Nisa Investment Advisors LLC Acquires 62,001 Shares of Akamai Technologies, Inc. $AKAM

Nisa Investment Advisors LLC boosted its holdings in Akamai Technologies, Inc. (NASDAQ:AKAM) by 99.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 124,582 shares of the technology infrastructure company’s stock after acquiring an additional 62,001 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Akamai Technologies were worth $13,249,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its holdings in Akamai Technologies by 3.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,356 shares of the technology infrastructure company’s stock worth $271,000 after acquiring an additional 70 shares during the period. Tema ETFs LLC raised its position in shares of Akamai Technologies by 9.5% during the 2nd quarter. Tema ETFs LLC now owns 1,664 shares of the technology infrastructure company’s stock valued at $197,000 after acquiring an additional 145 shares during the last quarter. Forza Wealth Management LLC lifted its stake in shares of Akamai Technologies by 2.0% in the 1st quarter. Forza Wealth Management LLC now owns 8,009 shares of the technology infrastructure company’s stock valued at $920,000 after purchasing an additional 159 shares during the period. Groupama Asset Managment lifted its stake in shares of Akamai Technologies by 6.0% in the 1st quarter. Groupama Asset Managment now owns 3,383 shares of the technology infrastructure company’s stock valued at $389,000 after purchasing an additional 191 shares during the period. Finally, Pension & Wealth Management Advisors Inc. lifted its stake in shares of Akamai Technologies by 43.1% in the 3rd quarter. Pension & Wealth Management Advisors Inc. now owns 644 shares of the technology infrastructure company’s stock valued at $68,000 after purchasing an additional 194 shares during the period. 94.28% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Paul C. Joseph sold 3,100 shares of the firm’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $105.63, for a total transaction of $327,453.00. Following the sale, 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 filing with the SEC, which can be accessed through this link. 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 transaction, the executive vice president owned 14,625 shares in the company, valued at approximately $1,837,192.50. This represents a 32.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 12,135 shares of company stock valued at $1,467,221 in the last quarter. Company insiders own 2.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Royal Bank Of Canada restated a “sector perform” rating and issued a $135.00 price target on shares of Akamai Technologies in a research report on Friday, September 25th. DA Davidson dropped their price objective on Akamai Technologies from $185.00 to $150.00 and set a “buy” rating for the company in a report on Monday, September 28th. Raymond James Financial raised Akamai Technologies from an “outperform” rating to a “strong-buy” rating and set a $170.00 target price on the stock in a research note on Tuesday. Weiss Ratings lowered Akamai Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday. Finally, Citigroup reduced their target price on Akamai Technologies from $160.00 to $122.00 and set a “neutral” rating on the stock in a report on Friday, September 4th. One analyst has rated the stock with a Strong Buy rating, twelve 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, Akamai Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $148.29.

Akamai Technologies Stock Up 0.7%

Shares of NASDAQ AKAM opened at $90.27 on Thursday. The stock has a market cap of $12.97 billion, a P/E ratio of 32.47, a P/E/G ratio of 4.22 and a beta of 0.62. The firm has a 50 day moving average price of $106.84 and a 200 day moving average price of $117.48. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.64 and a current ratio of 1.64. Akamai Technologies, Inc. has a 52-week low of $70.82 and a 52-week high of $165.45.

Akamai Technologies (NASDAQ:AKAM) last issued its earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.57 by $0.02. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. Akamai Technologies had a net margin of 9.51% and a return on equity of 11.32%. The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.73 earnings per share. Akamai Technologies has set its Q3 2026 guidance at 1.600-1.800 EPS and its FY 2026 guidance at 6.400-7.050 EPS. Analysts expect that Akamai Technologies, Inc. will post 3.58 EPS for the current year.

Akamai Technologies Company Profile

Akamai Technologies, Inc provides cloud, cybersecurity and content-delivery services that help organizations operate and protect applications, websites and digital media over the internet. Its distributed edge platform is designed to deliver online content closer to end users while improving performance, availability and resilience.

The company’s services include content delivery and application performance solutions, cloud computing capabilities, web and application security, distributed denial-of-service protection, bot management and zero-trust security tools.