Akamai Technologies, Inc. $AKAM Shares Sold by Legal & General Group Plc

Legal & General Group Plc lessened its stake in Akamai Technologies, Inc. (NASDAQ:AKAM) by 3.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,726,273 shares of the technology infrastructure company’s stock after selling 86,532 shares during the period. Legal & General Group Plc’s holdings in Akamai Technologies were worth $206,542,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. DLD Asset Management LP boosted its stake in Akamai Technologies by 60.0% during the 2nd quarter. DLD Asset Management LP now owns 20,000,000 shares of the technology infrastructure company’s stock valued at $1,595,200,000 after acquiring an additional 7,500,000 shares during the last quarter. First Trust Advisors LP increased its position in shares of Akamai Technologies by 4.9% in the 2nd quarter. First Trust Advisors LP now owns 6,061,962 shares of the technology infrastructure company’s stock worth $483,502,000 after purchasing an additional 281,526 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Akamai Technologies by 39.9% in the 3rd quarter. Nordea Investment Management AB now owns 3,437,472 shares of the technology infrastructure company’s stock worth $258,739,000 after purchasing an additional 980,966 shares during the last quarter. Norges Bank acquired a new stake in shares of Akamai Technologies in the 2nd quarter valued at about $266,817,000. Finally, Edmond DE Rothschild Holding S.A. raised its stake in shares of Akamai Technologies by 12.1% in the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 2,786,084 shares of the technology infrastructure company’s stock valued at $222,218,000 after purchasing an additional 301,423 shares in the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Akamai Technologies

In related news, Director Jon Miller sold 11,000 shares of the company’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $102.67, for a total transaction of $1,129,370.00. Following the completion of the transaction, the director directly owned 22,806 shares in the company, valued at $2,341,492.02. This represents a 32.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mani Sundaram sold 1,722 shares of the company’s 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 transaction, the executive vice president 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. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 75,834 shares of company stock worth $7,547,034. Corporate insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Raymond James Financial set a $120.00 price target on Akamai Technologies in a research note on Thursday. Royal Bank Of Canada upped their price objective on Akamai Technologies from $90.00 to $100.00 and gave the company a “sector perform” rating in a research note on Friday, February 20th. Piper Sandler increased their target price on Akamai Technologies from $89.00 to $97.00 and gave the stock a “neutral” rating in a report on Monday, February 23rd. Robert W. Baird lifted their target price on Akamai Technologies from $90.00 to $110.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th. Finally, Susquehanna boosted their price target on Akamai Technologies from $105.00 to $120.00 and gave the company a “positive” rating in a report on Friday, February 20th. Ten investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $109.89.

Akamai Technologies Price Performance

Shares of NASDAQ:AKAM opened at $105.47 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. Akamai Technologies, Inc. has a fifty-two week low of $67.51 and a fifty-two week high of $113.50. The firm has a 50-day simple moving average of $97.34 and a 200 day simple moving average of $86.66. The company has a market cap of $15.29 billion, a PE ratio of 34.24, a P/E/G ratio of 3.59 and a beta of 0.72.

Akamai Technologies (NASDAQ:AKAM) last issued its earnings results on Thursday, February 19th. The technology infrastructure company reported $1.84 earnings per share (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 analysts’ expectations of $1.08 billion. During the same quarter last year, the company posted $1.66 earnings per share. Akamai Technologies’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. On average, sell-side analysts anticipate that Akamai Technologies, Inc. will post 4.6 EPS for the current year.

Akamai Technologies 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.