Akamai Technologies, Inc. $AKAM Shares Purchased by First Horizon Corp

First Horizon Corp raised its stake in Akamai Technologies, Inc. (NASDAQ:AKAM) by 12.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 154,910 shares of the technology infrastructure company’s stock after purchasing an additional 17,274 shares during the period. First Horizon Corp’s holdings in Akamai Technologies were worth $13,516,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of AKAM. Merit Financial Group LLC raised its stake in Akamai Technologies by 3.5% during the 4th quarter. Merit Financial Group LLC now owns 8,488 shares of the technology infrastructure company’s stock worth $741,000 after acquiring an additional 288 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Akamai Technologies by 41.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,531 shares of the technology infrastructure company’s stock valued at $3,711,000 after acquiring an additional 12,449 shares in the last quarter. Lightrock Netherlands B.V. boosted its stake in Akamai Technologies by 161.6% in the fourth quarter. Lightrock Netherlands B.V. now owns 262,396 shares of the technology infrastructure company’s stock valued at $22,894,000 after acquiring an additional 162,100 shares in the last quarter. CWM LLC grew its holdings in shares of Akamai Technologies by 11.5% during the fourth quarter. CWM LLC now owns 117,981 shares of the technology infrastructure company’s stock worth $10,294,000 after purchasing an additional 12,133 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of Akamai Technologies by 12.3% during the fourth quarter. Farther Finance Advisors LLC now owns 3,049 shares of the technology infrastructure company’s stock worth $266,000 after purchasing an additional 335 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. UBS Group boosted their target price on Akamai Technologies from $90.00 to $110.00 and gave the company a “neutral” rating in a report on Friday, February 20th. Raymond James Financial set a $120.00 price target on Akamai Technologies in a research note on Thursday, March 12th. The Goldman Sachs Group lifted their price target on Akamai Technologies from $69.00 to $76.00 and gave the stock a “sell” rating in a research report on Friday, February 20th. DA Davidson boosted their price objective on Akamai Technologies from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Finally, Citigroup increased their price objective on Akamai Technologies from $103.00 to $110.00 and gave the company a “neutral” rating in a report on Friday, February 20th. Nine investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $111.58.

Akamai Technologies Price Performance

Shares of NASDAQ:AKAM opened at $95.89 on Friday. Akamai Technologies, Inc. has a one year low of $69.78 and a one year high of $121.12. The stock has a market capitalization of $13.91 billion, a price-to-earnings ratio of 31.13, a PEG ratio of 3.32 and a beta of 0.59. The company has a 50-day simple moving average of $105.38 and a 200-day simple moving average of $92.40. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.36 and a current ratio of 2.36.

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

Insider Activity at Akamai Technologies

In other news, Director Jon Miller sold 11,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director owned 22,806 shares in the company, valued at $2,341,492.02. This represents a 32.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Anthony P. Williams sold 15,000 shares of the stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $104.29, for a total value of $1,564,350.00. Following the sale, the executive vice president directly owned 22,064 shares of the company’s stock, valued at approximately $2,301,054.56. This represents a 40.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 60,954 shares of company stock worth $6,228,871 in the last ninety days. Company insiders own 2.30% of the company’s stock.

Akamai Technologies 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.