Akamai Technologies, Inc. $AKAM Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 4.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 123,701 shares of the technology infrastructure company’s stock after selling 6,426 shares during the period. New York State Teachers Retirement System owned 0.09% of Akamai Technologies worth $10,793,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Assetmark Inc. boosted its holdings in shares of Akamai Technologies by 31.8% during the 4th quarter. Assetmark Inc. now owns 444 shares of the technology infrastructure company’s stock worth $39,000 after purchasing an additional 107 shares during the last quarter. Perigon Wealth Management LLC boosted its holdings in shares of Akamai Technologies by 2.1% during the 4th quarter. Perigon Wealth Management LLC now owns 5,502 shares of the technology infrastructure company’s stock worth $480,000 after purchasing an additional 115 shares during the last quarter. Siemens Fonds Invest GmbH boosted its holdings in shares of Akamai Technologies by 8.3% during the 3rd quarter. Siemens Fonds Invest GmbH now owns 2,043 shares of the technology infrastructure company’s stock worth $155,000 after purchasing an additional 156 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings in Akamai Technologies by 24.3% in the third quarter. Hantz Financial Services Inc. now owns 830 shares of the technology infrastructure company’s stock valued at $63,000 after acquiring an additional 162 shares during the last quarter. Finally, Wealthfront Advisers LLC lifted its holdings in Akamai Technologies by 3.9% in the fourth quarter. Wealthfront Advisers LLC now owns 5,049 shares of the technology infrastructure company’s stock valued at $441,000 after acquiring an additional 189 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Akamai Technologies

In other news, Director Jon Miller sold 11,000 shares of the company’s stock in a transaction 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 sale, the director owned 22,806 shares of the company’s stock, valued at approximately $2,341,492.02. This represents a 32.54% 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, EVP Anthony P. Williams sold 15,000 shares of the company’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $104.29, for a total value of $1,564,350.00. Following the sale, the executive vice president directly owned 22,064 shares in the company, valued at $2,301,054.56. This represents a 40.47% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 57,454 shares of company stock valued at $5,889,371. Insiders own 2.30% of the company’s stock.

Akamai Technologies Stock Up 1.8%

NASDAQ:AKAM opened at $105.78 on Tuesday. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.82. The stock’s fifty day moving average is $104.16 and its two-hundred day moving average is $93.88. Akamai Technologies, Inc. has a 52 week low of $69.78 and a 52 week high of $121.12. The stock has a market capitalization of $15.34 billion, a price-to-earnings ratio of 34.34, a price-to-earnings-growth ratio of 3.57 and a beta of 0.45.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings results on Thursday, February 19th. The technology infrastructure company reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.09. Akamai Technologies had a return on equity of 13.86% and a net margin of 10.74%.The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the prior year, the firm 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. Research analysts anticipate that Akamai Technologies, Inc. will post 4.17 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Piper Sandler increased their price objective on Akamai Technologies from $97.00 to $114.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 7th. Morgan Stanley lifted their target price on Akamai Technologies from $115.00 to $120.00 and gave the company an “overweight” rating in a research report on Friday, February 20th. UBS Group lifted their target price on Akamai Technologies from $90.00 to $110.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Evercore initiated coverage on Akamai Technologies in a research report on Tuesday, April 14th. They issued an “outperform” rating and a $130.00 target price on the stock. Finally, KeyCorp lifted their target price on Akamai Technologies from $115.00 to $120.00 and gave the company an “overweight” rating in a research report on Friday, February 20th. Nine equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $112.37.

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.