Akamai Technologies, Inc. $AKAM Shares Sold by CenterBook Partners LP

CenterBook Partners LP reduced its stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 27.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,485 shares of the technology infrastructure company’s stock after selling 14,026 shares during the quarter. CenterBook Partners LP’s holdings in Akamai Technologies were worth $3,880,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Empowered Funds LLC boosted its position in shares of Akamai Technologies by 503.6% during the first quarter. Empowered Funds LLC now owns 42,831 shares of the technology infrastructure company’s stock worth $4,919,000 after acquiring an additional 35,735 shares during the last quarter. QRG Capital Management Inc. increased its holdings in Akamai Technologies by 1,716.7% in the 2nd quarter. QRG Capital Management Inc. now owns 32,610 shares of the technology infrastructure company’s stock valued at $3,855,000 after acquiring an additional 30,815 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Akamai Technologies by 59.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 40,593 shares of the technology infrastructure company’s stock valued at $4,662,000 after acquiring an additional 15,091 shares during the last quarter. TimesSquare Capital Management LLC purchased a new stake in Akamai Technologies in the 2nd quarter worth $27,250,000. Finally, ABN AMRO Bank N.V. purchased a new stake in Akamai Technologies in the 2nd quarter worth $9,737,000. Institutional investors own 94.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. TD Cowen raised their price objective on Akamai Technologies from $140.00 to $149.00 and gave the company a “hold” rating in a research report on Friday, September 25th. Bank of America boosted their target price on Akamai Technologies from $175.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, September 25th. JPMorgan Chase & Co. increased their price target on Akamai Technologies from $158.00 to $167.00 and gave the company a “neutral” rating in a research note on Friday, September 25th. FBN Securities restated an “outperform” rating and set a $120.00 price target on shares of Akamai Technologies in a report on Friday. Finally, Royal Bank Of Canada reduced their price objective on Akamai Technologies from $135.00 to $85.00 and set a “sector perform” rating on the stock in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $138.64.

Akamai Technologies Price Performance

Akamai Technologies stock opened at $83.09 on Friday. Akamai Technologies, Inc. has a 52-week low of $76.75 and a 52-week high of $165.45. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.23. The firm’s fifty day moving average is $101.55 and its 200 day moving average is $112.24. The company has a market cap of $11.94 billion, a price-to-earnings ratio of 32.21, a PEG ratio of 3.91 and a beta of 0.65.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings data on Thursday, November 5th. The technology infrastructure company reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.67 by $0.10. Akamai Technologies had a net margin of 8.84% and a return on equity of 11.03%. The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same period last year, the company posted $1.86 EPS. The business’s revenue was up 6.4% on a year-over-year basis. Akamai Technologies has set its FY 2026 guidance at 6.470-6.680 EPS and its Q4 2026 guidance at 1.500-1.700 EPS. Sell-side analysts forecast that Akamai Technologies, Inc. will post 3.58 EPS for the current fiscal year.

Key Headlines Impacting Akamai Technologies

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

• Positive Sentiment: Third-quarter adjusted earnings of $1.77 per share topped the $1.67 consensus, while revenue rose 6.4% year over year to $1.12 billion, in line with expectations. Growth in cybersecurity and cloud services supported results. Article
• Positive Sentiment: Investors also have a longer-term growth narrative: Akamai highlighted AI-cloud business, including an Anthropic deal, and expects 2027 cloud infrastructure services revenue of $1.1 billion–$1.3 billion. Article
• Neutral Sentiment: Analyst views remain positive but targets were reduced: DA Davidson cut its target to $125 and KeyCorp to $175, both retaining favorable ratings; Susquehanna lowered its target to $90 while keeping a positive rating.
• Negative Sentiment: Near-term guidance may temper optimism. Fourth-quarter revenue guidance of $1.1 billion–$1.2 billion tops out below the $1.2 billion consensus, and the EPS range includes outcomes below the $1.63 estimate. Akamai also cited higher infrastructure costs and a shift in the timing of some Anthropic-related revenue; quarterly EPS declined from $1.86 a year ago. Article

Insider Activity at Akamai Technologies

In related news, EVP Paul Joseph sold 3,100 shares of the stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $105.63, for a total value of $327,453.00. Following the completion of the transaction, the executive vice president owned 28,472 shares of the company’s stock, valued at approximately $3,007,497.36. This trade represents a 9.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mani Sundaram sold 7,022 shares of Akamai Technologies stock in a transaction dated Friday, September 25th. The stock was sold at an average price of $125.62, for a total value of $882,103.64. Following the completion of the transaction, the executive vice president owned 14,625 shares of the company’s stock, valued at approximately $1,837,192.50. This represents a 32.44% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 12,135 shares of company stock valued at $1,467,221. Insiders own 2.30% of the company’s stock.

Akamai Technologies Company Profile

Akamai Technologies is a technology company that provides cloud computing, cybersecurity and content delivery services. Its distributed platform helps businesses deliver digital content and applications, protect online operations and run workloads closer to users and devices.

The company’s offerings include web and application performance services, protection against cyberattacks, application and API security, and cloud infrastructure through Akamai Connected Cloud. Its services support organizations seeking to improve the speed, availability and security of their websites, applications and online services.

Founded in 1998, Akamai grew from a content delivery network provider into a broader cloud and security company.