Sequoia Financial Advisors LLC Grows Stock Holdings in Akamai Technologies, Inc. $AKAM

Sequoia Financial Advisors LLC raised its holdings in Akamai Technologies, Inc. (NASDAQ:AKAM) by 131.3% in the 1st quarter, HoldingsChannel reports. The fund owned 27,002 shares of the technology infrastructure company’s stock after acquiring an additional 15,327 shares during the period. Sequoia Financial Advisors LLC’s holdings in Akamai Technologies were worth $3,101,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in AKAM. Cedar Mountain Advisors LLC acquired a new position in Akamai Technologies in the first quarter valued at $47,000. Forza Wealth Management LLC grew its holdings in Akamai Technologies by 2.0% in the 1st quarter. Forza Wealth Management LLC now owns 8,009 shares of the technology infrastructure company’s stock valued at $920,000 after buying an additional 159 shares during the period. First Horizon Corp increased its stake in shares of Akamai Technologies by 1.2% during the 1st quarter. First Horizon Corp now owns 156,729 shares of the technology infrastructure company’s stock valued at $18,000,000 after acquiring an additional 1,819 shares during the last quarter. Money Concepts Capital Corp increased its stake in shares of Akamai Technologies by 6.3% during the 1st quarter. Money Concepts Capital Corp now owns 20,858 shares of the technology infrastructure company’s stock valued at $2,396,000 after acquiring an additional 1,233 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Akamai Technologies by 2.5% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 8,121 shares of the technology infrastructure company’s stock worth $933,000 after acquiring an additional 197 shares during the period. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Analyst Ratings Changes

AKAM has been the topic of several research analyst reports. Guggenheim raised their target price on shares of Akamai Technologies from $133.00 to $181.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Craig Hallum raised shares of Akamai Technologies from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a research note on Friday, May 8th. The Goldman Sachs Group lifted their price target on shares of Akamai Technologies from $76.00 to $87.00 and gave the company a “sell” rating in a report on Friday, May 8th. Weiss Ratings restated a “hold (c)” rating on shares of Akamai Technologies in a report on Wednesday, June 24th. Finally, JPMorgan Chase & Co. increased their target price on Akamai Technologies from $72.00 to $100.00 in a research report on Friday, May 8th. Twelve research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $145.29.

Insiders Place Their Bets

In related news, EVP Kim Salem-Jackson sold 2,300 shares of the stock in a transaction on Wednesday, June 10th. The stock was 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 in the company, valued at approximately $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 accessible through the SEC website. 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 dated 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 transaction, 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 ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.30% of the stock is currently owned by corporate insiders.

Akamai Technologies Trading Down 0.8%

NASDAQ AKAM opened at $125.13 on Tuesday. The firm has a market capitalization of $18.19 billion, a price-to-earnings ratio of 42.13, a PEG ratio of 3.96 and a beta of 0.63. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.06 and a current ratio of 2.06. Akamai Technologies, Inc. has a one year low of $69.78 and a one year high of $165.45. The company’s 50 day moving average price is $134.61 and its 200 day moving average price is $112.03.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings data on Thursday, May 7th. The technology infrastructure company reported $1.61 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 the consensus estimate of $1.07 billion. During the same period in the previous year, the firm earned $1.70 earnings per share. Akamai Technologies’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. On average, sell-side analysts predict that Akamai Technologies, Inc. will post 3.92 EPS for the current year.

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.