Systematic Financial Management LP raised its holdings in Akamai Technologies, Inc. (NASDAQ:AKAM – Free Report) by 35.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 48,435 shares of the technology infrastructure company’s stock after acquiring an additional 12,790 shares during the period. Systematic Financial Management LP’s holdings in Akamai Technologies were worth $5,563,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also modified their holdings of AKAM. JFS Wealth Advisors LLC grew its position in shares of Akamai Technologies by 626.2% in the 4th quarter. JFS Wealth Advisors LLC now owns 305 shares of the technology infrastructure company’s stock valued at $27,000 after purchasing an additional 263 shares during the period. Sarver Vrooman Wealth Advisors acquired a new stake in Akamai Technologies during the 4th quarter worth approximately $31,000. Root Financial Partners LLC raised its holdings in Akamai Technologies by 45.8% during the 4th quarter. Root Financial Partners LLC now owns 350 shares of the technology infrastructure company’s stock worth $31,000 after buying an additional 110 shares during the period. WealthCollab LLC lifted its stake in Akamai Technologies by 154.2% in the fourth quarter. WealthCollab LLC now owns 394 shares of the technology infrastructure company’s stock valued at $34,000 after buying an additional 239 shares in the last quarter. Finally, CYBER HORNET ETFs LLC bought a new position in Akamai Technologies in the second quarter valued at approximately $32,000. Institutional investors own 94.28% of the company’s stock.
Analysts Set New Price Targets
Several brokerages have recently issued reports on AKAM. Scotiabank increased their price objective on shares of Akamai Technologies from $120.00 to $180.00 and gave the stock a “sector outperform” rating in a research report on Friday, May 8th. Bank of America raised shares of Akamai Technologies from a “neutral” rating to a “buy” rating and upped their target price for the stock from $130.00 to $175.00 in a research note on Wednesday, May 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Akamai Technologies in a report on Wednesday, June 24th. Evercore started coverage on Akamai Technologies in a research note on Tuesday, April 14th. They issued an “outperform” rating and a $130.00 price target on the stock. Finally, Raymond James Financial boosted their price target on Akamai Technologies from $140.00 to $170.00 in a report on Monday, May 11th. Twelve equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $145.29.
Insider Buying and Selling
In other news, CTO Robert Blumofe sold 243 shares of the stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $129.41, for a total value of $31,446.63. Following the completion of the sale, the chief technology officer owned 31,006 shares of the company’s stock, valued at approximately $4,012,486.46. This represents a 0.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kim Salem-Jackson sold 2,300 shares of the firm’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $135.57, for a total transaction of $311,811.00. Following the completion of the transaction, 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.30% of the company’s stock.
Akamai Technologies Price Performance
NASDAQ AKAM opened at $115.37 on Friday. The firm’s 50 day moving average is $130.93 and its 200-day moving average is $113.96. 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 company has a market capitalization of $16.77 billion, a PE ratio of 38.85, a price-to-earnings-growth ratio of 3.68 and a beta of 0.63. Akamai Technologies, Inc. has a 12-month low of $69.78 and a 12-month high of $165.45.
Akamai Technologies (NASDAQ:AKAM – Get Free Report) last announced its earnings results on Thursday, May 7th. The technology infrastructure company reported $1.61 EPS for the quarter, hitting the consensus estimate of $1.61. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Akamai Technologies had a net margin of 10.20% and a return on equity of 12.96%. The firm’s revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.70 earnings per share. 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. Equities research analysts anticipate that Akamai Technologies, Inc. will post 3.92 earnings per share for the current fiscal year.
About Akamai Technologies
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.
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