Southpoint Capital Advisors LP Makes New $91.88 Million Investment in Akamai Technologies, Inc. $AKAM

Southpoint Capital Advisors LP acquired a new position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) in the 1st quarter, HoldingsChannel reports. The fund acquired 800,000 shares of the technology infrastructure company’s stock, valued at approximately $91,880,000. Akamai Technologies comprises approximately 1.9% of Southpoint Capital Advisors LP’s holdings, making the stock its 24th biggest position.

A number of other hedge funds have also made changes to their positions in the business. JFS Wealth Advisors LLC boosted its holdings in Akamai Technologies by 626.2% in the fourth quarter. JFS Wealth Advisors LLC now owns 305 shares of the technology infrastructure company’s stock valued at $27,000 after purchasing an additional 263 shares in the last quarter. Root Financial Partners LLC raised its holdings 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 purchasing an additional 110 shares in the last quarter. Sarver Vrooman Wealth Advisors acquired a new stake in Akamai Technologies during the fourth quarter worth approximately $31,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Akamai Technologies during the 2nd quarter worth approximately $32,000. Finally, WealthCollab LLC lifted its position in shares of Akamai Technologies by 154.2% during the 4th quarter. WealthCollab LLC now owns 394 shares of the technology infrastructure company’s stock worth $34,000 after buying an additional 239 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Akamai Technologies Trading Down 2.2%

NASDAQ:AKAM opened at $112.85 on Tuesday. The firm has a market cap of $16.41 billion, a P/E ratio of 38.00, a PEG ratio of 3.62 and a beta of 0.63. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.84. The stock’s 50 day simple moving average is $130.17 and its 200-day simple moving average is $114.33. Akamai Technologies, Inc. has a 12-month low of $69.78 and a 12-month high of $165.45.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings results on Thursday, May 7th. The technology infrastructure company reported $1.61 earnings per share for the quarter, hitting the consensus estimate of $1.61. Akamai Technologies had a return on equity of 12.96% and a net margin of 10.20%.The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the company earned $1.70 earnings per share. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. 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. Equities analysts anticipate that Akamai Technologies, Inc. will post 3.92 EPS for the current year.

Insider Buying and Selling at Akamai Technologies

In other news, 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 transaction of $311,811.00. Following the transaction, the executive vice president directly owned 59,210 shares in the company, valued at $8,027,099.70. The trade was a 3.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Robert Blumofe sold 243 shares of the stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $129.41, for a total transaction of $31,446.63. Following the transaction, the chief technology officer directly owned 31,006 shares of the company’s stock, valued at $4,012,486.46. This represents a 0.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AKAM. Citigroup increased their target price on shares of Akamai Technologies from $110.00 to $160.00 and gave the company a “neutral” rating in a research report on Friday, May 15th. Raymond James Financial boosted their price target on shares of Akamai Technologies from $140.00 to $170.00 in a research report on Monday, May 11th. Royal Bank Of Canada upped their price objective on shares of Akamai Technologies from $100.00 to $150.00 and gave the company a “sector perform” rating in a research note on Friday, May 8th. Zacks Research raised Akamai Technologies from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Finally, Susquehanna lifted 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 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. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target 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.