Akamai Technologies, Inc. $AKAM Shares Acquired by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP lifted its holdings in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 859.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 9,107 shares of the technology infrastructure company’s stock after purchasing an additional 8,158 shares during the quarter. Fulcrum Asset Management LLP’s holdings in Akamai Technologies were worth $899,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of AKAM. Dimensional Fund Advisors LP lifted its holdings in Akamai Technologies by 11.2% in the first quarter. Dimensional Fund Advisors LP now owns 3,464,793 shares of the technology infrastructure company’s stock worth $397,881,000 after acquiring an additional 349,451 shares during the last quarter. Edmond DE Rothschild Holding S.A. acquired a new position in Akamai Technologies in the second quarter valued at approximately $222,046,000. Pictet Asset Management Holding SA boosted its stake in Akamai Technologies by 3.6% in the third quarter. Pictet Asset Management Holding SA now owns 1,731,292 shares of the technology infrastructure company’s stock valued at $184,215,000 after acquiring an additional 59,453 shares during the period. William Blair Investment Management LLC bought a new position in shares of Akamai Technologies during the second quarter valued at approximately $181,508,000. Finally, Legal & General Group Plc bought a new position in shares of Akamai Technologies during the second quarter valued at approximately $159,564,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Insider Transactions at Akamai Technologies

In other news, EVP Kim Salem-Jackson sold 2,013 shares of the business’s stock in a transaction on Friday, September 25th. The stock was sold at an average price of $128.00, for a total value of $257,664.00. Following the sale, the executive vice president owned 57,197 shares of the company’s stock, valued at approximately $7,321,216. The trade was a 3.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 the firm’s stock in a transaction dated Friday, September 25th. The shares were sold at an average price of $125.62, for a total value of $882,103.64. Following the transaction, the executive vice president directly owned 14,625 shares of the company’s stock, valued at $1,837,192.50. This represents a 32.44% 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 90 days, insiders have sold 12,135 shares of company stock valued at $1,467,221. Corporate insiders own 2.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Royal Bank Of Canada dropped their price target on Akamai Technologies from $135.00 to $85.00 and set a “sector perform” rating on the stock in a research report on Friday, November 6th. Wall Street Zen upgraded Akamai Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, October 17th. FBN Securities restated an “outperform” rating and set a $120.00 price objective on shares of Akamai Technologies in a research note on Friday, November 6th. KeyCorp lowered their price objective on Akamai Technologies from $195.00 to $175.00 and set an “overweight” rating for the company in a research note on Friday, November 6th. Finally, 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 report on Tuesday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $135.09.

Akamai Technologies Trading Down 0.1%

Shares of NASDAQ:AKAM opened at $86.56 on Friday. The company has a 50 day moving average of $99.75 and a 200-day moving average of $112.00. The company has a current ratio of 2.13, a quick ratio of 1.64 and a debt-to-equity ratio of 1.25. The firm has a market cap of $12.48 billion, a P/E ratio of 33.55, a P/E/G ratio of 2.99 and a beta of 0.65. Akamai Technologies, Inc. has a twelve month low of $77.37 and a twelve month high of $165.45.

Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings data on Thursday, November 5th. The technology infrastructure company reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $1.67 by $0.10. Akamai Technologies had a net margin of 8.84% and a return on equity of 10.88%. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter last year, the business earned $1.86 earnings per share. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. Akamai Technologies has set its FY 2026 guidance at 6.470-6.680 EPS and its Q4 2026 guidance at 1.500-1.700 EPS. As a group, analysts anticipate that Akamai Technologies, Inc. will post 3.58 earnings per share for the current fiscal year.

Akamai Technologies Company Profile

Akamai Technologies is a technology company that provides cloud computing, cybersecurity and content delivery services. Its distributed platform helps businesses deliver digital content and applications, protect online operations and run workloads closer to users and devices. The company’s offerings include web and application performance services, protection against cyberattacks, application and API security, and cloud infrastructure through Akamai Connected Cloud. Its services support organizations seeking to improve the speed, availability and security of their websites, applications and online services.