Maxi Investments CY Ltd Buys Shares of 18,000 Akamai Technologies, Inc. $AKAM

Maxi Investments CY Ltd bought a new stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 18,000 shares of the technology infrastructure company’s stock, valued at approximately $2,128,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of AKAM. Brighton Jones LLC lifted its stake in shares of Akamai Technologies by 101.4% during the 4th quarter. Brighton Jones LLC now owns 4,016 shares of the technology infrastructure company’s stock worth $384,000 after acquiring an additional 2,022 shares during the last quarter. Jones Financial Companies Lllp lifted its position in shares of Akamai Technologies by 35.2% in the 1st 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 during the period. United Services Automobile Association purchased a new stake in Akamai Technologies during the first quarter worth $266,000. Empowered Funds LLC boosted its position in Akamai Technologies by 73.0% during the 1st quarter. Empowered Funds LLC now owns 7,134 shares of the technology infrastructure company’s stock valued at $574,000 after acquiring an additional 3,010 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Akamai Technologies by 152.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,163 shares of the technology infrastructure company’s stock valued at $93,000 after acquiring an additional 703 shares during the period. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AKAM has been the subject of several recent research reports. Craig Hallum raised Akamai Technologies from a “hold” rating to a “buy” rating and set a $190.00 price target for the company in a research report on Friday, May 8th. Susquehanna dropped their price objective on Akamai Technologies from $175.00 to $140.00 and set a “positive” rating on the stock in a research report on Monday, August 10th. The Goldman Sachs Group lifted their target price on Akamai Technologies from $76.00 to $87.00 and gave the company a “sell” rating in a research note on Friday, May 8th. Guggenheim boosted their target price on shares of Akamai Technologies from $181.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Finally, Raymond James Financial increased their price target on shares of Akamai Technologies from $140.00 to $170.00 in a research report on Monday, May 11th. Twelve investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $144.14.

Insider Activity

In related news, CTO Robert Blumofe sold 243 shares of the stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $129.41, for a total value of $31,446.63. Following the completion of the transaction, the chief technology officer directly owned 31,006 shares of the company’s stock, valued at $4,012,486.46. This trade represents a 0.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through 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 stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 59,210 shares of the company’s stock, valued at $8,027,099.70. The trade was 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. 2.30% of the stock is currently owned by company insiders.

Akamai Technologies Price Performance

NASDAQ AKAM opened at $110.42 on Monday. The firm’s fifty day simple moving average is $119.17 and its two-hundred day simple moving average is $117.40. The firm has a market capitalization of $15.87 billion, a P/E ratio of 39.72, a P/E/G ratio of 5.07 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.

Akamai Technologies (NASDAQ:AKAM) last announced its earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.02. Akamai Technologies had a return on equity of 11.32% and a net margin of 9.51%.The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the business earned $1.73 EPS. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. 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. Analysts forecast that Akamai Technologies, Inc. will post 3.67 EPS for the current fiscal year.

Akamai Technologies Company 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.