Tandem Investment Advisors Inc. Sells 4,923 Shares of Akamai Technologies, Inc. $AKAM

Tandem Investment Advisors Inc. cut its position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 16.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,861 shares of the technology infrastructure company’s stock after selling 4,923 shares during the period. Tandem Investment Advisors Inc.’s holdings in Akamai Technologies were worth $2,970,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in AKAM. First Trust Advisors LP lifted its stake in Akamai Technologies by 16.5% in the fourth quarter. First Trust Advisors LP now owns 6,752,000 shares of the technology infrastructure company’s stock worth $589,112,000 after purchasing an additional 957,345 shares during the last quarter. Invesco Ltd. grew its stake in shares of Akamai Technologies by 5.8% during the third quarter. Invesco Ltd. now owns 3,239,099 shares of the technology infrastructure company’s stock valued at $245,394,000 after buying an additional 177,756 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Akamai Technologies by 33.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,115,342 shares of the technology infrastructure company’s stock worth $271,820,000 after buying an additional 784,009 shares during the period. Norges Bank bought a new stake in shares of Akamai Technologies during the 4th quarter worth approximately $192,959,000. Finally, Alyeska Investment Group L.P. lifted its stake in shares of Akamai Technologies by 34.5% during the 4th quarter. Alyeska Investment Group L.P. now owns 2,197,218 shares of the technology infrastructure company’s stock worth $191,707,000 after acquiring an additional 563,178 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AKAM has been the topic of several research analyst reports. Guggenheim upped their price objective on Akamai Technologies from $133.00 to $181.00 and gave the company a “buy” rating in a research report on Friday, May 8th. The Goldman Sachs Group lifted their target price on Akamai Technologies from $76.00 to $87.00 and gave the stock a “sell” rating in a research report on Friday, May 8th. Morgan Stanley boosted their target price on shares of Akamai Technologies from $120.00 to $165.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Royal Bank Of Canada upped their price target on shares of Akamai Technologies from $100.00 to $150.00 and gave the stock a “sector perform” rating in a report on Friday, May 8th. Finally, Oppenheimer raised their price target on shares of Akamai Technologies from $115.00 to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Twelve investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Akamai Technologies currently has an average rating of “Hold” and an average price target of $145.29.

Insider Activity

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

Akamai Technologies Trading Up 1.2%

AKAM opened at $120.19 on Friday. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.84. The stock’s fifty day moving average is $134.23 and its two-hundred day moving average is $112.78. The company has a market capitalization of $17.47 billion, a P/E ratio of 40.47, a PEG ratio of 3.77 and a beta of 0.63. Akamai Technologies, Inc. has a 52 week low of $69.78 and a 52 week high of $165.45.

Akamai Technologies (NASDAQ:AKAM) last issued 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. Akamai Technologies had a return on equity of 12.96% and a net margin of 10.20%.The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the prior year, the business earned $1.70 EPS. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. 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. Analysts forecast that Akamai Technologies, Inc. will post 3.92 earnings per share for the current year.

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.