Commerce Bank Takes $1.75 Million Position in Akamai Technologies, Inc. $AKAM

Commerce Bank bought a new stake in Akamai Technologies, Inc. (NASDAQ:AKAM) in the 2nd quarter, Holdings Channel reports. The firm bought 14,823 shares of the technology infrastructure company’s stock, valued at approximately $1,752,000.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Akamai Technologies in the 4th quarter valued at about $192,959,000. Edmond DE Rothschild Holding S.A. acquired a new stake in Akamai Technologies during the 2nd quarter worth approximately $222,046,000. AQR Capital Management LLC increased its position in Akamai Technologies by 522.8% during the third quarter. AQR Capital Management LLC now owns 2,020,346 shares of the technology infrastructure company’s stock worth $153,061,000 after acquiring an additional 1,695,937 shares during the period. William Blair Investment Management LLC acquired a new stake in shares of Akamai Technologies in the second quarter valued at approximately $181,508,000. Finally, Alyeska Investment Group L.P. lifted its position in Akamai Technologies by 570.0% during the third quarter. Alyeska Investment Group L.P. now owns 1,634,040 shares of the technology infrastructure company’s stock worth $123,795,000 after purchasing an additional 1,390,167 shares during the period. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on AKAM shares. Scotiabank lifted their price objective on shares of Akamai Technologies from $120.00 to $180.00 and gave the company a “sector outperform” rating in a research note on Friday, May 8th. Craig Hallum raised Akamai Technologies from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a report on Friday, May 8th. HSBC cut Akamai Technologies from a “buy” rating to a “hold” rating and lowered their price target for the stock from $171.00 to $123.00 in a report on Monday, August 10th. Weiss Ratings restated a “hold (c)” rating on shares of Akamai Technologies in a research report on Wednesday, June 24th. Finally, Guggenheim lifted their target price on Akamai Technologies from $181.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Twelve research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $144.14.

Insider Activity

In other news, CTO Robert Blumofe sold 243 shares of Akamai Technologies 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 sale, the chief technology officer directly owned 31,006 shares of the company’s stock, 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 SEC, 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 business’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $135.57, for a total value of $311,811.00. Following the sale, the executive vice president owned 59,210 shares in the company, valued at approximately $8,027,099.70. This trade represents a 3.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 Stock Up 0.1%

Shares of NASDAQ:AKAM opened at $105.74 on Wednesday. Akamai Technologies, Inc. has a 52-week low of $70.82 and a 52-week high of $165.45. The company has a market capitalization of $15.20 billion, a PE ratio of 38.04, a price-to-earnings-growth ratio of 4.85 and a beta of 0.63. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.64 and a current ratio of 1.64. The company has a fifty day moving average of $118.07 and a 200-day moving average of $117.60.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings data 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 company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. Akamai Technologies had a return on equity of 11.32% and a net margin of 9.51%.Akamai Technologies’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the business posted $1.73 EPS. 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 analysts predict 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.