20,885 Shares in Akamai Technologies, Inc. $AKAM Acquired by Dockside LLC

Dockside LLC purchased a new stake in Akamai Technologies, Inc. (NASDAQ:AKAM) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 20,885 shares of the technology infrastructure company’s stock, valued at approximately $2,469,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AKAM. First Trust Advisors LP boosted its holdings in Akamai Technologies by 16.5% in the 4th quarter. First Trust Advisors LP now owns 6,752,000 shares of the technology infrastructure company’s stock valued at $589,112,000 after purchasing an additional 957,345 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Akamai Technologies by 11.2% in the first quarter. Dimensional Fund Advisors LP now owns 3,464,793 shares of the technology infrastructure company’s stock valued at $397,881,000 after buying an additional 349,451 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Akamai Technologies by 5.8% in the third quarter. Invesco Ltd. now owns 3,239,099 shares of the technology infrastructure company’s stock valued at $245,394,000 after buying an additional 177,756 shares during the period. Norges Bank bought a new stake in shares of Akamai Technologies in the fourth quarter valued at approximately $192,959,000. Finally, Alyeska Investment Group L.P. grew its position in Akamai Technologies by 34.5% during the fourth quarter. Alyeska Investment Group L.P. now owns 2,197,218 shares of the technology infrastructure company’s stock worth $191,707,000 after buying an additional 563,178 shares in the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

Akamai Technologies Stock Down 0.2%

AKAM stock opened at $124.99 on Friday. The stock has a market capitalization of $17.96 billion, a P/E ratio of 44.96, a price-to-earnings-growth ratio of 5.40 and a beta of 0.63. The company has a current ratio of 1.64, a quick ratio of 2.06 and a debt-to-equity ratio of 1.23. Akamai Technologies, Inc. has a 12 month low of $70.82 and a 12 month high of $165.45. The firm has a 50-day moving average price of $121.26 and a 200-day moving average price of $116.76.

Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.02. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. Akamai Technologies had a net margin of 9.51% and a return on equity of 11.32%. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period last year, the company posted $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. As a group, equities research analysts anticipate that Akamai Technologies, Inc. will post 3.91 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on AKAM shares. Scotiabank lifted their price objective on Akamai Technologies from $120.00 to $180.00 and gave the company a “sector outperform” rating in a report on Friday, May 8th. Zacks Research raised Akamai Technologies from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Bank of America upgraded Akamai Technologies from a “neutral” rating to a “buy” rating and raised their price target for the stock from $130.00 to $175.00 in a research report on Wednesday, May 13th. Piper Sandler dropped their price target on Akamai Technologies from $156.00 to $140.00 and set a “neutral” rating for the company in a research note on Friday, August 7th. Finally, The Goldman Sachs Group upped their price objective on shares of Akamai Technologies from $76.00 to $87.00 and gave the stock a “sell” rating in a research report on Friday, May 8th. Twelve equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Akamai Technologies has a consensus rating of “Hold” and an average price target of $144.14.

Insider Buying and Selling

In other Akamai Technologies news, CTO Robert Blumofe sold 243 shares of the business’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $129.41, for a total transaction of $31,446.63. Following the sale, the chief technology officer owned 31,006 shares of the company’s stock, valued at approximately $4,012,486.46. The trade was a 0.78% decrease in their ownership of the stock. 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 company’s stock in a transaction 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 transaction, the executive vice president 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. Company insiders own 2.30% of the company’s stock.

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.