Akamai Technologies, Inc. $AKAM Shares Purchased by Empowered Funds LLC

Empowered Funds LLC increased its holdings in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 503.6% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 42,831 shares of the technology infrastructure company’s stock after purchasing an additional 35,735 shares during the quarter. Empowered Funds LLC’s holdings in Akamai Technologies were worth $4,919,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in AKAM. Rexford Capital Inc. grew its holdings in Akamai Technologies by 1.9% in the 4th quarter. Rexford Capital Inc. now owns 5,106 shares of the technology infrastructure company’s stock valued at $445,000 after buying an additional 93 shares during the period. Assetmark Inc. lifted its holdings in shares of Akamai Technologies by 31.8% during the 4th quarter. Assetmark Inc. now owns 444 shares of the technology infrastructure company’s stock worth $39,000 after acquiring an additional 107 shares during the period. Root Financial Partners LLC lifted its holdings in shares of Akamai Technologies by 45.8% during the 4th quarter. Root Financial Partners LLC now owns 350 shares of the technology infrastructure company’s stock worth $31,000 after acquiring an additional 110 shares during the period. Perigon Wealth Management LLC boosted its position in shares of Akamai Technologies by 2.1% in the fourth quarter. Perigon Wealth Management LLC now owns 5,502 shares of the technology infrastructure company’s stock worth $480,000 after acquiring an additional 115 shares during the last quarter. Finally, Allworth Financial LP boosted its position in shares of Akamai Technologies by 6.3% in the fourth quarter. Allworth Financial LP now owns 2,196 shares of the technology infrastructure company’s stock worth $192,000 after acquiring an additional 131 shares during the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CTO Robert Blumofe sold 243 shares of the company’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 completion of the sale, the chief technology officer directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $135.57, for a total value of $311,811.00. Following the completion of the sale, the executive vice president owned 59,210 shares of the company’s stock, valued at approximately $8,027,099.70. This represents a 3.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.30% of the company’s stock.

Akamai Technologies Stock Up 1.3%

AKAM opened at $115.18 on Friday. Akamai Technologies, Inc. has a 1 year low of $69.78 and a 1 year high of $165.45. The firm has a 50 day moving average price of $127.56 and a 200 day moving average price of $114.83. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.06 and a current ratio of 2.06. The company has a market cap of $16.74 billion, a PE ratio of 38.78, a price-to-earnings-growth ratio of 3.61 and a beta of 0.63.

Akamai Technologies (NASDAQ:AKAM) last announced its quarterly earnings results on Thursday, May 7th. The technology infrastructure company reported $1.61 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.61. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Akamai Technologies had a net margin of 10.20% and a return on equity of 12.96%. Akamai Technologies’s revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.70 earnings per share. Akamai Technologies has set its FY 2026 guidance at 6.400-7.150 EPS and its Q2 2026 guidance at 1.450-1.650 EPS. Sell-side analysts expect that Akamai Technologies, Inc. will post 3.91 earnings per share for the current year.

Analyst Ratings Changes

AKAM has been the subject of a number of recent analyst reports. The Goldman Sachs Group boosted their target price on shares of Akamai Technologies from $76.00 to $87.00 and gave the company a “sell” rating in a report on Friday, May 8th. Guggenheim lifted their price target on shares of Akamai Technologies from $133.00 to $181.00 and gave the company a “buy” rating in a report on Friday, May 8th. Scotiabank boosted their price objective on shares of Akamai Technologies from $120.00 to $180.00 and gave the company a “sector outperform” rating in a research note on Friday, May 8th. HSBC upped their price objective on Akamai Technologies from $134.00 to $171.00 in a report on Monday, May 11th. Finally, Susquehanna increased their target price on Akamai Technologies from $120.00 to $175.00 and gave the stock a “positive” rating in a research report on Monday, May 11th. Twelve equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Akamai Technologies currently has a consensus rating of “Hold” and an average target price of $145.29.

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.