Akamai Technologies, Inc. $AKAM Stock: New Mexico Educational Retirement Board Boosts Position

New Mexico Educational Retirement Board raised its position in Akamai Technologies, Inc. (NASDAQ:AKAM) by 119.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 15,705 shares of the technology infrastructure company’s stock after purchasing an additional 8,557 shares during the period. New Mexico Educational Retirement Board’s holdings in Akamai Technologies were worth $1,670,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in AKAM. Latitude Advisors LLC acquired a new position in shares of Akamai Technologies during the 3rd quarter worth $26,000. Silvant Capital Management LLC purchased a new stake in shares of Akamai Technologies in the 2nd quarter worth about $32,000. Farmers & Merchants Investments Inc. grew its stake in Akamai Technologies by 153.7% in the 3rd quarter. Farmers & Merchants Investments Inc. now owns 274 shares of the technology infrastructure company’s stock valued at $29,000 after acquiring an additional 166 shares during the last quarter. Persistent Asset Partners Ltd acquired a new stake in Akamai Technologies in the 2nd quarter valued at about $54,000. Finally, Provenance Wealth Advisors LLC purchased a new position in Akamai Technologies during the 3rd quarter valued at about $51,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Akamai Technologies Stock Performance

Shares of NASDAQ AKAM opened at $86.68 on Thursday. The company has a market cap of $12.50 billion, a PE ratio of 33.60, a price-to-earnings-growth ratio of 2.92 and a beta of 0.65. Akamai Technologies, Inc. has a 12 month low of $77.37 and a 12 month high of $165.45. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.13 and a quick ratio of 1.64. The company has a 50-day simple moving average of $100.12 and a 200-day simple moving average of $112.06.

Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings data on Thursday, November 5th. The technology infrastructure company reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.10. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.12 billion. Akamai Technologies had a net margin of 8.84% and a return on equity of 10.88%. The company’s revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.86 earnings per share. 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. On average, equities analysts anticipate that Akamai Technologies, Inc. will post 3.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AKAM has been the topic of several recent research reports. TD Cowen upped their price target on shares of Akamai Technologies from $140.00 to $149.00 and gave the company a “hold” rating in a report on Friday, September 25th. Morgan Stanley dropped their price objective on shares of Akamai Technologies from $165.00 to $149.00 and set an “overweight” rating for the company in a research note on Monday, November 2nd. President Capital lifted their price objective on Akamai Technologies from $150.00 to $168.00 and gave the stock a “buy” rating in a research report on Wednesday, September 30th. Royal Bank Of Canada reduced their target price on Akamai Technologies from $135.00 to $85.00 and set a “sector perform” rating on the stock in a research note on Friday, November 6th. Finally, Scotiabank reduced their target price on Akamai Technologies from $180.00 to $120.00 and set a “sector outperform” rating on the stock in a research note on Friday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $135.09.

Insiders Place Their Bets

In other Akamai Technologies news, EVP Kim Salem-Jackson sold 2,013 shares of the stock in a transaction on Friday, September 25th. The stock was sold at an average price of $128.00, for a total transaction of $257,664.00. Following the transaction, the executive vice president owned 57,197 shares of the company’s stock, valued at $7,321,216. This represents a 3.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available 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 company’s stock in a transaction on Friday, September 25th. The shares were sold at an average price of $125.62, for a total value of $882,103.64. Following the completion of the transaction, the executive vice president owned 14,625 shares of the company’s stock, valued at $1,837,192.50. The trade was a 32.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 12,135 shares of company stock valued at $1,467,221. Company insiders own 2.30% of the company’s stock.

About Akamai Technologies

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.