Public Employees Retirement System of Ohio Buys Shares of 44,283 Akamai Technologies, Inc. $AKAM

Public Employees Retirement System of Ohio acquired a new stake in Akamai Technologies, Inc. (NASDAQ:AKAM) during the 2nd quarter, Holdings Channel reports. The institutional investor acquired 44,283 shares of the technology infrastructure company’s stock, valued at approximately $5,235,000.

A number of other large investors also recently bought and sold shares of the company. Contravisory Investment Management Inc. purchased a new stake in shares of Akamai Technologies in the 1st quarter worth about $1,172,000. HighTower Advisors LLC increased its holdings in Akamai Technologies by 132.4% during the 4th quarter. HighTower Advisors LLC now owns 25,960 shares of the technology infrastructure company’s stock valued at $2,265,000 after acquiring an additional 14,792 shares in the last quarter. Leeward Investments LLC MA raised its position in Akamai Technologies by 32.6% during the fourth quarter. Leeward Investments LLC MA now owns 148,104 shares of the technology infrastructure company’s stock worth $12,922,000 after acquiring an additional 36,395 shares during the last quarter. Baker Avenue Asset Management LP acquired a new position in Akamai Technologies during the fourth quarter worth about $1,393,000. Finally, Todd Asset Management LLC increased its stake in shares of Akamai Technologies by 63.8% during the 4th quarter. Todd Asset Management LLC now owns 429,949 shares of the technology infrastructure company’s stock worth $37,513,000 after purchasing an additional 167,500 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Insider Buying and Selling at Akamai Technologies

In other 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 transaction of $31,446.63. Following the sale, the chief technology officer 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 transaction 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, EVP Kim Salem-Jackson sold 2,300 shares of Akamai Technologies 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 completion of the sale, the executive vice president directly owned 59,210 shares of the company’s stock, valued at approximately $8,027,099.70. This represents a 3.74% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.30% of the stock is owned by company insiders.

Akamai Technologies Stock Performance

Shares of AKAM opened at $105.09 on Thursday. 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 company has a market capitalization of $15.10 billion, a price-to-earnings ratio of 37.80, a PEG ratio of 4.90 and a beta of 0.63. The company’s 50 day simple moving average is $116.26 and its 200 day simple moving average is $118.10. Akamai Technologies, Inc. has a 1 year low of $70.82 and a 1 year high of $165.45.

Akamai Technologies (NASDAQ:AKAM) last released 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 during the quarter, compared to analysts’ expectations of $1.09 billion. Akamai Technologies had a net margin of 9.51% and a return on equity of 11.32%. Akamai Technologies’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.73 EPS. 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. On average, sell-side analysts predict that Akamai Technologies, Inc. will post 3.66 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on AKAM. Zacks Research upgraded Akamai Technologies from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Guggenheim raised their price target on Akamai Technologies from $181.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. TD Cowen boosted their price target on Akamai Technologies from $135.00 to $140.00 and gave the stock a “hold” rating in a report on Friday, August 7th. HSBC downgraded Akamai Technologies from a “buy” rating to a “hold” rating and reduced their price objective for the company from $171.00 to $123.00 in a research report on Monday, August 10th. Finally, Piper Sandler raised Akamai Technologies from a “neutral” rating to an “overweight” rating and decreased their price objective for the company from $140.00 to $125.00 in a research note on Tuesday. Thirteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $143.43.

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.