Mitsubishi UFJ Asset Management Co. Ltd. Acquires Shares of 198,086 Akamai Technologies, Inc. $AKAM

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Akamai Technologies, Inc. (NASDAQ:AKAM) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 198,086 shares of the technology infrastructure company’s stock, valued at approximately $23,416,000. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.14% of Akamai Technologies as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of AKAM. Norges Bank purchased a new stake in shares of Akamai Technologies during the 4th quarter valued at about $192,959,000. AQR Capital Management LLC lifted its position in Akamai Technologies by 522.8% during the third quarter. AQR Capital Management LLC now owns 2,020,346 shares of the technology infrastructure company’s stock valued at $153,061,000 after purchasing an additional 1,695,937 shares during the period. Alyeska Investment Group L.P. lifted its position in Akamai Technologies by 570.0% during the third quarter. Alyeska Investment Group L.P. now owns 1,634,040 shares of the technology infrastructure company’s stock valued at $123,795,000 after purchasing an additional 1,390,167 shares during the period. Rubric Capital Management LP purchased a new stake in Akamai Technologies in the fourth quarter worth approximately $104,700,000. Finally, First Trust Advisors LP grew its position 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. 94.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Akamai Technologies in a report on Wednesday, June 24th. Morgan Stanley upped 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. Citigroup increased 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. Guggenheim boosted their price target on Akamai Technologies from $181.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, Bank of America raised shares of Akamai Technologies from a “neutral” rating to a “buy” rating and upped their price target for the company from $130.00 to $175.00 in a research report on Wednesday, May 13th. Twelve research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $144.14.

Akamai Technologies Price Performance

NASDAQ AKAM opened at $110.09 on Friday. The business’s fifty day moving average is $119.63 and its 200 day moving average is $117.31. Akamai Technologies, Inc. has a fifty-two week low of $70.82 and a fifty-two week high of $165.45. 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 $15.82 billion, a PE ratio of 39.60, a price-to-earnings-growth ratio of 5.14 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, topping analysts’ consensus estimates of $1.57 by $0.02. Akamai Technologies had a return on equity of 11.32% and a net margin of 9.51%.The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the prior year, the business posted $1.73 earnings per share. The business’s quarterly revenue was up 5.4% on a year-over-year basis. 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. Sell-side analysts predict that Akamai Technologies, Inc. will post 3.7 earnings per share for the current year.

Insider Activity at Akamai Technologies

In other Akamai Technologies news, 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 transaction of $31,446.63. Following the sale, the chief technology officer owned 31,006 shares in the company, valued at approximately $4,012,486.46. This trade represents a 0.78% decrease in their position. The transaction was disclosed in a legal filing 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, EVP Kim Salem-Jackson sold 2,300 shares of Akamai Technologies stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $135.57, for a total transaction of $311,811.00. Following the transaction, the executive vice president directly owned 59,210 shares in the company, valued at $8,027,099.70. This represents a 3.74% decrease in their position. The SEC filing for this sale provides additional information. 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.