Mitsubishi UFJ Trust & Banking Corp Sells 188,340 Shares of Akamai Technologies, Inc. $AKAM

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 96.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,049 shares of the technology infrastructure company's stock after selling 188,340 shares during the period. Mitsubishi UFJ Trust & Banking Corp's holdings in Akamai Technologies were worth $615,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Nordea Investment Management AB increased its stake in shares of Akamai Technologies by 39.9% during the third quarter. Nordea Investment Management AB now owns 3,437,472 shares of the technology infrastructure company's stock worth $258,739,000 after purchasing an additional 980,966 shares during the period. Invesco Ltd. increased its stake in shares of Akamai Technologies by 5.8% during the third quarter. Invesco Ltd. now owns 3,239,099 shares of the technology infrastructure company's stock worth $245,394,000 after purchasing an additional 177,756 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Akamai Technologies by 35.6% during the third quarter. Dimensional Fund Advisors LP now owns 2,331,333 shares of the technology infrastructure company's stock worth $176,626,000 after purchasing an additional 612,071 shares during the period. AQR Capital Management LLC increased its stake in shares of Akamai Technologies by 522.8% during the third quarter. AQR Capital Management LLC now owns 2,020,346 shares of the technology infrastructure company's stock worth $153,061,000 after purchasing an additional 1,695,937 shares during the period. Finally, Alyeska Investment Group L.P. increased its stake in shares of Akamai Technologies by 570.0% during the third quarter. Alyeska Investment Group L.P. now owns 1,634,040 shares of the technology infrastructure company's stock worth $123,795,000 after purchasing an additional 1,390,167 shares during the period. Institutional investors own 94.28% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Citigroup increased their target price on Akamai Technologies from $103.00 to $110.00 and gave the stock a "neutral" rating in a research note on Friday, February 20th. Royal Bank Of Canada increased their target price on Akamai Technologies from $90.00 to $100.00 and gave the stock a "sector perform" rating in a research note on Friday, February 20th. KeyCorp increased their target price on Akamai Technologies from $115.00 to $120.00 and gave the stock an "overweight" rating in a research note on Friday, February 20th. Oppenheimer increased their target price on Akamai Technologies from $115.00 to $130.00 and gave the stock an "outperform" rating in a research note on Thursday, April 23rd. Finally, TD Cowen lowered their target price on Akamai Technologies from $104.00 to $100.00 and set a "hold" rating on the stock in a research note on Friday, February 20th. Nine equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $112.37.

Insider Buying and Selling at Akamai Technologies

In related news, EVP Anthony P. Williams sold 15,000 shares of the stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $104.29, for a total transaction of $1,564,350.00. Following the sale, the executive vice president owned 22,064 shares of the company's stock, valued at $2,301,054.56. This represents a 40.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Mani Sundaram sold 1,722 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $98.58, for a total value of $169,754.76. Following the sale, the executive vice president directly owned 21,647 shares in the company, valued at $2,133,961.26. This represents a 7.37% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 57,454 shares of company stock valued at $5,889,371 over the last ninety days. 2.30% of the stock is owned by corporate insiders.

Akamai Technologies Trading Up 11.5%

Shares of NASDAQ:AKAM opened at $117.94 on Wednesday. The company has a market capitalization of $17.10 billion, a P/E ratio of 38.29, a P/E/G ratio of 3.63 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 company has a debt-to-equity ratio of 0.82, a current ratio of 2.36 and a quick ratio of 2.36. The business's 50 day simple moving average is $104.63 and its 200 day simple moving average is $94.19.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last issued its quarterly earnings results on Thursday, February 19th. The technology infrastructure company reported $1.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.75 by $0.09. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.08 billion. Akamai Technologies had a return on equity of 13.86% and a net margin of 10.74%.The firm's quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.66 earnings per share. 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. On average, research analysts anticipate that Akamai Technologies, Inc. will post 4.17 EPS for the current fiscal year.

Akamai Technologies 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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