Perigon Wealth Management LLC Makes New $551,000 Investment in Akamai Technologies, Inc. $AKAM

Perigon Wealth Management LLC acquired a new stake in Akamai Technologies, Inc. (NASDAQ:AKAM) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,658 shares of the technology infrastructure company’s stock, valued at approximately $551,000.

A number of other hedge funds have also recently made changes to their positions in the business. Norges Bank purchased a new stake in shares of Akamai Technologies during the fourth quarter worth about $192,959,000. AQR Capital Management LLC lifted its holdings in Akamai Technologies by 522.8% in the 3rd quarter. AQR Capital Management LLC now owns 2,020,346 shares of the technology infrastructure company’s stock worth $153,061,000 after purchasing an additional 1,695,937 shares in the last quarter. Alyeska Investment Group L.P. lifted its holdings in Akamai Technologies by 570.0% in the 3rd quarter. Alyeska Investment Group L.P. now owns 1,634,040 shares of the technology infrastructure company’s stock worth $123,795,000 after purchasing an additional 1,390,167 shares in the last quarter. Rubric Capital Management LP bought a new position in Akamai Technologies in the 4th quarter worth approximately $104,700,000. Finally, First Trust Advisors LP boosted its stake in Akamai Technologies by 16.5% in the 4th quarter. First Trust Advisors LP now owns 6,752,000 shares of the technology infrastructure company’s stock worth $589,112,000 after purchasing an additional 957,345 shares during the period. Institutional investors own 94.28% of the company’s stock.

Akamai Technologies Price Performance

Akamai Technologies stock opened at $112.84 on Thursday. Akamai Technologies, Inc. has a 12-month low of $70.82 and a 12-month high of $165.45. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.23. The firm has a 50-day moving average price of $120.08 and a 200-day moving average price of $117.21. The firm has a market capitalization of $16.22 billion, a PE ratio of 40.59, a price-to-earnings-growth ratio of 5.24 and a beta of 0.63.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.57 by $0.02. Akamai Technologies had a net margin of 9.51% and a return on equity of 11.32%. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the firm posted $1.73 EPS. The firm’s 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. As a group, equities research analysts forecast that Akamai Technologies, Inc. will post 3.7 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on AKAM shares. Guggenheim lifted their price objective on shares of Akamai Technologies from $181.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Oppenheimer raised their target price on shares of Akamai Technologies from $115.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. JPMorgan Chase & Co. raised shares of Akamai Technologies from an “underweight” rating to a “neutral” rating and raised their target price for the company from $132.00 to $158.00 in a research note on Thursday, August 13th. Scotiabank boosted their price target on shares of Akamai Technologies from $120.00 to $180.00 and gave the stock a “sector outperform” rating in a research note on Friday, May 8th. Finally, HSBC cut shares of Akamai Technologies from a “buy” rating to a “hold” rating and decreased their price target for the stock from $171.00 to $123.00 in a research note on Monday, August 10th. Twelve analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $144.14.

Insider Buying and Selling

In other news, EVP Kim Salem-Jackson sold 2,300 shares of the company’s 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 transaction, the executive vice president owned 59,210 shares of the company’s stock, valued at approximately $8,027,099.70. This represents a 3.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed 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 stock in a transaction that occurred 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 owned 31,006 shares in the company, valued at approximately $4,012,486.46. The trade was a 0.78% decrease in their ownership of the stock. 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. Corporate insiders own 2.30% of the company’s stock.

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.