Akamai Technologies, Inc. $AKAM Stock: Pictet Asset Management Holding SA Grows Stake

Pictet Asset Management Holding SA increased its holdings in Akamai Technologies, Inc. (NASDAQ:AKAM) by 3.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,731,292 shares of the technology infrastructure company’s stock after acquiring an additional 59,453 shares during the quarter. Pictet Asset Management Holding SA owned approximately 1.20% of Akamai Technologies worth $184,215,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Latitude Advisors LLC purchased a new position in Akamai Technologies during the 3rd quarter valued at about $26,000. Farmers & Merchants Investments Inc. lifted its position in shares of Akamai Technologies by 153.7% in the 3rd quarter. Farmers & Merchants Investments Inc. now owns 274 shares of the technology infrastructure company’s stock worth $29,000 after purchasing an additional 166 shares during the period. Silvant Capital Management LLC purchased a new stake in shares of Akamai Technologies in the 2nd quarter worth approximately $32,000. Provenance Wealth Advisors LLC purchased a new stake in shares of Akamai Technologies in the 3rd quarter worth approximately $51,000. Finally, Persistent Asset Partners Ltd bought a new position in shares of Akamai Technologies during the second quarter valued at approximately $54,000. 94.28% of the stock is currently owned by institutional investors.

Key Headlines Impacting Akamai Technologies

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

• Positive Sentiment: Third-quarter adjusted earnings of $1.77 per share topped the $1.67 consensus, while revenue rose 6.4% year over year to $1.12 billion, in line with expectations. Growth in cybersecurity and cloud services supported results. Article
• Positive Sentiment: Investors also have a longer-term growth narrative: Akamai highlighted AI-cloud business, including an Anthropic deal, and expects 2027 cloud infrastructure services revenue of $1.1 billion–$1.3 billion. Article
• Neutral Sentiment: Analyst views remain positive but targets were reduced: DA Davidson cut its target to $125 and KeyCorp to $175, both retaining favorable ratings; Susquehanna lowered its target to $90 while keeping a positive rating.
• Negative Sentiment: Near-term guidance may temper optimism. Fourth-quarter revenue guidance of $1.1 billion–$1.2 billion tops out below the $1.2 billion consensus, and the EPS range includes outcomes below the $1.63 estimate. Akamai also cited higher infrastructure costs and a shift in the timing of some Anthropic-related revenue; quarterly EPS declined from $1.86 a year ago. Article

Insiders Place Their Bets

In other Akamai Technologies news, EVP Kim Salem-Jackson sold 2,013 shares of Akamai Technologies stock in a transaction on Friday, September 25th. The shares were sold at an average price of $128.00, for a total value of $257,664.00. Following the transaction, the executive vice president directly owned 57,197 shares of the company’s stock, valued at approximately $7,321,216. The trade was a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul Joseph sold 3,100 shares of the company’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $105.63, for a total value of $327,453.00. Following the transaction, the executive vice president directly owned 28,472 shares in the company, valued at approximately $3,007,497.36. The trade was a 9.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 12,135 shares of company stock valued at $1,467,221. 2.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on AKAM shares. Citigroup cut their price objective on shares of Akamai Technologies from $160.00 to $122.00 and set a “neutral” rating on the stock in a report on Friday, September 4th. DA Davidson lowered their target price on Akamai Technologies from $150.00 to $125.00 and set a “buy” rating for the company in a report on Friday. Evercore restated an “outperform” rating and set a $150.00 target price on shares of Akamai Technologies in a report on Friday. Weiss Ratings cut Akamai Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, October 19th. Finally, HSBC downgraded Akamai Technologies from a “buy” rating to a “hold” rating and cut their price target for the company from $171.00 to $123.00 in a report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Akamai Technologies has a consensus rating of “Moderate Buy” and an average price target of $138.64.

Akamai Technologies Stock Performance

AKAM stock opened at $83.09 on Monday. Akamai Technologies, Inc. has a one year low of $76.75 and a one year high of $165.45. The firm has a market cap of $11.94 billion, a price-to-earnings ratio of 32.21, a PEG ratio of 3.91 and a beta of 0.65. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.64 and a current ratio of 2.13. The firm has a 50-day simple moving average of $101.55 and a two-hundred day simple moving average of $112.24.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings data on Thursday, November 5th. The technology infrastructure company reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.67 by $0.10. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.12 billion. Akamai Technologies had a net margin of 8.84% and a return on equity of 10.88%. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.86 EPS. Akamai Technologies has set its FY 2026 guidance at 6.470-6.680 EPS and its Q4 2026 guidance at 1.500-1.700 EPS. On average, equities analysts forecast that Akamai Technologies, Inc. will post 3.58 EPS for the current fiscal year.

Akamai Technologies Company Profile

Akamai Technologies is a technology company that provides cloud computing, cybersecurity and content delivery services. Its distributed platform helps businesses deliver digital content and applications, protect online operations and run workloads closer to users and devices.

The company’s offerings include web and application performance services, protection against cyberattacks, application and API security, and cloud infrastructure through Akamai Connected Cloud. Its services support organizations seeking to improve the speed, availability and security of their websites, applications and online services.

Founded in 1998, Akamai grew from a content delivery network provider into a broader cloud and security company.