Connor Clark & Lunn Investment Management Ltd. Has $38.86 Million Holdings in Akamai Technologies, Inc. $AKAM

Connor Clark & Lunn Investment Management Ltd. lessened its position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 12.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 512,898 shares of the technology infrastructure company’s stock after selling 72,428 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Akamai Technologies were worth $38,857,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC boosted its position in shares of Akamai Technologies by 101.4% during the fourth quarter. Brighton Jones LLC now owns 4,016 shares of the technology infrastructure company’s stock worth $384,000 after buying an additional 2,022 shares during the period. Jones Financial Companies Lllp raised its position in Akamai Technologies by 35.2% in the 1st quarter. Jones Financial Companies Lllp now owns 1,087 shares of the technology infrastructure company’s stock valued at $88,000 after buying an additional 283 shares during the last quarter. United Services Automobile Association acquired a new stake in Akamai Technologies in the 1st quarter valued at approximately $266,000. Empowered Funds LLC lifted its stake in Akamai Technologies by 73.0% in the 1st quarter. Empowered Funds LLC now owns 7,134 shares of the technology infrastructure company’s stock valued at $574,000 after acquiring an additional 3,010 shares in the last quarter. Finally, Savant Capital LLC bought a new stake in Akamai Technologies in the 2nd quarter valued at approximately $309,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Insider Buying and Selling

In related news, EVP Mani Sundaram sold 8,642 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $101.25, for a total value of $875,002.50. Following the completion of the sale, the executive vice president directly owned 19,923 shares in the company, valued at approximately $2,017,203.75. This trade represents a 30.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jon Miller sold 11,000 shares of Akamai Technologies stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $102.67, for a total value of $1,129,370.00. Following the transaction, the director owned 22,806 shares of the company’s stock, valued at $2,341,492.02. The trade was a 32.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 75,834 shares of company stock worth $7,547,034. Corporate insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AKAM. Evercore raised their price target on shares of Akamai Technologies from $105.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. KeyCorp boosted their price objective on shares of Akamai Technologies from $115.00 to $120.00 and gave the stock an “overweight” rating in a research report on Friday, February 20th. Robert W. Baird increased their target price 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Akamai Technologies in a research report on Monday, December 29th. Finally, Oppenheimer boosted their price target on shares of Akamai Technologies from $100.00 to $115.00 and gave the stock an “outperform” rating in a research report on Thursday, February 5th. Ten analysts have rated the stock with a Buy rating, nine have issued 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 a consensus rating of “Hold” and a consensus price target of $109.89.

Akamai Technologies Trading Down 0.9%

NASDAQ AKAM opened at $105.47 on Friday. The company has a market cap of $15.29 billion, a PE ratio of 34.24, a PEG ratio of 3.59 and a beta of 0.72. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 0.82. Akamai Technologies, Inc. has a 12 month low of $67.51 and a 12 month high of $113.50. The stock has a 50 day moving average of $97.34 and a 200-day moving average of $86.66.

Akamai Technologies (NASDAQ:AKAM) last issued its earnings results on Thursday, February 19th. The technology infrastructure company reported $1.84 earnings per share for the quarter, topping 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 business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the company earned $1.66 earnings per share. The firm’s revenue for the quarter 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. On average, equities research analysts anticipate that Akamai Technologies, Inc. will post 4.6 EPS for the current fiscal year.

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.