First Trust Advisors LP trimmed its stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM – Free Report) by 29.2% in the 1st quarter, HoldingsChannel reports. The firm owned 4,780,460 shares of the technology infrastructure company’s stock after selling 1,971,540 shares during the quarter. First Trust Advisors LP’s holdings in Akamai Technologies were worth $549,036,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AKAM. Dimensional Fund Advisors LP lifted its holdings in shares of Akamai Technologies by 11.2% in the first quarter. Dimensional Fund Advisors LP now owns 3,464,793 shares of the technology infrastructure company’s stock valued at $397,881,000 after purchasing an additional 349,451 shares in the last quarter. Invesco Ltd. lifted its stake in Akamai Technologies by 5.8% in the 3rd quarter. Invesco Ltd. now owns 3,239,099 shares of the technology infrastructure company’s stock worth $245,394,000 after acquiring an additional 177,756 shares in the last quarter. Norges Bank acquired a new stake in Akamai Technologies during the 4th quarter worth about $192,959,000. Alyeska Investment Group L.P. grew its stake in Akamai Technologies by 34.5% during the 4th quarter. Alyeska Investment Group L.P. now owns 2,197,218 shares of the technology infrastructure company’s stock valued at $191,707,000 after acquiring an additional 563,178 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of Akamai Technologies by 0.6% in the 4th quarter. AQR Capital Management LLC now owns 2,033,094 shares of the technology infrastructure company’s stock valued at $177,387,000 after purchasing an additional 12,748 shares during the period. 94.28% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on AKAM shares. Robert W. Baird reaffirmed a “neutral” rating and set a $110.00 price objective on shares of Akamai Technologies in a research report on Thursday, April 2nd. Scotiabank lifted their target price on shares of Akamai Technologies from $120.00 to $180.00 and gave the company a “sector outperform” rating in a research note on Friday, May 8th. Craig Hallum raised shares of Akamai Technologies from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a research note on Friday, May 8th. Susquehanna lifted their price objective on Akamai Technologies from $120.00 to $175.00 and gave the company a “positive” rating in a research report on Monday, May 11th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Akamai Technologies in a research note on Wednesday, June 24th. Twelve equities research analysts have rated the stock with a Buy rating, eight 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 presently has an average rating of “Hold” and a consensus target price of $145.29.
Akamai Technologies Stock Up 1.4%
Shares of AKAM stock opened at $124.91 on Wednesday. The company has a market capitalization of $18.16 billion, a price-to-earnings ratio of 42.06, a PEG ratio of 3.86 and a beta of 0.63. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.06 and a current ratio of 2.06. The stock’s 50 day simple moving average is $133.14 and its 200 day simple moving average is $113.47. Akamai Technologies, Inc. has a twelve month low of $69.78 and a twelve month high of $165.45.
Akamai Technologies (NASDAQ:AKAM – Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The technology infrastructure company reported $1.61 EPS for the quarter, meeting the consensus estimate of $1.61. Akamai Technologies had a return on equity of 12.96% and a net margin of 10.20%.The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the company posted $1.70 earnings per share. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. 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, research analysts predict that Akamai Technologies, Inc. will post 3.92 EPS for the current year.
Insiders Place Their Bets
In related news, EVP Kim Salem-Jackson sold 2,300 shares of the business’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $135.57, for a total transaction of $311,811.00. Following the transaction, the executive vice president owned 59,210 shares of the company’s stock, valued at approximately $8,027,099.70. The trade was a 3.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Robert Blumofe sold 243 shares of the stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $129.41, for a total transaction of $31,446.63. Following the completion of the sale, the chief technology officer directly owned 31,006 shares of the company’s stock, valued at approximately $4,012,486.46. This trade represents a 0.78% 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. 2.30% of the stock is owned by insiders.
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.
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