Legal & General Group Plc Reduces Stock Position in Akamai Technologies, Inc. $AKAM

Legal & General Group Plc trimmed its position in Akamai Technologies, Inc. (NASDAQ:AKAM) by 17.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,256,183 shares of the technology infrastructure company’s stock after selling 470,090 shares during the period. Legal & General Group Plc’s holdings in Akamai Technologies were worth $196,852,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. boosted its position in Akamai Technologies by 295.3% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 336 shares of the technology infrastructure company’s stock worth $26,000 after acquiring an additional 251 shares during the period. TD Waterhouse Canada Inc. boosted its position in Akamai Technologies by 130.0% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 345 shares of the technology infrastructure company’s stock worth $26,000 after acquiring an additional 195 shares during the period. Smartleaf Asset Management LLC boosted its position in Akamai Technologies by 566.7% during the 3rd quarter. Smartleaf Asset Management LLC now owns 340 shares of the technology infrastructure company’s stock worth $26,000 after acquiring an additional 289 shares during the period. JFS Wealth Advisors LLC boosted its position in Akamai Technologies by 626.2% during the 4th quarter. JFS Wealth Advisors LLC now owns 305 shares of the technology infrastructure company’s stock worth $27,000 after acquiring an additional 263 shares during the period. Finally, Atlantic Union Bankshares Corp acquired a new position in Akamai Technologies during the 3rd quarter worth $30,000. 94.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AKAM. Wall Street Zen lowered Akamai Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Piper Sandler reiterated a “neutral” rating and set a $156.00 price target (up from $114.00) on shares of Akamai Technologies in a research report on Friday, May 8th. The Goldman Sachs Group boosted their price target on Akamai Technologies from $76.00 to $87.00 and gave the stock a “sell” rating in a research report on Friday, May 8th. Susquehanna boosted their price target on Akamai Technologies from $120.00 to $175.00 and gave the stock a “positive” rating in a research report on Monday, May 11th. Finally, HSBC boosted their price target on Akamai Technologies from $134.00 to $171.00 in a research report on Monday, May 11th. Twelve analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Akamai Technologies presently has a consensus rating of “Hold” and an average price target of $145.29.

Akamai Technologies Stock Down 2.6%

Shares of Akamai Technologies stock opened at $144.43 on Thursday. The stock’s fifty day moving average is $118.50 and its 200-day moving average is $102.22. The firm has a market capitalization of $21.00 billion, a PE ratio of 48.63, a price-to-earnings-growth ratio of 4.64 and a beta of 0.45. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.84. Akamai Technologies, Inc. has a 12-month low of $69.78 and a 12-month high of $165.45.

Akamai Technologies (NASDAQ:AKAM) last announced its earnings results on Thursday, May 7th. The technology infrastructure company reported $1.61 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.61. The company 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%.Akamai Technologies’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $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. Equities analysts anticipate that Akamai Technologies, Inc. will post 3.93 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Madhu Ranganathan sold 3,131 shares of the business’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $102.00, for a total transaction of $319,362.00. Following the sale, the director directly owned 9,160 shares of the company’s stock, valued at $934,320. The trade was a 25.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jon Miller sold 11,000 shares of the stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $102.67, for a total value of $1,129,370.00. Following the completion of the sale, the director directly owned 22,806 shares of the company’s stock, valued at approximately $2,341,492.02. This represents a 32.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 42,681 shares of company stock valued at $4,382,493 over the last ninety days. 2.30% of the stock is currently owned by company insiders.

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.