King Luther Capital Management Corp Has $13.42 Million Holdings in Akamai Technologies, Inc. $AKAM

King Luther Capital Management Corp cut its position in Akamai Technologies, Inc. (NASDAQ:AKAM) by 14.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 153,829 shares of the technology infrastructure company’s stock after selling 26,343 shares during the quarter. King Luther Capital Management Corp’s holdings in Akamai Technologies were worth $13,422,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Assetmark Inc. grew its stake in Akamai Technologies by 31.8% in the 4th quarter. Assetmark Inc. now owns 444 shares of the technology infrastructure company’s stock valued at $39,000 after buying an additional 107 shares during the last quarter. Perigon Wealth Management LLC grew its stake in Akamai Technologies by 2.1% in the 4th quarter. Perigon Wealth Management LLC now owns 5,502 shares of the technology infrastructure company’s stock valued at $480,000 after buying an additional 115 shares during the last quarter. Allworth Financial LP grew its stake in Akamai Technologies by 6.3% in the 4th quarter. Allworth Financial LP now owns 2,196 shares of the technology infrastructure company’s stock valued at $192,000 after buying an additional 131 shares during the last quarter. Siemens Fonds Invest GmbH grew its stake in Akamai Technologies by 8.3% in the 3rd quarter. Siemens Fonds Invest GmbH now owns 2,043 shares of the technology infrastructure company’s stock valued at $155,000 after buying an additional 156 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its stake in Akamai Technologies by 24.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 830 shares of the technology infrastructure company’s stock valued at $63,000 after buying an additional 162 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on AKAM shares. 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. Morgan Stanley raised their price target on shares of Akamai Technologies from $120.00 to $165.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Evercore initiated coverage on shares of Akamai Technologies in a research report on Tuesday, April 14th. They issued an “outperform” rating and a $130.00 price target on the stock. HSBC raised their price target on shares of Akamai Technologies from $134.00 to $171.00 in a research report on Monday, May 11th. Finally, Craig Hallum upgraded shares of Akamai Technologies from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a research report on Friday, May 8th. Twelve equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $145.29.

Insider Buying and Selling at Akamai Technologies

In other news, EVP Mani Sundaram sold 8,642 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $101.25, for a total transaction of $875,002.50. Following the completion of the transaction, the executive vice president directly owned 19,923 shares of the company’s stock, valued at approximately $2,017,203.75. This trade represents a 30.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Anthony P. Williams sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $104.29, for a total transaction of $1,564,350.00. Following the transaction, the executive vice president directly owned 22,064 shares of the company’s stock, valued at $2,301,054.56. The trade was a 40.47% 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 over the last quarter. 2.30% of the stock is currently owned by insiders.

Akamai Technologies Stock Performance

NASDAQ AKAM opened at $144.43 on Thursday. 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 capitalization of $21.00 billion, a price-to-earnings ratio of 48.63, a P/E/G ratio of 4.64 and a beta of 0.45. The company’s fifty day moving average is $118.50 and its two-hundred day moving average is $102.22. Akamai Technologies, Inc. has a 52-week low of $69.78 and a 52-week high of $165.45.

Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings results 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 company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. Akamai Technologies had a net margin of 10.20% and a return on equity of 12.96%. The business’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the business posted $1.70 EPS. 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. Equities research analysts forecast that Akamai Technologies, Inc. will post 3.93 EPS for the current year.

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.