Akamai Technologies, Inc. $AKAM Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp cut its position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 2.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,298,755 shares of the technology infrastructure company’s stock after selling 57,316 shares during the quarter. Mackenzie Financial Corp owned about 1.60% of Akamai Technologies worth $174,154,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. boosted its holdings in Akamai Technologies by 295.3% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 336 shares of the technology infrastructure company’s stock valued at $26,000 after purchasing an additional 251 shares during the period. TD Waterhouse Canada Inc. boosted its position in Akamai Technologies by 130.0% in the third quarter. TD Waterhouse Canada Inc. now owns 345 shares of the technology infrastructure company’s stock worth $26,000 after purchasing an additional 195 shares during the last quarter. Smartleaf Asset Management LLC grew its position in Akamai Technologies by 566.7% during 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 during the period. Wolff Wiese Magana LLC grew its position in shares of Akamai Technologies by 497.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 400 shares of the technology infrastructure company’s stock valued at $30,000 after acquiring an additional 333 shares during the period. Finally, Atlantic Union Bankshares Corp purchased a new stake in Akamai Technologies in the third quarter worth $30,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Insider Buying and Selling at Akamai Technologies

In other Akamai Technologies news, EVP Mani Sundaram sold 1,722 shares of the stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $98.58, for a total value of $169,754.76. Following the completion of the sale, the executive vice president owned 21,647 shares in the company, valued at $2,133,961.26. This represents a 7.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Robert Blumofe sold 3,500 shares of the firm’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $108.00, for a total transaction of $378,000.00. Following the completion of the transaction, the chief technology officer owned 14,574 shares in the company, valued at $1,573,992. The trade was a 19.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 60,834 shares of company stock valued at $5,982,684 over the last 90 days. 2.00% of the stock is owned by insiders.

Akamai Technologies Stock Up 2.3%

AKAM stock opened at $104.50 on Wednesday. Akamai Technologies, Inc. has a 12 month low of $67.51 and a 12 month high of $113.50. The company has a fifty day moving average price of $96.59 and a 200 day moving average price of $86.39. 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 company has a market cap of $15.15 billion, a price-to-earnings ratio of 33.93, a price-to-earnings-growth ratio of 3.44 and a beta of 0.72.

Akamai Technologies (NASDAQ:AKAM) last released its earnings results on Thursday, February 19th. The technology infrastructure company reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.09. Akamai Technologies had a net margin of 10.74% and a return on equity of 13.86%. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period in the prior year, the firm earned $1.66 EPS. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. 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 expect that Akamai Technologies, Inc. will post 4.6 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on AKAM shares. Piper Sandler upped their price target on shares of Akamai Technologies from $89.00 to $97.00 and gave the company a “neutral” rating in a research note on Monday, February 23rd. Scotiabank upped their target price on Akamai Technologies from $105.00 to $120.00 and gave the stock a “sector outperform” rating in a research note on Friday, February 20th. DA Davidson raised their price target on Akamai Technologies from $115.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Susquehanna lifted their price target on Akamai Technologies from $105.00 to $120.00 and gave the company a “positive” rating in a research report on Friday, February 20th. Finally, The Goldman Sachs Group boosted their price objective on Akamai Technologies from $69.00 to $76.00 and gave the stock a “sell” rating in a report on Friday, February 20th. Ten research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $108.84.

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.