Livforsakringsbolaget Skandia, Omsesidigt 13F: Cuts OKTA Stake by $4.9M

Livforsakringsbolaget Skandia cut its holdings in Okta, Inc. (NasdaqGS: OKTA) by 23,300 shares during the quarter. According to a Form 13F filing on October 21, 2026, the fund wrapped up the period with 300 shares valued at roughly $62,733.

OKTA Okta, Inc.

$204.75 ▲ +144.80% year to date

1M 3M YTD

Daily close · Oct 22, 2026

What Changed in Livforsakringsbolaget Skandia's Okta Position

The fund held 23,600 shares prior to the adjustment. The reduction of 23,300 shares translates to a 98.7% decrease in its position.

Other Institutional Activity in Okta

Other large investors adjusted their positions differently during the same period. First Trust Advisors LP grew its holdings by 303,274 shares, ending with 4,497,939 shares worth about $928.4 million. Allspring Global Investments Holdings, LLC boosted its stake by 80,657 shares to hold 3,633,828 shares valued at about $750.1 million. Meanwhile, Massachusetts Financial Services Co. trimmed its position by 676,413 shares, finishing with 3,060,676 shares worth roughly $631.8 million.

Okta, Inc. Stock Up 7.6%

Okta shares recently traded around $208.67, closing at $208.64 on the filing date. The stock sits well above its 50-day moving average of $182.76 and its 200-day moving average of $120.19. The company has a market capitalization of roughly $36.5 billion and a trailing-twelve-month P/E ratio of 125.7.

Recent Earnings

For the trailing twelve months, Okta generated $3.07 billion in revenue with earnings of $1.66 per share. The company posted a net profit margin of 9.6% and a return on equity of 4.3%. Year-over-year revenue growth stood at 10.6%. Investors look ahead to the company's next earnings report scheduled for December 1, 2026.

Insider Buying and Selling at Okta, Inc.

Company insiders made several transactions ahead of the filing. Chief Financial Officer Brett Tighe sold 80,000 shares valued at about $12.9 million on September 2, 2026. President Eric Robert Kelleher sold 2,549 shares at an average price of $168.55 for a total of $429,643 on September 11, 2026, and later sold another 6,395 shares worth $1.2 million on September 18, 2026. Chief Executive Officer Todd Mckinnon sold 48,822 shares valued at roughly $9.4 million on September 22, 2026.

Analysts Set New Price Targets

Wall Street firms updated their views on the software provider in September and October. On September 28, 2026, Scotiabank maintained its Sector Outperform rating while raising its price target to $245.00 from $190.00. Morgan Stanley maintained an Overweight rating on September 29, 2026, lifting its target to $245.00 from $200.00. Amerx initiated coverage with a Hold rating and no price target on October 8, 2026. BMO Capital maintained an Outperform rating on October 9, 2026, moving its target to $245.00 from $230.00. Citigroup maintained a Neutral rating on October 15, 2026, raising its target to $215.00 from $205.00. Overall, the stock carries a consensus buy recommendation with a mean price target of $214.72 across 43 analyst opinions.

About Okta

Okta, Inc. operates as an identity management provider headquartered in San Francisco, California. The company builds software tools that help businesses securely manage user authentication and access controls across different applications and devices.

Bottom Line

Livforsakringsbolaget Skandia held a minimal remaining position in Okta after its sharp cut. Market participants will monitor the upcoming earnings release on December 1, 2026, for further updates on the software firm's financial trajectory.