Empirical Finance LLC Acquires 7,389 Shares of Akamai Technologies, Inc. $AKAM

Empirical Finance LLC lifted its holdings in Akamai Technologies, Inc. (NASDAQ:AKAM) by 138.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,729 shares of the technology infrastructure company’s stock after purchasing an additional 7,389 shares during the quarter. Empirical Finance LLC’s holdings in Akamai Technologies were worth $1,505,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in AKAM. Brighton Jones LLC lifted its position in Akamai Technologies by 101.4% during the 4th quarter. Brighton Jones LLC now owns 4,016 shares of the technology infrastructure company’s stock worth $384,000 after buying an additional 2,022 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Akamai Technologies by 35.2% in the 1st quarter. Jones Financial Companies Lllp now owns 1,087 shares of the technology infrastructure company’s stock valued at $88,000 after acquiring an additional 283 shares in the last quarter. United Services Automobile Association bought a new position in shares of Akamai Technologies in the 1st quarter valued at about $266,000. Empowered Funds LLC increased its position in shares of Akamai Technologies by 73.0% in the first quarter. Empowered Funds LLC now owns 7,134 shares of the technology infrastructure company’s stock valued at $574,000 after acquiring an additional 3,010 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in Akamai Technologies by 152.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,163 shares of the technology infrastructure company’s stock worth $93,000 after acquiring an additional 703 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on AKAM shares. Guggenheim increased their price target on Akamai Technologies from $181.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Akamai Technologies in a research report on Wednesday, June 24th. Zacks Research upgraded Akamai Technologies from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. TD Cowen increased their price objective on Akamai Technologies from $135.00 to $140.00 and gave the company a “hold” rating in a report on Friday, August 7th. Finally, Royal Bank Of Canada lowered their target price on shares of Akamai Technologies from $150.00 to $135.00 and set a “sector perform” rating on the stock in a report on Friday, August 7th. Thirteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Akamai Technologies currently has a consensus rating of “Hold” and a consensus target price of $141.62.

Akamai Technologies Price Performance

Shares of NASDAQ AKAM opened at $110.75 on Thursday. The business’s 50 day moving average price is $115.51 and its two-hundred day moving average price is $117.98. The company has a market cap of $15.92 billion, a PE ratio of 39.84, a price-to-earnings-growth ratio of 4.87 and a beta of 0.63. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.23. Akamai Technologies, Inc. has a twelve month low of $70.82 and a twelve month high of $165.45.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings data on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.02. Akamai Technologies had a return on equity of 11.32% and a net margin of 9.51%.The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period last year, the firm posted $1.73 earnings per share. The business’s 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. On average, analysts predict that Akamai Technologies, Inc. will post 3.66 EPS for the current year.

Insider Buying and Selling

In other Akamai Technologies news, CTO Robert Blumofe sold 243 shares of Akamai Technologies 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 completion of the transaction, the chief technology officer directly owned 31,006 shares of the company’s stock, valued at $4,012,486.46. The trade was a 0.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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.