M&T Bank Corp Purchases 10,231 Shares of Akamai Technologies, Inc. $AKAM

Key Points

• M&T Bank Corp increased its stake in Akamai by 144.4%, buying 10,231 shares to hold 17,315 shares valued at about $1.51 million in the latest 13F filing.
• Analyst coverage is mixed—nine Buys, ten Holds and two Sells—giving an average rating of "Hold" and an average price target of $112.37, though firms like Oppenheimer and Morgan Stanley recently raised targets while Goldman kept a sell stance.
• Company insiders have been net sellers, offloading 57,454 shares worth $5.89 million in the past three months (including notable sales by the CTO and EVP), and insiders now own about 2.30% of the stock.

M&T Bank Corp lifted its position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 144.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,315 shares of the technology infrastructure company's stock after purchasing an additional 10,231 shares during the period. M&T Bank Corp's holdings in Akamai Technologies were worth $1,511,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Akamai Technologies by 295.3% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 336 shares of the technology infrastructure company's stock worth $26,000 after purchasing an additional 251 shares during the last quarter. TD Waterhouse Canada Inc. grew its holdings in shares of Akamai Technologies by 130.0% during the third quarter. TD Waterhouse Canada Inc. now owns 345 shares of the technology infrastructure company's stock worth $26,000 after purchasing an additional 195 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Akamai Technologies by 566.7% during the third quarter. Smartleaf Asset Management LLC now owns 340 shares of the technology infrastructure company's stock worth $26,000 after purchasing an additional 289 shares during the last quarter. JFS Wealth Advisors LLC grew its holdings in shares of Akamai Technologies by 626.2% during the fourth quarter. JFS Wealth Advisors LLC now owns 305 shares of the technology infrastructure company's stock worth $27,000 after purchasing an additional 263 shares during the last quarter. Finally, Wolff Wiese Magana LLC grew its holdings in shares of Akamai Technologies by 497.0% during the third quarter. Wolff Wiese Magana LLC now owns 400 shares of the technology infrastructure company's stock worth $30,000 after purchasing an additional 333 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on AKAM. Wall Street Zen cut Akamai Technologies from a "buy" rating to a "hold" rating in a report on Saturday, January 31st. Oppenheimer upped their target price on Akamai Technologies from $115.00 to $130.00 and gave the company an "outperform" rating in a report on Thursday, April 23rd. The Goldman Sachs Group upped their target price on Akamai Technologies from $69.00 to $76.00 and gave the company a "sell" rating in a report on Friday, February 20th. Weiss Ratings reiterated a "hold (c)" rating on shares of Akamai Technologies in a report on Friday, March 27th. Finally, Morgan Stanley upped their target price on Akamai Technologies from $115.00 to $120.00 and gave the company an "overweight" rating in a report on Friday, February 20th. Nine research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, Akamai Technologies presently has an average rating of "Hold" and an average price target of $112.37.

Insider Activity

In other Akamai Technologies news, CTO Robert Blumofe sold 3,500 shares of the stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $108.00, for a total transaction of $378,000.00. Following the transaction, the chief technology officer directly owned 14,574 shares in the company, valued at approximately $1,573,992. This represents a 19.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $1,564,350.00. Following the transaction, the executive vice president owned 22,064 shares in the company, valued at $2,301,054.56. The trade was a 40.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 57,454 shares of company stock worth $5,889,371. Company insiders own 2.30% of the company's stock.

Akamai Technologies Stock Performance

Shares of AKAM stock opened at $99.80 on Thursday. The business's 50 day simple moving average is $104.29 and its 200 day simple moving average is $93.54. Akamai Technologies, Inc. has a one year low of $69.78 and a one year high of $121.12. The stock has a market capitalization of $14.47 billion, a PE ratio of 32.40, a PEG ratio of 3.29 and a beta of 0.59. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.36 and a quick ratio of 2.36.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last announced its earnings results on Thursday, February 19th. The technology infrastructure company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.75 by $0.09. The business had revenue of $1.09 billion for the quarter, compared to analysts' expectations of $1.08 billion. Akamai Technologies had a return on equity of 13.86% and a net margin of 10.74%.The firm's revenue was up 7.4% on a year-over-year basis. During the same period 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. As a group, research analysts forecast that Akamai Technologies, Inc. will post 4.17 earnings per share for the current 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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