145,748 Akamai Technologies, Inc. $AKAM Shares Sold by Vontobel Holding Ltd.

Key Points

• Vontobel Holding reduced its Akamai Technologies stake by 11.6%, selling 145,748 shares in the third quarter and retaining 1.1 million shares valued at approximately $117.6 million. Institutional investors collectively own 94.28% of the company.
• Akamai shares fell 4.9% to $87.81, well below the 50-day and 200-day moving averages. The company nevertheless exceeded quarterly earnings and revenue expectations, reporting $1.59 in adjusted EPS and $1.10 billion in revenue.
• Analyst sentiment remains mixed but generally constructive: Akamai has a consensus “Hold” rating and a $150.10 price target, while recent targets range from $148 to $225. Insiders also sold 12,135 shares worth $1.47 million during the last quarter.

Vontobel Holding Ltd. trimmed its position in Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 11.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,105,322 shares of the technology infrastructure company's stock after selling 145,748 shares during the period. Vontobel Holding Ltd. owned approximately 0.77% of Akamai Technologies worth $117,551,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Silvant Capital Management LLC purchased a new stake in Akamai Technologies during the 2nd quarter worth about $32,000. Cedar Mountain Advisors LLC purchased a new stake in shares of Akamai Technologies during the 1st quarter valued at about $47,000. Persistent Asset Partners Ltd purchased a new position in Akamai Technologies in the 2nd quarter valued at about $54,000. BOK Financial Private Wealth Inc. acquired a new stake in shares of Akamai Technologies in the 2nd quarter valued at about $69,000. Finally, Pension & Wealth Management Advisors Inc. lifted its stake in Akamai Technologies by 43.1% during the third quarter. Pension & Wealth Management Advisors Inc. now owns 644 shares of the technology infrastructure company's stock worth $68,000 after purchasing an additional 194 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company's stock.

Akamai Technologies Trading Down 4.9%

Shares of Akamai Technologies stock traded down $4.51 during trading on Friday, reaching $87.81. 7,422,386 shares of the company were exchanged, compared to its average volume of 6,708,217. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.23. Akamai Technologies, Inc. has a twelve month low of $70.82 and a twelve month high of $165.45. The business has a 50-day moving average price of $108.64 and a 200-day moving average price of $118.00. The firm has a market capitalization of $12.62 billion, a price-to-earnings ratio of 31.59, a P/E/G ratio of 4.34 and a beta of 0.62.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share for the quarter, topping 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 company had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.09 billion. During the same period in the prior year, the firm earned $1.73 earnings per share. Akamai Technologies's revenue for the quarter was up 5.4% compared to the same quarter last year. 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. Sell-side analysts anticipate that Akamai Technologies, Inc. will post 3.58 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on AKAM. UBS Group raised their target price on Akamai Technologies from $143.00 to $148.00 and gave the company a "neutral" rating in a research report on Friday, September 25th. Wall Street Zen upgraded shares of Akamai Technologies from a "sell" rating to a "hold" rating in a report on Saturday. Piper Sandler reissued an "overweight" rating and issued a $158.00 price target (up from $125.00) on shares of Akamai Technologies in a research note on Friday, September 25th. Guggenheim boosted their target price on shares of Akamai Technologies from $190.00 to $225.00 and gave the company a "buy" rating in a research note on Friday, September 25th. Finally, Raymond James Financial reaffirmed an "outperform" rating and set a $170.00 target price on shares of Akamai Technologies in a research note on Tuesday, September 29th. Thirteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Akamai Technologies presently has a consensus rating of "Hold" and a consensus price target of $150.10.

Insider Activity at Akamai Technologies

In other news, EVP Paul Joseph sold 3,100 shares of the company's stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $105.63, for a total transaction of $327,453.00. Following the completion of the transaction, the executive vice president directly owned 28,472 shares in the company, valued at approximately $3,007,497.36. This represents a 9.82% decrease in their ownership of the stock. 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 Kim Salem-Jackson sold 2,013 shares of the stock in a transaction dated Friday, September 25th. The shares were sold at an average price of $128.00, for a total value of $257,664.00. Following the completion of the sale, the executive vice president directly owned 57,197 shares of the company's stock, valued at approximately $7,321,216. The trade was a 3.40% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 12,135 shares of company stock valued at $1,467,221 in the last quarter. Insiders own 2.30% of the company's stock.

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.

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