Amanah Holdings Trust 13F: New $149M Stake in OKTA

Amanah Holdings Trust opened a brand-new stake in Okta, Inc. OKTA, picking up 711,946 shares worth roughly $148.9 million. The portfolio move came to light in an SEC Form 13F filing on October 23, 2026, showing a fresh investment in the identity management software provider. Okta shares closed at $213.05 on the filing date.

OKTA Okta, Inc.

$213.20 ▲ +154.90% year to date

1M 3M YTD

Daily close · Oct 23, 2026

What Changed in Amanah Holdings Trust's Okta Position

The trust established its position from scratch during the quarter, ending with 711,946 shares of Okta, Inc. OKTA valued at $148,875,028. Because this is a brand-new holding, there was no prior share count or percentage change to report. Okta, Inc. OKTA traded at $213.05 on October 23, 2026, when the paperwork was filed.

Other Institutional Activity in Okta

Other large funds made notable adjustments to their Okta holdings during recent reporting cycles. Livforsakringsbolaget Skandia cut its stake significantly, dropping 23,300 shares to leave it with 300 shares worth $62,733. Davenport also reduced its position by selling 431,267 shares, ending with 376,237 shares valued at $78.1 million. E. Ohman J:or Asset Management trimmed its holdings by 18,300 shares, finishing with 127,856 shares worth $26.7 million. On the buying side, First Trust Advisors grew its holdings by 303,274 shares, ending with 4,497,939 shares valued at $958.3 million. Allspring Global Investments Holdings lifted its stake by 80,657 shares, concluding the period with 3,633,828 shares worth $774.2 million.

Okta, Inc. Stock Up 2.2%

Okta, Inc. OKTA recently traded around $213.23 as of October 24, 2026, putting it about equal to its event close. The software company's stock has enjoyed a strong run, sitting well above its 50-day moving average of $183.84 and far above its 200-day moving average of $120.75. Even with this momentum, the shares trade just below their 52-week high of $235.00 while resting high above their 52-week low of $62.66. The current price sits just under the analyst mean price target of $214.72.

Recent Earnings

Okta generated trailing twelve month revenue of $3.07 billion with an earnings per share of $1.60. The company reported a net profit margin of 9.6% and a return on equity of 4.3%, alongside a year-over-year revenue growth rate of 10.6%. Investors can look toward the next earnings report scheduled for December 1, 2026.

Dividend

Okta, Inc. OKTA does not pay a dividend, keeping a payout ratio of 0.0% and a dividend yield of 0.0% as all earnings are reinvested back into the business.

Insider Buying and Selling at Okta, Inc.

Company insiders completed several transactions prior to the filing. Chief Financial Officer Brett Tighe disposed of 80,000 shares on September 2, 2026, totaling about $12.9 million. President Eric Robert Kelleher sold 2,549 shares at $168.55 per share on September 11, 2026, for a value of $429,643, and later sold 6,395 shares valued at $1.2 million on September 18, 2026. Chief Executive Officer Todd Mckinnon parted with 48,822 shares worth roughly $9.4 million on September 22, 2026.

Analysts Set New Price Targets

Wall Street analysts have kept a close eye on the software developer ahead of its next financial update. On September 28, 2026, Scotiabank maintained its sector outperform rating and raised its target from $190.00 to $245.00. Morgan Stanley kept an overweight rating on September 29, 2026, bumping its target from $200.00 to $245.00. Amerx initiated coverage with a hold rating on October 8, 2026. BMO Capital maintained an outperform rating on October 9, 2026, lifting its target from $230.00 to $245.00. Citigroup kept a neutral rating on October 15, 2026, adjusting its target from $205.00 to $215.00. Overall, the stock carries a consensus buy recommendation from 43 analysts.

About Okta

Okta, Inc. OKTA provides cloud software that helps businesses manage and secure user identities and control access to applications. Headquartered in San Francisco, the company connects enterprises with secure login tools for employees and customers alike. Institutional interest like this underscores how enterprise security software remains a key focus for asset managers.

Bottom Line

Amanah Holdings Trust's new investment highlights institutional interest in Okta as the software provider heads toward its next earnings update on December 1, 2026. Investors will want to watch whether the stock can break past its recent highs and hold its strong momentum above key moving averages.