th. Robert W. Baird reaffirmed a “neutral” rating and set a $110.00 price target on shares of Akamai Technologies in a research note on Thursday, April 2nd. Finally, UBS Group boosted their price objective on shares of Akamai Technologies from $110.00 to $160.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Twelve research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $145.29.

Akamai Technologies Price Performance

AKAM stock opened at $112.89 on Friday. The stock’s 50 day moving average is $129.46 and its two-hundred day moving average is $109.42. Akamai Technologies, Inc. has a 52-week low of $69.78 and a 52-week high of $165.45. The company has a market capitalization of $16.41 billion, a PE ratio of 38.01, a P/E/G ratio of 3.73 and a beta of 0.60. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.84.

Akamai Technologies (NASDAQ:AKAM) last released its earnings results on Thursday, May 7th. The technology infrastructure company reported $1.61 EPS for the quarter, meeting the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the prior year, the business posted $1.70 EPS. The business’s revenue was up 5.8% on a year-over-year basis. 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. Analysts predict that Akamai Technologies, Inc. will post 3.93 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.