X Square Capital LLC Invests $646,000 in Akamai Technologies, Inc. $AKAM

X Square Capital LLC acquired a new stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 5,469 shares of the technology infrastructure company’s stock, valued at approximately $646,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Contravisory Investment Management Inc. acquired a new position in Akamai Technologies in the 1st quarter worth $1,172,000. HighTower Advisors LLC raised its stake in shares of Akamai Technologies by 132.4% in the 4th quarter. HighTower Advisors LLC now owns 25,960 shares of the technology infrastructure company’s stock valued at $2,265,000 after purchasing an additional 14,792 shares during the period. Leeward Investments LLC MA raised its stake in shares of Akamai Technologies by 32.6% in 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 purchasing an additional 36,395 shares during the period. Baker Avenue Asset Management LP bought a new stake in shares of Akamai Technologies in the fourth quarter valued at about $1,393,000. Finally, Todd Asset Management LLC lifted its holdings in shares of Akamai Technologies by 63.8% in the fourth quarter. Todd Asset Management LLC now owns 429,949 shares of the technology infrastructure company’s stock valued at $37,513,000 after purchasing an additional 167,500 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on AKAM shares. HSBC lowered Akamai Technologies from a “buy” rating to a “hold” rating and dropped their target price for the company from $171.00 to $123.00 in a research report on Monday, August 10th. Bank of America upgraded shares of Akamai Technologies from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $130.00 to $175.00 in a report on Wednesday, May 13th. Raymond James Financial increased their target price on shares of Akamai Technologies from $140.00 to $170.00 in a report on Monday, May 11th. Citigroup raised 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. Finally, Royal Bank Of Canada lowered their price target on shares of Akamai Technologies from $150.00 to $135.00 and set a “sector perform” rating on the stock in a research note on Friday, August 7th. Twelve analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Akamai Technologies presently has a consensus rating of “Hold” and a consensus target price of $144.14.

Akamai Technologies Trading Up 0.3%

NASDAQ AKAM opened at $110.42 on Friday. The company has a market cap of $15.87 billion, a PE ratio of 39.72, a PEG ratio of 5.03 and a beta of 0.63. 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 stock has a 50 day moving average of $119.17 and a 200-day moving average of $117.26.

Akamai Technologies (NASDAQ:AKAM) last released its earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share 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 net margin of 9.51% and a return on equity of 11.32%. The firm’s revenue was up 5.4% on a year-over-year basis. During the same period last year, the business earned $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. On average, equities research analysts anticipate that Akamai Technologies, Inc. will post 3.67 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CTO Robert Blumofe sold 243 shares of the company’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $129.41, for a total value of $31,446.63. Following 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 can be accessed 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 firm’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 completion of the sale, 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 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. Company insiders own 2.30% of the company’s stock.

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.