Akamai Technologies, Inc. $AKAM Stock Bought by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI grew its position in Akamai Technologies, Inc. (NASDAQ:AKAM) by 251.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,084 shares of the technology infrastructure company’s stock after purchasing an additional 6,502 shares during the period. Citizens Financial Group Inc. RI’s holdings in Akamai Technologies were worth $966,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Manchester Capital Management LLC increased its position in shares of Akamai Technologies by 15.8% during the 3rd quarter. Manchester Capital Management LLC now owns 1,822 shares of the technology infrastructure company’s stock worth $186,000 after purchasing an additional 248 shares in the last quarter. Farmers & Merchants Investments Inc. boosted its position in Akamai Technologies by 153.7% in the third quarter. Farmers & Merchants Investments Inc. now owns 274 shares of the technology infrastructure company’s stock valued at $29,000 after buying an additional 166 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its position in Akamai Technologies by 6.8% in the third quarter. Fifth Third Wealth Advisors LLC now owns 3,141 shares of the technology infrastructure company’s stock valued at $334,000 after buying an additional 201 shares in the last quarter. WASHINGTON TRUST Co boosted its position in Akamai Technologies by 148.3% in the third quarter. WASHINGTON TRUST Co now owns 8,558 shares of the technology infrastructure company’s stock valued at $910,000 after buying an additional 5,112 shares in the last quarter. Finally, Inspire Investing LLC grew its stake in Akamai Technologies by 53.7% during the third quarter. Inspire Investing LLC now owns 27,413 shares of the technology infrastructure company’s stock worth $2,915,000 after buying an additional 9,581 shares during the last quarter. Institutional investors own 94.28% of the company’s stock.

Akamai Technologies News Summary

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

• Positive Sentiment: Akamai launched Akamai Inference and Akamai Agent Sandbox on Akamai Cloud. The services are designed to provide managed AI model serving and isolated environments for executing AI agents, expanding Akamai’s position in cloud infrastructure, cybersecurity and artificial intelligence. Investors may view the offerings as opportunities to generate new revenue and differentiate the company from larger cloud providers. Akamai Launches AI Inference Service and Agent Execution Environment
• Neutral Sentiment: The new AI capabilities have attracted attention as companies seek secure, distributed infrastructure for AI workloads. However, the articles do not provide financial targets or customer commitments, so the near-term revenue impact remains uncertain. Akamai expands its AI Cloud platform with dedicated inference and agent execution environments
• Negative Sentiment: Zacks Research reduced its EPS forecasts across several periods while maintaining a Hold rating. Cuts include fiscal 2026 EPS to $3.76 from $3.80, fiscal 2027 EPS to $3.73 from $3.92, and fiscal 2028 EPS to $4.60 from $4.68. Quarterly estimates were also lowered, including Q4 2026 to $1.07 from $1.11 and Q2 2027 to $0.70 from $0.83. The broad revisions suggest weaker expected profitability and are a likely source of pressure on AKAM, although the revised fiscal 2026 estimate remains above the $3.58 consensus.
• Negative Sentiment: Analysts expect Akamai’s upcoming third-quarter report to show a double-digit decline in profit. That outlook raises concerns about near-term earnings momentum and could cause investors to focus more heavily on management’s guidance and the pace at which the AI initiatives can contribute financially. What to Expect From Akamai Technologies’ Q3 2026 Earnings Report

Akamai Technologies Price Performance

Shares of AKAM stock opened at $98.10 on Thursday. Akamai Technologies, Inc. has a 1 year low of $70.82 and a 1 year high of $165.45. The firm’s 50 day moving average is $104.59 and its 200-day moving average is $112.34. The firm has a market capitalization of $14.10 billion, a price-to-earnings ratio of 35.29, a PEG ratio of 4.40 and a beta of 0.62. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.23.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.02. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. Akamai Technologies had a net margin of 9.51% and a return on equity of 11.32%. Akamai Technologies’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter last year, the business posted $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. Sell-side analysts forecast that Akamai Technologies, Inc. will post 3.58 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Guggenheim boosted their target price on Akamai Technologies from $190.00 to $225.00 and gave the stock a “buy” rating in a report on Friday, September 25th. Evercore reaffirmed an “outperform” rating on shares of Akamai Technologies in a report on Friday, September 25th. Bank of America lifted their price objective on Akamai Technologies from $175.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, September 25th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $135.00 price objective on shares of Akamai Technologies in a research note on Friday, September 25th. Finally, Wall Street Zen upgraded Akamai Technologies from a “sell” rating to a “hold” rating in a report on Saturday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $146.00.

Insiders Place Their Bets

In other news, EVP Mani Sundaram sold 7,022 shares of Akamai Technologies stock in a transaction on Friday, September 25th. The stock was sold at an average price of $125.62, for a total value of $882,103.64. Following the completion of the sale, the executive vice president directly owned 14,625 shares of the company’s stock, valued at approximately $1,837,192.50. This trade represents a 32.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kim Salem-Jackson sold 2,013 shares of the company’s stock in a transaction on Friday, September 25th. The shares were sold at an average price of $128.00, for a total value of $257,664.00. Following the transaction, the executive vice president directly owned 57,197 shares in the company, valued at $7,321,216. This trade represents a 3.40% decrease in their position. 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. In the last quarter, insiders have sold 12,135 shares of company stock valued at $1,467,221. 2.30% of the stock is currently owned by corporate insiders.

About Akamai Technologies

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.