L2 Asset Management LLC Buys Shares of 12,242 Akamai Technologies, Inc. $AKAM

L2 Asset Management LLC bought 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 & Exchange Commission. The institutional investor bought 12,242 shares of the technology infrastructure company’s stock, valued at approximately $1,447,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sarver Vrooman Wealth Advisors bought a new position in Akamai Technologies in the 4th quarter valued at $31,000. Root Financial Partners LLC lifted its position in shares of Akamai Technologies by 45.8% during the fourth quarter. Root Financial Partners LLC now owns 350 shares of the technology infrastructure company’s stock worth $31,000 after purchasing an additional 110 shares during the last quarter. Silvant Capital Management LLC bought a new stake in shares of Akamai Technologies during the second quarter worth $32,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Akamai Technologies during the second quarter valued at $32,000. Finally, Align Financial LLC purchased a new stake in shares of Akamai Technologies during the fourth quarter valued at $34,000. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on AKAM shares. Susquehanna reduced their price target on shares of Akamai Technologies from $175.00 to $140.00 and set a “positive” rating on the stock in a research note on Monday, August 10th. Bank of America raised shares of Akamai Technologies from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $130.00 to $175.00 in a research report on Wednesday, May 13th. Guggenheim upped their target price 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. Zacks Research raised shares of Akamai Technologies from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Finally, HSBC downgraded shares of Akamai Technologies from a “buy” rating to a “hold” rating and decreased their price target for the company from $171.00 to $123.00 in a research note on Monday, August 10th. 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’s stock. Based on data from MarketBeat.com, Akamai Technologies has a consensus rating of “Hold” and a consensus price target of $144.14.

Akamai Technologies Stock Performance

AKAM stock opened at $105.66 on Tuesday. Akamai Technologies, Inc. has a 1-year low of $70.82 and a 1-year high of $165.45. The business has a 50-day moving average price of $118.60 and a 200 day moving average price of $117.50. The company has a market capitalization of $15.19 billion, a P/E ratio of 38.01, a PEG ratio of 5.07 and a beta of 0.63. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.64 and a quick ratio of 1.64.

Akamai Technologies (NASDAQ:AKAM) last issued its earnings results 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 company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations 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% 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. As a group, equities research analysts forecast that Akamai Technologies, Inc. will post 3.67 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CTO Robert Blumofe sold 243 shares of the stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 that occurred on Wednesday, June 10th. The shares were sold at an average price of $135.57, for a total transaction 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. The trade was a 3.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.30% of the stock is currently owned by company insiders.

Akamai Technologies Company 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.