Parsifal Capital Management LP Purchases Shares of 684,922 Akamai Technologies, Inc. $AKAM

Parsifal Capital Management LP purchased a new stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 684,922 shares of the technology infrastructure company’s stock, valued at approximately $80,964,630. Akamai Technologies comprises about 0.0% of Parsifal Capital Management LP’s holdings, making the stock its 5th largest holding. Parsifal Capital Management LP owned 0.48% of Akamai Technologies at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in AKAM. Contravisory Investment Management Inc. purchased a new stake in Akamai Technologies during the 1st quarter valued at approximately $1,172,000. HighTower Advisors LLC raised its holdings in shares of Akamai Technologies by 132.4% in the 4th quarter. HighTower Advisors LLC now owns 25,960 shares of the technology infrastructure company’s stock valued at $2,265,000 after buying an additional 14,792 shares during the period. Leeward Investments LLC MA increased its position in shares of Akamai Technologies by 32.6% during the fourth quarter. Leeward Investments LLC MA now owns 148,104 shares of the technology infrastructure company’s stock worth $12,922,000 after purchasing an additional 36,395 shares in the last quarter. Baker Avenue Asset Management LP acquired a new stake in shares of Akamai Technologies in the fourth quarter valued at about $1,393,000. Finally, Todd Asset Management LLC lifted its position in Akamai Technologies by 63.8% during the fourth quarter. Todd Asset Management LLC now owns 429,949 shares of the technology infrastructure company’s stock worth $37,513,000 after buying an additional 167,500 shares during the period. Institutional investors own 94.28% of the company’s stock.

Akamai Technologies News Roundup

Here are the key news stories impacting Akamai Technologies this week:

• Positive Sentiment: Zacks Research raised its EPS forecasts for the third quarter of 2026 to $1.00 from $0.99, the fourth quarter of 2026 to $1.12 from $1.07, the first quarter of 2027 to $0.87 from $0.79, the first quarter of 2028 to $1.03 from $1.02, and the fourth quarter of 2027 to $1.09 from $1.08. MarketBeat analyst estimate reports
• Neutral Sentiment: Zacks maintained a “Hold” rating on AKAM. Its current full-year consensus estimate is $3.67 per share, while its forecast for fiscal 2026 is $3.79, above the consensus but below its previous estimate of $3.90. MarketBeat analyst estimate reports
• Neutral Sentiment: Implied volatility for Akamai’s options has surged, signaling that traders expect larger-than-usual price movements and greater uncertainty around the stock. Rising volatility does not indicate direction by itself but can increase near-term trading risk. Implied Volatility Surging for Akamai Stock Options
• Negative Sentiment: Zacks cut its EPS outlook for the second quarter of 2027 to $0.83 from $0.96, the third quarter of 2027 to $1.13 from $1.15, fiscal 2027 to $3.92 from $3.98, and fiscal 2028 to $4.69 from $4.70. The downward revisions to annual earnings suggest some pressure on Akamai’s longer-term growth outlook.

Wall Street Analyst Weigh In

Several research analysts have issued reports on AKAM shares. HSBC cut Akamai Technologies from a “buy” rating to a “hold” rating and dropped their price target for the company from $171.00 to $123.00 in a report on Monday, August 10th. Scotiabank lifted their price target on shares of Akamai Technologies from $120.00 to $180.00 and gave the company a “sector outperform” rating in a research report on Friday, May 8th. Bank of America upgraded Akamai Technologies from a “neutral” rating to a “buy” rating and raised their price objective for the company from $130.00 to $175.00 in a research note on Wednesday, May 13th. Guggenheim lifted their price target on shares of Akamai Technologies from $181.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Akamai Technologies in a report on Wednesday, June 24th. Twelve investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Akamai Technologies currently has an average rating of “Hold” and a consensus target price of $144.14.

Akamai Technologies Stock Down 3.1%

Shares of NASDAQ:AKAM traded down $3.49 during midday trading on Friday, hitting $107.75. 1,495,775 shares of the company’s stock traded hands, compared to its average volume of 4,575,395. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.64 and a current ratio of 1.64. The company has a market cap of $15.49 billion, a PE ratio of 38.76, a P/E/G ratio of 4.96 and a beta of 0.63. Akamai Technologies, Inc. has a twelve month low of $70.82 and a twelve month high of $165.45. The firm’s fifty day moving average price is $117.41 and its two-hundred day moving average price is $117.83.

Akamai Technologies (NASDAQ:AKAM) last announced its quarterly earnings data on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share (EPS) for the quarter, topping 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 return on equity of 11.32% and a net margin of 9.51%.The business’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the prior year, the business 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. On average, equities research analysts anticipate that Akamai Technologies, Inc. will post 3.67 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CTO Robert Blumofe sold 243 shares of Akamai Technologies stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $129.41, for a total transaction of $31,446.63. Following the completion of the sale, the chief technology officer 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kim Salem-Jackson sold 2,300 shares of Akamai Technologies stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $135.57, for a total transaction of $311,811.00. Following the completion of the transaction, the executive vice president directly owned 59,210 shares of the company’s stock, valued at $8,027,099.70. This trade represents a 3.74% decrease in their ownership of the stock. 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 corporate insiders.

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.