Connor Clark & Lunn Investment Management Ltd. Has $38.86 Million Stock Position in Akamai Technologies, Inc. $AKAM

Connor Clark & Lunn Investment Management Ltd. reduced its position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 12.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 512,898 shares of the technology infrastructure company’s stock after selling 72,428 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.36% of Akamai Technologies worth $38,857,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in AKAM. Quadrant Capital Group LLC acquired a new stake in shares of Akamai Technologies during the 3rd quarter worth approximately $134,000. LGT Fund Management Co Ltd. boosted its stake in Akamai Technologies by 12.3% in the third quarter. LGT Fund Management Co Ltd. now owns 3,734 shares of the technology infrastructure company’s stock valued at $283,000 after acquiring an additional 409 shares during the last quarter. Inceptionr LLC acquired a new stake in Akamai Technologies during the 3rd quarter worth $921,000. Dynamic Technology Lab Private Ltd acquired a new stake in Akamai Technologies during the 3rd quarter worth $689,000. Finally, Vinva Investment Management Ltd raised its position in shares of 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 acquiring an additional 269,704 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on AKAM shares. TD Cowen reduced their price target on Akamai Technologies from $104.00 to $100.00 and set a “hold” rating on the stock in a research report on Friday, February 20th. Morgan Stanley upped their price objective on Akamai Technologies from $115.00 to $120.00 and gave the company an “overweight” rating in a report on Friday, February 20th. Susquehanna increased 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. DA Davidson raised their target price on Akamai Technologies from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Finally, Scotiabank upped their price target on Akamai Technologies from $105.00 to $120.00 and gave the company a “sector outperform” rating in a research note on Friday, February 20th. Ten research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $109.89.

Insider Buying and Selling at Akamai Technologies

In other Akamai Technologies news, CFO Edward J. Mcgowan sold 6,560 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $88.03, for a total transaction of $577,476.80. Following the sale, the chief financial officer directly owned 16,442 shares in the company, valued at approximately $1,447,389.26. This trade represents a 28.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Anthony P. Williams sold 15,000 shares of Akamai Technologies stock in a transaction that occurred on 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 completion of the transaction, the executive vice president directly owned 22,064 shares in the company, valued at approximately $2,301,054.56. The trade was a 40.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 75,834 shares of company stock worth $7,547,034 over the last three months. Company insiders own 2.00% of the company’s stock.

Akamai Technologies Price Performance

AKAM opened at $105.47 on Friday. The stock has a market cap of $15.29 billion, a P/E ratio of 34.24, a P/E/G ratio of 3.59 and a beta of 0.72. Akamai Technologies, Inc. has a 12 month low of $67.51 and a 12 month high of $113.50. 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 simple moving average of $97.34 and a 200 day simple moving average of $86.66.

Akamai Technologies (NASDAQ:AKAM) last posted its earnings results on Thursday, February 19th. The technology infrastructure company reported $1.84 earnings per share for the quarter, topping 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 firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period in the previous year, the company posted $1.66 earnings per share. The company’s revenue for the quarter 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, research analysts expect that Akamai Technologies, Inc. will post 4.6 EPS for the current year.

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.