Quantinno Capital Management LP Sells 13,798 Shares of Akamai Technologies, Inc. $AKAM

Quantinno Capital Management LP decreased its position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 11.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 107,475 shares of the technology infrastructure company’s stock after selling 13,798 shares during the period. Quantinno Capital Management LP’s holdings in Akamai Technologies were worth $12,344,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Norges Bank acquired a new stake in Akamai Technologies during the fourth quarter worth about $192,959,000. AQR Capital Management LLC grew its holdings in shares of Akamai Technologies by 522.8% in the 3rd quarter. AQR Capital Management LLC now owns 2,020,346 shares of the technology infrastructure company’s stock worth $153,061,000 after purchasing an additional 1,695,937 shares during the last quarter. Alyeska Investment Group L.P. increased its holdings in shares of Akamai Technologies by 570.0% during the third quarter. Alyeska Investment Group L.P. now owns 1,634,040 shares of the technology infrastructure company’s stock worth $123,795,000 after buying an additional 1,390,167 shares in the last quarter. Rubric Capital Management LP acquired a new stake in Akamai Technologies during the 4th quarter valued at $104,700,000. Finally, First Trust Advisors LP increased its stake in shares of Akamai Technologies by 16.5% in the fourth quarter. First Trust Advisors LP now owns 6,752,000 shares of the technology infrastructure company’s stock valued at $589,112,000 after buying an additional 957,345 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Akamai Technologies

In other Akamai Technologies news, EVP Kim Salem-Jackson sold 2,300 shares of the business’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $135.57, for a total value of $311,811.00. Following the completion of the sale, the executive vice president owned 59,210 shares of the company’s stock, valued at $8,027,099.70. The trade was a 3.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Robert Blumofe sold 243 shares of the stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $129.41, for a total value of $31,446.63. Following the sale, the chief technology officer directly owned 31,006 shares in the company, valued at $4,012,486.46. This represents a 0.78% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.30% of the company’s stock.

Akamai Technologies Price Performance

Shares of AKAM opened at $117.88 on Tuesday. The company’s 50-day moving average is $126.98 and its 200-day moving average is $115.20. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.06 and a quick ratio of 2.06. The firm has a market capitalization of $17.14 billion, a PE ratio of 39.69, a PEG ratio of 3.61 and a beta of 0.63. Akamai Technologies, Inc. has a fifty-two week low of $69.78 and a fifty-two week high of $165.45.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $1.07 billion. Akamai Technologies had a return on equity of 12.96% and a net margin of 10.20%.The business’s revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous 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. Equities analysts forecast that Akamai Technologies, Inc. will post 3.91 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Guggenheim raised their price target on shares of Akamai Technologies from $133.00 to $181.00 and gave the company a “buy” rating in a report on Friday, May 8th. JPMorgan Chase & Co. increased their price target on shares of Akamai Technologies from $72.00 to $100.00 in a research report on Friday, May 8th. Scotiabank lifted their target price on Akamai Technologies from $120.00 to $180.00 and gave the stock a “sector outperform” rating in a report on Friday, May 8th. Bank of America raised shares of Akamai Technologies from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $130.00 to $175.00 in a research report on Wednesday, May 13th. Finally, Craig Hallum raised Akamai Technologies from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a research report on Friday, May 8th. Twelve analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Akamai Technologies presently has an average rating of “Hold” and an average price target of $145.29.

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.