Van ECK Associates Corp lowered its position in Akamai Technologies, Inc. (NASDAQ:AKAM – Free Report) by 52.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 22,973 shares of the technology infrastructure company’s stock after selling 25,459 shares during the period. Van ECK Associates Corp’s holdings in Akamai Technologies were worth $2,716,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in shares of Akamai Technologies by 101.4% in the 4th quarter. Brighton Jones LLC now owns 4,016 shares of the technology infrastructure company’s stock worth $384,000 after purchasing an additional 2,022 shares in the last quarter. Jones Financial Companies Lllp increased its stake in 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 valued at $88,000 after purchasing an additional 283 shares in the last quarter. United Services Automobile Association acquired a new position in Akamai Technologies during the first quarter worth $266,000. Empowered Funds LLC raised its holdings in Akamai Technologies by 73.0% during the first quarter. Empowered Funds LLC now owns 7,134 shares of the technology infrastructure company’s stock worth $574,000 after buying an additional 3,010 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Akamai Technologies by 152.8% in the second 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 in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.
Insider Activity at Akamai Technologies
In other Akamai Technologies news, EVP Kim Salem-Jackson sold 2,300 shares of Akamai Technologies stock in a transaction that occurred 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 transaction, the executive vice president owned 59,210 shares of the company’s stock, valued at $8,027,099.70. This trade represents a 3.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Robert Blumofe sold 243 shares of the business’s 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 transaction, the chief technology officer owned 31,006 shares in the company, valued at $4,012,486.46. The trade was a 0.78% 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 owned by company insiders.
Analysts Set New Price Targets
Read Our Latest Report on AKAM
Akamai Technologies Stock Performance
Shares of AKAM stock opened at $106.50 on Friday. The firm has a 50-day moving average of $116.13 and a 200-day moving average of $118.07. The company has a market cap of $15.31 billion, a P/E ratio of 38.31, a P/E/G ratio of 4.83 and a beta of 0.63. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.64 and a quick ratio of 1.64. Akamai Technologies, Inc. has a one year low of $70.82 and a one year high of $165.45.
Akamai Technologies (NASDAQ:AKAM – Get Free Report) last released its quarterly earnings results 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. Akamai Technologies had a net margin of 9.51% and a return on equity of 11.32%. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the previous year, the company earned $1.73 earnings per share. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. 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. Equities research analysts forecast that Akamai Technologies, Inc. will post 3.67 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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