Asset Management One 13F: Cuts OKTA Stake by $8.6M

On October 27, 2026, Asset Management One cut its position in Okta, Inc. by 40,933 shares, bringing its total to 154,337 shares valued at $32,273,410. This information comes from the fund's latest Form 13F filing with the SEC.

In the filing, Asset Management One reported a reduction in its stake, reflecting a 20.96% decrease from its previous holding of 195,270 shares. This adjustment represents a portion of the fund's overall reported value of approximately $13.98 billion, ranking it 39th among its 940 total positions.

OKTA Okta, Inc.

$226.07 ▲ +170.29% year to date

1M 3M YTD

Daily close · Oct 27, 2026

Other Institutional Activity in Okta

First Trust Advisors LP grew its holdings by 303,274 shares, ending with 4,497,939 shares worth about $1.02 billion. Allspring Global Investments Holdings, LLC added 80,657 shares for a total of 3,633,828 shares valued at approximately $821.5 million. In contrast, Massachusetts Financial Services Co. reduced its stake by 676,413 shares, bringing its total to 3,060,676 shares valued at about $691.9 million.

Okta, Inc. Stock Up 6.1%

Okta, Inc. shares recently traded at about $226.14, which is roughly equal to its closing price of $226.07 on October 27, 2026. The stock is currently above its 50-day moving average by 21.3% and its 200-day moving average by 85.4%. However, it is slightly below its 52-week high of $235.00.

Recent Earnings

Okta reported trailing twelve-month revenue of about $3.07 billion, with a net margin of 9.6%. The company is expected to release its next earnings report on December 1, 2026.

Insider Buying and Selling at Okta, Inc.

Recently, several insiders sold shares of Okta, including Brett Tighe, the Chief Financial Officer, who sold 80,000 shares valued at about $12.88 million on September 2, 2026. Eric Robert Kelleher, the President, sold 2,549 shares for approximately $429,643 on September 11, 2026, and an additional 6,395 shares valued at about $1.17 million on September 18, 2026. Additionally, Todd McKinnon, the CEO, sold 48,822 shares worth around $9.45 million on September 22, 2026.

Analysts Set New Price Targets

On September 28, 2026, Scotiabank maintained its Sector Outperform rating with a price target of $245.00 for Okta. Morgan Stanley also kept an Overweight rating with a target of $245.00 on September 29, 2026. The consensus recommendation for Okta from 43 analysts is a "buy" with a mean price target of $214.72.

About Okta

Okta, Inc. provides identity management solutions, enabling organizations to securely connect users with the right applications. This recent stake adjustment by Asset Management One reflects the ongoing changes in institutional investor sentiment towards the company.

Bottom Line

Investors should watch for Okta's upcoming earnings report on December 1, 2026, as well as any further filings from Asset Management One. This cut in position indicates a shift in the fund's strategy regarding its stake in Okta, which is worth monitoring as market conditions evolve.