Allstate Corp Buys 3,516 Shares of Akamai Technologies, Inc. $AKAM

Allstate Corp boosted its stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 58.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,486 shares of the technology infrastructure company’s stock after purchasing an additional 3,516 shares during the period. Allstate Corp’s holdings in Akamai Technologies were worth $828,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Clearstead Advisors LLC raised its position in Akamai Technologies by 3.1% in the fourth quarter. Clearstead Advisors LLC now owns 130,028 shares of the technology infrastructure company’s stock worth $11,345,000 after acquiring an additional 3,913 shares during the period. New Age Alpha Advisors LLC raised its position in Akamai Technologies by 42.6% in the fourth quarter. New Age Alpha Advisors LLC now owns 22,192 shares of the technology infrastructure company’s stock worth $1,936,000 after acquiring an additional 6,629 shares during the period. Hantz Financial Services Inc. raised its position in Akamai Technologies by 69.6% in the fourth quarter. Hantz Financial Services Inc. now owns 1,408 shares of the technology infrastructure company’s stock worth $123,000 after acquiring an additional 578 shares during the period. Todd Asset Management LLC raised its position in Akamai Technologies by 63.8% in the fourth quarter. Todd Asset Management LLC now owns 429,949 shares of the technology infrastructure company’s stock worth $37,513,000 after acquiring an additional 167,500 shares during the period. Finally, Systematic Financial Management LP raised its position in Akamai Technologies by 626.0% in the fourth quarter. Systematic Financial Management LP now owns 35,645 shares of the technology infrastructure company’s stock worth $3,110,000 after acquiring an additional 30,735 shares during the period. Institutional investors own 94.28% of the company’s stock.

Analyst Upgrades and Downgrades

AKAM has been the topic of several recent research reports. Citigroup increased their price target on shares of Akamai Technologies from $110.00 to $160.00 and gave the stock a “neutral” rating in a research report on Friday, May 15th. Royal Bank Of Canada increased their price objective on shares of Akamai Technologies from $100.00 to $150.00 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. Bank of America upgraded shares of Akamai Technologies from a “neutral” rating to a “buy” rating and raised their price objective for the company from $130.00 to $175.00 in a research report on Wednesday, May 13th. Piper Sandler restated a “neutral” rating and set a $156.00 price objective (up from $114.00) on shares of Akamai Technologies in a research report on Friday, May 8th. Finally, Wall Street Zen downgraded shares of Akamai Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Twelve equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $145.29.

Insider Activity at Akamai Technologies

In related news, EVP Anthony P. Williams sold 15,000 shares of the firm’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $104.29, for a total transaction of $1,564,350.00. Following the completion of the transaction, the executive vice president directly owned 22,064 shares of the company’s stock, valued at approximately $2,301,054.56. This trade represents a 40.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Mani Sundaram sold 8,642 shares of the firm’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $101.25, for a total transaction of $875,002.50. Following the transaction, the executive vice president directly owned 19,923 shares of the company’s stock, valued at $2,017,203.75. The trade was a 30.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 42,681 shares of company stock valued at $4,382,493. Insiders own 2.30% of the company’s stock.

Akamai Technologies Stock Up 4.5%

Shares of AKAM stock opened at $149.54 on Friday. The company has a market capitalization of $21.74 billion, a price-to-earnings ratio of 50.35, a PEG ratio of 4.68 and a beta of 0.45. Akamai Technologies, Inc. has a one year low of $69.78 and a one year high of $165.45. The company’s fifty day moving average price is $120.06 and its 200-day moving average price is $102.96. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.06 and a quick ratio of 2.06.

Akamai Technologies (NASDAQ:AKAM) last posted its earnings results on Thursday, May 7th. The technology infrastructure company reported $1.61 earnings per share for the quarter, meeting the consensus estimate of $1.61. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Akamai Technologies had a net margin of 10.20% and a return on equity of 12.96%. Akamai Technologies’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the company posted $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. Sell-side analysts expect that Akamai Technologies, Inc. will post 3.93 EPS for the current fiscal year.

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.