Akamai Technologies, Inc. $AKAM Shares Sold by Van Lanschot Kempen Investment Management N.V.

by · The Markets Daily

Van Lanschot Kempen Investment Management N.V. reduced its position in Akamai Technologies, Inc. (NASDAQ:AKAM – Free Report) by 10.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 383,311 shares of the technology infrastructure company’s stock after selling 43,351 shares during the quarter. Van Lanschot Kempen Investment Management N.V.’s holdings in Akamai Technologies were worth $33,444,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of AKAM. Y Intercept Hong Kong Ltd grew its position in Akamai Technologies by 183.1% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 78,134 shares of the technology infrastructure company’s stock valued at $6,817,000 after buying an additional 50,532 shares during the last quarter. Gagnon Securities LLC purchased a new position in Akamai Technologies in the 4th quarter valued at $220,000. Advisors Asset Management Inc. grew its position in Akamai Technologies by 38.8% in the 4th quarter. Advisors Asset Management Inc. now owns 32,448 shares of the technology infrastructure company’s stock valued at $2,831,000 after buying an additional 9,067 shares during the last quarter. CI Investments Inc. grew its position in Akamai Technologies by 27.4% in the 4th quarter. CI Investments Inc. now owns 2,324 shares of the technology infrastructure company’s stock valued at $203,000 after buying an additional 500 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. purchased a new position in Akamai Technologies in the 4th quarter valued at $325,000. 94.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Akamai Technologies news, EVP Kim Salem-Jackson sold 2,300 shares of the firm’s stock in a transaction on Wednesday, June 10th. The stock was 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 owned 59,210 shares of the company’s stock, valued at approximately $8,027,099.70. This trade 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 can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.30% of the company’s stock.

Akamai Technologies Price Performance

Akamai Technologies stock opened at $133.50 on Friday. Akamai Technologies, Inc. has a one year low of $69.78 and a one year high of $165.45. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.06 and a current ratio of 2.06. The business has a fifty day moving average of $126.43 and a two-hundred day moving average of $107.00. The company has a market cap of $19.41 billion, a P/E ratio of 44.95, a price-to-earnings-growth ratio of 4.18 and a beta of 0.60.

Akamai Technologies (NASDAQ:AKAM – Get Free Report) last released its earnings results on Thursday, May 7th. The technology infrastructure company reported $1.61 EPS for the quarter, meeting analysts’ consensus estimates of $1.61. Akamai Technologies had a return on equity of 12.96% and a net margin of 10.20%.The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the company earned $1.70 earnings per share. Akamai Technologies’s quarterly revenue 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. As a group, analysts predict that Akamai Technologies, Inc. will post 3.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Guggenheim lifted their price objective on shares of Akamai Technologies from $133.00 to $181.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Raymond James Financial lifted their price objective on shares of Akamai Technologies from $140.00 to $170.00 in a research report on Monday, May 11th. Citigroup lifted their price objective on shares of Akamai Technologies from $110.00 to $160.00 and gave the company a “neutral” rating in a research report on Friday, May 15th. Craig Hallum upgraded shares of Akamai Technologies from a “hold” rating to a “buy” rating and set a $190.00 price objective on the stock in a research report on Friday, May 8th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $156.00 price objective (up from $114.00) on shares of Akamai Technologies in a research report on Friday, May 8th. Twelve analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $145.29.

View Our Latest Research Report on Akamai Technologies

About Akamai Technologies

(Free Report)

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

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).