Akamai Technologies, Inc. $AKAM Shares Acquired by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System boosted its stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 167.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,910 shares of the technology infrastructure company’s stock after buying an additional 12,471 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Akamai Technologies were worth $2,117,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AKAM. Empowered Funds LLC raised its position in shares of Akamai Technologies by 503.6% during the first quarter. Empowered Funds LLC now owns 42,831 shares of the technology infrastructure company’s stock worth $4,919,000 after acquiring an additional 35,735 shares during the last quarter. QRG Capital Management Inc. lifted its stake in shares of Akamai Technologies by 1,716.7% in the second quarter. QRG Capital Management Inc. now owns 32,610 shares of the technology infrastructure company’s stock worth $3,855,000 after acquiring an additional 30,815 shares during the period. TimesSquare Capital Management LLC acquired a new position in shares of Akamai Technologies in the second quarter worth approximately $27,250,000. PNC Financial Services Group Inc. lifted its stake in shares of Akamai Technologies by 59.2% in the first quarter. PNC Financial Services Group Inc. now owns 40,593 shares of the technology infrastructure company’s stock worth $4,662,000 after acquiring an additional 15,091 shares during the period. Finally, ABN AMRO Bank N.V. bought a new stake in Akamai Technologies in the second quarter valued at approximately $9,737,000. 94.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on AKAM shares. Evercore downgraded shares of Akamai Technologies from an “outperform” rating to an “in-line” rating and decreased their target price for the company from $150.00 to $90.00 in a research report on Tuesday. UBS Group lowered their price target on shares of Akamai Technologies from $100.00 to $90.00 and set a “neutral” rating for the company in a report on Friday, November 6th. Citigroup dropped their price target on shares of Akamai Technologies from $160.00 to $122.00 and set a “neutral” rating on the stock in a research report on Friday, September 4th. HSBC downgraded shares of Akamai Technologies from a “buy” rating to a “hold” rating and dropped their price target for the stock from $171.00 to $123.00 in a research report on Monday, August 10th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Akamai Technologies from $158.00 to $167.00 and gave the company a “neutral” rating in a research note on Friday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $135.09.

Insiders Place Their Bets

In other news, EVP Mani Sundaram sold 7,022 shares of the firm’s stock in a transaction that occurred on Friday, September 25th. The shares were sold at an average price of $125.62, for a total transaction of $882,103.64. Following the completion of the sale, the executive vice president owned 14,625 shares of the company’s stock, valued at $1,837,192.50. This trade represents a 32.44% decrease in their position. The sale 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, CEO F. Leighton acquired 30,000 shares of Akamai Technologies stock in a transaction dated Friday, November 13th. The shares were bought at an average cost of $85.08 per share, with a total value of $2,552,400.00. Following the transaction, the chief executive officer owned 2,559,963 shares in the company, valued at approximately $217,801,652.04. This trade represents a 1.19% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 12,135 shares of company stock valued at $1,467,221 in the last ninety days. 2.30% of the stock is owned by corporate insiders.

Akamai Technologies News Summary

Investors following AKAM have been watching these news items:

• Positive Sentiment: CEO F. Leighton bought 30,000 shares for about $2.55 million at an average of $85.08, increasing his direct ownership by 1.19%. The sizable insider purchase may signal confidence in Akamai’s prospects. SEC filing
• Positive Sentiment: CrowdStrike selected Akamai for security services, providing a customer-validation signal for its security business, though the article does not detail the deal’s financial contribution. CrowdStrike chose Akamai for security
• Negative Sentiment: Scotiabank lowered its 2026 EPS estimate to $3.47 from $3.55. It retained a Sector Outperform rating and a $120 price target, but the earnings cut may add pressure amid broader analyst concerns. Analyst view on Akamai

Akamai Technologies Trading Down 1.3%

Shares of NASDAQ:AKAM traded down $1.16 during midday trading on Friday, reaching $85.40. The company’s stock had a trading volume of 5,111,297 shares, compared to its average volume of 6,893,247. The firm has a market capitalization of $12.32 billion, a price-to-earnings ratio of 33.10, a PEG ratio of 2.99 and a beta of 0.65. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.64 and a current ratio of 2.13. The firm has a 50 day moving average price of $99.32 and a two-hundred day moving average price of $111.91. Akamai Technologies, Inc. has a fifty-two week low of $77.37 and a fifty-two week high of $165.45.

Akamai Technologies (NASDAQ:AKAM) last announced its earnings results on Thursday, November 5th. The technology infrastructure company reported $1.77 EPS for the quarter, beating the consensus estimate of $1.67 by $0.10. Akamai Technologies had a return on equity of 10.88% and a net margin of 8.84%. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the prior year, the company earned $1.86 EPS. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. Akamai Technologies has set its FY 2026 guidance at 6.470-6.680 EPS and its Q4 2026 guidance at 1.500-1.700 EPS. As a group, analysts forecast that Akamai Technologies, Inc. will post 3.57 earnings per share for the current year.

Akamai Technologies Profile

Akamai Technologies is a technology company that provides cloud computing, cybersecurity and content delivery services. Its distributed platform helps businesses deliver digital content and applications, protect online operations and run workloads closer to users and devices. The company’s offerings include web and application performance services, protection against cyberattacks, application and API security, and cloud infrastructure through Akamai Connected Cloud. Its services support organizations seeking to improve the speed, availability and security of their websites, applications and online services.