Handelsbanken Fonder AB Has $3.57 Million Stake in Akamai Technologies, Inc. $AKAM

Handelsbanken Fonder AB decreased its stake in Akamai Technologies, Inc. (NASDAQ:AKAM) by 10.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 40,900 shares of the technology infrastructure company’s stock after selling 4,600 shares during the quarter. Handelsbanken Fonder AB’s holdings in Akamai Technologies were worth $3,569,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AKAM. Brighton Jones LLC lifted its position in Akamai Technologies by 101.4% in the 4th quarter. Brighton Jones LLC now owns 4,016 shares of the technology infrastructure company’s stock worth $384,000 after buying an additional 2,022 shares in the last quarter. Jones Financial Companies Lllp lifted its position in Akamai Technologies by 35.2% in the 1st quarter. Jones Financial Companies Lllp now owns 1,087 shares of the technology infrastructure company’s stock worth $88,000 after buying an additional 283 shares in the last quarter. United Services Automobile Association purchased a new stake in Akamai Technologies in the 1st quarter worth approximately $266,000. Empowered Funds LLC lifted its position in Akamai Technologies by 73.0% in the 1st quarter. Empowered Funds LLC now owns 7,134 shares of the technology infrastructure company’s stock worth $574,000 after buying an additional 3,010 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in Akamai Technologies by 152.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,163 shares of the technology infrastructure company’s stock worth $93,000 after buying an additional 703 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on AKAM. Morgan Stanley increased their target price on shares of Akamai Technologies from $120.00 to $165.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Weiss Ratings restated a “hold (c)” rating on shares of Akamai Technologies in a report on Friday, March 27th. Robert W. Baird restated a “neutral” rating and set a $110.00 price target on shares of Akamai Technologies in a report on Thursday, April 2nd. HSBC raised their price target on shares of Akamai Technologies from $134.00 to $171.00 in a report on Monday, May 11th. Finally, Bank of America upgraded shares of Akamai Technologies from a “neutral” rating to a “buy” rating and raised their price target for the company from $130.00 to $175.00 in a report on Wednesday, May 13th. Twelve analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $145.29.

Insider Transactions at Akamai Technologies

In related news, EVP Anthony P. Williams sold 15,000 shares of Akamai Technologies stock in a transaction 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 trade represents a 40.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Madhu Ranganathan sold 3,131 shares of Akamai Technologies stock in a transaction 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. This trade represents a 25.47% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 53,954 shares of company stock worth $5,511,371. Corporate insiders own 2.30% of the company’s stock.

Akamai Technologies Stock Up 0.7%

Akamai Technologies stock opened at $147.23 on Friday. The company has a market capitalization of $21.41 billion, a P/E ratio of 49.57, a P/E/G ratio of 4.60 and a beta of 0.45. The firm’s fifty day simple moving average is $116.07 and its 200-day simple moving average is $100.47. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.84. Akamai Technologies, Inc. has a 1-year low of $69.78 and a 1-year high of $165.45.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings results on Thursday, May 7th. The technology infrastructure company reported $1.61 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.61. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.07 billion. Akamai Technologies had a net margin of 10.20% and a return on equity of 12.96%. Akamai Technologies’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.70 EPS. Akamai Technologies has set its FY 2026 guidance at 6.400-7.150 EPS and its Q2 2026 guidance at 1.450-1.650 EPS. Sell-side analysts forecast that Akamai Technologies, Inc. will post 3.93 earnings per share for the current fiscal year.

Akamai Technologies Company 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.