Louisiana State Employees Retirement System Makes New $838,000 Investment in Akamai Technologies, Inc. $AKAM

Louisiana State Employees Retirement System purchased a new stake in Akamai Technologies, Inc. (NASDAQ:AKAM) in the 1st quarter, Holdings Channel reports. The firm purchased 7,300 shares of the technology infrastructure company’s stock, valued at approximately $838,000.

A number of other institutional investors and hedge funds also recently modified their holdings of AKAM. First Trust Advisors LP grew its holdings in 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 valued at $589,112,000 after purchasing an additional 957,345 shares during the period. Invesco Ltd. raised its stake in Akamai Technologies by 5.8% during the third quarter. Invesco Ltd. now owns 3,239,099 shares of the technology infrastructure company’s stock worth $245,394,000 after purchasing an additional 177,756 shares during the period. Dimensional Fund Advisors LP raised its stake in Akamai Technologies by 33.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,115,342 shares of the technology infrastructure company’s stock worth $271,820,000 after purchasing an additional 784,009 shares during the period. Norges Bank acquired a new position in shares of Akamai Technologies in the 4th quarter valued at $192,959,000. Finally, Alyeska Investment Group L.P. boosted its holdings in shares of Akamai Technologies by 34.5% in the 4th quarter. Alyeska Investment Group L.P. now owns 2,197,218 shares of the technology infrastructure company’s stock valued at $191,707,000 after purchasing an additional 563,178 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Insider Activity

In related news, EVP Kim Salem-Jackson sold 2,300 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The stock was 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 in the company, valued at approximately $8,027,099.70. This trade represents a 3.74% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed 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 business’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 value of $31,446.63. Following the transaction, the chief technology officer directly owned 31,006 shares in the company, valued at $4,012,486.46. This trade represents a 0.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.30% of the company’s stock.

Akamai Technologies Price Performance

Akamai Technologies stock opened at $113.17 on Monday. Akamai Technologies, Inc. has a 52-week low of $69.78 and a 52-week high of $165.45. The firm has a fifty day moving average of $131.63 and a 200-day moving average of $110.61. The firm has a market capitalization of $16.45 billion, a P/E ratio of 38.10, a PEG ratio of 3.54 and a beta of 0.63. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.84.

Akamai Technologies (NASDAQ:AKAM) last issued its earnings results on Thursday, May 7th. The technology infrastructure company reported $1.61 EPS for the quarter, meeting analysts’ consensus estimates of $1.61. The business had revenue of $1.07 billion for 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 business’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter last 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. As a group, analysts predict that Akamai Technologies, Inc. will post 3.93 EPS for the current year.

Wall Street Analysts Forecast Growth

AKAM has been the subject of a number of research analyst reports. Raymond James Financial upped their price objective on Akamai Technologies from $140.00 to $170.00 in a report on Monday, May 11th. Bank of America upgraded Akamai Technologies from a “neutral” rating to a “buy” rating and lifted their target price for the company from $130.00 to $175.00 in a report on Wednesday, May 13th. Royal Bank Of Canada boosted 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. JPMorgan Chase & Co. upped their price target on Akamai Technologies from $72.00 to $100.00 in a research note on Friday, May 8th. Finally, Morgan Stanley raised their price objective on Akamai Technologies from $120.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. Twelve equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Akamai Technologies presently has a consensus rating of “Hold” and an average target price of $145.29.

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.