Vinva Investment Management Ltd raised its holdings in Akamai Technologies, Inc. (NASDAQ:AKAM – Free Report) by 664.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 310,317 shares of the technology infrastructure company’s stock after purchasing an additional 269,704 shares during the quarter. Vinva Investment Management Ltd’s holdings in Akamai Technologies were worth $24,121,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Akamai Technologies by 295.3% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 336 shares of the technology infrastructure company’s stock worth $26,000 after buying an additional 251 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Akamai Technologies by 566.7% in the third quarter. Smartleaf Asset Management LLC now owns 340 shares of the technology infrastructure company’s stock valued at $26,000 after buying an additional 289 shares in the last quarter. TD Waterhouse Canada Inc. boosted its stake in shares of Akamai Technologies by 130.0% in the third quarter. TD Waterhouse Canada Inc. now owns 345 shares of the technology infrastructure company’s stock valued at $26,000 after buying an additional 195 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new position in Akamai Technologies during the third quarter worth $30,000. Finally, CYBER HORNET ETFs LLC acquired a new position in Akamai Technologies during the second quarter worth $32,000. Institutional investors and hedge funds own 94.28% of the company’s stock.
Analyst Ratings Changes
A number of research firms have commented on AKAM. Raymond James Financial raised their target price on Akamai Technologies from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, February 23rd. TD Cowen lowered their price target on shares of Akamai Technologies from $104.00 to $100.00 and set a “hold” rating on the stock in a research note on Friday, February 20th. Royal Bank Of Canada increased their price target on shares of Akamai Technologies from $90.00 to $100.00 and gave the company a “sector perform” rating in a report on Friday, February 20th. The Goldman Sachs Group raised their price objective on shares of Akamai Technologies from $69.00 to $76.00 and gave the company a “sell” rating in a research note on Friday, February 20th. Finally, Robert W. Baird boosted their price objective on shares of Akamai Technologies from $90.00 to $110.00 and gave the stock an “outperform” rating in a report on Friday, February 20th. Ten equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $108.84.
Insider Activity at Akamai Technologies
In related news, EVP Mani Sundaram sold 8,642 shares of the company’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $101.25, for a total value of $875,002.50. Following the completion of the transaction, the executive vice president directly owned 19,923 shares in the company, valued at approximately $2,017,203.75. This represents a 30.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Laura Howell sold 11,273 shares of the stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $100.14, for a total value of $1,128,878.22. Following the transaction, the chief accounting officer owned 12,559 shares in the company, valued at $1,257,658.26. This trade represents a 47.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 59,112 shares of company stock worth $5,812,929. Company insiders own 2.00% of the company’s stock.
Akamai Technologies Trading Down 1.1%
Shares of Akamai Technologies stock opened at $99.89 on Friday. Akamai Technologies, Inc. has a 1 year low of $67.51 and a 1 year high of $113.50. 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 business has a 50 day moving average price of $95.98 and a 200 day moving average price of $85.95. The company has a market capitalization of $14.47 billion, a P/E ratio of 32.43, a P/E/G ratio of 3.37 and a beta of 0.72.
Akamai Technologies (NASDAQ:AKAM – Get Free Report) last announced its earnings results on Thursday, February 19th. The technology infrastructure company reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.09. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.08 billion. Akamai Technologies had a net margin of 10.74% and a return on equity of 13.86%. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.66 EPS. 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. Sell-side analysts anticipate that Akamai Technologies, Inc. will post 4.6 EPS for the current fiscal year.
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.
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