104,500 Shares in Akamai Technologies, Inc. $AKAM Purchased by Employees Provident Fund Board

Employees Provident Fund Board purchased a new stake in Akamai Technologies, Inc. (NASDAQ:AKAM) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 104,500 shares of the technology infrastructure company’s stock, valued at approximately $9,118,000.

Several other large investors also recently bought and sold shares of AKAM. Norges Bank acquired a new position in shares of Akamai Technologies during the fourth quarter valued at approximately $192,959,000. AQR Capital Management LLC boosted its stake in shares of Akamai Technologies by 522.8% in the third quarter. AQR Capital Management LLC now owns 2,020,346 shares of the technology infrastructure company’s stock worth $153,061,000 after acquiring an additional 1,695,937 shares during the last quarter. Alyeska Investment Group L.P. boosted its stake in shares of Akamai Technologies by 570.0% in the third quarter. Alyeska Investment Group L.P. now owns 1,634,040 shares of the technology infrastructure company’s stock worth $123,795,000 after acquiring an additional 1,390,167 shares during the last quarter. Rubric Capital Management LP purchased a new stake in shares of Akamai Technologies during the fourth quarter worth approximately $104,700,000. Finally, First Trust Advisors LP increased its position in shares of Akamai Technologies by 16.5% during the fourth quarter. First Trust Advisors LP now owns 6,752,000 shares of the technology infrastructure company’s stock worth $589,112,000 after purchasing an additional 957,345 shares in the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Akamai Technologies Stock Performance

Shares of AKAM opened at $124.91 on Friday. Akamai Technologies, Inc. has a 12-month low of $69.78 and a 12-month high of $165.45. The firm has a market capitalization of $18.16 billion, a P/E ratio of 42.06, a P/E/G ratio of 3.91 and a beta of 0.60. The firm has a 50-day moving average price of $127.70 and a 200 day moving average price of $108.37. 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) last posted its earnings results on Thursday, May 7th. The technology infrastructure company reported $1.61 earnings per share for the quarter, meeting the consensus estimate of $1.61. Akamai Technologies had a net margin of 10.20% and a return on equity of 12.96%. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the business posted $1.70 EPS. Akamai Technologies’s revenue was up 5.8% on a year-over-year basis. 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. Sell-side analysts forecast that Akamai Technologies, Inc. will post 3.93 EPS for the current year.

Analyst Ratings Changes

AKAM has been the subject of several recent research reports. Royal Bank Of Canada increased their price objective on Akamai Technologies from $100.00 to $150.00 and gave the company a “sector perform” rating in a research note on Friday, May 8th. Scotiabank lifted their target price on shares of Akamai Technologies from $120.00 to $180.00 and gave the stock a “sector outperform” rating in a research note on Friday, May 8th. Robert W. Baird reaffirmed a “neutral” rating and set a $110.00 target price on shares of Akamai Technologies in a report on Thursday, April 2nd. Zacks Research cut shares of Akamai Technologies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. Finally, TD Cowen decreased their price target on shares of Akamai Technologies from $104.00 to $100.00 and set a “hold” rating on the stock in a research note on Friday, February 20th. Twelve analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Akamai Technologies presently has a consensus rating of “Hold” and a consensus target price of $145.29.

Insider Buying and Selling

In related news, EVP Kim Salem-Jackson sold 2,300 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $135.57, for a total value of $311,811.00. Following the transaction, the executive vice president directly owned 59,210 shares in the company, valued at approximately $8,027,099.70. This represents a 3.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 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 sale, the chief technology officer directly owned 31,006 shares of the company’s stock, valued at approximately $4,012,486.46. This trade represents a 0.78% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.30% of the company’s stock.

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.