SEB Asset Management AB Purchases New Shares in Akamai Technologies, Inc. $AKAM

SEB Asset Management AB acquired a new position in Akamai Technologies, Inc. (NASDAQ:AKAM) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 28,226 shares of the technology infrastructure company’s stock, valued at approximately $3,242,000.

Other institutional investors have also recently bought and sold shares of the company. Swiss National Bank boosted its holdings in Akamai Technologies by 0.7% in the 1st quarter. Swiss National Bank now owns 284,700 shares of the technology infrastructure company’s stock valued at $32,698,000 after purchasing an additional 2,100 shares during the period. Bessemer Group Inc. increased its holdings in shares of Akamai Technologies by 32.0% during the first quarter. Bessemer Group Inc. now owns 4,557 shares of the technology infrastructure company’s stock worth $524,000 after purchasing an additional 1,106 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of Akamai Technologies by 4.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 7,391 shares of the technology infrastructure company’s stock valued at $856,000 after buying an additional 327 shares in the last quarter. Wealthfront Advisers LLC raised its position in shares of Akamai Technologies by 18.6% in the first quarter. Wealthfront Advisers LLC now owns 5,989 shares of the technology infrastructure company’s stock valued at $688,000 after buying an additional 940 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its stake in shares of Akamai Technologies by 27.9% in the first quarter. D.A. Davidson & CO. now owns 14,462 shares of the technology infrastructure company’s stock valued at $1,661,000 after buying an additional 3,152 shares during the period. Institutional investors own 94.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Akamai Technologies in a research report on Wednesday, June 24th. HSBC lifted their price objective on Akamai Technologies from $134.00 to $171.00 in a report on Monday, May 11th. Raymond James Financial increased their target price on Akamai Technologies from $140.00 to $170.00 in a report on Monday, May 11th. Evercore initiated coverage on Akamai Technologies in a research report on Tuesday, April 14th. They issued an “outperform” rating and a $130.00 price target on the stock. Finally, Zacks Research raised Akamai Technologies from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Twelve equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Akamai Technologies has a consensus rating of “Hold” and an average target price of $145.29.

Akamai Technologies Stock Down 5.6%

Shares of AKAM opened at $117.37 on Friday. Akamai Technologies, Inc. has a one year low of $69.78 and a one year high of $165.45. The company has a market cap of $17.06 billion, a P/E ratio of 39.52, a P/E/G ratio of 3.90 and a beta of 0.63. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.06 and a quick ratio of 2.06. The firm has a 50 day simple moving average of $131.64 and a two-hundred day simple moving average of $113.96.

Akamai Technologies (NASDAQ:AKAM) last released its earnings results on Thursday, May 7th. The technology infrastructure company reported $1.61 earnings per share for the quarter, hitting the consensus estimate of $1.61. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Akamai Technologies had a return on equity of 12.96% and a net margin of 10.20%.The company’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.70 earnings per share. 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. Research analysts forecast that Akamai Technologies, Inc. will post 3.92 EPS for the current fiscal year.

Insider Buying and Selling at Akamai Technologies

In related news, EVP Kim Salem-Jackson sold 2,300 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $135.57, for a total value of $311,811.00. Following the sale, the executive vice president directly owned 59,210 shares of the company’s stock, valued at $8,027,099.70. This trade represents a 3.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Robert Blumofe sold 243 shares of Akamai Technologies stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $129.41, for a total value of $31,446.63. Following the completion of the transaction, the chief technology officer owned 31,006 shares in the company, valued at approximately $4,012,486.46. This represents a 0.78% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.30% of the stock is owned by corporate 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.