KBC Group NV Has $2.78 Million Position in Akamai Technologies, Inc. $AKAM

KBC Group NV cut its stake in Akamai Technologies, Inc. (NASDAQ:AKAM) by 39.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,241 shares of the technology infrastructure company’s stock after selling 15,922 shares during the quarter. KBC Group NV’s holdings in Akamai Technologies were worth $2,784,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. JFS Wealth Advisors LLC lifted its holdings in Akamai Technologies by 626.2% in the 4th quarter. JFS Wealth Advisors LLC now owns 305 shares of the technology infrastructure company’s stock worth $27,000 after purchasing an additional 263 shares during the last quarter. Sarver Vrooman Wealth Advisors acquired a new position in Akamai Technologies during the fourth quarter valued at approximately $31,000. Root Financial Partners LLC raised its position in shares of Akamai Technologies by 45.8% in the fourth quarter. Root Financial Partners LLC now owns 350 shares of the technology infrastructure company’s stock valued at $31,000 after purchasing an additional 110 shares during the period. WealthCollab LLC raised its position in shares of Akamai Technologies by 154.2% in the fourth quarter. WealthCollab LLC now owns 394 shares of the technology infrastructure company’s stock valued at $34,000 after purchasing an additional 239 shares during the period. Finally, CYBER HORNET ETFs LLC acquired a new stake in shares of Akamai Technologies in the second quarter worth $32,000. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on AKAM. Citigroup upped their price target on shares of Akamai Technologies from $110.00 to $160.00 and gave the company a “neutral” rating in a report on Friday, May 15th. Robert W. Baird reiterated a “neutral” rating and issued a $110.00 price objective on shares of Akamai Technologies in a research note on Thursday, April 2nd. HSBC boosted their price objective on Akamai Technologies from $134.00 to $171.00 in a research report on Monday, May 11th. The Goldman Sachs Group raised their target price on Akamai Technologies from $76.00 to $87.00 and gave the company a “sell” rating in a report on Friday, May 8th. Finally, Guggenheim lifted their price target on Akamai Technologies from $133.00 to $181.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Twelve research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $145.29.

Akamai Technologies Price Performance

Shares of AKAM stock opened at $115.37 on Friday. The stock’s fifty day simple moving average is $130.93 and its 200 day simple moving average is $113.96. 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 cap of $16.77 billion, a price-to-earnings ratio of 38.85, a P/E/G ratio of 3.68 and a beta of 0.63. Akamai Technologies, Inc. has a one year low of $69.78 and a one year high of $165.45.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings data on Thursday, May 7th. The technology infrastructure company reported $1.61 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.61. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates 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 for the quarter was up 5.8% compared to the same quarter last year. During the same period in the prior 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. On average, analysts expect that Akamai Technologies, Inc. will post 3.92 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Kim Salem-Jackson sold 2,300 shares of the stock in a transaction dated Wednesday, June 10th. The shares were 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 in the company, valued at $8,027,099.70. This trade represents a 3.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Robert Blumofe sold 243 shares of Akamai Technologies stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $129.41, for a total transaction of $31,446.63. Following the transaction, the chief technology officer directly owned 31,006 shares of the company’s stock, valued at $4,012,486.46. This represents a 0.78% 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. 2.30% of the stock is currently owned by corporate insiders.

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.