Akamai Technologies, Inc. $AKAM Stock Acquired by New York Life Investment Management LLC

New York Life Investment Management LLC raised its position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 80.1% in the third quarter, HoldingsChannel reports. The firm owned 64,626 shares of the technology infrastructure company’s stock after buying an additional 28,752 shares during the quarter. New York Life Investment Management LLC’s holdings in Akamai Technologies were worth $6,873,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Edmond DE Rothschild Holding S.A. bought a new position in shares of Akamai Technologies in the 2nd quarter worth approximately $222,046,000. William Blair Investment Management LLC bought a new stake in Akamai Technologies during the second quarter valued at approximately $181,508,000. Legal & General Group Plc bought a new stake in Akamai Technologies during the second quarter valued at approximately $159,564,000. Atreides Management LP purchased a new stake in Akamai Technologies during the second quarter valued at approximately $107,640,000. Finally, Southpoint Capital Advisors LP purchased a new stake in Akamai Technologies during the first quarter valued at approximately $91,880,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AKAM. Raymond James Financial upgraded shares of Akamai Technologies from an “outperform” rating to a “strong-buy” rating and set a $170.00 price target on the stock in a research note on Tuesday, October 20th. FBN Securities restated an “outperform” rating and issued a $120.00 price objective on shares of Akamai Technologies in a research note on Friday, November 6th. Weiss Ratings raised Akamai Technologies from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday. Royal Bank Of Canada decreased their target price on Akamai Technologies from $135.00 to $85.00 and set a “sector perform” rating on the stock in a report on Friday, November 6th. Finally, Citigroup lowered their target price on Akamai Technologies from $160.00 to $122.00 and set a “neutral” rating on the stock in a research report on Friday, September 4th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $135.09.

Insider Activity

In related news, EVP Mani Sundaram sold 7,022 shares of the firm’s stock in a transaction dated Friday, September 25th. The shares were sold at an average price of $125.62, for a total value of $882,103.64. Following the transaction, the executive vice president owned 14,625 shares of the company’s stock, valued at $1,837,192.50. This trade represents a 32.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kim Salem-Jackson sold 2,013 shares of Akamai Technologies stock in a transaction dated Friday, September 25th. The shares were sold at an average price of $128.00, for a total transaction of $257,664.00. Following the sale, the executive vice president owned 57,197 shares of the company’s stock, valued at $7,321,216. The trade was a 3.40% decrease in their position. 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. Over the last ninety days, insiders sold 12,135 shares of company stock valued at $1,467,221. 2.30% of the stock is currently owned by company insiders.

Akamai Technologies Price Performance

AKAM opened at $86.56 on Friday. The business has a fifty day moving average of $99.75 and a 200 day moving average of $112.00. Akamai Technologies, Inc. has a 52-week low of $77.37 and a 52-week high of $165.45. The company has a quick ratio of 1.64, a current ratio of 2.13 and a debt-to-equity ratio of 1.25. The stock has a market cap of $12.48 billion, a P/E ratio of 33.55, a PEG ratio of 2.99 and a beta of 0.65.

Akamai Technologies (NASDAQ:AKAM) last released its earnings results on Thursday, November 5th. The technology infrastructure company reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates of $1.67 by $0.10. Akamai Technologies had a return on equity of 10.88% and a net margin of 8.84%. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter last year, the firm posted $1.86 earnings per share. The business’s revenue was up 6.4% compared to the same quarter last year. 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. As a group, sell-side analysts anticipate that Akamai Technologies, Inc. will post 3.58 EPS for the current year.

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.