Akamai Technologies, Inc. $AKAM Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB lifted its holdings in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 12.7% during the 2nd quarter, Holdings Channel reports. The firm owned 46,100 shares of the technology infrastructure company’s stock after buying an additional 5,200 shares during the period. Handelsbanken Fonder AB’s holdings in Akamai Technologies were worth $5,449,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in AKAM. EverSource Wealth Advisors LLC increased its position in shares of Akamai Technologies by 3.1% during the first quarter. EverSource Wealth Advisors LLC now owns 2,356 shares of the technology infrastructure company’s stock worth $271,000 after acquiring an additional 70 shares during the period. Rexford Capital Inc. increased its holdings in Akamai Technologies by 1.9% during the 4th quarter. Rexford Capital Inc. now owns 5,106 shares of the technology infrastructure company’s stock worth $445,000 after purchasing an additional 93 shares during the period. Assetmark Inc. raised its position in Akamai Technologies by 31.8% in the 4th quarter. Assetmark Inc. now owns 444 shares of the technology infrastructure company’s stock valued at $39,000 after purchasing an additional 107 shares in the last quarter. Root Financial Partners LLC raised its position in Akamai Technologies by 45.8% in the 4th quarter. Root Financial Partners LLC now owns 350 shares of the technology infrastructure company’s stock valued at $31,000 after purchasing an additional 110 shares in the last quarter. Finally, Allworth Financial LP boosted its stake in shares of Akamai Technologies by 6.3% in the 4th quarter. Allworth Financial LP now owns 2,196 shares of the technology infrastructure company’s stock valued at $192,000 after buying an additional 131 shares during the period. 94.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AKAM. JPMorgan Chase & Co. upgraded shares of Akamai Technologies from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $132.00 to $158.00 in a research note on Thursday. UBS Group lifted their price target 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. Citigroup increased 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 15th. Morgan Stanley raised their price objective on shares of Akamai Technologies from $120.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Finally, Craig Hallum raised shares of Akamai Technologies from a “hold” rating to a “buy” rating and set a $190.00 price objective for the company in a research report on Friday, May 8th. Twelve equities research 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. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $144.14.

Insiders Place Their Bets

In other Akamai Technologies news, CTO Robert Blumofe sold 243 shares of the firm’s 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 transaction, 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kim Salem-Jackson sold 2,300 shares of Akamai Technologies 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 completion of the transaction, the executive vice president 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. 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 Price Performance

Shares of AKAM opened at $124.99 on Friday. The firm has a fifty day moving average price of $121.26 and a 200 day moving average price of $116.76. The stock has a market cap of $17.96 billion, a PE ratio of 44.96, a price-to-earnings-growth ratio of 5.40 and a beta of 0.63. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.64 and a quick ratio of 2.06. Akamai Technologies, Inc. has a 1-year low of $70.82 and a 1-year high of $165.45.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings data on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.02. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Akamai Technologies had a return on equity of 11.32% and a net margin of 9.51%.The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.73 earnings per share. 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, sell-side analysts anticipate that Akamai Technologies, Inc. will post 3.91 EPS for the current year.

Akamai Technologies 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.