Tandem Investment Advisors Inc. Sells 4,923 Shares of Akamai Technologies, Inc. $AKAM

Tandem Investment Advisors Inc. reduced its stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 16.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,861 shares of the technology infrastructure company’s stock after selling 4,923 shares during the quarter. Tandem Investment Advisors Inc.’s holdings in Akamai Technologies were worth $2,970,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. SEB Asset Management AB purchased a new stake in shares of Akamai Technologies during the first quarter valued at about $3,242,000. Swiss National Bank grew its position in shares of Akamai Technologies by 0.7% in the 1st quarter. Swiss National Bank now owns 284,700 shares of the technology infrastructure company’s stock worth $32,698,000 after buying an additional 2,100 shares during the last quarter. Bessemer Group Inc. grew its position in shares of Akamai Technologies by 32.0% in the 1st quarter. Bessemer Group Inc. now owns 4,557 shares of the technology infrastructure company’s stock worth $524,000 after buying an additional 1,106 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Akamai Technologies by 4.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 7,391 shares of the technology infrastructure company’s stock worth $856,000 after acquiring an additional 327 shares in the last quarter. Finally, Wealthfront Advisers LLC raised its stake in shares of Akamai Technologies by 18.6% during the 1st quarter. Wealthfront Advisers LLC now owns 5,989 shares of the technology infrastructure company’s stock worth $688,000 after acquiring an additional 940 shares in the last quarter. Institutional investors own 94.28% of the company’s stock.

Akamai Technologies Price Performance

Shares of AKAM opened at $120.19 on Friday. The firm has a market capitalization of $17.47 billion, a PE ratio of 40.47, a price-to-earnings-growth ratio of 3.77 and a beta of 0.63. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.06 and a quick ratio of 2.06. Akamai Technologies, Inc. has a 1-year low of $69.78 and a 1-year high of $165.45. The company’s fifty day moving average price is $134.23 and its 200-day moving average price is $112.78.

Akamai Technologies (NASDAQ:AKAM) last issued 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. Akamai Technologies had a return on equity of 12.96% and a net margin of 10.20%.The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the business posted $1.70 EPS. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. 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, equities research analysts predict that Akamai Technologies, Inc. will post 3.92 EPS for the current year.

Insider Transactions at Akamai Technologies

In related news, EVP Kim Salem-Jackson sold 2,300 shares of Akamai Technologies stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $135.57, for a total transaction 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Robert Blumofe sold 243 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $129.41, for a total value of $31,446.63. Following the completion of the sale, the chief technology officer owned 31,006 shares in the company, valued at approximately $4,012,486.46. This represents a 0.78% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on AKAM shares. Guggenheim increased their target price on shares of Akamai Technologies from $133.00 to $181.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Raymond James Financial lifted their price target on shares of Akamai Technologies from $140.00 to $170.00 in a report on Monday, May 11th. UBS Group upped their price target on Akamai Technologies from $110.00 to $160.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Morgan Stanley increased their price objective on Akamai Technologies from $120.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Finally, Craig Hallum raised Akamai Technologies from a “hold” rating to a “buy” rating and set a $190.00 price objective for the company in a research report on Friday, May 8th. Twelve investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company 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.