VIRGINIA RETIREMENT SYSTEMS ET Al Buys Shares of 31,300 Akamai Technologies, Inc. $AKAM

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Akamai Technologies, Inc. (NASDAQ:AKAM) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 31,300 shares of the technology infrastructure company’s stock, valued at approximately $3,700,000.

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

Wall Street Analyst Weigh In

AKAM has been the topic of several research reports. Royal Bank Of Canada cut their price objective on shares of Akamai Technologies from $150.00 to $135.00 and set a “sector perform” rating on the stock in a research report on Friday, August 7th. UBS Group lifted their price target on Akamai Technologies from $125.00 to $143.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Susquehanna cut their price target on Akamai Technologies from $175.00 to $140.00 and set a “positive” rating on the stock in a report on Monday, August 10th. JPMorgan Chase & Co. raised Akamai Technologies from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $132.00 to $158.00 in a research report on Thursday, August 13th. Finally, Citigroup dropped their target price on Akamai Technologies from $160.00 to $122.00 and set a “neutral” rating on the stock in a research report on Friday, September 4th. Thirteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $141.62.

Insider Buying and Selling at Akamai Technologies

In other Akamai Technologies news, CTO Robert Blumofe sold 243 shares of the business’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 transaction of $31,446.63. Following the transaction, the chief technology officer owned 31,006 shares of the company’s stock, valued at $4,012,486.46. The trade was a 0.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.30% of the stock is owned by company insiders.

Akamai Technologies Trading Up 4.9%

Shares of NASDAQ:AKAM opened at $110.75 on Thursday. The company’s 50-day moving average price is $115.51 and its two-hundred day moving average price is $117.98. Akamai Technologies, Inc. has a one year low of $70.82 and a one year high of $165.45. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.64 and a quick ratio of 1.64. The stock has a market capitalization 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.

Akamai Technologies (NASDAQ:AKAM) last released its earnings results 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 business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the business earned $1.73 earnings per share. Akamai Technologies’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. On average, equities analysts forecast that Akamai Technologies, Inc. will post 3.66 EPS for the current fiscal year.

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.