15,971 Shares in Akamai Technologies, Inc. $AKAM Purchased by Baker Avenue Asset Management LP

Baker Avenue Asset Management LP purchased a new stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) during the 4th quarter, Holdings Channel.com reports. The fund purchased 15,971 shares of the technology infrastructure company’s stock, valued at approximately $1,393,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Knights of Columbus Asset Advisors LLC purchased a new stake in Akamai Technologies in the fourth quarter worth $392,000. Employees Retirement System of Texas raised its stake in shares of Akamai Technologies by 204.1% during the fourth quarter. Employees Retirement System of Texas now owns 2,235 shares of the technology infrastructure company’s stock valued at $195,000 after acquiring an additional 1,500 shares in the last quarter. Tandem Investment Advisors Inc. raised its stake in shares of Akamai Technologies by 1.6% during the fourth quarter. Tandem Investment Advisors Inc. now owns 30,784 shares of the technology infrastructure company’s stock valued at $2,686,000 after acquiring an additional 499 shares in the last quarter. Allstate Corp raised its position in Akamai Technologies by 58.9% during the 4th quarter. Allstate Corp now owns 9,486 shares of the technology infrastructure company’s stock valued at $828,000 after purchasing an additional 3,516 shares in the last quarter. Finally, Clearstead Advisors LLC lifted its holdings in shares of Akamai Technologies by 3.1% in the 4th quarter. Clearstead Advisors LLC now owns 130,028 shares of the technology infrastructure company’s stock worth $11,345,000 after buying an additional 3,913 shares during the period. 94.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on AKAM shares. Bank of America upgraded shares of Akamai Technologies from a “neutral” rating to a “buy” rating and increased their price objective for the company from $130.00 to $175.00 in a research note on Wednesday, May 13th. Morgan Stanley raised their price objective on Akamai Technologies from $120.00 to $165.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. UBS Group raised their price target on Akamai Technologies from $110.00 to $160.00 and gave the stock a “neutral” 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 price objective on the stock in a report on Friday, May 8th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Akamai Technologies from $72.00 to $100.00 in a research note on Friday, May 8th. Twelve analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $145.29.

Insiders Place Their Bets

In related news, Director Madhu Ranganathan sold 3,131 shares of the business’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $102.00, for a total value of $319,362.00. Following the completion of the sale, the director owned 9,160 shares of the company’s stock, valued at approximately $934,320. The trade was a 25.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Anthony P. Williams sold 15,000 shares of the company’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $104.29, for a total transaction of $1,564,350.00. Following the transaction, the executive vice president owned 22,064 shares of the company’s stock, valued at $2,301,054.56. This represents a 40.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 42,681 shares of company stock worth $4,382,493. 2.30% of the stock is owned by company insiders.

Akamai Technologies Price Performance

NASDAQ:AKAM opened at $143.13 on Friday. The firm has a market cap of $20.81 billion, a price-to-earnings ratio of 48.19, a price-to-earnings-growth ratio of 4.52 and a beta of 0.45. 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 company has a 50 day moving average price of $119.24 and a 200-day moving average price of $102.64. Akamai Technologies, Inc. has a 1-year low of $69.78 and a 1-year high of $165.45.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings data on Thursday, May 7th. The technology infrastructure company reported $1.61 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.61. Akamai Technologies had a net margin of 10.20% and a return on equity of 12.96%. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the previous year, the company earned $1.70 earnings per share. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. 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 forecast that Akamai Technologies, Inc. will post 3.93 EPS for the current year.

Akamai Technologies Company 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.