Akamai Technologies, Inc. $AKAM Shares Sold by Groupama Asset Managment

Groupama Asset Managment trimmed its stake in Akamai Technologies, Inc. (NASDAQ:AKAM) by 76.9% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 3,351 shares of the technology infrastructure company’s stock after selling 11,171 shares during the period. Groupama Asset Managment’s holdings in Akamai Technologies were worth $254,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in AKAM. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Akamai Technologies by 295.3% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 336 shares of the technology infrastructure company’s stock worth $26,000 after buying an additional 251 shares during the period. TD Waterhouse Canada Inc. lifted its stake in Akamai Technologies by 130.0% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 345 shares of the technology infrastructure company’s stock worth $26,000 after acquiring an additional 195 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in Akamai Technologies by 566.7% during the 3rd quarter. Smartleaf Asset Management LLC now owns 340 shares of the technology infrastructure company’s stock valued at $26,000 after acquiring an additional 289 shares during the period. Wolff Wiese Magana LLC boosted its holdings in Akamai Technologies by 497.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 400 shares of the technology infrastructure company’s stock valued at $30,000 after acquiring an additional 333 shares during the period. Finally, Atlantic Union Bankshares Corp acquired a new position in Akamai Technologies in the 3rd quarter valued at about $30,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Akamai Technologies

In other Akamai Technologies news, Director Madhu Ranganathan sold 3,131 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $102.00, for a total value of $319,362.00. Following the completion of the sale, the director owned 9,160 shares in the company, valued at approximately $934,320. The trade was a 25.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mani Sundaram sold 1,722 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The shares were 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 owned 21,647 shares of the company’s stock, valued at approximately $2,133,961.26. This represents a 7.37% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 69,274 shares of company stock worth $6,969,557. Insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on AKAM shares. The Goldman Sachs Group boosted their price target on shares of Akamai Technologies from $69.00 to $76.00 and gave the stock a “sell” rating in a research note on Friday, February 20th. Craig Hallum lifted their price objective on shares of Akamai Technologies from $90.00 to $100.00 and gave the company a “hold” rating in a report on Friday, February 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Akamai Technologies in a research note on Monday, December 29th. Robert W. Baird increased their target price on shares of Akamai Technologies from $90.00 to $110.00 and gave the stock an “outperform” rating in a report on Friday, February 20th. Finally, Piper Sandler raised their price target on shares of Akamai Technologies from $89.00 to $97.00 and gave the company a “neutral” rating in a research report on Monday, February 23rd. Ten investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Akamai Technologies presently has an average rating of “Hold” and a consensus price target of $109.89.

Akamai Technologies Trading Down 0.2%

NASDAQ AKAM opened at $109.74 on Friday. The firm’s fifty day moving average price is $99.85 and its 200 day moving average price is $87.98. Akamai Technologies, Inc. has a 12 month low of $67.51 and a 12 month high of $113.50. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.36 and a quick ratio of 2.36. The company has a market capitalization of $15.91 billion, a price-to-earnings ratio of 35.63, a price-to-earnings-growth ratio of 3.72 and a beta of 0.72.

Akamai Technologies (NASDAQ:AKAM) last announced its quarterly earnings results on Thursday, February 19th. The technology infrastructure company reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates 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%. Akamai Technologies’s quarterly revenue was up 7.4% compared to the same quarter last year. 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 expect that Akamai Technologies, Inc. will post 4.6 earnings per share for the current fiscal 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.