North Dakota State Investment Board Buys New Stake in Akamai Technologies, Inc. $AKAM

North Dakota State Investment Board bought a new stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,921 shares of the technology infrastructure company’s stock, valued at approximately $429,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AKAM. Brighton Jones LLC lifted its position in Akamai Technologies by 101.4% during the fourth quarter. Brighton Jones LLC now owns 4,016 shares of the technology infrastructure company’s stock valued at $384,000 after acquiring an additional 2,022 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Akamai Technologies by 35.2% in the first quarter. Jones Financial Companies Lllp now owns 1,087 shares of the technology infrastructure company’s stock worth $88,000 after buying an additional 283 shares during the last quarter. United Services Automobile Association purchased a new position in shares of Akamai Technologies in the first quarter worth $266,000. Empowered Funds LLC raised its holdings in shares of Akamai Technologies by 73.0% in the first quarter. Empowered Funds LLC now owns 7,134 shares of the technology infrastructure company’s stock worth $574,000 after buying an additional 3,010 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Akamai Technologies by 152.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,163 shares of the technology infrastructure company’s stock worth $93,000 after buying an additional 703 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Akamai Technologies Trading Up 0.7%

Shares of Akamai Technologies stock opened at $147.23 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.06 and a quick ratio of 2.06. The firm has a fifty day moving average price of $116.07 and a 200 day moving average price of $100.47. Akamai Technologies, Inc. has a 1 year low of $69.78 and a 1 year high of $165.45. The stock has a market cap of $21.40 billion, a PE ratio of 49.57, a price-to-earnings-growth ratio of 4.57 and a beta of 0.45.

Akamai Technologies (NASDAQ:AKAM) last issued 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 firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter last year, the company posted $1.70 earnings per share. The firm’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. Equities research analysts predict that Akamai Technologies, Inc. will post 3.93 earnings per share for the current year.

Insider Activity

In related news, CAO Laura Howell sold 11,273 shares of the firm’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $100.14, for a total transaction of $1,128,878.22. Following the completion of the transaction, the chief accounting officer owned 12,559 shares of the company’s stock, valued at $1,257,658.26. This trade represents a 47.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Mani Sundaram sold 8,642 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $101.25, for a total transaction of $875,002.50. Following the transaction, the executive vice president directly owned 19,923 shares of the company’s stock, valued at approximately $2,017,203.75. This trade represents a 30.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 53,954 shares of company stock valued at $5,511,371 over the last quarter. Insiders own 2.30% of the company’s stock.

Analysts Set New Price Targets

AKAM has been the subject of a number of research analyst reports. Zacks Research cut shares of Akamai Technologies from a “hold” rating to a “strong sell” rating in a report on Tuesday. Raymond James Financial raised their price target on shares of Akamai Technologies from $140.00 to $170.00 in a report on Monday, May 11th. The Goldman Sachs Group raised their price target on shares of Akamai Technologies from $76.00 to $87.00 and gave the stock a “sell” rating in a report on Friday, May 8th. Craig Hallum raised shares of Akamai Technologies from a “hold” rating to a “buy” rating and set a $190.00 price target for the company in a report on Friday, May 8th. Finally, UBS Group raised their price target 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. Twelve equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $145.29.

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.