Sequoia Financial Advisors LLC Acquires 71,147 Shares of Akamai Technologies, Inc. $AKAM

Sequoia Financial Advisors LLC lifted its holdings in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 263.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,149 shares of the technology infrastructure company’s stock after purchasing an additional 71,147 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Akamai Technologies were worth $11,602,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC raised its holdings 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 during the period. Jones Financial Companies Lllp increased its position in shares of Akamai Technologies by 35.2% during the first quarter. Jones Financial Companies Lllp now owns 1,087 shares of the technology infrastructure company’s stock worth $88,000 after acquiring an additional 283 shares in the last quarter. United Services Automobile Association bought a new stake in shares of Akamai Technologies during the first quarter worth $266,000. Empowered Funds LLC raised its holdings in shares of Akamai Technologies by 73.0% during the first quarter. Empowered Funds LLC now owns 7,134 shares of the technology infrastructure company’s stock worth $574,000 after acquiring an additional 3,010 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in Akamai Technologies by 152.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,163 shares of the technology infrastructure company’s stock valued at $93,000 after acquiring an additional 703 shares in the last quarter. Institutional investors own 94.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on AKAM shares. JPMorgan Chase & Co. upgraded Akamai Technologies from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $132.00 to $158.00 in a report on Thursday, August 13th. Weiss Ratings restated a “hold (c)” rating on shares of Akamai Technologies in a report on Wednesday, June 24th. TD Cowen upped their price objective on Akamai Technologies from $135.00 to $140.00 and gave the stock a “hold” rating in a research report on Friday, August 7th. Morgan Stanley increased their price objective on Akamai Technologies from $120.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. Finally, Susquehanna dropped their target price on Akamai Technologies from $175.00 to $140.00 and set a “positive” rating on the stock in a research report on Monday, August 10th. Thirteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $141.62.

Akamai Technologies Price Performance

Shares of NASDAQ AKAM opened at $107.13 on Friday. The stock has a market capitalization of $15.40 billion, a price-to-earnings ratio of 38.54, a PEG ratio of 5.11 and a beta of 0.63. The business has a 50-day moving average of $115.39 and a 200-day moving average of $118.07. 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, Inc. has a fifty-two week low of $70.82 and a fifty-two week high of $165.45.

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, topping the consensus estimate 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 analyst estimates of $1.09 billion. During the same quarter in the prior year, the company posted $1.73 earnings per share. Akamai Technologies’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. As a group, sell-side analysts predict that Akamai Technologies, Inc. will post 3.66 earnings per share for the current fiscal year.

Key Stories Impacting Akamai Technologies

Here are the key news stories impacting Akamai Technologies this week:

• Positive Sentiment: Expanded MuleSoft collaboration: Akamai announced an expanded integration with MuleSoft that combines Akamai API Security intelligence with MuleSoft’s Agent Fabric. The offering is designed to help enterprises discover and govern APIs, AI agents and MCP servers; more than 20 joint customers are already using the integration. Akamai and MuleSoft Unify Real-Time API Defense and AI Policy Control
• Positive Sentiment: ITV streaming win: ITV selected Akamai TrafficPeak, powered by Hydrolix, to improve real-time monitoring of its ITVX streaming infrastructure during the World Cup. Faster issue detection could help protect service reliability and advertising revenue, although the announcement did not disclose financial terms. ITV Selects Akamai TrafficPeak to Optimize World Cup Streaming
• Positive Sentiment: Favorable investor commentary: Jim Cramer called Akamai “terrific,” while recent conference appearances and commentary kept attention on the company’s faster-growing security and cloud infrastructure operations. Second-quarter security revenue rose 10% year over year and cloud infrastructure revenue increased 39%, according to the supplied analysis. Lightning Round: Akamai is terrific, says Jim Cramer
• Neutral Sentiment: Conference updates: Akamai management appeared at the Citi Global TMT and Goldman Sachs Communacopia + Technology conferences, but the provided entries contain no specific new guidance or material disclosures. Goldman Sachs conference transcript
• Negative Sentiment: Insider selling may weigh on sentiment: The supplied data shows eight insider sales and no purchases during the past six months. This can raise caution among investors, although insider sales do not necessarily indicate a change in business outlook.
• Negative Sentiment: Valuation and profit-taking concerns: Akamai trades at a reported P/E ratio above 38, leaving the stock sensitive to expectations. After its recent advance, investors may be locking in gains while waiting for clearer evidence that cloud and security growth can offset slower legacy delivery operations.

Insider Activity at Akamai Technologies

In other news, CTO Robert Blumofe sold 243 shares of the stock in a transaction that occurred 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 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. Insiders own 2.30% of the company’s stock.

Akamai Technologies Profile

Akamai Technologies, Inc is a global technology company that provides cloud computing, content delivery and cybersecurity services. Its distributed platform helps businesses deliver websites, applications, software downloads, video and other digital content with improved speed, availability and scalability.

The company’s offerings include content delivery and edge computing services, cloud infrastructure, web and application performance solutions, and security products designed to protect applications, application programming interfaces, networks and users from cyber threats.