North Star Asset Management Inc. Acquires Shares of 79,539 Akamai Technologies, Inc. $AKAM

North Star Asset Management Inc. acquired a new stake in Akamai Technologies, Inc. (NASDAQ:AKAM) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 79,539 shares of the technology infrastructure company’s stock, valued at approximately $9,402,000. North Star Asset Management Inc. owned 0.06% of Akamai Technologies at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its stake in Akamai Technologies by 3.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,356 shares of the technology infrastructure company’s stock valued at $271,000 after buying an additional 70 shares during the last quarter. Rexford Capital Inc. lifted its position in Akamai Technologies by 1.9% during the fourth quarter. Rexford Capital Inc. now owns 5,106 shares of the technology infrastructure company’s stock worth $445,000 after acquiring an additional 93 shares during the last quarter. Root Financial Partners LLC lifted its position in Akamai Technologies by 45.8% during the fourth 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 last quarter. Allworth Financial LP boosted its holdings in shares of Akamai Technologies by 6.3% during 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 period. Finally, Tema ETFs LLC boosted its holdings in shares of Akamai Technologies by 9.5% during the second quarter. Tema ETFs LLC now owns 1,664 shares of the technology infrastructure company’s stock worth $197,000 after acquiring an additional 145 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.

Akamai Technologies Stock Up 2.9%

Shares of AKAM opened at $111.24 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.23. Akamai Technologies, Inc. has a 12 month low of $70.82 and a 12 month high of $165.45. The firm’s 50 day moving average is $117.41 and its 200-day moving average is $117.83. The stock has a market capitalization of $15.99 billion, a PE ratio of 40.01, a P/E/G ratio of 4.96 and a beta of 0.63.

Akamai Technologies (NASDAQ:AKAM) last issued 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. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Akamai Technologies had a return on equity of 11.32% and a net margin of 9.51%.The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.73 earnings per share. 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. Equities research analysts forecast that Akamai Technologies, Inc. will post 3.67 EPS for the current year.

Insiders Place Their Bets

In related news, CTO Robert Blumofe sold 243 shares of the firm’s stock in a transaction 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 transaction, the chief technology officer owned 31,006 shares in the company, valued at approximately $4,012,486.46. This trade represents a 0.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 dated 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 transaction, the executive vice president directly owned 59,210 shares of the company’s stock, valued at approximately $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. Corporate insiders own 2.30% of the company’s stock.

Analysts Set New Price Targets

AKAM has been the topic of a number of recent research reports. HSBC lowered Akamai Technologies from a “buy” rating to a “hold” rating and lowered their target price for the stock from $171.00 to $123.00 in a research note on Monday, August 10th. TD Cowen boosted their price target on Akamai Technologies from $135.00 to $140.00 and gave the company a “hold” rating in a research note on Friday, August 7th. Susquehanna decreased their price objective on Akamai Technologies from $175.00 to $140.00 and set a “positive” rating on the stock in a report on Monday, August 10th. Piper Sandler lowered their price objective on Akamai Technologies from $156.00 to $140.00 and set a “neutral” rating on the stock in a research report on Friday, August 7th. Finally, Citigroup lifted their target price on Akamai Technologies from $110.00 to $160.00 and gave the stock a “neutral” rating in a report on Friday, May 15th. Twelve analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $144.14.

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.