Vontobel Holding Ltd. Sells 145,748 Shares of Akamai Technologies, Inc. $AKAM

Vontobel Holding Ltd. lessened its position in Akamai Technologies, Inc. (NASDAQ:AKAM) by 11.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,105,322 shares of the technology infrastructure company’s stock after selling 145,748 shares during the quarter. Vontobel Holding Ltd.’s holdings in Akamai Technologies were worth $117,551,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its stake in Akamai Technologies by 3.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,356 shares of the technology infrastructure company’s stock valued at $271,000 after purchasing an additional 70 shares during the last quarter. Tema ETFs LLC lifted its stake in shares of Akamai Technologies by 9.5% during the 2nd quarter. Tema ETFs LLC now owns 1,664 shares of the technology infrastructure company’s stock worth $197,000 after purchasing an additional 145 shares during the period. Forza Wealth Management LLC boosted its holdings in shares of Akamai Technologies by 2.0% during the first quarter. Forza Wealth Management LLC now owns 8,009 shares of the technology infrastructure company’s stock worth $920,000 after purchasing an additional 159 shares during the last quarter. Groupama Asset Managment boosted its holdings in shares of Akamai Technologies by 6.0% during the first quarter. Groupama Asset Managment now owns 3,383 shares of the technology infrastructure company’s stock worth $389,000 after purchasing an additional 191 shares during the last quarter. Finally, Pension & Wealth Management Advisors Inc. grew its position in shares of Akamai Technologies by 43.1% in the third quarter. Pension & Wealth Management Advisors Inc. now owns 644 shares of the technology infrastructure company’s stock valued at $68,000 after purchasing an additional 194 shares during the period. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. UBS Group increased their price objective on shares of Akamai Technologies from $143.00 to $148.00 and gave the stock a “neutral” rating in a report on Friday, September 25th. Weiss Ratings reissued a “hold (c)” rating on shares of Akamai Technologies in a research report on Monday, September 21st. Piper Sandler reissued an “overweight” rating and issued a $158.00 price objective (up from $125.00) on shares of Akamai Technologies in a research report on Friday, September 25th. Evercore reaffirmed an “outperform” rating on shares of Akamai Technologies in a research report on Friday, September 25th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $170.00 price objective on shares of Akamai Technologies in a research note on Tuesday, September 29th. Thirteen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $150.10.

Insider Buying and Selling at Akamai Technologies

In related news, EVP Paul C. Joseph sold 3,100 shares of the company’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $105.63, for a total value of $327,453.00. Following the transaction, the executive vice president owned 28,472 shares in the company, valued at approximately $3,007,497.36. This represents a 9.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mani Sundaram sold 7,022 shares of the firm’s stock in a transaction on Friday, September 25th. The shares were sold at an average price of $125.62, for a total value of $882,103.64. Following the completion of the sale, the executive vice president directly owned 14,625 shares in the company, valued at approximately $1,837,192.50. This represents a 32.44% 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. Over the last ninety days, insiders have sold 12,135 shares of company stock valued at $1,467,221. 2.30% of the stock is currently owned by insiders.

Akamai Technologies Price Performance

Shares of NASDAQ AKAM traded down $4.51 during mid-day trading on Friday, reaching $87.81. The company had a trading volume of 7,422,386 shares, compared to its average volume of 6,708,217. The company has a 50-day moving average price of $108.64 and a two-hundred day moving average price of $118.00. The stock has a market cap of $12.62 billion, a PE ratio of 31.59, a P/E/G ratio of 4.34 and a beta of 0.62. Akamai Technologies, Inc. has a 1-year low of $70.82 and a 1-year high of $165.45. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.23.

Akamai Technologies (NASDAQ:AKAM) last announced its quarterly earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.02. Akamai Technologies had a return on equity of 11.32% and a net margin of 9.51%. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period in the previous year, the company earned $1.73 EPS. The firm’s revenue was up 5.4% on a year-over-year basis. Akamai Technologies has set its Q3 2026 guidance at 1.600-1.800 EPS and its FY 2026 guidance at 6.400-7.050 EPS. On average, equities analysts anticipate that Akamai Technologies, Inc. will post 3.58 earnings per share for the current year.

Akamai Technologies Profile

Akamai Technologies, Inc (NASDAQ: AKAM) provides cloud computing, cybersecurity and content delivery services for businesses and public-sector organizations. Its distributed edge platform helps customers deliver websites, applications, media and other digital experiences while improving performance, availability and scalability.

The company’s services include web and application performance optimization, content delivery, cloud infrastructure, application and API security, distributed denial-of-service protection, zero-trust security and bot management.