Pictet Asset Management Holding SA Sells 60,435 Shares of Akamai Technologies, Inc. $AKAM

Pictet Asset Management Holding SA reduced its position in Akamai Technologies, Inc. (NASDAQ:AKAM) by 65.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,485 shares of the technology infrastructure company’s stock after selling 60,435 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Akamai Technologies were worth $2,747,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Rakuten Investment Management Inc. purchased a new position in Akamai Technologies in the third quarter worth approximately $5,323,000. Fox Run Management L.L.C. lifted its position in shares of Akamai Technologies by 467.7% during the 3rd quarter. Fox Run Management L.L.C. now owns 19,144 shares of the technology infrastructure company’s stock worth $1,450,000 after buying an additional 15,772 shares during the last quarter. National Pension Service lifted its position in shares of Akamai Technologies by 48.5% during the 3rd quarter. National Pension Service now owns 68,111 shares of the technology infrastructure company’s stock worth $5,160,000 after buying an additional 22,242 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC lifted its position in shares of Akamai Technologies by 42.4% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 251,322 shares of the technology infrastructure company’s stock worth $19,040,000 after buying an additional 74,791 shares during the last quarter. Finally, Nordea Investment Management AB lifted its position in shares of Akamai Technologies by 39.9% during the 3rd quarter. Nordea Investment Management AB now owns 3,437,472 shares of the technology infrastructure company’s stock worth $258,739,000 after buying an additional 980,966 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on AKAM shares. Robert W. Baird restated a “neutral” rating and set a $110.00 price objective on shares of Akamai Technologies in a research report on Thursday, April 2nd. Royal Bank Of Canada boosted their price objective on shares of Akamai Technologies from $90.00 to $100.00 and gave the stock a “sector perform” rating in a research report on Friday, February 20th. Oppenheimer boosted their price objective on shares of Akamai Technologies from $115.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Craig Hallum boosted their price objective on shares of Akamai Technologies from $90.00 to $100.00 and gave the stock a “hold” rating in a research report on Friday, February 20th. Finally, Evercore started coverage on shares of Akamai Technologies in a research report on Tuesday, April 14th. They set an “outperform” rating and a $130.00 price objective for the company. Nine investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $112.37.

Insiders Place Their Bets

In other news, EVP Anthony P. Williams sold 15,000 shares of Akamai Technologies stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $104.29, for a total value of $1,564,350.00. Following the transaction, the executive vice president directly owned 22,064 shares of the company’s stock, valued at $2,301,054.56. The trade was a 40.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jon Miller sold 11,000 shares of Akamai Technologies stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $102.67, for a total transaction of $1,129,370.00. Following the completion of the transaction, the director directly owned 22,806 shares in the company, valued at $2,341,492.02. The trade was a 32.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 57,454 shares of company stock worth $5,889,371. Corporate insiders own 2.30% of the company’s stock.

Akamai Technologies Stock Performance

Shares of Akamai Technologies stock opened at $105.78 on Tuesday. The firm’s fifty day simple moving average is $104.16 and its 200-day simple moving average is $93.88. The stock has a market capitalization of $15.34 billion, a price-to-earnings ratio of 34.34, a PEG ratio of 3.57 and a beta of 0.45. Akamai Technologies, Inc. has a 12 month low of $69.78 and a 12 month high of $121.12. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.36 and a quick ratio of 2.36.

Akamai Technologies (NASDAQ:AKAM) last announced its earnings results on Thursday, February 19th. The technology infrastructure company reported $1.84 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.09. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Akamai Technologies had a net margin of 10.74% and a return on equity of 13.86%. The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.66 EPS. Akamai Technologies has set its FY 2026 guidance at 6.200-7.200 EPS and its Q1 2026 guidance at 1.500-1.670 EPS. As a group, equities analysts forecast that Akamai Technologies, Inc. will post 4.17 earnings per share for the current 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.