Akamai Technologies, Inc. $AKAM Stake Lowered by Leeward Investments LLC MA

Leeward Investments LLC MA cut its stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 3.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 143,156 shares of the technology infrastructure company’s stock after selling 4,948 shares during the quarter. Leeward Investments LLC MA owned approximately 0.10% of Akamai Technologies worth $16,441,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in AKAM. First Trust Advisors LP grew its stake in Akamai Technologies by 16.5% during the 4th quarter. First Trust Advisors LP now owns 6,752,000 shares of the technology infrastructure company’s stock worth $589,112,000 after buying an additional 957,345 shares during the last quarter. Invesco Ltd. increased its position in Akamai Technologies by 5.8% in the third quarter. Invesco Ltd. now owns 3,239,099 shares of the technology infrastructure company’s stock worth $245,394,000 after buying an additional 177,756 shares during the period. Dimensional Fund Advisors LP lifted its stake in Akamai Technologies by 33.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,115,342 shares of the technology infrastructure company’s stock valued at $271,820,000 after buying an additional 784,009 shares during the last quarter. Norges Bank bought a new stake in Akamai Technologies in the fourth quarter valued at $192,959,000. Finally, Alyeska Investment Group L.P. boosted its holdings in shares of Akamai Technologies by 34.5% during the fourth quarter. Alyeska Investment Group L.P. now owns 2,197,218 shares of the technology infrastructure company’s stock valued at $191,707,000 after acquiring an additional 563,178 shares during the period. Institutional investors own 94.28% of the company’s stock.

Insider Buying and Selling

In other 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 in the company, valued at $4,012,486.46. This trade represents a 0.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 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 transaction, the executive vice president owned 59,210 shares in the company, valued at $8,027,099.70. This represents a 3.74% decrease in their position. 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. Corporate insiders own 2.30% of the company’s stock.

Akamai Technologies Price Performance

Shares of NASDAQ AKAM opened at $119.87 on Wednesday. Akamai Technologies, Inc. has a fifty-two week low of $69.78 and a fifty-two week high of $165.45. The firm’s 50-day simple moving average is $128.49 and its 200 day simple moving average is $108.98. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.84. The stock has a market cap of $17.43 billion, a P/E ratio of 40.36, a P/E/G ratio of 3.77 and a beta of 0.59.

Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings data on Thursday, May 7th. The technology infrastructure company reported $1.61 earnings per share for the quarter, hitting the consensus estimate of $1.61. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.07 billion. Akamai Technologies had a net margin of 10.20% and a return on equity of 12.96%. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $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. Equities analysts expect that Akamai Technologies, Inc. will post 3.93 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on AKAM. Raymond James Financial upped their price target on shares of Akamai Technologies from $140.00 to $170.00 in a research report on Monday, May 11th. Citigroup boosted their target price on shares of Akamai Technologies from $110.00 to $160.00 and gave the company a “neutral” rating in a research note on Friday, May 15th. Evercore began coverage on shares of Akamai Technologies in a research report on Tuesday, April 14th. They issued an “outperform” rating and a $130.00 target price for the company. Guggenheim raised their price target on shares of Akamai Technologies from $133.00 to $181.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Finally, HSBC raised their price target on shares of Akamai Technologies from $134.00 to $171.00 in a research note on Monday, May 11th. Twelve investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average 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.