Legal & General Group Plc Lowers Position in Akamai Technologies, Inc. $AKAM

Legal & General Group Plc decreased its stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 3.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,726,273 shares of the technology infrastructure company’s stock after selling 86,532 shares during the period. Legal & General Group Plc owned 1.90% of Akamai Technologies worth $206,542,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Alberta Investment Management Corp acquired a new stake in shares of Akamai Technologies during the 2nd quarter worth $822,000. Rakuten Investment Management Inc. acquired a new position in Akamai Technologies in the third quarter valued at $5,323,000. Norges Bank acquired a new position in Akamai Technologies in the second quarter valued at $266,817,000. National Pension Service grew its position in Akamai Technologies by 48.5% during the third quarter. National Pension Service now owns 68,111 shares of the technology infrastructure company’s stock valued at $5,160,000 after acquiring an additional 22,242 shares during the period. Finally, Fox Run Management L.L.C. grew its position in Akamai Technologies by 467.7% during the third quarter. Fox Run Management L.L.C. now owns 19,144 shares of the technology infrastructure company’s stock valued at $1,450,000 after acquiring an additional 15,772 shares during the period. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Insider Buying and Selling

In other news, CAO Laura Howell sold 11,273 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $100.14, for a total transaction of $1,128,878.22. Following the completion of the sale, the chief accounting officer directly owned 12,559 shares in the company, valued at $1,257,658.26. This trade represents a 47.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Edward J. Mcgowan sold 6,560 shares of Akamai Technologies stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $88.03, for a total value of $577,476.80. Following the sale, the chief financial officer directly owned 16,442 shares in the company, valued at approximately $1,447,389.26. The trade was a 28.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 75,834 shares of company stock worth $7,547,034 over the last quarter. Company insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on AKAM shares. Susquehanna raised their price objective on Akamai Technologies from $105.00 to $120.00 and gave the stock a “positive” rating in a report on Friday, February 20th. Raymond James Financial set a $120.00 target price on Akamai Technologies in a report on Thursday. The Goldman Sachs Group increased their target price on shares of Akamai Technologies from $69.00 to $76.00 and gave the stock a “sell” rating in a research report on Friday, February 20th. Piper Sandler raised their price target on shares of Akamai Technologies from $89.00 to $97.00 and gave the company a “neutral” rating in a report on Monday, February 23rd. Finally, DA Davidson lifted their price target on shares of Akamai Technologies from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Ten research analysts have rated the stock with 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, Akamai Technologies presently has a consensus rating of “Hold” and a consensus target price of $109.89.

Akamai Technologies Trading Down 0.9%

NASDAQ AKAM opened at $105.47 on Friday. The company’s fifty day simple moving average is $97.34 and its 200-day simple moving average is $86.66. Akamai Technologies, Inc. has a 52 week low of $67.51 and a 52 week high of $113.50. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 0.82. The stock has a market cap of $15.29 billion, a P/E ratio of 34.24, a PEG ratio of 3.59 and a beta of 0.72.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings results on Thursday, February 19th. The technology infrastructure company reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.09. Akamai Technologies had a net margin of 10.74% and a return on equity of 13.86%. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period last year, the business earned $1.66 EPS. The business’s revenue was up 7.4% on a year-over-year basis. Akamai Technologies has set its FY 2026 guidance at 6.200-7.200 EPS and its Q1 2026 guidance at 1.500-1.670 EPS. Equities research analysts predict that Akamai Technologies, Inc. will post 4.6 EPS for the current fiscal year.

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.