Corient Private Wealth LP bought a new position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM – Free Report) during the second quarter, Holdings Channel reports. The fund bought 22,830 shares of the technology infrastructure company’s stock, valued at approximately $2,699,000.
Other hedge funds have also modified their holdings of the company. First Trust Advisors LP boosted its position in shares of Akamai Technologies by 16.5% in the 4th quarter. First Trust Advisors LP now owns 6,752,000 shares of the technology infrastructure company’s stock valued at $589,112,000 after purchasing an additional 957,345 shares during the period. Dimensional Fund Advisors LP raised its holdings in Akamai Technologies by 11.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,464,793 shares of the technology infrastructure company’s stock worth $397,881,000 after buying an additional 349,451 shares during the period. Invesco Ltd. lifted its stake in Akamai Technologies by 5.8% during the third quarter. Invesco Ltd. now owns 3,239,099 shares of the technology infrastructure company’s stock valued at $245,394,000 after buying an additional 177,756 shares in the last quarter. Norges Bank purchased a new stake in Akamai Technologies during the fourth quarter valued at about $192,959,000. Finally, Alyeska Investment Group L.P. boosted its holdings in shares of Akamai Technologies by 34.5% in the fourth quarter. Alyeska Investment Group L.P. now owns 2,197,218 shares of the technology infrastructure company’s stock worth $191,707,000 after buying an additional 563,178 shares during the period. 94.28% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research firms have recently weighed in on AKAM. Piper Sandler raised shares of Akamai Technologies from a “neutral” rating to an “overweight” rating and dropped their target price for the stock from $140.00 to $125.00 in a research report on Tuesday. Zacks Research raised shares of Akamai Technologies from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. JPMorgan Chase & Co. upgraded shares of Akamai Technologies from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $132.00 to $158.00 in a research report on Thursday, August 13th. Guggenheim boosted their target price on shares of Akamai Technologies from $181.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, Bank of America raised Akamai Technologies from a “neutral” rating to a “buy” rating and raised their target price for the stock from $130.00 to $175.00 in a research report on Wednesday, May 13th. Thirteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $143.43.
Insider Activity
In other news, EVP Kim Salem-Jackson sold 2,300 shares of Akamai Technologies stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $135.57, for a total transaction of $311,811.00. Following the completion of the sale, the executive vice president directly owned 59,210 shares in the company, valued at $8,027,099.70. The trade was a 3.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Robert Blumofe sold 243 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $129.41, for a total transaction of $31,446.63. Following the transaction, the chief technology officer directly owned 31,006 shares in the company, valued at approximately $4,012,486.46. The trade was a 0.78% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.30% of the stock is owned by insiders.
Akamai Technologies Trading Down 2.0%
Shares of NASDAQ:AKAM opened at $106.46 on Wednesday. The firm has a fifty day moving average of $116.55 and a two-hundred day moving average of $118.10. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.23. Akamai Technologies, Inc. has a 12-month low of $70.82 and a 12-month high of $165.45. The firm has a market capitalization of $15.30 billion, a P/E ratio of 38.30, a price-to-earnings-growth ratio of 5.00 and a beta of 0.64.
Akamai Technologies (NASDAQ:AKAM – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.02. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. Akamai Technologies had a net margin of 9.51% and a return on equity of 11.32%. Akamai Technologies’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.73 earnings per share. 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. On average, equities analysts expect that Akamai Technologies, Inc. will post 3.66 EPS 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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