Styrax Capital LP Purchases New Holdings in Akamai Technologies, Inc. $AKAM

Styrax Capital LP purchased a new stake in Akamai Technologies, Inc. (NASDAQ:AKAM) in the fourth quarter, HoldingsChannel reports. The firm purchased 337,908 shares of the technology infrastructure company’s stock, valued at approximately $29,482,000. Akamai Technologies accounts for approximately 2.3% of Styrax Capital LP’s investment portfolio, making the stock its 14th biggest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its stake in Akamai Technologies by 566.7% in the third quarter. Smartleaf Asset Management LLC now owns 340 shares of the technology infrastructure company’s stock valued at $26,000 after acquiring an additional 289 shares during the last quarter. JFS Wealth Advisors LLC boosted its position in shares of Akamai Technologies by 626.2% during the fourth quarter. JFS Wealth Advisors LLC now owns 305 shares of the technology infrastructure company’s stock worth $27,000 after purchasing an additional 263 shares in the last quarter. Sarver Vrooman Wealth Advisors bought a new position in shares of Akamai Technologies during the fourth quarter worth $31,000. Root Financial Partners LLC boosted its position in shares of Akamai Technologies by 45.8% during the fourth quarter. Root Financial Partners LLC now owns 350 shares of the technology infrastructure company’s stock worth $31,000 after purchasing an additional 110 shares in the last quarter. Finally, CYBER HORNET ETFs LLC bought a new position in shares of Akamai Technologies during the second quarter worth $32,000. 94.28% of the stock is owned by institutional investors.

Akamai Technologies Stock Down 1.4%

Shares of AKAM stock opened at $132.31 on Wednesday. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.84. Akamai Technologies, Inc. has a 1 year low of $69.78 and a 1 year high of $165.45. The firm’s fifty day moving average price is $127.04 and its two-hundred day moving average price is $107.74. The firm has a market capitalization of $19.24 billion, a P/E ratio of 44.55, a PEG ratio of 4.20 and a beta of 0.60.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings results on Thursday, May 7th. The technology infrastructure company reported $1.61 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.61. Akamai Technologies had a net margin of 10.20% and a return on equity of 12.96%. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the business earned $1.70 EPS. The company’s revenue was up 5.8% compared to the same quarter last year. 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. On average, equities analysts predict that Akamai Technologies, Inc. will post 3.93 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on AKAM shares. The Goldman Sachs Group lifted their price target on shares of Akamai Technologies from $76.00 to $87.00 and gave the stock a “sell” rating in a research report on Friday, May 8th. Oppenheimer boosted their price objective on shares of Akamai Technologies from $115.00 to $130.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Robert W. Baird reaffirmed a “neutral” rating and issued a $110.00 price objective on shares of Akamai Technologies in a research report on Thursday, April 2nd. UBS Group boosted their price objective on shares of Akamai Technologies from $110.00 to $160.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Finally, Scotiabank boosted their price objective 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. Twelve research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $145.29.

Insider Transactions at Akamai Technologies

In other Akamai Technologies news, 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 transaction of $311,811.00. Following the sale, the executive vice president directly owned 59,210 shares of the company’s stock, 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 legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.30% of the company’s stock.

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.