Banque Cantonale Vaudoise Sells 7,983 Shares of Akamai Technologies, Inc. $AKAM

Banque Cantonale Vaudoise cut its position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 19.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 32,208 shares of the technology infrastructure company’s stock after selling 7,983 shares during the period. Banque Cantonale Vaudoise’s holdings in Akamai Technologies were worth $3,699,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in AKAM. Kercheville Advisors LLC raised its position in Akamai Technologies by 49.5% in the 1st quarter. Kercheville Advisors LLC now owns 6,950 shares of the technology infrastructure company’s stock worth $798,000 after purchasing an additional 2,300 shares during the period. Bar Harbor Wealth Management purchased a new position in shares of Akamai Technologies during the first quarter valued at approximately $1,302,000. Davis Capital Management lifted its stake in shares of Akamai Technologies by 2.9% during the 1st quarter. Davis Capital Management now owns 13,277 shares of the technology infrastructure company’s stock worth $1,525,000 after acquiring an additional 370 shares during the last quarter. E. Ohman J or Asset Management AB purchased a new position in Akamai Technologies during the 1st quarter valued at $15,849,000. Finally, World Investment Advisors purchased a new position in Akamai Technologies during the 4th quarter valued at $251,000. 94.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on AKAM shares. Citigroup upped their price target on shares of Akamai Technologies from $110.00 to $160.00 and gave the stock a “neutral” rating in a report on Friday, May 15th. Royal Bank Of Canada lifted their price objective on shares of Akamai Technologies from $100.00 to $150.00 and gave the company a “sector perform” rating in a report on Friday, May 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Akamai Technologies in a research report on Friday, March 27th. Guggenheim upped their target price on shares of Akamai Technologies from $133.00 to $181.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Finally, Zacks Research lowered shares of Akamai Technologies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. Twelve investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $145.29.

Insider Buying and Selling

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

Akamai Technologies Stock Performance

AKAM stock opened at $112.89 on Friday. Akamai Technologies, Inc. has a 1-year low of $69.78 and a 1-year high of $165.45. The business has a 50-day moving average price of $129.46 and a 200 day moving average price of $109.42. The company has a market capitalization of $16.41 billion, a P/E ratio of 38.01, a PEG ratio of 3.73 and a beta of 0.60. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.06 and a quick ratio of 2.06.

Akamai Technologies (NASDAQ:AKAM) last issued its earnings results on Thursday, May 7th. The technology infrastructure company reported $1.61 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.61. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Akamai Technologies had a net margin of 10.20% and a return on equity of 12.96%. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.70 EPS. 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. As a group, equities research analysts forecast that Akamai Technologies, Inc. will post 3.93 EPS for the current fiscal year.

Akamai Technologies Company 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.