Mitsubishi UFJ Asset Management Co. Ltd. Takes Position in Akamai Technologies, Inc. $AKAM

Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Akamai Technologies, Inc. (NASDAQ:AKAM) during the second quarter, HoldingsChannel.com reports. The fund bought 198,086 shares of the technology infrastructure company’s stock, valued at approximately $23,416,000.

Other hedge funds have also bought and sold shares of the company. Persistent Asset Partners Ltd purchased a new position in Akamai Technologies in the 2nd quarter worth about $54,000. OneDigital Investment Advisors LLC bought a new position in Akamai Technologies in the second quarter worth approximately $401,000. Simplicity Wealth LLC purchased a new stake in shares of Akamai Technologies during the 2nd quarter worth $212,000. Global Retirement Partners LLC bought a new stake in shares of Akamai Technologies in the 2nd quarter valued at about $312,000. Finally, Focus Partners Advisor Solutions LLC purchased a new stake in shares of Akamai Technologies during the 2nd quarter valued at $932,000. Institutional investors own 94.28% of the company’s stock.

Insider Activity at Akamai Technologies

In related news, EVP Kim Salem-Jackson sold 2,300 shares of the company’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $135.57, for a total value of $311,811.00. Following the completion of the transaction, the executive vice president directly owned 59,210 shares in the company, valued at approximately $8,027,099.70. This represents a 3.74% decrease in their ownership of the stock. The transaction 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, CTO Robert Blumofe sold 243 shares of Akamai Technologies stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $129.41, for a total transaction of $31,446.63. Following the completion of the transaction, the chief technology officer owned 31,006 shares in the company, valued at approximately $4,012,486.46. This trade represents a 0.78% 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. 2.30% of the stock is currently owned by insiders.

Akamai Technologies Stock Down 2.4%

Shares of NASDAQ:AKAM opened at $110.09 on Friday. Akamai Technologies, Inc. has a fifty-two week low of $70.82 and a fifty-two week high of $165.45. The firm’s 50-day simple moving average is $119.63 and its 200-day simple moving average is $117.31. The company has a market cap of $15.82 billion, a price-to-earnings ratio of 39.60, a PEG ratio of 5.14 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 (NASDAQ:AKAM) last posted its quarterly earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.02. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Akamai Technologies had a net margin of 9.51% and a return on equity of 11.32%. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the prior year, the company 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. As a group, equities research analysts predict that Akamai Technologies, Inc. will post 3.7 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on AKAM shares. Morgan Stanley raised their price target on shares of Akamai Technologies from $120.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. Scotiabank lifted their target price on shares of Akamai Technologies from $120.00 to $180.00 and gave the company a “sector outperform” rating in a research report on Friday, May 8th. UBS Group raised their target price on shares of Akamai Technologies from $125.00 to $143.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. JPMorgan Chase & Co. raised shares of Akamai Technologies from an “underweight” rating to a “neutral” rating and increased their price target for the company from $132.00 to $158.00 in a research note on Thursday, August 13th. Finally, TD Cowen boosted their price target on shares of Akamai Technologies from $135.00 to $140.00 and gave the company a “hold” rating in a research note on Friday, August 7th. Twelve analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $144.14.

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.