Savant Capital LLC Reduces Position in Akamai Technologies, Inc. $AKAM

Savant Capital LLC lessened its position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 63.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,217 shares of the technology infrastructure company’s stock after selling 7,419 shares during the quarter. Savant Capital LLC’s holdings in Akamai Technologies were worth $368,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Invesco Ltd. grew its stake in Akamai Technologies by 5.8% during the 3rd quarter. Invesco Ltd. now owns 3,239,099 shares of the technology infrastructure company’s stock worth $245,394,000 after buying an additional 177,756 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Akamai Technologies by 35.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,331,333 shares of the technology infrastructure company’s stock worth $176,626,000 after buying an additional 612,071 shares during the last quarter. AQR Capital Management LLC grew its stake in Akamai Technologies by 522.8% during the 3rd quarter. AQR Capital Management LLC now owns 2,020,346 shares of the technology infrastructure company’s stock worth $153,061,000 after buying an additional 1,695,937 shares during the last quarter. Alyeska Investment Group L.P. grew its stake in Akamai Technologies by 570.0% during the 3rd quarter. Alyeska Investment Group L.P. now owns 1,634,040 shares of the technology infrastructure company’s stock worth $123,795,000 after buying an additional 1,390,167 shares during the last quarter. Finally, LSV Asset Management grew its stake in Akamai Technologies by 1,467.8% during the 4th quarter. LSV Asset Management now owns 783,900 shares of the technology infrastructure company’s stock worth $68,395,000 after buying an additional 733,900 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Akamai Technologies Stock Down 6.1%

Akamai Technologies stock opened at $149.32 on Friday. Akamai Technologies, Inc. has a twelve month low of $69.78 and a twelve month high of $165.45. The stock has a 50 day moving average of $124.37 and a two-hundred day moving average of $105.34. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $21.71 billion, a price-to-earnings ratio of 50.28, a PEG ratio of 5.02 and a beta of 0.60.

Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings data on Thursday, May 7th. The technology infrastructure company reported $1.61 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.61. Akamai Technologies had a return on equity of 12.96% and a net margin of 10.20%.The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the firm earned $1.70 EPS. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. 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. As a group, research analysts expect that Akamai Technologies, Inc. will post 3.89 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on AKAM. Oppenheimer raised their price target on Akamai Technologies from $115.00 to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Citigroup increased their price objective on Akamai Technologies from $110.00 to $160.00 and gave the stock a “neutral” rating in a research report on Friday, May 15th. KeyCorp increased their price objective on Akamai Technologies from $115.00 to $120.00 and gave the stock an “overweight” rating in a research report on Friday, February 20th. UBS Group increased their price objective on Akamai Technologies from $110.00 to $160.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Finally, Zacks Research cut Akamai Technologies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. Twelve analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $145.29.

Insider Activity at Akamai Technologies

In other news, EVP Mani Sundaram sold 1,722 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $98.58, for a total value of $169,754.76. Following the completion of the sale, the executive vice president directly owned 21,647 shares of the company’s stock, valued at $2,133,961.26. This trade represents a 7.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Anthony P. Williams sold 15,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 22,064 shares of the company’s stock, valued at $2,301,054.56. This represents a 40.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.30% of the stock is owned by company insiders.

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.