PNC Financial Services Group Inc. Has $4.66 Million Holdings in Akamai Technologies, Inc. $AKAM

PNC Financial Services Group Inc. increased its position in Akamai Technologies, Inc. (NASDAQ:AKAM) by 59.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,593 shares of the technology infrastructure company’s stock after acquiring an additional 15,091 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Akamai Technologies were worth $4,662,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. JFS Wealth Advisors LLC grew its position in shares of Akamai Technologies by 626.2% in the fourth quarter. JFS Wealth Advisors LLC now owns 305 shares of the technology infrastructure company’s stock valued at $27,000 after purchasing an additional 263 shares during the last quarter. Root Financial Partners LLC increased its stake in shares of Akamai Technologies by 45.8% in the fourth quarter. Root Financial Partners LLC now owns 350 shares of the technology infrastructure company’s stock worth $31,000 after purchasing an additional 110 shares during the period. Sarver Vrooman Wealth Advisors acquired a new position in shares of Akamai Technologies during the 4th quarter worth about $31,000. CYBER HORNET ETFs LLC acquired a new position in shares of Akamai Technologies during the 2nd quarter worth about $32,000. Finally, WealthCollab LLC boosted its stake in Akamai Technologies by 154.2% during the 4th quarter. WealthCollab LLC now owns 394 shares of the technology infrastructure company’s stock valued at $34,000 after purchasing an additional 239 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.

Insider Buying and Selling

In related news, CTO Robert Blumofe sold 243 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief technology officer directly owned 31,006 shares of the company’s stock, valued at $4,012,486.46. This trade represents a 0.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 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 owned 59,210 shares in the company, valued at $8,027,099.70. This represents 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.

Wall Street Analyst Weigh In

A number of research firms have issued reports on AKAM. Royal Bank Of Canada raised their target price on Akamai Technologies from $100.00 to $150.00 and gave the company a “sector perform” rating in a report on Friday, May 8th. Evercore initiated coverage on Akamai Technologies in a report on Tuesday, April 14th. They set an “outperform” rating and a $130.00 price target for the company. Craig Hallum raised 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. Guggenheim raised their price objective on shares of Akamai Technologies from $133.00 to $181.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Finally, HSBC boosted their target price on shares of Akamai Technologies from $134.00 to $171.00 in a research report on Monday, May 11th. Twelve equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Akamai Technologies currently has an average rating of “Hold” and an average target price of $145.29.

Akamai Technologies Stock Down 2.2%

AKAM stock opened at $112.85 on Tuesday. Akamai Technologies, Inc. has a twelve month low of $69.78 and a twelve month high of $165.45. The company has a market cap of $16.41 billion, a PE ratio of 38.00, a price-to-earnings-growth ratio of 3.62 and a beta of 0.63. The business’s 50-day simple moving average is $130.17 and its 200 day simple moving average is $114.33. 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 posted its quarterly earnings results on Thursday, May 7th. The technology infrastructure company reported $1.61 EPS for the quarter, meeting the consensus estimate of $1.61. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Akamai Technologies had a return on equity of 12.96% and a net margin of 10.20%.The company’s revenue for the quarter was up 5.8% on a year-over-year basis. 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, research analysts anticipate that Akamai Technologies, Inc. will post 3.92 earnings per share 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.