X Square Capital LLC Purchases New Stake in Akamai Technologies, Inc. $AKAM

Posted by Brian Himes on Aug 23rd, 2026

X Square Capital LLC purchased a new stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM – Free Report) in the 2nd quarter, Holdings Channel reports. The fund purchased 5,469 shares of the technology infrastructure company’s stock, valued at approximately $646,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its position in shares of Akamai Technologies by 101.4% in the fourth quarter. Brighton Jones LLC now owns 4,016 shares of the technology infrastructure company’s stock valued at $384,000 after purchasing an additional 2,022 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of Akamai Technologies by 35.2% during the 1st quarter. Jones Financial Companies Lllp now owns 1,087 shares of the technology infrastructure company’s stock worth $88,000 after buying an additional 283 shares during the period. United Services Automobile Association bought a new stake in shares of Akamai Technologies during the 1st quarter worth about $266,000. Empowered Funds LLC grew its stake in Akamai Technologies by 73.0% in the 1st quarter. Empowered Funds LLC now owns 7,134 shares of the technology infrastructure company’s stock valued at $574,000 after buying an additional 3,010 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in Akamai Technologies by 152.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,163 shares of the technology infrastructure company’s stock valued at $93,000 after buying an additional 703 shares during the last quarter. 94.28% of the stock is owned by institutional investors.

Akamai Technologies Trading Up 0.3%

AKAM stock opened at $110.42 on Friday. Akamai Technologies, Inc. has a 52 week low of $70.82 and a 52 week high of $165.45. The company has a market capitalization of $15.87 billion, a PE ratio of 39.72, a price-to-earnings-growth ratio of 5.03 and a beta of 0.63. The company’s 50-day simple moving average is $119.17 and its 200 day simple moving average is $117.26. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.64 and a current ratio of 1.64.

Akamai Technologies (NASDAQ:AKAM – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.02. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Akamai Technologies had a net margin of 9.51% and a return on equity of 11.32%. The business’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.73 EPS. Akamai Technologies has set its Q3 2026 guidance at 1.600-1.800 EPS and its FY 2026 guidance at 6.400-7.050 EPS. As a group, sell-side analysts anticipate that Akamai Technologies, Inc. will post 3.67 earnings per share for the current year.

Insider Buying and Selling

In related 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 transaction of $31,446.63. Following the sale, the chief technology officer owned 31,006 shares of the company’s stock, valued at $4,012,486.46. This represents a 0.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available 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 stock was sold at an average price of $135.57, for a total value of $311,811.00. Following the transaction, the executive vice president owned 59,210 shares in the company, valued at approximately $8,027,099.70. This trade represents a 3.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. UBS Group increased their price target on shares of Akamai Technologies from $125.00 to $143.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Scotiabank boosted their price objective on Akamai Technologies from $120.00 to $180.00 and gave the stock a “sector outperform” rating in a report on Friday, May 8th. The Goldman Sachs Group upped their target price on Akamai Technologies from $76.00 to $87.00 and gave the company a “sell” rating in a research report on Friday, May 8th. Citigroup increased their target price on Akamai Technologies from $110.00 to $160.00 and gave the stock a “neutral” rating in a research note on Friday, May 15th. Finally, Bank of America raised Akamai Technologies from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $130.00 to $175.00 in a report on Wednesday, May 13th. Twelve equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $144.14.

Check Out Our Latest Report on AKAM

Akamai Technologies Profile

(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.