Focus Partners Advisor Solutions LLC Buys New Position in Akamai Technologies, Inc. $AKAM

Focus Partners Advisor Solutions LLC bought a new position in Akamai Technologies, Inc. (NASDAQ:AKAM) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 7,884 shares of the technology infrastructure company’s stock, valued at approximately $932,000.

Several other large investors also recently modified their holdings of the stock. State of Wyoming bought a new stake in shares of Akamai Technologies in the 2nd quarter valued at $103,000. ABN AMRO Bank N.V. acquired a new position in shares of Akamai Technologies during the second quarter valued at about $9,737,000. GSA Capital Partners LLP acquired a new position in shares of Akamai Technologies during the second quarter valued at about $941,000. USA Financial Formulas bought a new position in shares of Akamai Technologies during the 1st quarter worth about $220,000. Finally, Dockside LLC bought a new position in shares of Akamai Technologies during the 2nd quarter worth about $2,469,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Insiders Place Their Bets

In related news, CTO Robert Blumofe sold 243 shares of the 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 sale, the chief technology officer directly owned 31,006 shares of the company’s stock, valued at approximately $4,012,486.46. This represents a 0.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through 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 the firm’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $135.57, for a total value of $311,811.00. Following the transaction, the executive vice president owned 59,210 shares in the company, valued at approximately $8,027,099.70. This trade represents a 3.74% 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. Corporate insiders own 2.30% of the company’s stock.

Akamai Technologies Stock Performance

Shares of AKAM opened at $124.99 on Monday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.64 and a current ratio of 1.64. The stock has a 50 day moving average price of $121.26 and a two-hundred day moving average price of $116.89. The firm has a market capitalization of $17.96 billion, a P/E ratio of 44.96, a P/E/G ratio of 5.42 and a beta of 0.63. Akamai Technologies, Inc. has a 52 week low of $70.82 and a 52 week 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 EPS for the quarter, topping the consensus estimate of $1.57 by $0.02. Akamai Technologies had a return on equity of 11.32% and a net margin of 9.51%.The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the business posted $1.73 earnings per share. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. 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. Equities analysts forecast that Akamai Technologies, Inc. will post 3.88 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AKAM. Bank of America raised Akamai Technologies from a “neutral” rating to a “buy” rating and boosted their target price for the company from $130.00 to $175.00 in a research report on Wednesday, May 13th. Scotiabank increased their price target on Akamai Technologies from $120.00 to $180.00 and gave the stock a “sector outperform” rating in a report on Friday, May 8th. Citigroup upped their target price on Akamai Technologies from $110.00 to $160.00 and gave the stock a “neutral” rating in a research report on Friday, May 15th. Piper Sandler cut their target price on Akamai Technologies from $156.00 to $140.00 and set a “neutral” rating on the stock in a report on Friday, August 7th. Finally, HSBC downgraded shares of Akamai Technologies from a “buy” rating to a “hold” rating and reduced their price target for the company from $171.00 to $123.00 in a research report on Monday, August 10th. Twelve research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Akamai Technologies has a consensus rating of “Hold” and a consensus price target of $144.14.

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.