Akamai Technologies, Inc. $AKAM Stock Holdings Decreased by Diversified Trust Co

Key Points

• Diversified Trust Co cut its Akamai Technologies stake by 43.8% in the first quarter, selling 9,197 shares and leaving it with 11,798 shares worth about $1.36 million.
• Akamai reported Q1 earnings and revenue that matched Wall Street expectations, with EPS of $1.61 on revenue of $1.07 billion; revenue rose 5.8% year over year.
• Analysts have turned more positive on the stock, with several firms raising price targets and 12 analysts rating it a Buy, though the average consensus remains Hold with a $145.29 target.

Diversified Trust Co lowered its position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 43.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,798 shares of the technology infrastructure company's stock after selling 9,197 shares during the quarter. Diversified Trust Co's holdings in Akamai Technologies were worth $1,355,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JFS Wealth Advisors LLC raised its stake in Akamai Technologies by 626.2% during the 4th quarter. JFS Wealth Advisors LLC now owns 305 shares of the technology infrastructure company's stock valued at $27,000 after purchasing an additional 263 shares during the period. Sarver Vrooman Wealth Advisors acquired a new stake in shares of Akamai Technologies in the fourth quarter worth $31,000. Root Financial Partners LLC boosted its position in shares of Akamai Technologies by 45.8% in the fourth quarter. Root Financial Partners LLC now owns 350 shares of the technology infrastructure company's stock worth $31,000 after buying an additional 110 shares during the period. CYBER HORNET ETFs LLC purchased a new position in shares of Akamai Technologies during the second quarter valued at $32,000. Finally, WealthCollab LLC raised its position in Akamai Technologies by 154.2% during the fourth quarter. WealthCollab LLC now owns 394 shares of the technology infrastructure company's stock valued at $34,000 after buying an additional 239 shares during the period. Institutional investors and hedge funds own 94.28% of the company's stock.

Akamai Technologies Trading Down 3.3%

Shares of NASDAQ AKAM opened at $120.74 on Tuesday. The business has a 50 day simple moving average of $127.92 and a 200 day simple moving average of $108.76. Akamai Technologies, Inc. has a 52 week low of $69.78 and a 52 week high of $165.45. The stock has a market cap of $17.55 billion, a price-to-earnings ratio of 40.65, a PEG ratio of 3.91 and a beta of 0.59. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.06 and a current ratio of 2.06.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The technology infrastructure company reported $1.61 earnings per share for the quarter, meeting the consensus estimate of $1.61. The firm 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 company's revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.70 earnings per share. 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 predict that Akamai Technologies, Inc. will post 3.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on AKAM shares. Guggenheim increased their price objective on Akamai Technologies from $133.00 to $181.00 and gave the stock a "buy" rating in a research note on Friday, May 8th. JPMorgan Chase & Co. lifted their target price on Akamai Technologies from $72.00 to $100.00 in a research note on Friday, May 8th. Morgan Stanley upped their target price on Akamai Technologies from $120.00 to $165.00 and gave the company an "overweight" rating in a report on Thursday, May 14th. Raymond James Financial raised their price target on shares of Akamai Technologies from $140.00 to $170.00 in a report on Monday, May 11th. Finally, HSBC upped their price objective on shares of Akamai Technologies from $134.00 to $171.00 in a research note on Monday, May 11th. Twelve analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Akamai Technologies presently has an average rating of "Hold" and an average price target of $145.29.

Insider Buying and Selling at Akamai Technologies

In related news, CTO Robert Blumofe sold 243 shares of the company's stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $129.41, for a total value of $31,446.63. Following the completion of the sale, the chief technology officer directly owned 31,006 shares in the company, valued at approximately $4,012,486.46. This represents a 0.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kim Salem-Jackson sold 2,300 shares of the stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $135.57, for a total transaction of $311,811.00. Following the transaction, the executive vice president directly owned 59,210 shares in the company, valued at $8,027,099.70. The trade was a 3.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.30% of the company's stock.

Akamai Technologies Company 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.

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