Picton Mahoney Asset Management Grows Holdings in Akamai Technologies, Inc. $AKAM

Key Points

• Picton Mahoney Asset Management increased its stake in Akamai by 102,950% in Q3 to 12,366 shares (worth ~$936,000), and institutional investors now own 94.28% of the company with large positions or additions from firms like DLD Asset Management, Norges Bank and Nordea.
• Company insiders have been net sellers, disposing of 59,112 shares in the last 90 days (notably Jon Miller and EVP Mani Sundaram), leaving insiders with about 2.00% ownership.
• Akamai recently beat quarterly EPS estimates ($1.84 vs. $1.75) with revenue up 7.4% to $1.09B, issued FY2026 EPS guidance of 6.20–7.20, and carries a Wall Street consensus rating of Hold with an average price target around $108.84.

Picton Mahoney Asset Management grew its position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 102,950.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,366 shares of the technology infrastructure company's stock after purchasing an additional 12,354 shares during the period. Picton Mahoney Asset Management's holdings in Akamai Technologies were worth $936,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. DLD Asset Management LP grew its stake in Akamai Technologies by 60.0% in the 2nd quarter. DLD Asset Management LP now owns 20,000,000 shares of the technology infrastructure company's stock worth $1,595,200,000 after acquiring an additional 7,500,000 shares during the period. Norges Bank purchased a new position in shares of Akamai Technologies during the 2nd quarter worth $266,817,000. Nordea Investment Management AB lifted its stake in shares of 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 worth $258,739,000 after purchasing an additional 980,966 shares during the period. Edmond DE Rothschild Holding S.A. boosted its holdings in shares of Akamai Technologies by 12.1% during the second quarter. Edmond DE Rothschild Holding S.A. now owns 2,786,084 shares of the technology infrastructure company's stock worth $222,218,000 after purchasing an additional 301,423 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of Akamai Technologies by 4.9% during the second quarter. First Trust Advisors LP now owns 6,061,962 shares of the technology infrastructure company's stock worth $483,502,000 after purchasing an additional 281,526 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company's stock.

Insiders Place Their Bets

In other Akamai Technologies news, Director Jon Miller sold 11,000 shares of the business's stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $102.67, for a total value of $1,129,370.00. Following the transaction, the director owned 22,806 shares in the company, valued at $2,341,492.02. The trade was a 32.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Mani Sundaram sold 8,642 shares of the company's stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $101.25, for a total transaction of $875,002.50. Following the completion of the transaction, the executive vice president directly owned 19,923 shares of the company's stock, valued at approximately $2,017,203.75. The trade was a 30.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 59,112 shares of company stock valued at $5,812,929. Corporate insiders own 2.00% of the company's stock.

Akamai Technologies Price Performance

Shares of NASDAQ AKAM opened at $99.89 on Friday. 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, Inc. has a 1-year low of $67.51 and a 1-year high of $113.50. The company has a market capitalization of $14.47 billion, a price-to-earnings ratio of 32.43, a PEG ratio of 3.41 and a beta of 0.72. The business has a 50-day moving average of $95.98 and a 200-day moving average of $85.88.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.08 billion. Akamai Technologies had a return on equity of 13.86% and a net margin of 10.74%.Akamai Technologies's revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous 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. On average, equities analysts anticipate that Akamai Technologies, Inc. will post 4.6 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Susquehanna upped their target price on Akamai Technologies from $105.00 to $120.00 and gave the company a "positive" rating in a research note on Friday, February 20th. UBS Group raised their price target on Akamai Technologies from $90.00 to $110.00 and gave the stock a "neutral" rating in a research note on Friday, February 20th. Piper Sandler upped their price objective on shares of Akamai Technologies from $89.00 to $97.00 and gave the company a "neutral" rating in a research note on Monday, February 23rd. Wall Street Zen lowered shares of Akamai Technologies from a "buy" rating to a "hold" rating in a report on Saturday, January 31st. Finally, Oppenheimer raised 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. Ten research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $108.84.

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.

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