Retirement Systems of Alabama Acquires 122,846 Shares of Akamai Technologies, Inc. $AKAM

Retirement Systems of Alabama grew its stake in Akamai Technologies, Inc. (NASDAQ:AKAM) by 11.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,165,291 shares of the technology infrastructure company’s stock after purchasing an additional 122,846 shares during the period. Retirement Systems of Alabama’s holdings in Akamai Technologies were worth $88,282,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in AKAM. Y Intercept Hong Kong Ltd grew its position in Akamai Technologies by 476.0% during the third quarter. Y Intercept Hong Kong Ltd now owns 27,602 shares of the technology infrastructure company’s stock worth $2,091,000 after buying an additional 22,810 shares in the last quarter. UniSuper Management Pty Ltd lifted its position in shares of Akamai Technologies by 2.8% in the 3rd quarter. UniSuper Management Pty Ltd now owns 45,035 shares of the technology infrastructure company’s stock worth $3,412,000 after acquiring an additional 1,209 shares during the period. Covestor Ltd lifted its position in shares of Akamai Technologies by 27.3% in the 3rd quarter. Covestor Ltd now owns 1,397 shares of the technology infrastructure company’s stock worth $106,000 after acquiring an additional 300 shares during the period. Bruce G. Allen Investments LLC grew its holdings in shares of Akamai Technologies by 27.9% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 972 shares of the technology infrastructure company’s stock worth $74,000 after purchasing an additional 212 shares in the last quarter. Finally, Rakuten Investment Management Inc. bought a new stake in shares of Akamai Technologies during the third quarter valued at approximately $5,323,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Akamai Technologies Stock Performance

NASDAQ AKAM opened at $95.08 on Friday. Akamai Technologies, Inc. has a 1-year low of $67.51 and a 1-year high of $103.75. The company has a 50 day moving average of $88.58 and a 200-day moving average of $81.05. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.87. The firm has a market cap of $13.68 billion, a price-to-earnings ratio of 27.88, a PEG ratio of 3.44 and a beta of 0.68.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings results on Thursday, November 6th. The technology infrastructure company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.22. Akamai Technologies had a return on equity of 14.16% and a net margin of 12.26%.The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period in the prior year, the company earned $1.59 EPS. Akamai Technologies’s revenue for the quarter was up 5.0% on a year-over-year basis. Akamai Technologies has set its FY 2025 guidance at 6.930-7.130 EPS and its Q4 2025 guidance at 1.650-1.850 EPS. On average, equities analysts forecast that Akamai Technologies, Inc. will post 4.6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AKAM. TD Cowen lifted their price target on shares of Akamai Technologies from $98.00 to $104.00 and gave the stock a “hold” rating in a research note on Thursday, November 13th. DA Davidson reiterated a “buy” rating and set a $115.00 target price on shares of Akamai Technologies in a research report on Thursday, October 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Akamai Technologies in a research note on Monday, December 29th. Royal Bank Of Canada raised their price target on shares of Akamai Technologies from $80.00 to $90.00 and gave the stock a “sector perform” rating in a research note on Monday, January 5th. Finally, Oppenheimer began coverage on Akamai Technologies in a research note on Monday, November 17th. They issued an “outperform” rating and a $100.00 price objective on the stock. Seven investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $96.11.

Insider Buying and Selling

In other news, CFO Edward J. Mcgowan sold 6,560 shares of the business’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $88.03, for a total transaction of $577,476.80. Following the completion of the sale, the chief financial officer owned 16,442 shares in the company, valued at $1,447,389.26. The trade was a 28.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Adam Karon sold 3,320 shares of the company’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $87.30, for a total value of $289,836.00. Following the transaction, the chief operating officer directly owned 7,785 shares in the company, valued at $679,630.50. This trade represents a 29.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 32,318 shares of company stock worth $2,890,254. 2.00% of the stock is currently owned by company insiders.

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.