Akamai Technologies, Inc. $AKAM Stock: Sumitomo Mitsui DS Asset Management Company Ltd Increases Holdings

Key Points

• Sumitomo Mitsui DS Asset Management increased its Akamai stake by 590.2% in the third quarter, bringing its holdings to 30,009 shares valued at approximately $3.19 million. Institutional investors and hedge funds collectively own 94.28% of the stock.
• Analyst sentiment remains mixed but broadly positive, with Akamai carrying a “Moderate Buy” consensus rating and an average price target of $146. Recent calls included a Raymond James upgrade to Strong Buy, while UBS sharply cut its target to $100 and maintained a Neutral rating.
• Akamai’s latest quarterly results modestly exceeded expectations, with EPS of $1.59 versus the $1.57 consensus and revenue of $1.10 billion, up 5.4% year over year. The stock opened at $91.13, well below its 52-week high of $165.45.

Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 590.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,009 shares of the technology infrastructure company's stock after acquiring an additional 25,661 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Akamai Technologies were worth $3,191,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Kercheville Advisors LLC lifted its holdings in shares of Akamai Technologies by 24.4% during the third quarter. Kercheville Advisors LLC now owns 10,200 shares of the technology infrastructure company's stock valued at $1,085,000 after purchasing an additional 2,000 shares during the last quarter. SteelPeak Wealth LLC purchased a new position in Akamai Technologies in the 3rd quarter worth about $547,000. USA Financial Formulas purchased a new position in Akamai Technologies in the 3rd quarter worth about $267,000. TD Waterhouse Canada Inc. acquired a new stake in Akamai Technologies during the 3rd quarter worth about $335,000. Finally, Pension & Wealth Management Advisors Inc. raised its holdings in Akamai Technologies by 43.1% during the 3rd quarter. Pension & Wealth Management Advisors Inc. now owns 644 shares of the technology infrastructure company's stock worth $68,000 after buying an additional 194 shares during the period. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AKAM has been the subject of a number of analyst reports. Zacks Research raised shares of Akamai Technologies from a "strong sell" rating to a "hold" rating in a research note on Monday, July 13th. DA Davidson cut their price target on shares of Akamai Technologies from $185.00 to $150.00 and set a "buy" rating on the stock in a report on Monday, September 28th. JPMorgan Chase & Co. upped their price target on shares of Akamai Technologies from $158.00 to $167.00 and gave the company a "neutral" rating in a research report on Friday, September 25th. Guggenheim upped their price target on shares of Akamai Technologies from $190.00 to $225.00 and gave the company a "buy" rating in a research report on Friday, September 25th. Finally, Citigroup decreased their price objective on shares of Akamai Technologies from $160.00 to $122.00 and set a "neutral" rating for the company in a research note on Friday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $146.00.

Insider Buying and Selling at Akamai Technologies

In other Akamai Technologies news, EVP Paul Joseph sold 3,100 shares of the stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $105.63, for a total value of $327,453.00. Following the completion of the sale, the executive vice president owned 28,472 shares in the company, valued at $3,007,497.36. This represents a 9.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 that occurred on Friday, September 25th. The stock was sold at an average price of $128.00, for a total transaction of $257,664.00. Following the completion of the sale, the executive vice president 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 12,135 shares of company stock worth $1,467,221. 2.30% of the stock is currently owned by company insiders.

Akamai Technologies Trading Up 1.0%

Shares of NASDAQ AKAM opened at $91.13 on Friday. Akamai Technologies, Inc. has a one year low of $70.82 and a one year high of $165.45. The firm has a market capitalization of $13.10 billion, a PE ratio of 32.78, a PEG ratio of 4.25 and a beta of 0.62. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.23. The business has a 50-day moving average price of $106.16 and a two-hundred day moving average price of $117.29.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last released its earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.02. The company had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.09 billion. Akamai Technologies had a return on equity of 11.32% and a net margin of 9.51%. The business's revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.73 EPS. 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. As a group, analysts predict that Akamai Technologies, Inc. will post 3.58 earnings per share for the current fiscal year.

Key Akamai Technologies News

Here are the key news stories impacting Akamai Technologies this week:

• Positive Sentiment: Raymond James upgraded Akamai to Strong Buy and maintained a $170 price target following the recent selloff tied to concerns about artificial intelligence. The upgrade indicates the firm views the decline as excessive and sees substantial recovery potential. Raymond James lifts Akamai to Strong Buy after ‘AI Is Dead’ selloff
• Positive Sentiment: Piper Sandler kept an Overweight rating on Akamai while lowering its price target from $158 to $120. The revised target still implies meaningful upside from current levels, signaling that the firm remains constructive despite reducing its estimates. Piper Sandler lowers Akamai price target
• Positive Sentiment: Akamai’s Guardicore security technology is being integrated with FireMon’s policy control platform to support microsegmentation. The integration could improve Akamai’s enterprise security distribution and visibility, although the immediate financial impact was not disclosed. FireMon extends policy control plane with Akamai Guardicore integration
• Negative Sentiment: UBS cut its Akamai price target sharply from $148 to $100 and maintained a Neutral rating. While the new target still indicates limited upside, the substantial reduction signals weaker confidence in the company’s near-term growth or valuation prospects. UBS adjusts Akamai price target

Akamai Technologies Company Profile

Akamai Technologies, Inc provides cloud, cybersecurity and content-delivery services that help organizations operate and protect applications, websites and digital media over the internet. Its distributed edge platform is designed to deliver online content closer to end users while improving performance, availability and resilience.

The company's services include content delivery and application performance solutions, cloud computing capabilities, web and application security, distributed denial-of-service protection, bot management and zero-trust security tools.

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