Pictet Asset Management Holding SA Cuts Stake in Akamai Technologies, Inc. $AKAM

Key Points

• Pictet Asset Management Holding SA reduced its stake in Akamai by 65.7% in Q4, selling 60,435 shares and retaining 31,485 shares worth $2.747 million.
• Akamai beat quarterly estimates with $1.84 EPS (vs. $1.75 expected) and $1.09B revenue, and issued FY2026 guidance of 6.200–7.200 EPS and Q1 guidance of 1.500–1.670 EPS.
• Several large funds (AQR, Alyeska, Nordea, Dimensional, Vinva) materially increased positions earlier, and hedge funds/institutions now own 94.28% of the stock.

Pictet Asset Management Holding SA reduced its stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 65.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,485 shares of the technology infrastructure company's stock after selling 60,435 shares during the quarter. Pictet Asset Management Holding SA's holdings in Akamai Technologies were worth $2,747,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in AKAM. AQR Capital Management LLC grew its holdings in Akamai Technologies by 522.8% during the 3rd quarter. AQR Capital Management LLC now owns 2,020,346 shares of the technology infrastructure company's stock valued at $153,061,000 after buying an additional 1,695,937 shares in the last quarter. Alyeska Investment Group L.P. grew its holdings in Akamai Technologies by 570.0% during the 3rd quarter. Alyeska Investment Group L.P. now owns 1,634,040 shares of the technology infrastructure company's stock valued at $123,795,000 after buying an additional 1,390,167 shares in the last quarter. Nordea Investment Management AB grew its holdings in Akamai Technologies by 39.9% during the 3rd quarter. Nordea Investment Management AB now owns 3,437,472 shares of the technology infrastructure company's stock valued at $258,739,000 after buying an additional 980,966 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Akamai Technologies by 35.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,331,333 shares of the technology infrastructure company's stock valued at $176,626,000 after buying an additional 612,071 shares in the last quarter. Finally, Vinva Investment Management Ltd grew its holdings in Akamai Technologies by 664.1% during the 3rd quarter. Vinva Investment Management Ltd now owns 310,317 shares of the technology infrastructure company's stock valued at $24,121,000 after buying an additional 269,704 shares in the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Akamai Technologies Stock Up 1.8%

NASDAQ AKAM opened at $105.78 on Tuesday. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.82. The company has a fifty day moving average of $104.16 and a two-hundred day moving average of $93.88. The firm has a market capitalization of $15.34 billion, a price-to-earnings ratio of 34.34, a PEG ratio of 3.57 and a beta of 0.45. Akamai Technologies, Inc. has a 52 week low of $69.78 and a 52 week high of $121.12.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on AKAM shares. Wall Street Zen lowered shares of Akamai Technologies from a "buy" rating to a "hold" rating in a report on Saturday, January 31st. Weiss Ratings reissued a "hold (c)" rating on shares of Akamai Technologies in a report on Friday, March 27th. Susquehanna raised their target price on shares of Akamai Technologies from $105.00 to $120.00 and gave the company a "positive" rating in a report on Friday, February 20th. Piper Sandler raised their target price on shares of Akamai Technologies from $97.00 to $114.00 and gave the company a "neutral" rating in a report on Tuesday, April 7th. Finally, Craig Hallum raised their target price on shares of Akamai Technologies from $90.00 to $100.00 and gave the company a "hold" rating in a report on Friday, February 20th. Nine investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $112.37.

Insider Buying and Selling at Akamai Technologies

In other news, CAO Laura Howell sold 11,273 shares of Akamai Technologies stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $100.14, for a total transaction of $1,128,878.22. Following the completion of the sale, the chief accounting officer directly owned 12,559 shares in the company, valued at approximately $1,257,658.26. This trade represents a 47.30% 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, Director Madhu Ranganathan sold 3,131 shares of Akamai Technologies stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $102.00, for a total value of $319,362.00. Following the sale, the director owned 9,160 shares of the company's stock, valued at approximately $934,320. This trade represents a 25.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 57,454 shares of company stock valued at $5,889,371. 2.30% of the stock is owned by company insiders.

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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