Akamai Technologies, Inc. $AKAM Shares Sold by Clifford Swan Investment Counsel LLC

Clifford Swan Investment Counsel LLC lessened its stake in Akamai Technologies, Inc. (NASDAQ:AKAM) by 8.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,894 shares of the technology infrastructure company’s stock after selling 5,492 shares during the quarter. Clifford Swan Investment Counsel LLC’s holdings in Akamai Technologies were worth $6,607,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Brighton Jones LLC boosted its stake 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 grew its holdings 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 in the last quarter. United Services Automobile Association purchased a new stake in Akamai Technologies during the 1st quarter worth $266,000. Empowered Funds LLC increased its stake 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 worth $574,000 after buying an additional 3,010 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in Akamai Technologies by 152.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,163 shares of the technology infrastructure company’s stock worth $93,000 after buying an additional 703 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on AKAM. Bank of America raised shares of Akamai Technologies from a “neutral” rating to a “buy” rating and upped their price objective for the company from $130.00 to $175.00 in a research report on Wednesday, May 13th. JPMorgan Chase & Co. upgraded Akamai Technologies from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $132.00 to $158.00 in a research note on Thursday, August 13th. Susquehanna reduced their price target on Akamai Technologies from $175.00 to $140.00 and set a “positive” rating for the company in a report on Monday, August 10th. Guggenheim raised their price objective on Akamai Technologies from $181.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, Citigroup lifted their price objective on Akamai Technologies from $110.00 to $160.00 and gave the stock a “neutral” rating in a report on Friday, May 15th. Twelve investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $144.14.

Akamai Technologies Stock Up 1.1%

Shares of NASDAQ:AKAM opened at $108.62 on Tuesday. The stock has a market capitalization of $15.61 billion, a price-to-earnings ratio of 39.07, a price-to-earnings-growth ratio of 4.95 and a beta of 0.63. Akamai Technologies, Inc. has a 1-year low of $70.82 and a 1-year high of $165.45. The company’s fifty day moving average is $116.81 and its two-hundred day moving average is $118.02. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.64 and a current ratio of 1.64.

Akamai Technologies (NASDAQ:AKAM) last posted 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. Akamai Technologies had a net margin of 9.51% and a return on equity of 11.32%. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period in the previous year, the business posted $1.73 EPS. The company’s quarterly revenue was up 5.4% on a year-over-year basis. 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. Equities analysts anticipate that Akamai Technologies, Inc. will post 3.66 EPS for the current year.

Insider Transactions at Akamai Technologies

In other news, EVP Kim Salem-Jackson sold 2,300 shares of the stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $135.57, for a total transaction of $311,811.00. Following the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 that occurred 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 completion of the sale, the chief technology officer directly owned 31,006 shares in the company, valued at approximately $4,012,486.46. This trade represents a 0.78% 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 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.