Geode Capital Management LLC Sells 60,170 Shares of Akamai Technologies, Inc. $AKAM

Geode Capital Management LLC trimmed its position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 1.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,122,761 shares of the technology infrastructure company’s stock after selling 60,170 shares during the period. Geode Capital Management LLC’s holdings in Akamai Technologies were worth $361,454,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of AKAM. AQR Capital Management LLC raised its position in shares of Akamai Technologies by 522.8% during the 3rd quarter. AQR Capital Management LLC now owns 2,020,346 shares of the technology infrastructure company’s stock valued at $153,061,000 after purchasing an additional 1,695,937 shares during the period. Alyeska Investment Group L.P. raised its position in shares of Akamai Technologies by 570.0% during the 3rd quarter. Alyeska Investment Group L.P. now owns 1,634,040 shares of the technology infrastructure company’s stock valued at $123,795,000 after purchasing an additional 1,390,167 shares during the period. LSV Asset Management raised its position in shares of Akamai Technologies by 1,467.8% during the 4th quarter. LSV Asset Management now owns 783,900 shares of the technology infrastructure company’s stock valued at $68,395,000 after purchasing an additional 733,900 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Akamai Technologies by 35.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,331,333 shares of the technology infrastructure company’s stock valued at $176,626,000 after purchasing an additional 612,071 shares during the period. Finally, Vinva Investment Management Ltd grew its stake in Akamai Technologies by 664.1% during the third quarter. Vinva Investment Management Ltd now owns 310,317 shares of the technology infrastructure company’s stock valued at $24,121,000 after acquiring an additional 269,704 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Anthony P. Williams sold 15,000 shares of Akamai Technologies stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $104.29, for a total transaction of $1,564,350.00. Following the completion of the transaction, the executive vice president directly owned 22,064 shares of the company’s stock, valued at approximately $2,301,054.56. The trade was a 40.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Madhu Ranganathan sold 3,131 shares of Akamai Technologies stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $102.00, for a total transaction of $319,362.00. Following the transaction, the director directly owned 9,160 shares of the company’s stock, valued at approximately $934,320. This represents a 25.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 42,681 shares of company stock valued at $4,382,493 in the last quarter. 2.30% of the stock is currently owned by company insiders.

Akamai Technologies Stock Performance

Shares of NASDAQ:AKAM opened at $154.01 on Tuesday. Akamai Technologies, Inc. has a 52 week low of $69.78 and a 52 week high of $165.45. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.84. The firm has a fifty day simple moving average of $120.94 and a two-hundred day simple moving average of $103.52. The stock has a market capitalization of $22.39 billion, a P/E ratio of 51.86, a PEG ratio of 4.67 and a beta of 0.59.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings results on Thursday, May 7th. The technology infrastructure company reported $1.61 EPS for the quarter, hitting analysts’ consensus estimates of $1.61. Akamai Technologies had a net margin of 10.20% and a return on equity of 12.96%. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the previous year, the company earned $1.70 EPS. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. 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 3.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AKAM. Piper Sandler reaffirmed a “neutral” rating and set a $156.00 target price (up from $114.00) on shares of Akamai Technologies in a research note on Friday, May 8th. Raymond James Financial raised their target price on shares of Akamai Technologies from $140.00 to $170.00 in a research note on Monday, May 11th. Guggenheim raised their target price on shares of Akamai Technologies from $133.00 to $181.00 and gave the company a “buy” rating in a research note on Friday, May 8th. KeyCorp raised their target price on shares of Akamai Technologies from $115.00 to $120.00 and gave the company an “overweight” rating in a research note on Friday, February 20th. Finally, The Goldman Sachs Group raised their target price 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. Twelve research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Akamai Technologies has a consensus rating of “Hold” and an average price target of $145.29.

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.