Akamai Technologies, Inc. $AKAM Position Increased by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board boosted its holdings in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 119.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 15,705 shares of the technology infrastructure company’s stock after purchasing an additional 8,557 shares during the period. New Mexico Educational Retirement Board’s holdings in Akamai Technologies were worth $1,670,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. EverSource Wealth Advisors LLC boosted its stake in shares of Akamai Technologies by 3.1% during the first quarter. EverSource Wealth Advisors LLC now owns 2,356 shares of the technology infrastructure company’s stock worth $271,000 after buying an additional 70 shares during the period. Tema ETFs LLC increased its position in Akamai Technologies by 9.5% in the 2nd quarter. Tema ETFs LLC now owns 1,664 shares of the technology infrastructure company’s stock valued at $197,000 after acquiring an additional 145 shares during the period. Farmers & Merchants Investments Inc. raised its stake in Akamai Technologies by 153.7% during the 3rd quarter. Farmers & Merchants Investments Inc. now owns 274 shares of the technology infrastructure company’s stock valued at $29,000 after acquiring an additional 166 shares during the last quarter. Groupama Asset Managment raised its stake in Akamai Technologies by 6.0% during the 1st quarter. Groupama Asset Managment now owns 3,383 shares of the technology infrastructure company’s stock valued at $389,000 after acquiring an additional 191 shares during the last quarter. Finally, Pension & Wealth Management Advisors Inc. lifted its position in Akamai Technologies by 43.1% during the 3rd quarter. Pension & Wealth Management Advisors Inc. now owns 644 shares of the technology infrastructure company’s stock worth $68,000 after acquiring an additional 194 shares during the period. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. JPMorgan Chase & Co. lifted their target price on Akamai Technologies from $158.00 to $167.00 and gave the company a “neutral” rating in a research note on Friday, September 25th. TD Cowen upped their price target on Akamai Technologies from $140.00 to $149.00 and gave the stock a “hold” rating in a research note on Friday, September 25th. Royal Bank Of Canada decreased their price target on Akamai Technologies from $135.00 to $85.00 and set a “sector perform” rating for the company in a report on Friday, November 6th. DA Davidson lowered their price objective on shares of Akamai Technologies from $150.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, November 6th. Finally, President Capital boosted their price objective on shares of Akamai Technologies from $150.00 to $168.00 and gave the company a “buy” rating in a research note on Wednesday, September 30th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Akamai Technologies currently has an average rating of “Hold” and a consensus target price of $135.09.

Akamai Technologies Trading Up 3.5%

Shares of AKAM stock opened at $86.68 on Thursday. The business’s fifty day moving average price is $100.12 and its 200 day moving average price is $112.06. The firm has a market capitalization of $12.50 billion, a PE ratio of 33.60, a P/E/G ratio of 2.92 and a beta of 0.65. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.13 and a quick ratio of 1.64. Akamai Technologies, Inc. has a 1-year low of $77.37 and a 1-year high of $165.45.

Akamai Technologies (NASDAQ:AKAM) last released its earnings results on Thursday, November 5th. The technology infrastructure company reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $1.67 by $0.10. Akamai Technologies had a return on equity of 10.88% and a net margin of 8.84%. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter last year, the company earned $1.86 earnings per share. Akamai Technologies’s quarterly revenue was up 6.4% compared to the same quarter last year. Akamai Technologies has set its FY 2026 guidance at 6.470-6.680 EPS and its Q4 2026 guidance at 1.500-1.700 EPS. As a group, sell-side analysts forecast that Akamai Technologies, Inc. will post 3.58 EPS for the current fiscal year.

Insider Activity at Akamai Technologies

In other Akamai Technologies news, EVP Kim Salem-Jackson sold 2,013 shares of the company’s stock in a transaction dated Friday, September 25th. The shares were sold at an average price of $128.00, for a total transaction of $257,664.00. Following the transaction, the executive vice president directly owned 57,197 shares in the company, valued at approximately $7,321,216. This represents a 3.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mani Sundaram sold 7,022 shares of the stock in a transaction dated Friday, September 25th. The shares were sold at an average price of $125.62, for a total transaction of $882,103.64. Following the completion of the transaction, the executive vice president directly owned 14,625 shares of the company’s stock, valued at approximately $1,837,192.50. This trade represents a 32.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 12,135 shares of company stock worth $1,467,221 over the last 90 days. Company insiders own 2.30% of the company’s stock.

About Akamai Technologies

Akamai Technologies is a technology company that provides cloud computing, cybersecurity and content delivery services. Its distributed platform helps businesses deliver digital content and applications, protect online operations and run workloads closer to users and devices. The company’s offerings include web and application performance services, protection against cyberattacks, application and API security, and cloud infrastructure through Akamai Connected Cloud. Its services support organizations seeking to improve the speed, availability and security of their websites, applications and online services.