BI Asset Management Fondsmaeglerselskab A S Lowers Stake in Akamai Technologies, Inc. $AKAM

BI Asset Management Fondsmaeglerselskab A S cut its holdings in Akamai Technologies, Inc. (NASDAQ:AKAM) by 35.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,983 shares of the technology infrastructure company’s stock after selling 6,065 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Akamai Technologies were worth $1,261,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in AKAM. Norges Bank purchased a new stake in shares of Akamai Technologies during the fourth quarter worth approximately $192,959,000. AQR Capital Management LLC lifted its holdings in shares of Akamai Technologies by 522.8% during the third quarter. AQR Capital Management LLC now owns 2,020,346 shares of the technology infrastructure company’s stock worth $153,061,000 after purchasing an additional 1,695,937 shares during the period. Alyeska Investment Group L.P. grew its position in Akamai Technologies by 570.0% in the 3rd quarter. Alyeska Investment Group L.P. now owns 1,634,040 shares of the technology infrastructure company’s stock valued at $123,795,000 after buying an additional 1,390,167 shares during the last quarter. Rubric Capital Management LP purchased a new position in Akamai Technologies in the 4th quarter valued at $104,700,000. Finally, First Trust Advisors LP increased its stake in Akamai Technologies by 16.5% in the 4th quarter. First Trust Advisors LP now owns 6,752,000 shares of the technology infrastructure company’s stock valued at $589,112,000 after buying an additional 957,345 shares during the period. 94.28% of the stock is owned by hedge funds and other institutional investors.

Akamai Technologies Trading Down 0.4%

Shares of Akamai Technologies stock opened at $119.34 on Thursday. The company has a 50-day moving average of $128.98 and a two-hundred day moving average of $109.21. Akamai Technologies, Inc. has a 12-month low of $69.78 and a 12-month high of $165.45. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.84. The stock has a market cap of $17.35 billion, a PE ratio of 40.18, a price-to-earnings-growth ratio of 3.75 and a beta of 0.60.

Akamai Technologies (NASDAQ:AKAM) last announced its quarterly earnings results on Thursday, May 7th. The technology infrastructure company reported $1.61 EPS for the quarter, hitting the consensus estimate of $1.61. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. Akamai Technologies had a return on equity of 12.96% and a net margin of 10.20%.The company’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.70 EPS. 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 anticipate that Akamai Technologies, Inc. will post 3.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AKAM has been the subject of a number of analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Akamai Technologies in a research report on Friday, March 27th. Guggenheim lifted their target price 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 began coverage on shares of Akamai Technologies in a research note on Tuesday, April 14th. They set an “outperform” rating and a $130.00 price target on the stock. Bank of America raised shares of Akamai Technologies from a “neutral” rating to a “buy” rating and increased their price target for the stock from $130.00 to $175.00 in a report on Wednesday, May 13th. Finally, Piper Sandler restated a “neutral” rating and issued a $156.00 price objective (up from $114.00) on shares of Akamai Technologies in a research report on Friday, May 8th. Twelve equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Akamai Technologies presently has an average rating of “Hold” and a consensus target price of $145.29.

Insider Buying and Selling at Akamai Technologies

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

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.