National Pension Service Boosts Stock Holdings in Akamai Technologies, Inc. $AKAM

National Pension Service lifted its holdings in Akamai Technologies, Inc. (NASDAQ:AKAM) by 48.5% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 68,111 shares of the technology infrastructure company’s stock after buying an additional 22,242 shares during the period. National Pension Service’s holdings in Akamai Technologies were worth $5,160,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of AKAM. Alberta Investment Management Corp bought a new stake in shares of Akamai Technologies during the 2nd quarter worth $822,000. Rakuten Investment Management Inc. bought a new position in Akamai Technologies in the third quarter valued at $5,323,000. Norges Bank purchased a new stake in Akamai Technologies during the second quarter valued at about $266,817,000. Nordea Investment Management AB lifted its stake in Akamai Technologies by 39.9% during the third quarter. Nordea Investment Management AB now owns 3,437,472 shares of the technology infrastructure company’s stock worth $258,739,000 after purchasing an additional 980,966 shares during the last quarter. Finally, Intech Investment Management LLC boosted its holdings in shares of Akamai Technologies by 82.6% in the 2nd quarter. Intech Investment Management LLC now owns 64,731 shares of the technology infrastructure company’s stock worth $5,163,000 after purchasing an additional 29,281 shares in the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Akamai Technologies

In related news, CTO Robert Blumofe sold 3,500 shares of the company’s stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $97.00, for a total transaction of $339,500.00. Following the completion of the transaction, the chief technology officer owned 18,074 shares in the company, valued at approximately $1,753,178. This represents a 16.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Paul C. Joseph sold 5,000 shares of Akamai Technologies stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $90.17, for a total value of $450,850.00. Following the completion of the sale, the executive vice president directly owned 17,513 shares in the company, valued at approximately $1,579,147.21. The trade was a 22.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 32,318 shares of company stock worth $2,890,254 over the last three months. 2.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AKAM. Scotiabank upped their price objective on shares of Akamai Technologies from $94.00 to $105.00 and gave the company a “sector outperform” rating in a research note on Friday, January 9th. Raymond James Financial upped their price target on shares of Akamai Technologies from $84.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, November 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Akamai Technologies in a report on Monday, December 29th. Citigroup boosted their target price on Akamai Technologies from $88.00 to $103.00 and gave the company a “neutral” rating in a research note on Friday, January 16th. Finally, President Capital raised their price target on Akamai Technologies from $104.00 to $116.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Seven analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $96.11.

Akamai Technologies Trading Down 5.0%

Akamai Technologies stock opened at $91.79 on Wednesday. Akamai Technologies, Inc. has a 12 month low of $67.51 and a 12 month high of $104.97. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.87. The business’s fifty day simple moving average is $90.02 and its two-hundred day simple moving average is $82.07. The company has a market capitalization of $13.21 billion, a price-to-earnings ratio of 26.92, a price-to-earnings-growth ratio of 3.50 and a beta of 0.70.

Akamai Technologies (NASDAQ:AKAM) last issued its earnings results on Thursday, November 6th. The technology infrastructure company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.64 by $0.22. Akamai Technologies had a return on equity of 14.16% and a net margin of 12.26%.The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the business posted $1.59 EPS. The company’s revenue was up 5.0% compared to the same quarter last year. Akamai Technologies has set its FY 2025 guidance at 6.930-7.130 EPS and its Q4 2025 guidance at 1.650-1.850 EPS. As a group, equities analysts predict that Akamai Technologies, Inc. will post 4.6 earnings per share for the current fiscal year.

Akamai Technologies 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.