Van ECK Associates Corp Sells 25,459 Shares of Akamai Technologies, Inc. $AKAM

Van ECK Associates Corp decreased its holdings in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 52.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,973 shares of the technology infrastructure company’s stock after selling 25,459 shares during the quarter. Van ECK Associates Corp’s holdings in Akamai Technologies were worth $2,716,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in AKAM. EverSource Wealth Advisors LLC increased its position in Akamai Technologies by 3.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,356 shares of the technology infrastructure company’s stock worth $271,000 after purchasing an additional 70 shares in the last quarter. Rexford Capital Inc. boosted its position in Akamai Technologies by 1.9% in the fourth quarter. Rexford Capital Inc. now owns 5,106 shares of the technology infrastructure company’s stock valued at $445,000 after buying an additional 93 shares in the last quarter. Root Financial Partners LLC boosted its position in Akamai Technologies by 45.8% in the fourth quarter. Root Financial Partners LLC now owns 350 shares of the technology infrastructure company’s stock valued at $31,000 after buying an additional 110 shares in the last quarter. Allworth Financial LP grew its stake in shares of Akamai Technologies by 6.3% during the fourth quarter. Allworth Financial LP now owns 2,196 shares of the technology infrastructure company’s stock worth $192,000 after buying an additional 131 shares during the last quarter. Finally, Tema ETFs LLC grew its stake in shares of Akamai Technologies by 9.5% during the second quarter. Tema ETFs LLC now owns 1,664 shares of the technology infrastructure company’s stock worth $197,000 after buying an additional 145 shares during the last quarter. Institutional investors own 94.28% of the company’s stock.

Insider Buying and Selling

In other Akamai Technologies news, EVP Kim Salem-Jackson sold 2,300 shares of the stock in a transaction that occurred 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 approximately $8,027,099.70. This represents a 3.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 firm’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $129.41, for a total transaction of $31,446.63. Following the sale, the chief technology officer directly owned 31,006 shares of the company’s stock, valued at approximately $4,012,486.46. This trade represents a 0.78% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on AKAM shares. Citigroup increased their price target on Akamai Technologies from $110.00 to $160.00 and gave the company a “neutral” rating in a research note on Friday, May 15th. TD Cowen boosted their price objective on Akamai Technologies from $135.00 to $140.00 and gave the stock a “hold” rating 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 stock a “sector outperform” rating in a report on Friday, May 8th. Susquehanna cut their price target on Akamai Technologies from $175.00 to $140.00 and set a “positive” rating on the stock in a research note on Monday, August 10th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Akamai Technologies in a report on Wednesday, June 24th. Thirteen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Akamai Technologies has an average rating of “Hold” and an average price target of $143.43.

Akamai Technologies Stock Performance

Shares of Akamai Technologies stock opened at $106.50 on Friday. The business has a 50-day moving average price of $116.13 and a two-hundred day moving average price of $118.07. Akamai Technologies, Inc. has a 1-year low of $70.82 and a 1-year high of $165.45. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.23. The company has a market cap of $15.31 billion, a P/E ratio of 38.31, a PEG ratio of 4.83 and a beta of 0.63.

Akamai Technologies (NASDAQ:AKAM) last announced its earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $1.09 billion. During the same quarter in the prior year, the company earned $1.73 EPS. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. 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, analysts anticipate that Akamai Technologies, Inc. will post 3.67 EPS for the current year.

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.