Cinctive Capital Management LP Takes $7.50 Million Position in Akamai Technologies, Inc. $AKAM

Cinctive Capital Management LP acquired a new position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 86,006 shares of the technology infrastructure company’s stock, valued at approximately $7,504,000.

Other large investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its stake in Akamai Technologies by 566.7% during the third quarter. Smartleaf Asset Management LLC now owns 340 shares of the technology infrastructure company’s stock worth $26,000 after purchasing an additional 289 shares during the last quarter. JFS Wealth Advisors LLC lifted its stake in Akamai Technologies by 626.2% during the fourth quarter. JFS Wealth Advisors LLC now owns 305 shares of the technology infrastructure company’s stock worth $27,000 after purchasing an additional 263 shares during the last quarter. Sarver Vrooman Wealth Advisors bought a new position in Akamai Technologies during the fourth quarter worth $31,000. Root Financial Partners LLC lifted its stake 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 during the last quarter. Finally, CYBER HORNET ETFs LLC bought a new position in Akamai Technologies during the second quarter worth $32,000. 94.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on AKAM. KeyCorp raised their price objective on Akamai Technologies from $115.00 to $120.00 and gave the stock an “overweight” rating in a research note on Friday, February 20th. Raymond James Financial raised their price objective on Akamai Technologies from $140.00 to $170.00 in a research note on Monday, May 11th. Royal Bank Of Canada raised their price objective on Akamai Technologies from $100.00 to $150.00 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. Morgan Stanley raised their target price on Akamai Technologies from $120.00 to $165.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Finally, Zacks Research cut Akamai Technologies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. Twelve research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $145.29.

Akamai Technologies Stock Performance

AKAM stock opened at $127.67 on Thursday. The stock has a market capitalization of $18.56 billion, a price-to-earnings ratio of 42.99, a PEG ratio of 4.14 and a beta of 0.60. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.06 and a current ratio of 2.06. Akamai Technologies, Inc. has a 1 year low of $69.78 and a 1 year high of $165.45. The stock’s fifty day moving average is $127.30 and its two-hundred day moving average is $108.01.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings results on Thursday, May 7th. The technology infrastructure company reported $1.61 EPS for the quarter, meeting analysts’ consensus estimates of $1.61. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. Akamai Technologies had a return on equity of 12.96% and a net margin of 10.20%.The company’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period last year, the company earned $1.70 earnings per share. 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. On average, research analysts predict that Akamai Technologies, Inc. will post 3.93 EPS for the current year.

Insider Activity at Akamai Technologies

In other news, EVP Kim Salem-Jackson sold 2,300 shares of the firm’s stock in a transaction on Wednesday, June 10th. The stock was 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 of the company’s stock, valued at approximately $8,027,099.70. This trade represents a 3.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.30% of the company’s stock.

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.