Earnest Partners LLC Sells 7,480 Shares of Akamai Technologies, Inc. $AKAM

Earnest Partners LLC reduced its position in Akamai Technologies, Inc. (NASDAQ:AKAM) by 0.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 2,189,573 shares of the technology infrastructure company’s stock after selling 7,480 shares during the period. Earnest Partners LLC owned about 1.52% of Akamai Technologies worth $165,882,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of AKAM. Banco Bilbao Vizcaya Argentaria S.A. increased its position in Akamai Technologies by 8.3% during the third quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 54,040 shares of the technology infrastructure company’s stock worth $4,089,000 after buying an additional 4,160 shares during the last quarter. California Public Employees Retirement System lifted its position in shares of Akamai Technologies by 6.2% in the third quarter. California Public Employees Retirement System now owns 260,289 shares of the technology infrastructure company’s stock valued at $19,719,000 after buying an additional 15,192 shares during the last quarter. Creative Planning boosted its stake in shares of Akamai Technologies by 97.9% during the 3rd quarter. Creative Planning now owns 45,255 shares of the technology infrastructure company’s stock worth $3,429,000 after acquiring an additional 22,383 shares during the period. SummitTX Capital L.P. bought a new position in shares of Akamai Technologies during the 3rd quarter worth approximately $1,171,000. Finally, AQR Capital Management LLC increased its holdings in shares of 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 acquiring an additional 1,695,937 shares during the last quarter. Institutional investors own 94.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on AKAM shares. Jefferies Financial Group downgraded Akamai Technologies to an “underperform” rating in a report on Monday, December 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Akamai Technologies in a report on Monday, December 29th. Craig Hallum increased their price objective on shares of Akamai Technologies from $90.00 to $100.00 and gave the company a “hold” rating in a research report on Friday, February 20th. Piper Sandler raised their target price on shares of Akamai Technologies from $89.00 to $97.00 and gave the stock a “neutral” rating in a research note on Monday, February 23rd. Finally, DA Davidson lifted their target price on shares of Akamai Technologies from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Ten investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $109.89.

Insider Buying and Selling at Akamai Technologies

In other Akamai Technologies news, Director Jon Miller sold 11,000 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $102.67, for a total transaction of $1,129,370.00. Following the transaction, the director owned 22,806 shares in the company, valued at $2,341,492.02. This represents a 32.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at 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 stock was sold at an average price of $104.29, for a total transaction of $1,564,350.00. Following the transaction, the executive vice president directly owned 22,064 shares in the company, 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. Insiders sold 75,834 shares of company stock valued at $7,547,034 in the last quarter. Company insiders own 2.00% of the company’s stock.

Akamai Technologies Stock Performance

AKAM opened at $107.67 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.36 and a quick ratio of 2.36. The business has a fifty day simple moving average of $97.79 and a 200 day simple moving average of $86.94. Akamai Technologies, Inc. has a 1 year low of $67.51 and a 1 year high of $113.50. The company has a market capitalization of $15.61 billion, a PE ratio of 34.96, a price-to-earnings-growth ratio of 3.63 and a beta of 0.72.

Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings data on Thursday, February 19th. The technology infrastructure company reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.09. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Akamai Technologies had a return on equity of 13.86% and a net margin of 10.74%.The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.66 EPS. 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. Research analysts expect that Akamai Technologies, Inc. will post 4.6 EPS for the current year.

About Akamai Technologies

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.