Akamai Technologies, Inc. $AKAM Stake Lessened by King Luther Capital Management Corp

Key Points

• King Luther Capital Management reduced its Akamai Technologies stake by 14.6% in the fourth quarter, selling 26,343 shares and leaving it with 153,829 shares worth about $13.4 million.
• Analysts have turned more bullish on Akamai, with Bank of America upgrading the stock to buy and several firms sharply raising price targets, though the overall consensus rating remains Hold.
• Recent results were in line with expectations: Akamai reported Q1 EPS of $1.61 on revenue of $1.07 billion, and management guided FY 2026 EPS to $6.40-$7.15.

King Luther Capital Management Corp cut its stake in Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 14.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 153,829 shares of the technology infrastructure company's stock after selling 26,343 shares during the period. King Luther Capital Management Corp owned approximately 0.11% of Akamai Technologies worth $13,422,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Employees Retirement System of Texas boosted its holdings in shares of Akamai Technologies by 204.1% in the fourth quarter. Employees Retirement System of Texas now owns 2,235 shares of the technology infrastructure company's stock valued at $195,000 after acquiring an additional 1,500 shares in the last quarter. Tandem Investment Advisors Inc. boosted its holdings in Akamai Technologies by 1.6% during the fourth quarter. Tandem Investment Advisors Inc. now owns 30,784 shares of the technology infrastructure company's stock worth $2,686,000 after buying an additional 499 shares in the last quarter. Allstate Corp boosted its holdings in Akamai Technologies by 58.9% during the fourth quarter. Allstate Corp now owns 9,486 shares of the technology infrastructure company's stock worth $828,000 after buying an additional 3,516 shares in the last quarter. Clearstead Advisors LLC boosted its holdings in Akamai Technologies by 3.1% during the fourth quarter. Clearstead Advisors LLC now owns 130,028 shares of the technology infrastructure company's stock worth $11,345,000 after buying an additional 3,913 shares in the last quarter. Finally, New Age Alpha Advisors LLC boosted its holdings in Akamai Technologies by 42.6% during the fourth quarter. New Age Alpha Advisors LLC now owns 22,192 shares of the technology infrastructure company's stock worth $1,936,000 after buying an additional 6,629 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AKAM has been the subject of a number of research reports. Bank of America upgraded shares of Akamai Technologies from a "neutral" rating to a "buy" rating and raised their target price for the stock from $130.00 to $175.00 in a report on Wednesday, May 13th. Susquehanna raised their target price on shares of Akamai Technologies from $120.00 to $175.00 and gave the stock a "positive" rating in a report on Monday, May 11th. Scotiabank raised their target price on shares of Akamai Technologies from $120.00 to $180.00 and gave the stock a "sector outperform" rating in a report on Friday, May 8th. Wall Street Zen cut shares of Akamai Technologies from a "buy" rating to a "hold" rating in a report on Saturday, January 31st. Finally, Piper Sandler restated a "neutral" rating and set a $156.00 target price (up from $114.00) on shares of Akamai Technologies in a report on Friday, May 8th. Twelve investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $145.29.

Akamai Technologies Stock Down 2.6%

Shares of NASDAQ:AKAM opened at $144.43 on Thursday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.06 and a current ratio of 2.06. The company has a market cap of $21.00 billion, a PE ratio of 48.63, a price-to-earnings-growth ratio of 4.64 and a beta of 0.45. Akamai Technologies, Inc. has a 52 week low of $69.78 and a 52 week high of $165.45. The firm has a 50 day simple moving average of $118.50 and a 200 day simple moving average of $102.22.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The technology infrastructure company reported $1.61 EPS for the quarter, meeting the consensus estimate of $1.61. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate 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 quarter in the prior year, the firm 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. As a group, research analysts expect that Akamai Technologies, Inc. will post 3.93 earnings per share for the current year.

Insider Activity

In related news, EVP Mani Sundaram sold 1,722 shares of the company's stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $98.58, for a total value of $169,754.76. Following the completion of the sale, the executive vice president owned 21,647 shares in the company, valued at approximately $2,133,961.26. This represents a 7.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Madhu Ranganathan sold 3,131 shares of the company's stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $102.00, for a total transaction of $319,362.00. Following the completion of the sale, the director owned 9,160 shares of the company's stock, valued at approximately $934,320. This trade represents a 25.47% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 42,681 shares of company stock worth $4,382,493 in the last quarter. Insiders own 2.30% of the company's stock.

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.

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