Cim Investment Management Inc. Has $1.60 Million Holdings in Akamai Technologies, Inc. $AKAM

Cim Investment Management Inc. lessened its holdings in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 50.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,103 shares of the technology infrastructure company’s stock after selling 21,632 shares during the quarter. Cim Investment Management Inc.’s holdings in Akamai Technologies were worth $1,599,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of AKAM. DLD Asset Management LP lifted its position in shares of Akamai Technologies by 60.0% during the second 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 purchasing an additional 7,500,000 shares in the last quarter. First Trust Advisors LP lifted its stake in Akamai Technologies by 4.9% in the second quarter. First Trust Advisors LP now owns 6,061,962 shares of the technology infrastructure company’s stock valued at $483,502,000 after purchasing an additional 281,526 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of Akamai Technologies by 39.9% during 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 acquiring an additional 980,966 shares during the period. Norges Bank purchased a new position in shares of Akamai Technologies in the second quarter worth about $266,817,000. Finally, Invesco Ltd. grew its stake in Akamai Technologies by 5.8% in the 3rd quarter. Invesco Ltd. now owns 3,239,099 shares of the technology infrastructure company’s stock valued at $245,394,000 after buying an additional 177,756 shares in the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Anthony P. Williams sold 15,000 shares of the stock in a transaction that occurred 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 transaction, the executive vice president owned 22,064 shares in the company, valued at $2,301,054.56. This represents a 40.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Madhu Ranganathan sold 3,131 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $102.00, for a total transaction of $319,362.00. Following the completion of the transaction, the director owned 9,160 shares in the company, valued at $934,320. The trade was a 25.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 69,274 shares of company stock worth $6,969,557. Company insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

AKAM has been the subject of a number of analyst reports. Craig Hallum raised their price objective on shares of Akamai Technologies from $90.00 to $100.00 and gave the company a “hold” rating in a research report on Friday, February 20th. KeyCorp increased their price objective on Akamai Technologies from $115.00 to $120.00 and gave the company an “overweight” rating in a research report on Friday, February 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Akamai Technologies in a research report on Monday, December 29th. Wall Street Zen lowered Akamai Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, Piper Sandler increased their target price on shares of Akamai Technologies from $89.00 to $97.00 and gave the stock a “neutral” rating in a report on Monday, February 23rd. Ten analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $109.89.

Akamai Technologies Trading Up 0.4%

Akamai Technologies stock opened at $105.84 on Wednesday. The business’s fifty day moving average is $98.52 and its 200 day moving average is $87.38. Akamai Technologies, Inc. has a one year low of $67.51 and a one year high of $113.50. The stock has a market capitalization of $15.35 billion, a PE ratio of 34.36, a price-to-earnings-growth ratio of 3.56 and a beta of 0.72. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.36 and a quick ratio of 2.36.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings data on Thursday, February 19th. The technology infrastructure company reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.09. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Akamai Technologies had a net margin of 10.74% and a return on equity of 13.86%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the company earned $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. On average, sell-side analysts predict that Akamai Technologies, Inc. will post 4.6 EPS for the current year.

About Akamai Technologies

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.