Rockefeller Capital Management L.P. Sells 9,398 Shares of Akamai Technologies, Inc. $AKAM

Rockefeller Capital Management L.P. trimmed its holdings in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 18.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 41,732 shares of the technology infrastructure company’s stock after selling 9,398 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Akamai Technologies were worth $3,641,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC boosted its position in shares of Akamai Technologies by 101.4% in the 4th quarter. Brighton Jones LLC now owns 4,016 shares of the technology infrastructure company’s stock worth $384,000 after purchasing an additional 2,022 shares in the last quarter. Jones Financial Companies Lllp increased its position in Akamai Technologies by 35.2% during 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 in the last quarter. United Services Automobile Association purchased a new stake in Akamai Technologies in the first quarter valued at about $266,000. Empowered Funds LLC raised its stake in Akamai Technologies by 73.0% in the first quarter. Empowered Funds LLC now owns 7,134 shares of the technology infrastructure company’s stock valued at $574,000 after buying an additional 3,010 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in Akamai Technologies by 152.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,163 shares of the technology infrastructure company’s stock worth $93,000 after acquiring an additional 703 shares in the last quarter. 94.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Morgan Stanley upped their price target on shares of Akamai Technologies from $120.00 to $165.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Guggenheim boosted their price objective on shares of Akamai Technologies from $133.00 to $181.00 and gave the company a “buy” rating in a report on Friday, May 8th. Evercore assumed coverage on Akamai Technologies in a research report on Tuesday, April 14th. They issued an “outperform” rating and a $130.00 target price on the stock. Royal Bank Of Canada raised their target price on Akamai Technologies from $100.00 to $150.00 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. Finally, Citigroup lifted their price target on Akamai Technologies from $110.00 to $160.00 and gave the stock a “neutral” rating in a research report on Friday, May 15th. Twelve analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $145.29.

Akamai Technologies Stock Up 0.4%

AKAM stock opened at $113.29 on Friday. Akamai Technologies, Inc. has a one year low of $69.78 and a one year high of $165.45. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.06 and a current ratio of 2.06. The firm’s fifty day moving average is $129.92 and its 200 day moving average is $109.44. The firm has a market cap of $16.47 billion, a PE ratio of 38.14, a P/E/G ratio of 3.54 and a beta of 0.60.

Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings data on Thursday, May 7th. The technology infrastructure company reported $1.61 EPS for the quarter, meeting analysts’ consensus estimates of $1.61. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Akamai Technologies had a return on equity of 12.96% and a net margin of 10.20%.The business’s revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.70 earnings per share. Akamai Technologies has set its FY 2026 guidance at 6.400-7.150 EPS and its Q2 2026 guidance at 1.450-1.650 EPS. On average, research analysts forecast that Akamai Technologies, Inc. will post 3.93 EPS for the current year.

Insider Buying and Selling at Akamai Technologies

In other Akamai Technologies news, EVP Kim Salem-Jackson sold 2,300 shares of the company’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $135.57, for a total transaction of $311,811.00. Following the completion of the transaction, the executive vice president directly owned 59,210 shares in the company, valued at approximately $8,027,099.70. This represents a 3.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Robert Blumofe sold 243 shares of the stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $129.41, for a total transaction of $31,446.63. Following the transaction, the chief technology officer directly owned 31,006 shares in the company, valued at approximately $4,012,486.46. The trade was a 0.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.30% of the stock is currently owned by insiders.

About Akamai Technologies

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.