Delta Global Management LP Makes New Investment in Akamai Technologies, Inc. $AKAM

Delta Global Management LP acquired a new stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 70,485 shares of the technology infrastructure company’s stock, valued at approximately $8,095,000.

Several other large investors have also made changes to their positions in the business. First Trust Advisors LP increased its stake in shares of Akamai Technologies by 16.5% in the fourth quarter. First Trust Advisors LP now owns 6,752,000 shares of the technology infrastructure company’s stock worth $589,112,000 after acquiring an additional 957,345 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Akamai Technologies by 11.2% in the first quarter. Dimensional Fund Advisors LP now owns 3,464,793 shares of the technology infrastructure company’s stock valued at $397,881,000 after purchasing an additional 349,451 shares during the last quarter. Invesco Ltd. boosted its holdings in Akamai Technologies by 5.8% in the third quarter. Invesco Ltd. now owns 3,239,099 shares of the technology infrastructure company’s stock valued at $245,394,000 after purchasing an additional 177,756 shares during the last quarter. Norges Bank acquired a new stake in Akamai Technologies during the 4th quarter worth about $192,959,000. Finally, Alyeska Investment Group L.P. grew its position in Akamai Technologies by 34.5% during the 4th quarter. Alyeska Investment Group L.P. now owns 2,197,218 shares of the technology infrastructure company’s stock worth $191,707,000 after purchasing an additional 563,178 shares during the period. 94.28% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Akamai Technologies

In related news, EVP Kim Salem-Jackson sold 2,300 shares of the company’s stock in a transaction dated 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 owned 59,210 shares of the company’s stock, valued at approximately $8,027,099.70. This represents a 3.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Robert Blumofe sold 243 shares of the stock in a transaction that occurred 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 transaction, the chief technology officer owned 31,006 shares in the company, valued at $4,012,486.46. This 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. Corporate insiders own 2.30% of the company’s stock.

Analysts Set New Price Targets

AKAM has been the subject of a number of recent research reports. HSBC lifted their price objective on Akamai Technologies from $134.00 to $171.00 in a research note on Monday, May 11th. Susquehanna raised their target price on Akamai Technologies from $120.00 to $175.00 and gave the stock a “positive” rating in a report on Monday, May 11th. Royal Bank Of Canada lifted their price target on Akamai Technologies from $100.00 to $150.00 and gave the company a “sector perform” rating in a research report on Friday, May 8th. Robert W. Baird reissued a “neutral” rating and issued a $110.00 price target on shares of Akamai Technologies in a report on Thursday, April 2nd. Finally, Piper Sandler reissued a “neutral” rating and issued a $156.00 price target (up from $114.00) on shares of Akamai Technologies in a report on Friday, May 8th. Twelve equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $145.29.

Akamai Technologies Stock Down 1.7%

AKAM opened at $115.37 on Friday. The company has a fifty day moving average of $130.93 and a two-hundred day moving average of $113.96. The stock has a market capitalization of $16.77 billion, a price-to-earnings ratio of 38.85, a PEG ratio of 3.62 and a beta of 0.63. Akamai Technologies, Inc. has a fifty-two week low of $69.78 and a fifty-two week high of $165.45. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.06 and a current ratio of 2.06.

Akamai Technologies (NASDAQ:AKAM) last posted its earnings results on Thursday, May 7th. The technology infrastructure company reported $1.61 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.61. Akamai Technologies had a net margin of 10.20% and a return on equity of 12.96%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the company posted $1.70 EPS. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. 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, research analysts expect that Akamai Technologies, Inc. will post 3.92 earnings per share for the current year.

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.