Fifth Third Bancorp Has $2.56 Million Stock Holdings in Akamai Technologies, Inc. $AKAM

Fifth Third Bancorp decreased its holdings in Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 32.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 29,339 shares of the technology infrastructure company's stock after selling 14,280 shares during the quarter. Fifth Third Bancorp's holdings in Akamai Technologies were worth $2,560,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC increased its position in shares of Akamai Technologies by 101.4% during the 4th quarter. Brighton Jones LLC now owns 4,016 shares of the technology infrastructure company's stock worth $384,000 after purchasing an additional 2,022 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of Akamai Technologies by 35.2% during the 1st quarter. Jones Financial Companies Lllp now owns 1,087 shares of the technology infrastructure company's stock worth $88,000 after purchasing an additional 283 shares in the last quarter. United Services Automobile Association acquired a new stake in shares of Akamai Technologies during the 1st quarter worth about $266,000. Empowered Funds LLC increased its position in shares of Akamai Technologies by 73.0% during the 1st quarter. Empowered Funds LLC now owns 7,134 shares of the technology infrastructure company's stock worth $574,000 after purchasing an additional 3,010 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of Akamai Technologies by 152.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,163 shares of the technology infrastructure company's stock worth $93,000 after purchasing an additional 703 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. UBS Group increased their target price on shares of Akamai Technologies from $90.00 to $110.00 and gave the stock a "neutral" rating in a research report on Friday, February 20th. Robert W. Baird reiterated a "neutral" rating and set a $110.00 target price on shares of Akamai Technologies in a research report on Thursday, April 2nd. Royal Bank Of Canada increased their target price on shares of Akamai Technologies from $90.00 to $100.00 and gave the stock a "sector perform" rating in a research report on Friday, February 20th. Piper Sandler increased their target price on shares of Akamai Technologies from $97.00 to $114.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 7th. Finally, Raymond James Financial set a $120.00 target price on shares of Akamai Technologies in a research report on Thursday, March 12th. Nine equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $112.37.

Akamai Technologies Stock Performance

AKAM opened at $103.87 on Monday. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $15.06 billion, a PE ratio of 33.72, a PEG ratio of 3.57 and a beta of 0.45. Akamai Technologies, Inc. has a 1-year low of $69.78 and a 1-year high of $121.12. The firm has a 50-day moving average price of $104.16 and a two-hundred day moving average price of $93.88.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last posted its quarterly earnings data on Thursday, February 19th. The technology infrastructure company reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.09. The firm had revenue of $1.09 billion during the quarter, compared to analysts' expectations of $1.08 billion. Akamai Technologies had a net margin of 10.74% and a return on equity of 13.86%. The company's quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.66 EPS. Akamai Technologies has set its FY 2026 guidance at 6.200-7.200 EPS and its Q1 2026 guidance at 1.500-1.670 EPS. As a group, equities analysts anticipate that Akamai Technologies, Inc. will post 4.17 earnings per share for the current fiscal year.

Insider Transactions at Akamai Technologies

In other Akamai Technologies news, EVP Anthony P. Williams sold 15,000 shares of the firm's stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $104.29, for a total value of $1,564,350.00. Following the completion of the sale, the executive vice president owned 22,064 shares in the company, valued at approximately $2,301,054.56. This trade represents a 40.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Mani Sundaram sold 1,722 shares of the firm's stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $98.58, for a total transaction of $169,754.76. Following the completion of the sale, the executive vice president owned 21,647 shares of the company's stock, valued at $2,133,961.26. The trade was a 7.37% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 57,454 shares of company stock worth $5,889,371. Corporate 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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