Canada Pension Plan Investment Board bought a new position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM – Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 8,110 shares of the technology infrastructure company’s stock, valued at approximately $959,000.
Several other large investors have also recently modified their holdings of the business. Norges Bank purchased a new stake in shares of Akamai Technologies during the 4th quarter valued at approximately $192,959,000. Edmond DE Rothschild Holding S.A. bought a new position in Akamai Technologies in the 2nd quarter worth approximately $222,046,000. AQR Capital Management LLC grew its stake in Akamai Technologies by 522.8% in the 3rd quarter. AQR Capital Management LLC now owns 2,020,346 shares of the technology infrastructure company’s stock valued at $153,061,000 after buying an additional 1,695,937 shares in the last quarter. William Blair Investment Management LLC purchased a new position in Akamai Technologies in the 2nd quarter valued at approximately $181,508,000. Finally, Alyeska Investment Group L.P. raised its holdings in Akamai Technologies by 570.0% during the 3rd quarter. Alyeska Investment Group L.P. now owns 1,634,040 shares of the technology infrastructure company’s stock valued at $123,795,000 after acquiring an additional 1,390,167 shares during the period. Hedge funds and other institutional investors own 94.28% of the company’s stock.
Insiders Place Their Bets
In other Akamai Technologies news, CTO Robert Blumofe sold 243 shares of the company’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $129.41, for a total value of $31,446.63. Following the transaction, the chief technology officer directly owned 31,006 shares in the company, valued at $4,012,486.46. This represents a 0.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 dated Wednesday, June 10th. The shares were sold at an average price of $135.57, for a total value of $311,811.00. Following the completion of the sale, the executive vice president directly owned 59,210 shares in the company, valued at approximately $8,027,099.70. The trade was a 3.74% 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. Company insiders own 2.30% of the company’s stock.
Akamai Technologies Stock Performance
Akamai Technologies (NASDAQ:AKAM – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.57 by $0.02. The firm had revenue of $1.10 billion during 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%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period last year, the firm 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, analysts expect that Akamai Technologies, Inc. will post 3.66 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
AKAM has been the topic of several recent research reports. TD Cowen increased their target price on Akamai Technologies from $135.00 to $140.00 and gave the stock a “hold” rating in a research report on Friday, August 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Akamai Technologies in a research report on Wednesday, June 24th. Raymond James Financial boosted their price objective on Akamai Technologies from $140.00 to $170.00 in a research note on Monday, May 11th. Bank of America upgraded Akamai Technologies from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $130.00 to $175.00 in a research note on Wednesday, May 13th. Finally, JPMorgan Chase & Co. raised Akamai Technologies from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $132.00 to $158.00 in a report on Thursday, August 13th. Twelve equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $144.14.
Read Our Latest Research Report on Akamai Technologies
Akamai Technologies 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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