VIRGINIA RETIREMENT SYSTEMS ET Al Sells 373,264 Shares of Akamai Technologies, Inc. $AKAM

VIRGINIA RETIREMENT SYSTEMS ET Al lowered its stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 42.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 509,800 shares of the technology infrastructure company’s stock after selling 373,264 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Akamai Technologies were worth $44,480,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of AKAM. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of 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 valued at $26,000 after purchasing an additional 251 shares in the last quarter. TD Waterhouse Canada Inc. lifted its holdings in shares of Akamai Technologies by 130.0% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 345 shares of the technology infrastructure company’s stock valued at $26,000 after purchasing an additional 195 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Akamai Technologies by 566.7% during the 3rd quarter. Smartleaf Asset Management LLC now owns 340 shares of the technology infrastructure company’s stock valued at $26,000 after purchasing an additional 289 shares in the last quarter. JFS Wealth Advisors LLC lifted its holdings in shares of Akamai Technologies by 626.2% during the 4th quarter. JFS Wealth Advisors LLC now owns 305 shares of the technology infrastructure company’s stock valued at $27,000 after purchasing an additional 263 shares in the last quarter. Finally, Wolff Wiese Magana LLC lifted its holdings in shares of Akamai Technologies by 497.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 400 shares of the technology infrastructure company’s stock valued at $30,000 after purchasing an additional 333 shares in the last quarter. Institutional investors own 94.28% of the company’s stock.

Akamai Technologies Stock Down 2.3%

Shares of Akamai Technologies stock opened at $149.56 on Wednesday. The business’s 50 day simple moving average is $108.47 and its 200 day simple moving average is $96.43. Akamai Technologies, Inc. has a 52-week low of $69.78 and a 52-week high of $156.32. The firm has a market cap of $21.74 billion, a PE ratio of 50.36, a P/E/G ratio of 5.28 and a beta of 0.45. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.36 and a current ratio of 2.06.

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, meeting analysts’ consensus estimates of $1.61. Akamai Technologies had a return on equity of 12.96% and a net margin of 10.20%.The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the firm earned $1.70 EPS. Akamai Technologies’s revenue for the quarter was up 5.8% compared to the same quarter last year. 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, analysts predict that Akamai Technologies, Inc. will post 4.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AKAM has been the topic of several recent analyst reports. Susquehanna lifted their price objective on Akamai Technologies from $120.00 to $175.00 and gave the company a “positive” rating in a report on Monday. KeyCorp lifted their price objective on Akamai Technologies from $115.00 to $120.00 and gave the company an “overweight” rating in a report on Friday, February 20th. Evercore initiated coverage on Akamai Technologies in a report on Tuesday, April 14th. They set an “outperform” rating and a $130.00 price objective on the stock. The Goldman Sachs Group lifted their price objective on Akamai Technologies from $76.00 to $87.00 and gave the company a “sell” rating in a report on Friday, May 8th. Finally, JPMorgan Chase & Co. lifted their price objective on Akamai Technologies from $72.00 to $100.00 in a report on Friday, May 8th. Eleven equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $136.24.

Insiders Place Their Bets

In related news, Director Jon Miller sold 11,000 shares of Akamai Technologies stock in a transaction that occurred on 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 sale, the director owned 22,806 shares of the company’s stock, valued at approximately $2,341,492.02. This trade represents a 32.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Laura Howell sold 11,273 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $100.14, for a total value of $1,128,878.22. Following the transaction, the chief accounting officer directly owned 12,559 shares in the company, valued at $1,257,658.26. This trade represents a 47.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 57,454 shares of company stock worth $5,889,371 in the last 90 days. Company insiders own 2.30% of the company’s stock.

Key Stories Impacting Akamai Technologies

Here are the key news stories impacting Akamai Technologies this week:

• Positive Sentiment: Multiple Wall Street firms raised their price targets on Akamai, including Susquehanna to $175, HSBC to $171, and Raymond James to $170, signaling stronger analyst confidence in the company’s outlook. Susquehanna adjusts Akamai Technologies price target to 175 from 120
• Positive Sentiment: Anthropic reportedly signed a $1.8 billion cloud/compute deal with Akamai, a major potential revenue catalyst that highlights growing demand for Akamai’s infrastructure services in AI workloads. Anthropic secures $1.8bn cloud deal with Akamai for AI expansion
• Positive Sentiment: News flow suggests Akamai is being viewed as an AI beneficiary, which has helped fuel momentum in the stock and likely supported recent buying. Akamai stock posts best week since 2013 on buzz of 1.8B Anthropic cloud deal
• Neutral Sentiment: Short-interest data was reported, but the figures appear inconsistent/blank, so it does not provide a clear trading signal for investors.

Akamai Technologies 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.