Akamai Technologies, Inc. $AKAM Stock Position Decreased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund trimmed its stake in Akamai Technologies, Inc. (NASDAQ:AKAM) by 4.3% during the third quarter, HoldingsChannel.com reports. The fund owned 106,109 shares of the technology infrastructure company’s stock after selling 4,733 shares during the period. Illinois Municipal Retirement Fund’s holdings in Akamai Technologies were worth $8,039,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of AKAM. LSV Asset Management acquired a new position in shares of Akamai Technologies in the 3rd quarter valued at $3,788,000. Cibc World Market Inc. raised its holdings in Akamai Technologies by 9.1% during the 3rd quarter. Cibc World Market Inc. now owns 21,946 shares of the technology infrastructure company’s stock worth $1,663,000 after buying an additional 1,825 shares during the period. Rhumbline Advisers lifted its stake in Akamai Technologies by 2.4% during the third quarter. Rhumbline Advisers now owns 329,861 shares of the technology infrastructure company’s stock valued at $24,990,000 after buying an additional 7,729 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of Akamai Technologies by 8.7% in the third quarter. Advisors Asset Management Inc. now owns 23,381 shares of the technology infrastructure company’s stock worth $1,771,000 after buying an additional 1,880 shares during the period. Finally, Baader Bank Aktiengesellschaft acquired a new position in shares of Akamai Technologies in the third quarter worth about $408,000. 94.28% of the stock is owned by institutional investors and hedge funds.

Akamai Technologies Stock Performance

Shares of NASDAQ AKAM opened at $111.76 on Friday. The business’s 50-day moving average price is $91.57 and its two-hundred day moving average price is $83.00. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.28 and a quick ratio of 2.28. Akamai Technologies, Inc. has a one year low of $67.51 and a one year high of $113.50. The company has a market capitalization of $16.08 billion, a P/E ratio of 32.77, a price-to-earnings-growth ratio of 3.22 and a beta of 0.70.

Insider Buying and Selling at Akamai Technologies

In related news, EVP Paul C. Joseph sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $90.17, for a total transaction of $450,850.00. Following the transaction, the executive vice president owned 17,513 shares of the company’s stock, valued at approximately $1,579,147.21. This trade represents a 22.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mani Sundaram sold 10,438 shares of Akamai Technologies stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $89.25, for a total transaction of $931,591.50. Following the completion of the sale, the executive vice president owned 13,550 shares of the company’s stock, valued at $1,209,337.50. This trade represents a 43.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 32,318 shares of company stock worth $2,967,254 over the last quarter. Insiders own 2.00% of the company’s stock.

Key Akamai Technologies News

Here are the key news stories impacting Akamai Technologies this week:

• Positive Sentiment: DA Davidson raised its price target to $125 and kept a “buy” rating, signaling analyst conviction and adding upside potential relative to the current price. DA Davidson Raises PT
• Positive Sentiment: Zacks highlighted Akamai as a big mover on higher-than-average volume and noted favorable earnings-estimate revision trends — a catalyst that often supports further near-term gains. Zacks: Strength Seen
• Positive Sentiment: Market commentary and retail-focused pieces pointed to a strong one-day move (articles note ~9–10% jumps), which can attract momentum investors and trigger additional buying. AAII: Why AKAM Is Up
• Positive Sentiment: Shares recently hit a 52-week high, a technical signal that can draw more attention from trend-following funds. Investing.com: 52-Week High
• Neutral Sentiment: Akamai is scheduled to report earnings soon; previews and estimate summaries are circulating — the report could amplify today’s move either way. Earnings Preview
• Neutral Sentiment: Public short-interest data in recent reports appears to show zeros/NaN (likely a reporting anomaly), so there’s no clear short-covering signal to explain the volume spike. (Watch official exchanges for corrected short-interest figures.)
• Negative Sentiment: CTO Robert Blumofe sold 3,500 shares at about $108, reducing his stake ~19%. Insider selling can be perceived negatively by some investors even when routine. SEC Form 4

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. DA Davidson boosted their price target on shares of Akamai Technologies from $115.00 to $125.00 and gave the company a “buy” rating in a report on Thursday. Piper Sandler lifted their price objective on shares of Akamai Technologies from $86.00 to $89.00 and gave the stock a “neutral” rating in a research report on Monday, January 5th. Scotiabank boosted their target price on shares of Akamai Technologies from $94.00 to $105.00 and gave the company a “sector outperform” rating in a research note on Friday, January 9th. Royal Bank Of Canada increased their target price on Akamai Technologies from $80.00 to $90.00 and gave the company a “sector perform” rating in a report on Monday, January 5th. Finally, Wall Street Zen cut Akamai Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Seven analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $97.50.

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.