Akamai Technologies, Inc. $AKAM Stock Position Increased by Retirement Systems of Alabama

Retirement Systems of Alabama increased its position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 116.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 66,206 shares of the technology infrastructure company’s stock after buying an additional 35,664 shares during the quarter. Retirement Systems of Alabama’s holdings in Akamai Technologies were worth $7,041,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Dimensional Fund Advisors LP grew its stake in Akamai Technologies by 11.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,464,793 shares of the technology infrastructure company’s stock valued at $397,881,000 after buying an additional 349,451 shares during the last quarter. Edmond DE Rothschild Holding S.A. acquired a new position in Akamai Technologies during the 2nd quarter worth $222,046,000. Pictet Asset Management Holding SA boosted its holdings in Akamai Technologies by 3.6% during the third quarter. Pictet Asset Management Holding SA now owns 1,731,292 shares of the technology infrastructure company’s stock valued at $184,215,000 after acquiring an additional 59,453 shares during the period. William Blair Investment Management LLC bought a new stake in Akamai Technologies during the second quarter valued at about $181,508,000. Finally, Legal & General Group Plc bought a new stake in Akamai Technologies during the second quarter valued at about $159,564,000. 94.28% of the stock is owned by institutional investors.

Insider Transactions at Akamai Technologies

In other news, EVP Mani Sundaram sold 7,022 shares of the stock in a transaction on Friday, September 25th. The shares were sold at an average price of $125.62, for a total value of $882,103.64. Following the completion of the transaction, the executive vice president owned 14,625 shares in the company, valued at approximately $1,837,192.50. This represents a 32.44% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul C. Joseph sold 3,100 shares of the stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $105.63, for a total transaction of $327,453.00. Following the completion of the transaction, the executive vice president owned 28,472 shares of the company’s stock, valued at approximately $3,007,497.36. This represents a 9.82% decrease in their position. The SEC filing for this sale provides additional information. 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. Company insiders own 2.30% of the company’s stock.

Akamai Technologies Stock Performance

AKAM traded down $1.16 on Friday, hitting $85.40. 5,111,297 shares of the stock traded hands, compared to its average volume of 6,893,247. Akamai Technologies, Inc. has a 52 week low of $77.37 and a 52 week high of $165.45. The company has a current ratio of 2.13, a quick ratio of 1.64 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $12.32 billion, a PE ratio of 33.10, a P/E/G ratio of 2.99 and a beta of 0.65. The business has a fifty day moving average price of $99.32 and a two-hundred day moving average price of $111.91.

Akamai Technologies (NASDAQ:AKAM) last announced its quarterly earnings data on Thursday, November 5th. The technology infrastructure company reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.67 by $0.10. Akamai Technologies had a return on equity of 10.88% and a net margin of 8.84%. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter last year, the company earned $1.86 EPS. The company’s quarterly revenue was up 6.4% on a year-over-year basis. 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, research analysts predict that Akamai Technologies, Inc. will post 3.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AKAM has been the topic of several research analyst reports. President Capital raised their price target on Akamai Technologies from $150.00 to $168.00 and gave the company a “buy” rating in a research report on Wednesday, September 30th. Evercore cut Akamai Technologies from an “outperform” rating to an “in-line” rating and cut their price objective for the stock from $150.00 to $90.00 in a research report on Tuesday. HSBC downgraded Akamai Technologies from a “buy” rating to a “hold” rating and decreased their target price for the company from $171.00 to $123.00 in a research note on Monday, August 10th. FBN Securities reaffirmed an “outperform” rating and issued a $120.00 target price on shares of Akamai Technologies in a report on Friday, November 6th. Finally, Wall Street Zen raised Akamai Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, October 17th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $135.09.

Top Akamai Technologies Stories

Here are a few of the latest stories about AKAM:

• Positive Sentiment: CrowdStrike selected Akamai for security services, providing a customer-validation signal for its security business, though the article does not detail the deal’s financial contribution. CrowdStrike chose Akamai for security
• Neutral Sentiment: Akamai closed a $2.5 billion private convertible-note offering: $1.25 billion due in 2028 and $1.25 billion due in 2031, each with a 1% coupon. The financing supports its cloud buildout, but conversion could dilute shareholders and the notes add future obligations. Akamai convertible-note offering
• Negative Sentiment: Scotiabank lowered its 2026 EPS estimate to $3.47 from $3.55. It retained a Sector Outperform rating and a $120 price target, but the earnings cut may add pressure amid broader analyst concerns. Analyst view on Akamai

About Akamai Technologies

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.