Akamai Technologies, Inc. $AKAM Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB raised its position in Akamai Technologies, Inc. (NASDAQ:AKAM) by 33.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,500 shares of the technology infrastructure company’s stock after purchasing an additional 11,300 shares during the period. Handelsbanken Fonder AB’s holdings in Akamai Technologies were worth $3,447,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the company. DLD Asset Management LP grew its stake in shares of Akamai Technologies by 60.0% during the second quarter. DLD Asset Management LP now owns 20,000,000 shares of the technology infrastructure company’s stock worth $1,595,200,000 after purchasing an additional 7,500,000 shares in the last quarter. Norges Bank acquired a new position in shares of Akamai Technologies during the 2nd quarter worth about $266,817,000. Nordea Investment Management AB increased its holdings in shares of Akamai Technologies by 39.9% in the 3rd quarter. Nordea Investment Management AB now owns 3,437,472 shares of the technology infrastructure company’s stock valued at $258,739,000 after acquiring an additional 980,966 shares during the last quarter. Edmond DE Rothschild Holding S.A. raised its position in shares of Akamai Technologies by 12.1% during the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 2,786,084 shares of the technology infrastructure company’s stock worth $222,218,000 after acquiring an additional 301,423 shares in the last quarter. Finally, First Trust Advisors LP raised its position in shares of Akamai Technologies by 4.9% during the 2nd quarter. First Trust Advisors LP now owns 6,061,962 shares of the technology infrastructure company’s stock worth $483,502,000 after acquiring an additional 281,526 shares in the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Paul C. Joseph sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $90.17, for a total transaction of $450,850.00. Following the completion of the sale, the executive vice president owned 17,513 shares in the company, valued at $1,579,147.21. This represents a 22.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Adam Karon sold 3,320 shares of Akamai Technologies stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $87.30, for a total transaction of $289,836.00. Following the completion of the transaction, the chief operating officer owned 7,785 shares in the company, valued at approximately $679,630.50. This trade represents a 29.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 33,153 shares of company stock worth $3,164,541 over the last quarter. 2.00% of the stock is owned by insiders.

Akamai Technologies Stock Up 4.5%

Shares of NASDAQ:AKAM opened at $102.08 on Wednesday. Akamai Technologies, Inc. has a 1-year low of $67.51 and a 1-year high of $113.50. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.36 and a quick ratio of 2.36. The stock has a market cap of $14.79 billion, a P/E ratio of 33.14, a P/E/G ratio of 3.29 and a beta of 0.72. The firm has a fifty day moving average price of $95.22 and a 200 day moving average price of $85.48.

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. Akamai Technologies had a net margin of 10.74% and a return on equity of 13.86%. The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the prior year, the company earned $1.66 earnings per share. The business’s revenue was up 7.4% compared to the same quarter last year. 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. Sell-side analysts predict that Akamai Technologies, Inc. will post 4.6 EPS for the current year.

Analyst Upgrades and Downgrades

AKAM has been the topic of several recent analyst reports. Robert W. Baird increased their price target on shares of Akamai Technologies from $90.00 to $110.00 and gave the company an “outperform” rating in a research note on Friday, February 20th. HSBC upped their target price on shares of Akamai Technologies from $130.00 to $134.00 in a report on Monday, November 10th. Evercore lifted their price target on shares of Akamai Technologies from $105.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. TD Cowen decreased their price objective on shares of Akamai Technologies from $104.00 to $100.00 and set a “hold” rating for the company in a research note on Friday, February 20th. Finally, Royal Bank Of Canada lifted their target price on Akamai Technologies from $90.00 to $100.00 and gave the stock a “sector perform” rating in a research report on Friday, February 20th. Ten analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $108.84.

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.