Westport Asset Management Inc. Buys New Shares in Akamai Technologies, Inc. $AKAM

Westport Asset Management Inc. purchased a new stake in Akamai Technologies, Inc. (NASDAQ:AKAM) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 27,700 shares of the technology infrastructure company’s stock, valued at approximately $3,274,000. Akamai Technologies accounts for about 1.3% of Westport Asset Management Inc.’s investment portfolio, making the stock its 26th largest position.

Several other hedge funds and other institutional investors also recently bought and sold shares of AKAM. Brighton Jones LLC increased its holdings 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 purchasing an additional 2,022 shares during the period. Jones Financial Companies Lllp raised its position in shares of Akamai Technologies by 35.2% during the first quarter. Jones Financial Companies Lllp now owns 1,087 shares of the technology infrastructure company’s stock valued at $88,000 after buying an additional 283 shares during the last quarter. United Services Automobile Association bought a new stake in shares of Akamai Technologies in the first quarter valued at about $266,000. Empowered Funds LLC lifted its stake in shares of Akamai Technologies by 73.0% in the first quarter. Empowered Funds LLC now owns 7,134 shares of the technology infrastructure company’s stock valued at $574,000 after buying an additional 3,010 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in Akamai Technologies by 152.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,163 shares of the technology infrastructure company’s stock worth $93,000 after buying an additional 703 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on AKAM shares. Guggenheim upped their price target on Akamai Technologies from $181.00 to $190.00 and gave the company a “buy” rating in a report on Friday, August 7th. Susquehanna decreased their price objective on Akamai Technologies from $175.00 to $140.00 and set a “positive” rating on the stock in a report on Monday, August 10th. Royal Bank Of Canada lowered their price objective on Akamai Technologies from $150.00 to $135.00 and set a “sector perform” rating on the stock in a research report on Friday, August 7th. Scotiabank upped their target price on Akamai Technologies from $120.00 to $180.00 and gave the company a “sector outperform” rating in a research note on Friday, May 8th. Finally, Morgan Stanley raised their target price on Akamai Technologies from $120.00 to $165.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Twelve equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $144.14.

Akamai Technologies Stock Performance

NASDAQ:AKAM opened at $112.84 on Thursday. The firm has a market capitalization of $16.22 billion, a PE ratio of 40.59, a price-to-earnings-growth ratio of 5.24 and a beta of 0.63. The company has a quick ratio of 1.64, a current 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. The firm has a 50-day moving average price of $120.08 and a 200 day moving average price of $117.21.

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 analysts’ consensus estimates of $1.57 by $0.02. Akamai Technologies had a return on equity of 11.32% and a net margin of 9.51%.The company 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 earnings per share. The company’s quarterly revenue 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. Research analysts anticipate that Akamai Technologies, Inc. will post 3.7 earnings per share for the current fiscal year.

Insider Activity at Akamai Technologies

In related news, CTO Robert Blumofe sold 243 shares of the business’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $129.41, for a total value of $31,446.63. Following the sale, the chief technology officer owned 31,006 shares of the company’s stock, valued at $4,012,486.46. The trade was a 0.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 company’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $135.57, for a total value of $311,811.00. Following the completion of the sale, the executive vice president owned 59,210 shares in the company, valued at $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 owned by company insiders.

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.