Pictet Asset Management Holding SA lifted its stake in Akamai Technologies, Inc. (NASDAQ:AKAM – Free Report) by 3.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,731,292 shares of the technology infrastructure company’s stock after purchasing an additional 59,453 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Akamai Technologies were worth $184,215,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Latitude Advisors LLC purchased a new stake in Akamai Technologies during the 3rd quarter worth approximately $26,000. Farmers & Merchants Investments Inc. increased its stake in Akamai Technologies by 153.7% during the 3rd quarter. Farmers & Merchants Investments Inc. now owns 274 shares of the technology infrastructure company’s stock valued at $29,000 after purchasing an additional 166 shares in the last quarter. Silvant Capital Management LLC purchased a new position in shares of Akamai Technologies in the second quarter worth $32,000. Provenance Wealth Advisors LLC purchased a new position in shares of Akamai Technologies in the third quarter worth $51,000. Finally, Persistent Asset Partners Ltd purchased a new position in shares of Akamai Technologies in the second quarter worth $54,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other Akamai Technologies news, EVP Kim Salem-Jackson sold 2,013 shares of the company’s stock in a transaction on Friday, September 25th. The shares were sold at an average price of $128.00, for a total value of $257,664.00. Following the sale, the executive vice president directly owned 57,197 shares of the company’s stock, valued at approximately $7,321,216. This represents a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 dated Tuesday, September 15th. The stock was sold at an average price of $105.63, for a total value of $327,453.00. Following the sale, the executive vice president directly owned 28,472 shares in the company, valued at $3,007,497.36. This represents a 9.82% 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. Insiders sold a total of 12,135 shares of company stock valued at $1,467,221 over the last 90 days. Insiders own 2.30% of the company’s stock.
Akamai Technologies Stock Performance
AKAM opened at $83.09 on Monday. Akamai Technologies, Inc. has a 12-month low of $76.75 and a 12-month 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 $11.94 billion, a PE ratio of 32.21, a P/E/G ratio of 3.91 and a beta of 0.65. The firm has a 50 day moving average of $101.55 and a two-hundred day moving average of $112.24.
Akamai Technologies (NASDAQ:AKAM – Get Free Report) last announced its quarterly earnings data on Thursday, November 5th. The technology infrastructure company reported $1.77 EPS for the quarter, beating the consensus estimate of $1.67 by $0.10. The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Akamai Technologies had a net margin of 8.84% and a return on equity of 10.88%. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.86 EPS. 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, analysts anticipate that Akamai Technologies, Inc. will post 3.58 EPS for the current year.
Analysts Set New Price Targets
AKAM has been the topic of a number of research analyst reports. TD Cowen boosted their price objective on shares of Akamai Technologies from $140.00 to $149.00 and gave the company a “hold” rating in a report on Friday, September 25th. President Capital raised their target price on Akamai Technologies from $150.00 to $168.00 and gave the stock a “buy” rating in a research note on Wednesday, September 30th. Piper Sandler reaffirmed an “overweight” rating on shares of Akamai Technologies in a research report on Friday. KeyCorp lowered their price target on Akamai Technologies from $195.00 to $175.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Morgan Stanley dropped their price target on Akamai Technologies from $165.00 to $149.00 and set an “overweight” rating on the stock in a research note on Monday, November 2nd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $138.64.
Check Out Our Latest Stock Report on Akamai Technologies
More Akamai Technologies News
Here are the key news stories impacting Akamai Technologies this week:
- Positive Sentiment: Third-quarter adjusted earnings of $1.77 per share topped the $1.67 consensus, while revenue rose 6.4% year over year to $1.12 billion, in line with expectations. Growth in cybersecurity and cloud services supported results. Article
- Positive Sentiment: Investors also have a longer-term growth narrative: Akamai highlighted AI-cloud business, including an Anthropic deal, and expects 2027 cloud infrastructure services revenue of $1.1 billion–$1.3 billion. Article
- Neutral Sentiment: Analyst views remain positive but targets were reduced: DA Davidson cut its target to $125 and KeyCorp to $175, both retaining favorable ratings; Susquehanna lowered its target to $90 while keeping a positive rating.
- Negative Sentiment: Near-term guidance may temper optimism. Fourth-quarter revenue guidance of $1.1 billion–$1.2 billion tops out below the $1.2 billion consensus, and the EPS range includes outcomes below the $1.63 estimate. Akamai also cited higher infrastructure costs and a shift in the timing of some Anthropic-related revenue; quarterly EPS declined from $1.86 a year ago. Article
Akamai Technologies Company Profile
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.
Founded in 1998, Akamai grew from a content delivery network provider into a broader cloud and security company.
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