Resona Asset Management Co. Ltd. Decreases Stock Position in Akamai Technologies, Inc. $AKAM

Resona Asset Management Co. Ltd. lessened its position in Akamai Technologies, Inc. (NASDAQ:AKAM) by 70.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,852 shares of the technology infrastructure company’s stock after selling 45,243 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Akamai Technologies were worth $1,647,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Fox Run Management L.L.C. increased its stake in Akamai Technologies by 467.7% during the third quarter. Fox Run Management L.L.C. now owns 19,144 shares of the technology infrastructure company’s stock worth $1,450,000 after acquiring an additional 15,772 shares during the last quarter. National Pension Service increased its stake in Akamai Technologies by 48.5% during the third quarter. National Pension Service now owns 68,111 shares of the technology infrastructure company’s stock worth $5,160,000 after acquiring an additional 22,242 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC increased its stake in Akamai Technologies by 42.4% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 251,322 shares of the technology infrastructure company’s stock worth $19,040,000 after acquiring an additional 74,791 shares during the last quarter. New York Life Investment Management LLC increased its stake in Akamai Technologies by 71.5% during the third quarter. New York Life Investment Management LLC now owns 34,051 shares of the technology infrastructure company’s stock worth $2,580,000 after acquiring an additional 14,192 shares during the last quarter. Finally, Invenomic Capital Management LP increased its stake in Akamai Technologies by 16.6% during the third quarter. Invenomic Capital Management LP now owns 499,097 shares of the technology infrastructure company’s stock worth $37,812,000 after acquiring an additional 71,173 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 news, EVP Mani Sundaram sold 1,722 shares of Akamai Technologies stock in a transaction on Monday, March 9th. The stock was sold at an average price of $98.58, for a total value of $169,754.76. Following the completion of the sale, the executive vice president directly owned 21,647 shares of the company’s stock, valued at approximately $2,133,961.26. The trade was a 7.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Anthony P. Williams sold 15,000 shares of Akamai Technologies stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $104.29, for a total value of $1,564,350.00. Following the completion of the sale, the executive vice president directly owned 22,064 shares of the company’s stock, valued at $2,301,054.56. The trade was a 40.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 53,954 shares of company stock valued at $5,511,371. Insiders own 2.30% of the company’s stock.

Wall Street Analyst Weigh In

AKAM has been the subject of several recent analyst reports. Scotiabank raised their target price on Akamai Technologies from $120.00 to $180.00 and gave the stock a “sector outperform” rating in a research note on Friday, May 8th. The Goldman Sachs Group raised their target price on Akamai Technologies from $76.00 to $87.00 and gave the stock a “sell” rating in a research note on Friday, May 8th. UBS Group raised their target price on Akamai Technologies from $110.00 to $160.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Wall Street Zen cut Akamai Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, Morgan Stanley raised their target price on Akamai Technologies from $120.00 to $165.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. Twelve equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $145.29.

Akamai Technologies Trading Up 0.7%

Shares of NASDAQ AKAM opened at $147.23 on Friday. Akamai Technologies, Inc. has a twelve month low of $69.78 and a twelve month high of $165.45. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.84. The stock has a fifty day simple moving average of $116.07 and a 200-day simple moving average of $100.47. The stock has a market capitalization of $21.41 billion, a PE ratio of 49.57, a PEG ratio of 4.60 and a beta of 0.45.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings data on Thursday, May 7th. The technology infrastructure company reported $1.61 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.61. Akamai Technologies had a return on equity of 12.96% and a net margin of 10.20%.The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the previous year, the firm posted $1.70 earnings per share. The company’s revenue was up 5.8% on a year-over-year basis. Akamai Technologies has set its FY 2026 guidance at 6.400-7.150 EPS and its Q2 2026 guidance at 1.450-1.650 EPS. On average, equities analysts forecast that Akamai Technologies, Inc. will post 3.93 earnings per share 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.