3,446 Shares in Akamai Technologies, Inc. $AKAM Purchased by NewEdge Wealth LLC

NewEdge Wealth LLC purchased a new position in Akamai Technologies, Inc. (NASDAQ:AKAM) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 3,446 shares of the technology infrastructure company’s stock, valued at approximately $301,000.

A number of other hedge funds have also bought and sold shares of AKAM. Brighton Jones LLC grew its stake in Akamai Technologies by 101.4% in the fourth quarter. Brighton Jones LLC now owns 4,016 shares of the technology infrastructure company’s stock worth $384,000 after purchasing an additional 2,022 shares in the last quarter. Jones Financial Companies Lllp grew its stake in Akamai Technologies by 35.2% in the first quarter. Jones Financial Companies Lllp now owns 1,087 shares of the technology infrastructure company’s stock worth $88,000 after purchasing an additional 283 shares in the last quarter. United Services Automobile Association acquired a new position in Akamai Technologies in the first quarter worth about $266,000. Empowered Funds LLC grew its stake in Akamai Technologies by 73.0% in the first quarter. Empowered Funds LLC now owns 7,134 shares of the technology infrastructure company’s stock worth $574,000 after purchasing an additional 3,010 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in Akamai Technologies by 152.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,163 shares of the technology infrastructure company’s stock worth $93,000 after purchasing an additional 703 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Akamai Technologies

In other news, Director Madhu Ranganathan sold 3,131 shares of Akamai Technologies stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $102.00, for a total transaction of $319,362.00. Following the sale, the director owned 9,160 shares of the company’s stock, valued at approximately $934,320. The trade was a 25.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jon Miller sold 11,000 shares of Akamai Technologies stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $102.67, for a total value of $1,129,370.00. Following the sale, the director directly owned 22,806 shares in the company, valued at approximately $2,341,492.02. This trade represents a 32.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 53,954 shares of company stock valued at $5,511,371. Company insiders own 2.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AKAM. Piper Sandler reiterated a “neutral” rating and issued a $156.00 price target (up from $114.00) on shares of Akamai Technologies in a research note on Friday, May 8th. TD Cowen decreased their price target on Akamai Technologies from $104.00 to $100.00 and set a “hold” rating for the company in a research note on Friday, February 20th. Morgan Stanley raised their target price on shares of Akamai Technologies from $120.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday. JPMorgan Chase & Co. raised their target price on shares of Akamai Technologies from $72.00 to $100.00 in a report on Friday, May 8th. Finally, Scotiabank raised their target price on shares of Akamai Technologies from $120.00 to $180.00 and gave the stock a “sector outperform” rating in a report on Friday, May 8th. Twelve equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $145.29.

Key Akamai Technologies News

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

• Positive Sentiment: Morgan Stanley raised its price target on Akamai to $165 and kept an overweight rating, signaling improved Wall Street confidence in the stock’s upside. Akamai Technologies (NASDAQ:AKAM) Price Target Raised to $165.00 at Morgan Stanley
• Positive Sentiment: Citigroup lifted its target to $160 from $110 while maintaining a neutral rating, reflecting a much higher valuation view than before. Citigroup adjusts Akamai Technologies price target to $160 from $110, maintains neutral rating
• Positive Sentiment: Bank of America also raised its target to $175, adding to the list of recent upgrades and helping support the stock’s recent strength. This Analyst Just Upgraded Akamai Technologies. Here’s Why.
• Positive Sentiment: Akamai announced it will acquire LayerX for about $205 million, a move aimed at expanding its workforce security and AI usage-control capabilities, which may strengthen its long-term growth story. Akamai Technologies Announces Intent to Acquire LayerX
• Positive Sentiment: Experian said Akamai joined its agent trust partner ecosystem, highlighting Akamai’s role in secure, trusted AI-driven commerce initiatives. Experian Expands Agent Trust Partner Ecosystem with Akamai
• Neutral Sentiment: Despite the upbeat analyst sentiment, some traders are also weighing near-term integration costs and deal uncertainty from the LayerX purchase, which may explain some of the recent volatility.

Akamai Technologies Stock Performance

AKAM opened at $150.88 on Monday. The business’s 50 day moving average is $111.77 and its 200-day moving average is $98.14. The stock has a market cap of $21.94 billion, a PE ratio of 50.80, a price-to-earnings-growth ratio of 4.45 and a beta of 0.45. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.84. Akamai Technologies, Inc. has a twelve month low of $69.78 and a twelve month high of $165.45.

Akamai Technologies (NASDAQ:AKAM) last released 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 company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Akamai Technologies had a return on equity of 12.96% and a net margin of 10.20%.The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter 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. On average, analysts predict that Akamai Technologies, Inc. will post 4.16 earnings per share for the current 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.