13,879 Shares in Akamai Technologies, Inc. $AKAM Acquired by Connor Clark & Lunn Investment Management Ltd.

Key Points

• Connor Clark & Lunn Investment Management acquired 13,879 Akamai shares worth approximately $1.64 million in the second quarter. Institutional investors collectively own 94.28% of AKAM.
• Akamai’s latest quarter exceeded expectations, with EPS of $1.59 versus a $1.57 consensus and revenue of $1.10 billion. However, Zacks lowered several full-year EPS forecasts, including FY2026 to $3.79 from $3.90.
• Analyst sentiment remains mixed: AKAM has a consensus “Hold” rating and a $144.14 price target, while the stock opened at $107.47 after declining 3.4%.

Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 13,879 shares of the technology infrastructure company's stock, valued at approximately $1,641,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Silvant Capital Management LLC purchased a new stake in shares of Akamai Technologies during the 2nd quarter worth $32,000. Sarver Vrooman Wealth Advisors purchased a new position in Akamai Technologies in the fourth quarter valued at about $31,000. Root Financial Partners LLC grew its stake in Akamai Technologies by 45.8% in the fourth quarter. Root Financial Partners LLC now owns 350 shares of the technology infrastructure company's stock valued at $31,000 after purchasing an additional 110 shares during the last quarter. CYBER HORNET ETFs LLC bought a new position in Akamai Technologies in the second quarter worth about $32,000. Finally, Cedar Mountain Advisors LLC bought a new position in Akamai Technologies in the first quarter worth about $47,000. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Akamai Technologies

Here are the key news stories impacting Akamai Technologies this week:

• Positive Sentiment: Zacks raised its EPS forecasts for Q3 2026 to $1.00 from $0.99, Q4 2026 to $1.12 from $1.07, Q1 2027 to $0.87 from $0.79, Q4 2027 to $1.09 from $1.08, and Q1 2028 to $1.03 from $1.02. These revisions provide some support for the near-term earnings outlook. Akamai Technologies analyst estimates
• Neutral Sentiment: Implied volatility for Akamai stock options has surged, indicating that traders expect larger-than-usual movement in AKAM shares. However, options-market volatility does not establish whether the next move will be higher or lower. Implied Volatility Surging for Akamai Stock Options
• Negative Sentiment: Zacks lowered its EPS outlook for FY2026 to $3.79 from $3.90 and FY2027 to $3.92 from $3.98. It also cut Q2 2027 EPS to $0.83 from $0.96, Q3 2027 to $1.13 from $1.15, and FY2028 to $4.69 from $4.70. The reductions suggest slower expected profit growth and likely contribute to the weaker investor sentiment.

Analyst Upgrades and Downgrades

AKAM has been the topic of a number of recent analyst reports. Weiss Ratings restated a "hold (c)" rating on shares of Akamai Technologies in a report on Wednesday, June 24th. HSBC downgraded shares of Akamai Technologies from a "buy" rating to a "hold" rating and lowered their target price for the company from $171.00 to $123.00 in a research note on Monday, August 10th. Morgan Stanley lifted their price target on shares of Akamai Technologies from $120.00 to $165.00 and gave the stock an "overweight" rating in a report on Thursday, May 14th. Zacks Research raised Akamai Technologies from a "strong sell" rating to a "hold" rating in a research report on Monday, July 13th. Finally, The Goldman Sachs Group increased their price objective on Akamai Technologies from $76.00 to $87.00 and gave the company a "sell" rating in a report on Friday, May 8th. Twelve equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $144.14.

Insider Transactions at Akamai Technologies

In other Akamai Technologies news, 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 completion of the sale, the executive vice president directly owned 59,210 shares in the company, valued at approximately $8,027,099.70. The trade was a 3.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, 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 company's stock in a transaction 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 completion of the sale, 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. Insiders own 2.30% of the company's stock.

Akamai Technologies Trading Down 3.4%

NASDAQ:AKAM opened at $107.47 on Friday. Akamai Technologies, Inc. has a 12 month low of $70.82 and a 12 month high of $165.45. The firm has a fifty day simple moving average of $117.06 and a 200-day simple moving average of $117.75. 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 company has a market capitalization of $15.45 billion, a P/E ratio of 38.66, a PEG ratio of 4.95 and a beta of 0.63.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last released its earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.02. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. Akamai Technologies had a return on equity of 11.32% and a net margin of 9.51%.The firm's revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm 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, equities research analysts anticipate that Akamai Technologies, Inc. will post 3.66 earnings per share for the current year.

Akamai Technologies 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.

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