Needham Investment Management LLC Has $13.66 Million Stock Position in Akamai Technologies, Inc. $AKAM

Needham Investment Management LLC increased its stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 2.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 156,500 shares of the technology infrastructure company’s stock after buying an additional 4,000 shares during the period. Needham Investment Management LLC’s holdings in Akamai Technologies were worth $13,655,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AKAM. Brighton Jones LLC lifted its position in Akamai Technologies by 101.4% during the 4th quarter. Brighton Jones LLC now owns 4,016 shares of the technology infrastructure company’s stock worth $384,000 after buying an additional 2,022 shares in the last quarter. Jones Financial Companies Lllp lifted its position 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 during the period. United Services Automobile Association acquired a new position in Akamai Technologies during the 1st quarter valued at about $266,000. Empowered Funds LLC lifted its position in Akamai Technologies by 73.0% during the 1st 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 lifted its position in Akamai Technologies by 152.8% during the 2nd 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 and hedge funds own 94.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Raymond James Financial upped their target price on shares of Akamai Technologies from $140.00 to $170.00 in a research report on Monday, May 11th. UBS Group upped their target price on shares of Akamai Technologies from $110.00 to $160.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Craig Hallum upgraded shares of Akamai Technologies from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a research report on Friday, May 8th. Piper Sandler restated a “neutral” rating and set a $156.00 target price (up from $114.00) on shares of Akamai Technologies in a research report on Friday, May 8th. Finally, Guggenheim upped their target price on shares of Akamai Technologies from $133.00 to $181.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Twelve analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Akamai Technologies currently has a consensus rating of “Hold” and an average target price of $145.29.

Akamai Technologies Stock Performance

Shares of NASDAQ:AKAM opened at $134.20 on Tuesday. The company has a market capitalization of $19.51 billion, a price-to-earnings ratio of 45.19, a P/E/G ratio of 4.17 and a beta of 0.59. The firm’s 50 day simple moving average is $126.76 and its 200 day simple moving average is $107.43. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.06 and a quick ratio of 2.06. Akamai Technologies, Inc. has a fifty-two week low of $69.78 and a fifty-two week high of $165.45.

Akamai Technologies (NASDAQ:AKAM) last announced its quarterly earnings results on Thursday, May 7th. The technology infrastructure company reported $1.61 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.61. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.07 billion. Akamai Technologies had a net margin of 10.20% and a return on equity of 12.96%. Akamai Technologies’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period last year, the company posted $1.70 EPS. 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 forecast that Akamai Technologies, Inc. will post 3.93 earnings per share for the current year.

Insider Buying and Selling at Akamai Technologies

In related news, EVP Kim Salem-Jackson sold 2,300 shares of the stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $135.57, for a total value of $311,811.00. Following the sale, the executive vice president directly owned 59,210 shares in the company, valued at $8,027,099.70. This trade represents a 3.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.30% of the stock is owned by corporate 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.