Inceptionr LLC acquired a new stake in Akamai Technologies, Inc. (NASDAQ:AKAM – Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 12,157 shares of the technology infrastructure company’s stock, valued at approximately $921,000.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. Alberta Investment Management Corp acquired a new position in Akamai Technologies during the second quarter worth $822,000. Rakuten Investment Management Inc. bought a new stake in shares of Akamai Technologies in the 3rd quarter worth about $5,323,000. Norges Bank acquired a new stake in shares of Akamai Technologies during the 2nd quarter worth about $266,817,000. National Pension Service lifted its holdings in Akamai Technologies by 48.5% during the 3rd quarter. National Pension Service now owns 68,111 shares of the technology infrastructure company’s stock valued at $5,160,000 after purchasing an additional 22,242 shares during the last quarter. Finally, Fox Run Management L.L.C. boosted its position in Akamai Technologies by 467.7% in 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 buying an additional 15,772 shares in the last quarter. Institutional investors own 94.28% of the company’s stock.
Akamai Technologies Stock Up 2.2%
NASDAQ AKAM opened at $102.11 on Tuesday. The stock has a market capitalization of $14.81 billion, a P/E ratio of 33.15, a price-to-earnings-growth ratio of 3.37 and a beta of 0.72. Akamai Technologies, Inc. has a 52 week low of $67.51 and a 52 week high of $113.50. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.36 and a current ratio of 2.36. The stock has a fifty day moving average of $96.26 and a 200-day moving average of $86.20.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on the stock. Evercore raised their price objective on shares of Akamai Technologies from $105.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, February 20th. DA Davidson raised their price target on Akamai Technologies from $115.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Wall Street Zen lowered Akamai Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. The Goldman Sachs Group raised their target price on Akamai Technologies from $69.00 to $76.00 and gave the company a “sell” rating in a research note on Friday, February 20th. Finally, Robert W. Baird upped their price target on shares of Akamai Technologies from $90.00 to $110.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th. Ten analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $108.84.
View Our Latest Research Report on AKAM
Insider Buying and Selling at Akamai Technologies
In other Akamai Technologies news, CAO Laura Howell sold 11,273 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $100.14, for a total value of $1,128,878.22. Following the transaction, the chief accounting officer directly owned 12,559 shares of the company’s stock, valued at approximately $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 can be accessed through the SEC website. Also, Director Jon Miller sold 11,000 shares of Akamai Technologies stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $102.67, for a total transaction of $1,129,370.00. Following the sale, the director directly owned 22,806 shares of the company’s stock, valued at $2,341,492.02. This represents a 32.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 60,834 shares of company stock valued at $5,982,684 over the last 90 days. Company insiders own 2.00% of the company’s stock.
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.
Read More
- Five stocks we like better than Akamai Technologies
- Buy this Gold Stock Before May 15th, 2026
- America’s 1776 happening again
- The Market Just Split in Two (URGENT)
- J.P. Morgan is betting on this coin
- Central banks just did something they haven’t done since 1967
Want to see what other hedge funds are holding AKAM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Akamai Technologies, Inc. (NASDAQ:AKAM – Free Report).
Receive News & Ratings for Akamai Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Akamai Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
