E. Ohman J or Asset Management AB Invests $15.85 Million in Akamai Technologies, Inc. $AKAM

E. Ohman J or Asset Management AB purchased a new stake in Akamai Technologies, Inc. (NASDAQ:AKAM) in the first quarter, Holdings Channel reports. The institutional investor purchased 138,000 shares of the technology infrastructure company’s stock, valued at approximately $15,849,000.

Several other hedge funds also recently modified their holdings of AKAM. World Investment Advisors acquired a new stake in shares of Akamai Technologies during the 4th quarter valued at $251,000. Corient Private Wealth LLC increased its holdings in Akamai Technologies by 5.6% in the 4th quarter. Corient Private Wealth LLC now owns 27,486 shares of the technology infrastructure company’s stock worth $2,402,000 after purchasing an additional 1,457 shares in the last quarter. Rehmann Capital Advisory Group bought a new position in Akamai Technologies in the fourth quarter valued at about $253,000. Employees Provident Fund Board bought a new position in Akamai Technologies in the fourth quarter valued at about $9,118,000. Finally, Reflection Asset Management acquired a new stake in shares of Akamai Technologies during the fourth quarter valued at about $225,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on AKAM shares. Bank of America upgraded Akamai Technologies from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $130.00 to $175.00 in a report on Wednesday, May 13th. Robert W. Baird reiterated a “neutral” rating and set a $110.00 target price on shares of Akamai Technologies in a research report on Thursday, April 2nd. Guggenheim boosted their target price on shares of Akamai Technologies from $133.00 to $181.00 and gave the stock a “buy” rating in a report on Friday, May 8th. UBS Group boosted their target price on shares of Akamai Technologies from $110.00 to $160.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Finally, Morgan Stanley raised their price target on shares of Akamai Technologies from $120.00 to $165.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Twelve 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, Akamai Technologies presently has an average rating of “Hold” and an average price target of $145.29.

Akamai Technologies Stock Performance

NASDAQ AKAM opened at $124.91 on Friday. The firm has a market capitalization of $18.16 billion, a PE ratio of 42.06, a price-to-earnings-growth ratio of 3.91 and a beta of 0.60. The business’s 50-day moving average price is $127.70 and its two-hundred day moving average price is $108.37. 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 12 month low of $69.78 and a 12 month high of $165.45.

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

Insider Buying and Selling

In other news, CTO Robert Blumofe sold 243 shares of the firm’s stock in a transaction that occurred 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 sale, the chief technology officer owned 31,006 shares of the company’s stock, valued at $4,012,486.46. This trade represents a 0.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kim Salem-Jackson sold 2,300 shares of the business’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 transaction, the executive vice president owned 59,210 shares in the company, valued at $8,027,099.70. The trade was a 3.74% 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. Insiders own 2.30% of the company’s stock.

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.