Earnest Partners LLC Has $165.88 Million Stock Holdings in Akamai Technologies, Inc. $AKAM

Earnest Partners LLC trimmed its stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 0.3% in the third quarter, HoldingsChannel.com reports. The fund owned 2,189,573 shares of the technology infrastructure company’s stock after selling 7,480 shares during the quarter. Earnest Partners LLC’s holdings in Akamai Technologies were worth $165,882,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Whittier Trust Co. of Nevada Inc. raised its stake in Akamai Technologies by 295.3% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 336 shares of the technology infrastructure company’s stock valued at $26,000 after purchasing an additional 251 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in Akamai Technologies by 566.7% during the third quarter. Smartleaf Asset Management LLC now owns 340 shares of the technology infrastructure company’s stock worth $26,000 after buying an additional 289 shares in the last quarter. TD Waterhouse Canada Inc. increased its holdings in Akamai Technologies by 130.0% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 345 shares of the technology infrastructure company’s stock valued at $26,000 after buying an additional 195 shares during the period. Atlantic Union Bankshares Corp bought a new position in Akamai Technologies in the 3rd quarter valued at about $30,000. Finally, CYBER HORNET ETFs LLC acquired a new position in shares of Akamai Technologies in the 2nd quarter valued at approximately $32,000. 94.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AKAM. Raymond James Financial set a $120.00 price target on shares of Akamai Technologies in a report on Thursday. Wall Street Zen downgraded shares of Akamai Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Jefferies Financial Group cut Akamai Technologies to an “underperform” rating in a research note on Monday, December 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Akamai Technologies in a report on Monday, December 29th. Finally, Morgan Stanley lifted their price target on Akamai Technologies from $115.00 to $120.00 and gave the company an “overweight” rating in a research note on Friday, February 20th. Ten research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently 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, EVP Mani Sundaram sold 1,722 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $98.58, for a total value of $169,754.76. Following the completion of the transaction, the executive vice president directly owned 21,647 shares in the company, valued at approximately $2,133,961.26. This represents a 7.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jon Miller sold 11,000 shares of the firm’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $102.67, for a total transaction of $1,129,370.00. Following the transaction, the director directly owned 22,806 shares of the company’s stock, valued at $2,341,492.02. The trade was a 32.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 75,834 shares of company stock worth $7,547,034 over the last quarter. Insiders own 2.00% of the company’s stock.

Akamai Technologies Price Performance

Shares of AKAM opened at $107.67 on Friday. 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 stock has a market cap of $15.61 billion, a PE ratio of 34.96, a PEG ratio of 3.63 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 business has a 50-day simple moving average of $97.79 and a two-hundred day simple moving average of $86.94.

Akamai Technologies (NASDAQ:AKAM) last announced its quarterly earnings results on Thursday, February 19th. The technology infrastructure company reported $1.84 EPS for the quarter, beating analysts’ consensus estimates 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%.The business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period last year, the firm posted $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. Analysts anticipate that Akamai Technologies, Inc. will post 4.6 earnings per share for the current fiscal 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.