Cibc World Market Inc. Purchases Shares of 20,019 Akamai Technologies, Inc. $AKAM

Cibc World Market Inc. acquired a new position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 20,019 shares of the technology infrastructure company’s stock, valued at approximately $2,366,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AKAM. Brighton Jones LLC increased its position in shares of Akamai Technologies by 101.4% during the 4th quarter. Brighton Jones LLC now owns 4,016 shares of the technology infrastructure company’s stock valued at $384,000 after purchasing an additional 2,022 shares during the period. Jones Financial Companies Lllp lifted its position in shares of Akamai Technologies by 35.2% during the 1st quarter. Jones Financial Companies Lllp now owns 1,087 shares of the technology infrastructure company’s stock valued at $88,000 after acquiring an additional 283 shares during the last quarter. United Services Automobile Association acquired a new stake in shares of Akamai Technologies during the first quarter worth $266,000. Empowered Funds LLC lifted its holdings in shares of Akamai Technologies by 73.0% during the first quarter. Empowered Funds LLC now owns 7,134 shares of the technology infrastructure company’s stock valued at $574,000 after purchasing an additional 3,010 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Akamai Technologies by 152.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,163 shares of the technology infrastructure company’s stock valued at $93,000 after purchasing an additional 703 shares during the period. 94.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on AKAM. Bank of America upgraded Akamai Technologies from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $130.00 to $175.00 in a report on Wednesday, May 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Akamai Technologies in a research report on Wednesday, June 24th. Scotiabank lifted their price target on Akamai Technologies from $120.00 to $180.00 and gave the company a “sector outperform” rating in a report on Friday, May 8th. Craig Hallum raised Akamai Technologies from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a research note on Friday, May 8th. Finally, Citigroup upped their target price on Akamai Technologies from $110.00 to $160.00 and gave the company a “neutral” rating in a report on Friday, May 15th. Twelve analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Akamai Technologies has an average rating of “Hold” and a consensus price target of $144.14.

Akamai Technologies Price Performance

NASDAQ AKAM opened at $108.06 on Thursday. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.23. The stock has a market capitalization of $15.53 billion, a PE ratio of 38.87, a price-to-earnings-growth ratio of 4.86 and a beta of 0.63. Akamai Technologies, Inc. has a 12-month low of $70.82 and a 12-month high of $165.45. The company has a 50 day moving average price of $117.68 and a two-hundred day moving average price of $117.71.

Akamai Technologies (NASDAQ:AKAM) last posted its earnings results 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. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. Akamai Technologies had a net margin of 9.51% and a return on equity of 11.32%. The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the business posted $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, equities analysts predict that Akamai Technologies, Inc. will post 3.67 earnings per share for the current fiscal year.

Insider Transactions at Akamai Technologies

In related news, EVP Kim Salem-Jackson sold 2,300 shares of the stock in a transaction that occurred 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 completion of 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 firm’s stock in a transaction that occurred on Thursday, June 18th. The shares were 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 in the company, valued at $4,012,486.46. This trade represents a 0.78% 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. 2.30% of the stock is owned by corporate insiders.

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.