Sumitomo Mitsui DS Asset Management Company Ltd Purchases 25,661 Shares of Akamai Technologies, Inc. $AKAM

Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Akamai Technologies, Inc. (NASDAQ:AKAM) by 590.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,009 shares of the technology infrastructure company’s stock after buying an additional 25,661 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Akamai Technologies were worth $3,191,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake in Akamai Technologies by 11.2% in the first quarter. Dimensional Fund Advisors LP now owns 3,464,793 shares of the technology infrastructure company’s stock valued at $397,881,000 after acquiring an additional 349,451 shares during the last quarter. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Akamai Technologies during the 2nd quarter worth $222,046,000. William Blair Investment Management LLC acquired a new position in shares of Akamai Technologies during the 2nd quarter worth $181,508,000. Legal & General Group Plc acquired a new position in shares of Akamai Technologies during the 2nd quarter worth $159,564,000. Finally, Rubric Capital Management LP raised its holdings in shares of Akamai Technologies by 8.3% during the 1st quarter. Rubric Capital Management LP now owns 1,300,000 shares of the technology infrastructure company’s stock valued at $149,305,000 after purchasing an additional 100,000 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Piper Sandler reduced their price objective on shares of Akamai Technologies from $158.00 to $120.00 and set an “overweight” rating for the company in a research note on Wednesday. Raymond James Financial upgraded shares of Akamai Technologies from an “outperform” rating to a “strong-buy” rating and set a $170.00 price objective for the company in a report on Tuesday. DA Davidson lowered their target price on shares of Akamai Technologies from $185.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, September 28th. JPMorgan Chase & Co. raised their target price on Akamai Technologies from $158.00 to $167.00 and gave the company a “neutral” rating in a report on Friday, September 25th. Finally, Bank of America raised their target price on Akamai Technologies from $175.00 to $185.00 and gave the company a “buy” rating in a report on Friday, September 25th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $146.00.

Akamai Technologies Stock Up 1.0%

NASDAQ AKAM opened at $91.13 on Friday. The stock’s 50 day moving average is $106.16 and its two-hundred day moving average is $117.29. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $13.10 billion, a price-to-earnings ratio of 32.78, a PEG ratio of 4.25 and a beta of 0.62. Akamai Technologies, Inc. has a 1-year low of $70.82 and a 1-year high of $165.45.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings data on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.02. Akamai Technologies had a return on equity of 11.32% and a net margin of 9.51%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the company posted $1.73 EPS. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. Akamai Technologies has set its Q3 2026 guidance at 1.600-1.800 EPS and its FY 2026 guidance at 6.400-7.050 EPS. Equities analysts forecast that Akamai Technologies, Inc. will post 3.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Akamai Technologies news, EVP Mani Sundaram sold 7,022 shares of the company’s stock in a transaction that occurred on Friday, September 25th. The shares were sold at an average price of $125.62, for a total value of $882,103.64. Following the completion of the sale, the executive vice president owned 14,625 shares of the company’s stock, valued at approximately $1,837,192.50. This represents a 32.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul C. Joseph sold 3,100 shares of the company’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $105.63, for a total transaction of $327,453.00. Following the completion of the sale, the executive vice president owned 28,472 shares of the company’s stock, valued at approximately $3,007,497.36. This represents a 9.82% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 12,135 shares of company stock valued at $1,467,221. Company insiders own 2.30% of the company’s stock.

Key Akamai Technologies News

Here are the key news stories impacting Akamai Technologies this week:

• Positive Sentiment: Raymond James upgraded Akamai to Strong Buy and maintained a $170 price target following the recent selloff tied to concerns about artificial intelligence. The upgrade indicates the firm views the decline as excessive and sees substantial recovery potential. Raymond James lifts Akamai to Strong Buy after ‘AI Is Dead’ selloff
• Positive Sentiment: Piper Sandler kept an Overweight rating on Akamai while lowering its price target from $158 to $120. The revised target still implies meaningful upside from current levels, signaling that the firm remains constructive despite reducing its estimates. Piper Sandler lowers Akamai price target
• Positive Sentiment: Akamai’s Guardicore security technology is being integrated with FireMon’s policy control platform to support microsegmentation. The integration could improve Akamai’s enterprise security distribution and visibility, although the immediate financial impact was not disclosed. FireMon extends policy control plane with Akamai Guardicore integration
• Negative Sentiment: UBS cut its Akamai price target sharply from $148 to $100 and maintained a Neutral rating. While the new target still indicates limited upside, the substantial reduction signals weaker confidence in the company’s near-term growth or valuation prospects. UBS adjusts Akamai price target

Akamai Technologies Profile

Akamai Technologies, Inc provides cloud, cybersecurity and content-delivery services that help organizations operate and protect applications, websites and digital media over the internet. Its distributed edge platform is designed to deliver online content closer to end users while improving performance, availability and resilience.

The company’s services include content delivery and application performance solutions, cloud computing capabilities, web and application security, distributed denial-of-service protection, bot management and zero-trust security tools.