Lmcg Investments LLC Has $14.60 Million Position in Akamai Technologies, Inc. $AKAM

Lmcg Investments LLC lifted its holdings in Akamai Technologies, Inc. (NASDAQ:AKAM) by 13.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 127,097 shares of the technology infrastructure company’s stock after acquiring an additional 15,423 shares during the period. Lmcg Investments LLC’s holdings in Akamai Technologies were worth $14,597,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Rexford Capital Inc. boosted its position in shares of Akamai Technologies by 1.9% during the 4th quarter. Rexford Capital Inc. now owns 5,106 shares of the technology infrastructure company’s stock valued at $445,000 after purchasing an additional 93 shares in the last quarter. Assetmark Inc. lifted its stake in Akamai Technologies by 31.8% in the fourth quarter. Assetmark Inc. now owns 444 shares of the technology infrastructure company’s stock valued at $39,000 after buying an additional 107 shares during the period. Root Financial Partners LLC boosted its holdings in shares of Akamai Technologies by 45.8% during the 4th quarter. Root Financial Partners LLC now owns 350 shares of the technology infrastructure company’s stock worth $31,000 after buying an additional 110 shares in the last quarter. Perigon Wealth Management LLC grew its position in shares of Akamai Technologies by 2.1% during the 4th quarter. Perigon Wealth Management LLC now owns 5,502 shares of the technology infrastructure company’s stock worth $480,000 after buying an additional 115 shares during the period. Finally, Allworth Financial LP grew its position in shares of Akamai Technologies by 6.3% during the 4th quarter. Allworth Financial LP now owns 2,196 shares of the technology infrastructure company’s stock worth $192,000 after buying an additional 131 shares during the period. 94.28% of the stock is owned by institutional investors and hedge funds.

Akamai Technologies Stock Performance

NASDAQ AKAM opened at $114.37 on Wednesday. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.84. The company has a fifty day simple moving average of $132.35 and a 200 day simple moving average of $110.97. The company has a market cap of $16.63 billion, a P/E ratio of 38.51, a PEG ratio of 3.53 and a beta of 0.63. Akamai Technologies, Inc. has a 12-month low of $69.78 and a 12-month 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 the consensus estimate of $1.61. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Akamai Technologies had a net margin of 10.20% and a return on equity of 12.96%. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter last year, the firm earned $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. Sell-side analysts predict that Akamai Technologies, Inc. will post 3.92 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CTO Robert Blumofe sold 243 shares of the 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 completion of the sale, the chief technology officer directly owned 31,006 shares of the company’s stock, valued at approximately $4,012,486.46. This represents a 0.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed 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 the firm’s stock in a transaction 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 transaction, the executive vice president owned 59,210 shares in the company, valued at approximately $8,027,099.70. This trade represents a 3.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

AKAM has been the topic of a number of research reports. Royal Bank Of Canada boosted their target price on shares of Akamai Technologies from $100.00 to $150.00 and gave the company a “sector perform” rating in a research report on Friday, May 8th. The Goldman Sachs Group raised their price target on shares of Akamai Technologies from $76.00 to $87.00 and gave the stock a “sell” rating in a report on Friday, May 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Akamai Technologies in a research note on Wednesday, June 24th. Piper Sandler reiterated a “neutral” rating and set a $156.00 price objective (up from $114.00) on shares of Akamai Technologies in a report on Friday, May 8th. Finally, Bank of America raised shares of Akamai Technologies from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $130.00 to $175.00 in a research report on Wednesday, May 13th. Twelve research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $145.29.

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.