Akamai Technologies, Inc. $AKAM Stake Lowered by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund trimmed its stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 4.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 106,109 shares of the technology infrastructure company’s stock after selling 4,733 shares during the quarter. Illinois Municipal Retirement Fund owned about 0.07% of Akamai Technologies worth $8,039,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. LSV Asset Management acquired a new stake in Akamai Technologies in the third quarter worth $3,788,000. Cibc World Market Inc. grew its position in shares of Akamai Technologies by 9.1% during the third quarter. Cibc World Market Inc. now owns 21,946 shares of the technology infrastructure company’s stock worth $1,663,000 after acquiring an additional 1,825 shares during the last quarter. Rhumbline Advisers grew its position in shares of Akamai Technologies by 2.4% during the third quarter. Rhumbline Advisers now owns 329,861 shares of the technology infrastructure company’s stock worth $24,990,000 after acquiring an additional 7,729 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Akamai Technologies by 8.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 23,381 shares of the technology infrastructure company’s stock worth $1,771,000 after acquiring an additional 1,880 shares during the period. Finally, Baader Bank Aktiengesellschaft bought a new stake in Akamai Technologies in the 3rd quarter valued at about $408,000. Institutional investors own 94.28% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. HSBC upped their target price on shares of Akamai Technologies from $130.00 to $134.00 in a research report on Monday, November 10th. The Goldman Sachs Group boosted their price objective on Akamai Technologies from $67.00 to $69.00 and gave the stock a “sell” rating in a research report on Friday, November 7th. Morgan Stanley raised Akamai Technologies from an “underweight” rating to an “overweight” rating and increased their price objective for the stock from $83.00 to $115.00 in a report on Monday, January 12th. Citigroup raised their target price on Akamai Technologies from $88.00 to $103.00 and gave the company a “neutral” rating in a research report on Friday, January 16th. Finally, Oppenheimer lifted their target price on Akamai Technologies from $100.00 to $115.00 and gave the company an “outperform” rating in a research note on Thursday, February 5th. Seven research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $97.50.

Insider Transactions at Akamai Technologies

In other news, EVP Paul C. Joseph sold 5,000 shares of Akamai Technologies stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $90.17, for a total value of $450,850.00. Following the transaction, the executive vice president owned 17,513 shares of the company’s stock, valued at $1,579,147.21. The trade was a 22.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Edward J. Mcgowan sold 6,560 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $88.03, for a total transaction of $577,476.80. Following the completion of the sale, the chief financial officer owned 16,442 shares in the company, valued at $1,447,389.26. The trade was a 28.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 32,318 shares of company stock valued at $2,967,254 in the last quarter. 2.00% of the stock is owned by company insiders.

Akamai Technologies News Roundup

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

• Positive Sentiment: DA Davidson raised its price target to $125 and kept a “buy” rating, signaling analyst conviction and adding upside potential relative to the current price. DA Davidson Raises PT
• Positive Sentiment: Zacks highlighted Akamai as a big mover on higher-than-average volume and noted favorable earnings-estimate revision trends — a catalyst that often supports further near-term gains. Zacks: Strength Seen
• Positive Sentiment: Market commentary and retail-focused pieces pointed to a strong one-day move (articles note ~9–10% jumps), which can attract momentum investors and trigger additional buying. AAII: Why AKAM Is Up
• Positive Sentiment: Shares recently hit a 52-week high, a technical signal that can draw more attention from trend-following funds. Investing.com: 52-Week High
• Neutral Sentiment: Akamai is scheduled to report earnings soon; previews and estimate summaries are circulating — the report could amplify today’s move either way. Earnings Preview
• Neutral Sentiment: Public short-interest data in recent reports appears to show zeros/NaN (likely a reporting anomaly), so there’s no clear short-covering signal to explain the volume spike. (Watch official exchanges for corrected short-interest figures.)
• Negative Sentiment: CTO Robert Blumofe sold 3,500 shares at about $108, reducing his stake ~19%. Insider selling can be perceived negatively by some investors even when routine. SEC Form 4

Akamai Technologies Price Performance

Shares of NASDAQ:AKAM opened at $111.76 on Friday. The stock has a market cap of $16.08 billion, a price-to-earnings ratio of 32.77, a PEG ratio of 3.22 and a beta of 0.70. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.28 and a quick ratio of 2.28. Akamai Technologies, Inc. has a 12 month low of $67.51 and a 12 month high of $113.50. The stock’s 50 day moving average price is $91.57 and its 200 day moving average price is $83.00.

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.