Perigon Wealth Management LLC Acquires Shares of 4,658 Akamai Technologies, Inc. $AKAM

Perigon Wealth Management LLC bought a new position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) during the second quarter, HoldingsChannel reports. The institutional investor bought 4,658 shares of the technology infrastructure company’s stock, valued at approximately $551,000.

Several other institutional investors and hedge funds have also recently modified their holdings of AKAM. Sarver Vrooman Wealth Advisors bought a new position in Akamai Technologies in the fourth quarter worth approximately $31,000. Root Financial Partners LLC raised its position in Akamai Technologies by 45.8% during the 4th quarter. Root Financial Partners LLC now owns 350 shares of the technology infrastructure company’s stock valued at $31,000 after purchasing an additional 110 shares in the last quarter. CYBER HORNET ETFs LLC bought a new stake in Akamai Technologies during the 2nd quarter valued at $32,000. WealthCollab LLC lifted its holdings in shares of Akamai Technologies by 154.2% in the 4th quarter. WealthCollab LLC now owns 394 shares of the technology infrastructure company’s stock worth $34,000 after buying an additional 239 shares during the period. Finally, Align Financial LLC purchased a new stake in shares of Akamai Technologies in the 4th quarter worth $34,000. Institutional investors own 94.28% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Kim Salem-Jackson sold 2,300 shares of the business’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 in the company, valued at $8,027,099.70. The trade was a 3.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 transaction, the chief technology officer directly owned 31,006 shares in the company, valued at $4,012,486.46. This represents a 0.78% 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. Corporate insiders own 2.30% of the company’s stock.

Akamai Technologies Stock Down 2.0%

NASDAQ:AKAM opened at $112.84 on Thursday. The company’s 50-day simple moving average is $120.08 and its 200-day simple moving average is $117.21. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.64 and a current ratio of 1.64. Akamai Technologies, Inc. has a fifty-two week low of $70.82 and a fifty-two week high of $165.45. The stock has a market capitalization of $16.22 billion, a P/E ratio of 40.59, a P/E/G ratio of 5.24 and a beta of 0.63.

Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings data on Thursday, August 6th. The technology infrastructure company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.57 by $0.02. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. Akamai Technologies had a net margin of 9.51% and a return on equity of 11.32%. Akamai Technologies’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous 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 anticipate that Akamai Technologies, Inc. will post 3.7 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. The Goldman Sachs Group raised their price target on Akamai Technologies from $76.00 to $87.00 and gave the company a “sell” rating in a research note on Friday, May 8th. TD Cowen upped their price objective on shares of Akamai Technologies from $135.00 to $140.00 and gave the stock a “hold” rating in a research note on Friday, August 7th. Guggenheim increased 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. Bank of America raised shares of Akamai Technologies from a “neutral” rating to a “buy” rating and raised their target price for the company from $130.00 to $175.00 in a research report on Wednesday, May 13th. Finally, Susquehanna reduced their price target on shares of Akamai Technologies from $175.00 to $140.00 and set a “positive” rating for the company in a report on Monday, August 10th. Twelve investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $144.14.

Akamai Technologies 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.