Legal & General Group Plc Takes $159.56 Million Position in Akamai Technologies, Inc. $AKAM

Legal & General Group Plc bought a new position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,349,836 shares of the technology infrastructure company’s stock, valued at approximately $159,564,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Contravisory Investment Management Inc. acquired a new position in shares of Akamai Technologies in the 1st quarter valued at approximately $1,172,000. HighTower Advisors LLC raised its holdings in Akamai Technologies by 132.4% in the fourth quarter. HighTower Advisors LLC now owns 25,960 shares of the technology infrastructure company’s stock valued at $2,265,000 after acquiring an additional 14,792 shares in the last quarter. Leeward Investments LLC MA boosted its stake in Akamai Technologies by 32.6% during the 4th quarter. Leeward Investments LLC MA now owns 148,104 shares of the technology infrastructure company’s stock valued at $12,922,000 after acquiring an additional 36,395 shares during the last quarter. Baker Avenue Asset Management LP acquired a new position in Akamai Technologies during the 4th quarter worth $1,393,000. Finally, Todd Asset Management LLC grew its holdings in Akamai Technologies by 63.8% during the 4th quarter. Todd Asset Management LLC now owns 429,949 shares of the technology infrastructure company’s stock worth $37,513,000 after acquiring an additional 167,500 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Wall Street Analyst Weigh In

AKAM has been the topic of a number of recent analyst reports. TD Cowen upped their target price on shares of Akamai Technologies from $135.00 to $140.00 and gave the company a “hold” rating in a research note on Friday, August 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Akamai Technologies in a report on Wednesday, June 24th. HSBC downgraded Akamai Technologies from a “buy” rating to a “hold” rating and reduced their target price for the stock from $171.00 to $123.00 in a report on Monday, August 10th. Guggenheim lifted their target price on Akamai Technologies from $181.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Finally, UBS Group boosted their price target on Akamai Technologies from $125.00 to $143.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Twelve research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Akamai Technologies presently has an average rating of “Hold” and an average price target of $144.14.

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 stock was sold at an average price of $129.41, for a total transaction of $31,446.63. Following the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kim Salem-Jackson sold 2,300 shares of the business’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $135.57, for a total value of $311,811.00. Following the transaction, the executive vice president owned 59,210 shares of the company’s stock, valued at $8,027,099.70. This trade represents a 3.74% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.30% of the company’s stock.

Akamai Technologies Price Performance

Shares of NASDAQ AKAM opened at $108.06 on Thursday. 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 firm has a market capitalization of $15.53 billion, a PE ratio of 38.87, a P/E/G ratio of 4.86 and a beta of 0.63. Akamai Technologies, Inc. has a 1-year low of $70.82 and a 1-year high of $165.45. The business’s fifty day moving average price is $117.68 and its two-hundred day moving average price is $117.71.

Akamai Technologies (NASDAQ:AKAM) last announced its quarterly earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.02. Akamai Technologies had a net margin of 9.51% and a return on equity of 11.32%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the company posted $1.73 earnings per share. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. 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, research analysts expect that Akamai Technologies, Inc. will post 3.67 EPS 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.