Akamai Technologies, Inc. $AKAM Stock Acquired by Retirement Systems of Alabama

Retirement Systems of Alabama increased its holdings in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 116.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,206 shares of the technology infrastructure company’s stock after buying an additional 35,664 shares during the quarter. Retirement Systems of Alabama’s holdings in Akamai Technologies were worth $7,041,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of AKAM. EverSource Wealth Advisors LLC boosted its position in Akamai Technologies by 3.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,356 shares of the technology infrastructure company’s stock worth $271,000 after acquiring an additional 70 shares during the period. Tema ETFs LLC increased its holdings in shares of Akamai Technologies by 9.5% in the 2nd quarter. Tema ETFs LLC now owns 1,664 shares of the technology infrastructure company’s stock valued at $197,000 after purchasing an additional 145 shares during the period. Farmers & Merchants Investments Inc. increased its holdings in shares of Akamai Technologies by 153.7% in the 3rd quarter. Farmers & Merchants Investments Inc. now owns 274 shares of the technology infrastructure company’s stock valued at $29,000 after purchasing an additional 166 shares during the period. Groupama Asset Managment increased its holdings in shares of Akamai Technologies by 6.0% in the 1st quarter. Groupama Asset Managment now owns 3,383 shares of the technology infrastructure company’s stock valued at $389,000 after purchasing an additional 191 shares during the period. Finally, Pension & Wealth Management Advisors Inc. lifted its position in shares of Akamai Technologies by 43.1% in the third quarter. Pension & Wealth Management Advisors Inc. now owns 644 shares of the technology infrastructure company’s stock worth $68,000 after purchasing an additional 194 shares in the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

Akamai Technologies News Summary

Investors following AKAM have been watching these news items:

• Positive Sentiment: CEO F. Leighton bought 30,000 shares for about $2.55 million at an average of $85.08, increasing his direct ownership by 1.19%. The sizable insider purchase may signal confidence in Akamai’s prospects. SEC filing
• Positive Sentiment: CrowdStrike selected Akamai for security services, providing a customer-validation signal for its security business, though the article does not detail the deal’s financial contribution. CrowdStrike chose Akamai for security
• Neutral Sentiment: Akamai closed a $2.5 billion private convertible-note offering: $1.25 billion due in 2028 and $1.25 billion due in 2031, each with a 1% coupon. The financing supports its cloud buildout, but conversion could dilute shareholders and the notes add future obligations. Akamai convertible-note offering

Akamai Technologies Stock Down 1.3%

AKAM traded down $1.16 during midday trading on Friday, hitting $85.40. 5,111,297 shares of the company’s stock traded hands, compared to its average volume of 6,893,247. The company has a market cap of $12.32 billion, a PE ratio of 33.10, a price-to-earnings-growth ratio of 2.99 and a beta of 0.65. The stock’s fifty day simple moving average is $99.32 and its 200-day simple moving average is $111.91. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.13 and a quick ratio of 1.64. Akamai Technologies, Inc. has a one year low of $77.37 and a one year high of $165.45.

Akamai Technologies (NASDAQ:AKAM) last posted its earnings results on Thursday, November 5th. The technology infrastructure company reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.10. Akamai Technologies had a net margin of 8.84% and a return on equity of 10.88%. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same period in the previous year, the company earned $1.86 earnings per share. The company’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, equities analysts anticipate that Akamai Technologies, Inc. will post 3.57 earnings per share for the current fiscal year.

Insider Buying and Selling at Akamai Technologies

In other Akamai Technologies news, CEO F. Leighton bought 30,000 shares of the stock in a transaction on Friday, November 13th. The shares were purchased at an average cost of $85.08 per share, with a total value of $2,552,400.00. Following the completion of the transaction, the chief executive officer directly owned 2,559,963 shares of the company’s stock, valued at $217,801,652.04. This represents a 1.19% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Kim Salem-Jackson sold 2,013 shares of the firm’s stock in a transaction dated Friday, September 25th. The shares were sold at an average price of $128.00, for a total value of $257,664.00. Following the transaction, the executive vice president owned 57,197 shares in the company, valued at approximately $7,321,216. This trade represents a 3.40% decrease in their ownership of the stock. 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. Insiders sold a total of 12,135 shares of company stock worth $1,467,221 in the last 90 days. 2.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently commented on the stock. Royal Bank Of Canada decreased their price target on shares of Akamai Technologies from $135.00 to $85.00 and set a “sector perform” rating for the company in a report on Friday, November 6th. Morgan Stanley dropped their price objective on shares of Akamai Technologies from $165.00 to $149.00 and set an “overweight” rating on the stock in a research note on Monday, November 2nd. Piper Sandler reiterated an “overweight” rating on shares of Akamai Technologies in a research report on Friday, November 6th. TD Cowen lifted their target price on shares of Akamai Technologies from $140.00 to $149.00 and gave the company a “hold” rating in a research note on Friday, September 25th. Finally, Raymond James Financial raised shares of Akamai Technologies from an “outperform” rating to a “strong-buy” rating and set a $170.00 target price for the company in a research note on Tuesday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Akamai Technologies presently has a consensus rating of “Hold” and an average price target of $135.09.

About Akamai Technologies

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.