Sterling Capital Management LLC Sells 19,489 Shares of Akamai Technologies, Inc. $AKAM

Sterling Capital Management LLC decreased its stake in Akamai Technologies, Inc. (NASDAQ:AKAM) by 9.6% in the first quarter, Holdings Channel.com reports. The firm owned 184,551 shares of the technology infrastructure company’s stock after selling 19,489 shares during the period. Sterling Capital Management LLC’s holdings in Akamai Technologies were worth $21,196,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of AKAM. Grantham Mayo Van Otterloo & Co. LLC lifted its position in Akamai Technologies by 42.4% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 251,322 shares of the technology infrastructure company’s stock worth $19,040,000 after buying an additional 74,791 shares during the last quarter. HighTower Advisors LLC boosted its stake in Akamai Technologies by 132.4% during the fourth quarter. HighTower Advisors LLC now owns 25,960 shares of the technology infrastructure company’s stock worth $2,265,000 after buying an additional 14,792 shares during the period. Invenomic Capital Management LP increased its position in Akamai Technologies by 16.6% during the third quarter. Invenomic Capital Management LP now owns 499,097 shares of the technology infrastructure company’s stock valued at $37,812,000 after acquiring an additional 71,173 shares during the last quarter. Leeward Investments LLC MA raised its stake in shares of Akamai Technologies by 32.6% in the fourth quarter. Leeward Investments LLC MA now owns 148,104 shares of the technology infrastructure company’s stock valued at $12,922,000 after acquiring an additional 36,395 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its stake in shares of Akamai Technologies by 88.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 461,461 shares of the technology infrastructure company’s stock valued at $40,262,000 after acquiring an additional 216,222 shares during the period. Institutional investors own 94.28% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on AKAM. Zacks Research lowered shares of Akamai Technologies from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. The Goldman Sachs Group upped their price target on shares of Akamai Technologies from $76.00 to $87.00 and gave the company a “sell” rating in a report on Friday, May 8th. UBS Group increased their price objective on shares of Akamai Technologies from $110.00 to $160.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. JPMorgan Chase & Co. raised their price objective on shares of Akamai Technologies from $72.00 to $100.00 in a research note on Friday, May 8th. Finally, Susquehanna boosted their target price on Akamai Technologies from $120.00 to $175.00 and gave the company a “positive” rating in a research report on Monday, May 11th. Twelve analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $145.29.

Akamai Technologies Trading Up 0.4%

AKAM stock opened at $113.29 on Friday. The company has a market capitalization of $16.47 billion, a PE ratio of 38.14, a P/E/G ratio of 3.53 and a beta of 0.60. Akamai Technologies, Inc. has a 12 month low of $69.78 and a 12 month high of $165.45. The firm’s 50-day moving average is $129.92 and its 200 day moving average is $109.44. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.06 and a quick ratio of 2.06.

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, meeting the consensus estimate of $1.61. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Akamai Technologies had a net margin of 10.20% and a return on equity of 12.96%. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the company earned $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. On average, research analysts anticipate that Akamai Technologies, Inc. will post 3.93 EPS for the current year.

Insider Activity at Akamai Technologies

In related news, EVP Kim Salem-Jackson sold 2,300 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $135.57, for a total value of $311,811.00. Following the completion of the sale, the executive vice president owned 59,210 shares in the company, valued at approximately $8,027,099.70. The trade was a 3.74% decrease in their ownership of the stock. The sale was disclosed in a document filed 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, CTO Robert Blumofe sold 243 shares of the stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $129.41, for a total value of $31,446.63. Following the completion of the transaction, the chief technology officer directly owned 31,006 shares in the company, valued at approximately $4,012,486.46. This trade represents a 0.78% 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. Insiders own 2.30% of the company’s stock.

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.