Vanguard Group Inc. Sells 26,659 Shares of Akamai Technologies, Inc. $AKAM

Vanguard Group Inc. lessened its holdings in Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 0.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,350,100 shares of the technology infrastructure company's stock after selling 26,659 shares during the quarter. Vanguard Group Inc. owned 12.75% of Akamai Technologies worth $1,601,046,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in AKAM. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Akamai Technologies by 295.3% in the 3rd 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% in the 3rd 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% in the 3rd 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% in the 4th 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% in the 3rd 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. Institutional investors own 94.28% of the company's stock.

Akamai Technologies Stock Up 3.2%

Shares of NASDAQ:AKAM opened at $102.98 on Friday. Akamai Technologies, Inc. has a 12 month low of $69.78 and a 12 month high of $121.12. The company's 50-day moving average price is $104.16 and its two-hundred day moving average price is $93.61. 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 firm has a market cap of $14.93 billion, a P/E ratio of 33.44, a P/E/G ratio of 3.43 and a beta of 0.59.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last issued its quarterly earnings data on Thursday, February 19th. The technology infrastructure company reported $1.84 EPS for the quarter, topping analysts' consensus estimates of $1.75 by $0.09. Akamai Technologies had a net margin of 10.74% and a return on equity of 13.86%. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the prior year, the firm earned $1.66 EPS. The company'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. As a group, research analysts forecast that Akamai Technologies, Inc. will post 4.17 EPS for the current fiscal year.

Insider Activity

In other Akamai Technologies news, EVP Anthony P. Williams sold 15,000 shares of the company's stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $104.29, for a total transaction of $1,564,350.00. Following the transaction, the executive vice president directly owned 22,064 shares in the company, valued at approximately $2,301,054.56. This represents a 40.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Madhu Ranganathan sold 3,131 shares of the company's stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $102.00, for a total transaction of $319,362.00. Following the transaction, the director owned 9,160 shares in the company, valued at approximately $934,320. The trade was a 25.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 57,454 shares of company stock worth $5,889,371. 2.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on AKAM shares. Oppenheimer upped their target price on shares of Akamai Technologies from $115.00 to $130.00 and gave the stock an "outperform" rating in a report on Thursday, April 23rd. Evercore started coverage on shares of Akamai Technologies in a report on Tuesday, April 14th. They issued an "outperform" rating and a $130.00 target price on the stock. TD Cowen lowered their target price on shares of Akamai Technologies from $104.00 to $100.00 and set a "hold" rating on the stock in a report on Friday, February 20th. Royal Bank Of Canada upped their target price on shares of Akamai Technologies from $90.00 to $100.00 and gave the stock a "sector perform" rating in a report on Friday, February 20th. Finally, Craig Hallum upped their target price on shares of Akamai Technologies from $90.00 to $100.00 and gave the stock a "hold" rating in a report on Friday, February 20th. Nine 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. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $112.37.

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.