Akamai Technologies, Inc. $AKAM Shares Sold by State of Michigan Retirement System

State of Michigan Retirement System reduced its stake in Akamai Technologies, Inc. (NASDAQ:AKAM) by 19.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,489 shares of the technology infrastructure company’s stock after selling 9,300 shares during the period. State of Michigan Retirement System’s holdings in Akamai Technologies were worth $3,271,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Nordea Investment Management AB lifted 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 worth $258,739,000 after acquiring an additional 980,966 shares during the period. Invesco Ltd. lifted its stake in Akamai Technologies by 5.8% during the third quarter. Invesco Ltd. now owns 3,239,099 shares of the technology infrastructure company’s stock valued at $245,394,000 after purchasing an additional 177,756 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Akamai Technologies by 35.6% during the third 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. AQR Capital Management LLC lifted its stake in Akamai Technologies by 522.8% during the third 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. Finally, Alyeska Investment Group L.P. lifted its stake in Akamai Technologies by 570.0% during the third 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. 94.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on AKAM shares. Scotiabank increased their target price on shares of Akamai Technologies from $105.00 to $120.00 and gave the company a “sector outperform” rating in a research note on Friday, February 20th. Morgan Stanley increased their target price on shares of Akamai Technologies from $115.00 to $120.00 and gave the company an “overweight” rating in a research note on Friday, February 20th. DA Davidson increased their target price on shares of Akamai Technologies from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Citigroup increased their target price on shares of Akamai Technologies from $103.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Finally, TD Cowen cut their target price on shares of Akamai Technologies from $104.00 to $100.00 and set a “hold” rating for the company in a research note on Friday, February 20th. Nine investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Akamai Technologies has an average rating of “Hold” and an average price target of $112.37.

Akamai Technologies Stock Up 3.2%

AKAM stock opened at $102.98 on Friday. Akamai Technologies, Inc. has a 52-week low of $69.78 and a 52-week high of $121.12. The company’s 50 day simple moving average is $104.16 and its 200-day simple moving average is $93.61. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.36 and a quick ratio of 2.36. The firm has a market capitalization of $14.93 billion, a P/E ratio of 33.44, a P/E/G ratio of 3.43 and a beta of 0.59.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings results on Thursday, February 19th. The technology infrastructure company reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 in the previous year, the business earned $1.66 earnings per share. The firm’s 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, equities research analysts anticipate that Akamai Technologies, Inc. will post 4.17 EPS for the current year.

Insider Buying and Selling at Akamai Technologies

In other news, EVP Anthony P. Williams sold 15,000 shares of the business’s 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 sale, the executive vice president owned 22,064 shares in the company, valued at $2,301,054.56. The trade was a 40.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jon Miller sold 11,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $102.67, for a total transaction of $1,129,370.00. Following the completion of the transaction, the director owned 22,806 shares in the company, valued at approximately $2,341,492.02. This represents a 32.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 57,454 shares of company stock valued at $5,889,371 over the last three months. 2.30% of the stock is owned by insiders.

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.