Crestwood Capital Management L.P. purchased a new stake in Akamai Technologies, Inc. (NASDAQ:AKAM – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 87,500 shares of the technology infrastructure company’s stock, valued at approximately $7,634,000. Akamai Technologies accounts for about 4.8% of Crestwood Capital Management L.P.’s investment portfolio, making the stock its 9th biggest holding.
A number of other institutional investors also recently modified their holdings of AKAM. 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 raised its position in shares of Akamai Technologies by 35.2% in the first 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 during the period. United Services Automobile Association bought a new position in shares of Akamai Technologies in the first quarter valued at approximately $266,000. Empowered Funds LLC raised its position in shares of Akamai Technologies by 73.0% in the first quarter. Empowered Funds LLC now owns 7,134 shares of the technology infrastructure company’s stock valued at $574,000 after purchasing an additional 3,010 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position 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 purchasing an additional 703 shares during the period. Institutional investors own 94.28% of the company’s stock.
Analyst Upgrades and Downgrades
AKAM has been the topic of a number of recent analyst reports. Robert W. Baird reissued a “neutral” rating and issued a $110.00 price target on shares of Akamai Technologies in a research report on Thursday, April 2nd. HSBC lifted their price target on shares of Akamai Technologies from $134.00 to $171.00 in a research report on Monday, May 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Akamai Technologies in a research report on Friday, March 27th. Morgan Stanley lifted their price target on shares of Akamai Technologies from $120.00 to $165.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. Finally, KeyCorp raised their price objective on shares of Akamai Technologies from $115.00 to $120.00 and gave the stock an “overweight” rating in a research note on Friday, February 20th. Twelve equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $145.29.
Akamai Technologies Stock Performance
Shares of AKAM stock opened at $149.32 on Monday. Akamai Technologies, Inc. has a 1 year low of $69.78 and a 1 year high of $165.45. The firm’s fifty day simple moving average is $124.37 and its 200 day simple moving average is $105.46. The firm has a market capitalization of $21.71 billion, a P/E ratio of 50.28, a price-to-earnings-growth ratio of 4.71 and a beta of 0.59. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.84.
Akamai Technologies (NASDAQ:AKAM – Get Free Report) last announced its earnings results on Thursday, May 7th. The technology infrastructure company reported $1.61 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.61. Akamai Technologies had a net margin of 10.20% and a return on equity of 12.96%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the firm posted $1.70 earnings per share. Akamai Technologies’s revenue was up 5.8% compared to the same quarter last year. 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. As a group, sell-side analysts predict that Akamai Technologies, Inc. will post 3.89 EPS for the current year.
Insider Transactions at Akamai Technologies
In other Akamai Technologies news, EVP Anthony P. Williams sold 15,000 shares of the business’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $104.29, for a total value of $1,564,350.00. Following the sale, the executive vice president owned 22,064 shares of the company’s stock, valued at $2,301,054.56. The trade was a 40.47% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.30% of the stock is owned by company insiders.
Akamai Technologies Company Profile
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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