Munich Reinsurance Co Stock Corp in Munich Takes $3.34 Million Position in Akamai Technologies, Inc. $AKAM

Key Points

• Munich Re bought a new position of 44,023 shares in Akamai, valued at approximately $3.34 million, per an SEC filing for Q3.
• Akamai beat expectations with $1.84 EPS (vs. $1.75 est.) and $1.09B revenue (up 7.4% y/y), and set FY2026 guidance of $6.20–$7.20 EPS.
• Insiders have been net sellers—59,112 shares (~$5.81M) sold in the last three months—while institutional investors own 94.28% of the company.

Munich Reinsurance Co Stock Corp in Munich purchased a new position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 44,023 shares of the technology infrastructure company's stock, valued at approximately $3,335,000.

Several other institutional investors also recently modified their holdings of AKAM. Hantz Financial Services Inc. boosted its holdings in Akamai Technologies by 24.3% in the third quarter. Hantz Financial Services Inc. now owns 830 shares of the technology infrastructure company's stock worth $63,000 after acquiring an additional 162 shares in the last quarter. Main Management ETF Advisors LLC increased its holdings in shares of Akamai Technologies by 1.7% during the second quarter. Main Management ETF Advisors LLC now owns 11,728 shares of the technology infrastructure company's stock valued at $935,000 after acquiring an additional 192 shares in the last quarter. Metis Global Partners LLC increased its holdings in shares of Akamai Technologies by 1.9% during the third quarter. Metis Global Partners LLC now owns 10,486 shares of the technology infrastructure company's stock valued at $794,000 after acquiring an additional 192 shares in the last quarter. TD Waterhouse Canada Inc. raised its position 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 period. Finally, Meridian Wealth Management LLC raised its position in shares of Akamai Technologies by 3.2% during the second quarter. Meridian Wealth Management LLC now owns 6,354 shares of the technology infrastructure company's stock worth $507,000 after purchasing an additional 196 shares during the period. Institutional investors own 94.28% of the company's stock.

Akamai Technologies Trading Down 1.1%

NASDAQ AKAM opened at $99.89 on Friday. The firm has a market capitalization of $14.47 billion, a P/E ratio of 32.43, a PEG ratio of 3.37 and a beta of 0.72. The business has a fifty day simple moving average of $95.98 and a 200 day simple moving average of $85.95. Akamai Technologies, Inc. has a 12 month low of $67.51 and a 12 month high of $113.50. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 0.82.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last issued 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. Akamai Technologies had a return on equity of 13.86% and a net margin of 10.74%.The business had revenue of $1.09 billion for the quarter, compared to analysts' expectations of $1.08 billion. During the same period last year, the business earned $1.66 EPS. The business's revenue was up 7.4% on a year-over-year basis. 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, analysts predict that Akamai Technologies, Inc. will post 4.6 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AKAM. Piper Sandler lifted their price target on shares of Akamai Technologies from $89.00 to $97.00 and gave the company a "neutral" rating in a research report on Monday, February 23rd. KeyCorp raised their price objective on shares of Akamai Technologies from $115.00 to $120.00 and gave the company an "overweight" rating in a research note on Friday, February 20th. Weiss Ratings reiterated a "hold (c)" rating on shares of Akamai Technologies in a report on Monday, December 29th. Oppenheimer boosted their target price on shares of Akamai Technologies from $100.00 to $115.00 and gave the stock an "outperform" rating in a research report on Thursday, February 5th. Finally, DA Davidson upped their target price on shares of Akamai Technologies from $115.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday, February 12th. Ten analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $108.84.

Insider Activity at Akamai Technologies

In related news, Director Jon Miller sold 11,000 shares of the business's stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $102.67, for a total transaction of $1,129,370.00. Following the transaction, the director directly owned 22,806 shares in the company, valued at approximately $2,341,492.02. The trade was a 32.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Edward J. Mcgowan sold 6,560 shares of the company's stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $88.03, for a total transaction of $577,476.80. Following the completion of the sale, the chief financial officer directly owned 16,442 shares of the company's stock, valued at $1,447,389.26. The trade was a 28.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 59,112 shares of company stock valued at $5,812,929 over the last three months. Insiders own 2.00% 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.