Akamai Technologies, Inc. $AKAM Shares Sold by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S lowered its stake in Akamai Technologies, Inc. (NASDAQ:AKAM) by 35.6% during the first quarter, Holdings Channel.com reports. The institutional investor owned 10,983 shares of the technology infrastructure company’s stock after selling 6,065 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Akamai Technologies were worth $1,261,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. World Investment Advisors purchased a new stake in shares of Akamai Technologies in the fourth quarter valued at $251,000. Corient Private Wealth LLC increased its position in Akamai Technologies by 5.6% during the 4th quarter. Corient Private Wealth LLC now owns 27,486 shares of the technology infrastructure company’s stock worth $2,402,000 after purchasing an additional 1,457 shares in the last quarter. Rehmann Capital Advisory Group acquired a new position in Akamai Technologies in the 4th quarter valued at about $253,000. Employees Provident Fund Board acquired a new position in Akamai Technologies in the 4th quarter valued at about $9,118,000. Finally, Reflection Asset Management purchased a new position in Akamai Technologies in the 4th quarter valued at about $225,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on AKAM. Zacks Research cut shares of Akamai Technologies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. The Goldman Sachs Group upped their price objective on shares of Akamai Technologies from $76.00 to $87.00 and gave the company a “sell” rating in a research note on Friday, May 8th. Oppenheimer raised their target price on shares of Akamai Technologies from $115.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Royal Bank Of Canada lifted their target price on shares of Akamai Technologies from $100.00 to $150.00 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. Finally, HSBC boosted their price target on Akamai Technologies from $134.00 to $171.00 in a report on Monday, May 11th. Twelve investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $145.29.

Insider Activity

In other Akamai Technologies news, CTO Robert Blumofe sold 243 shares of the firm’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $129.41, for a total value 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 trade represents a 0.78% 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, EVP Kim Salem-Jackson sold 2,300 shares of the business’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $135.57, for a total value of $311,811.00. Following the transaction, the executive vice president owned 59,210 shares in the company, valued at approximately $8,027,099.70. This represents a 3.74% decrease in their position. 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. Company insiders own 2.30% of the company’s stock.

Akamai Technologies Price Performance

Akamai Technologies stock opened at $119.34 on Thursday. Akamai Technologies, Inc. has a 52-week low of $69.78 and a 52-week high of $165.45. The firm has a fifty day moving average of $128.98 and a 200-day moving average of $109.21. The firm has a market capitalization of $17.35 billion, a P/E ratio of 40.18, a PEG ratio of 3.75 and a beta of 0.60. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.84.

Akamai Technologies (NASDAQ:AKAM) last posted its earnings results on Thursday, May 7th. The technology infrastructure company reported $1.61 earnings per share for the quarter, meeting the consensus estimate of $1.61. Akamai Technologies had a net margin of 10.20% and a return on equity of 12.96%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the business posted $1.70 EPS. The business’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. As a group, analysts predict that Akamai Technologies, Inc. will post 3.93 EPS for the current year.

About Akamai Technologies

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.