30,815 Akamai Technologies, Inc. $AKAM Shares Purchased by QRG Capital Management Inc.

Key Points

• QRG Capital Management increased its Akamai stake by 1,716.7%, purchasing 30,815 additional shares to hold 32,610 shares valued at approximately $3.86 million. Institutional investors and hedge funds collectively own 94.28% of the company.
• Analyst sentiment remains mixed, with 13 Buy, nine Hold and two Sell ratings. Akamai has an overall “Hold” consensus and an average price target of $149.29, while individual targets range from $122 to $185.
• Akamai exceeded quarterly expectations with $1.59 in EPS versus a $1.57 consensus and $1.10 billion in revenue, up 5.4% year over year. The stock opened at $113.94, while management provided full-year 2026 EPS guidance of $6.40–$7.05.

QRG Capital Management Inc. lifted its holdings in shares of Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 1,716.7% in the second quarter, according to its most recent filing with the SEC. The firm owned 32,610 shares of the technology infrastructure company's stock after acquiring an additional 30,815 shares during the period. QRG Capital Management Inc.'s holdings in Akamai Technologies were worth $3,855,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Dimensional Fund Advisors LP grew its stake in shares of Akamai Technologies by 11.2% during the first quarter. Dimensional Fund Advisors LP now owns 3,464,793 shares of the technology infrastructure company's stock valued at $397,881,000 after purchasing an additional 349,451 shares during the last quarter. Norges Bank bought a new position in Akamai Technologies in the 4th quarter worth approximately $192,959,000. Edmond DE Rothschild Holding S.A. acquired a new position in Akamai Technologies during the 2nd quarter worth $222,046,000. William Blair Investment Management LLC bought a new position in Akamai Technologies in the 2nd quarter valued at $181,508,000. Finally, Legal & General Group Plc bought a new position in Akamai Technologies in the 2nd quarter valued at $159,564,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on AKAM shares. DA Davidson restated a "buy" rating and set a $185.00 target price on shares of Akamai Technologies in a research report on Friday. Weiss Ratings reiterated a "hold (c)" rating on shares of Akamai Technologies in a research report on Monday. UBS Group boosted their price objective on Akamai Technologies from $143.00 to $148.00 and gave the stock a "neutral" rating in a report on Friday. Citigroup cut their target price on shares of Akamai Technologies from $160.00 to $122.00 and set a "neutral" rating on the stock in a research report on Friday, September 4th. Finally, Zacks Research upgraded shares of Akamai Technologies from a "strong sell" rating to a "hold" rating in a research report on Monday, July 13th. Thirteen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $149.29.

Insider Transactions at Akamai Technologies

In other Akamai Technologies news, EVP Paul Joseph sold 3,100 shares of the business's stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $105.63, for a total value of $327,453.00. Following the completion of the sale, the executive vice president owned 28,472 shares of the company's stock, valued at $3,007,497.36. The trade was a 9.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.30% of the stock is owned by corporate insiders.

Akamai Technologies Stock Up 3.2%

Akamai Technologies stock opened at $113.94 on Friday. The stock has a market cap of $16.38 billion, a P/E ratio of 40.99, a P/E/G ratio of 5.12 and a beta of 0.63. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.23. Akamai Technologies, Inc. has a twelve month low of $70.82 and a twelve month high of $165.45. The company's 50-day moving average price is $112.98 and its two-hundred day moving average price is $118.72.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.57 by $0.02. The company had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.09 billion. Akamai Technologies had a return on equity of 11.32% and a net margin of 9.51%.The business's revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.73 earnings per share. 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, analysts expect that Akamai Technologies, Inc. will post 3.63 EPS for the current year.

More Akamai Technologies News

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

• Positive Sentiment: Landmark Anthropic agreement: Anthropic committed to spend $11.6 billion over seven years on Akamai Cloud infrastructure to support growing CPU workloads. The relationship could expand by another $9 billion, creating a potential total commitment of approximately $20 billion. The contract provides significant long-term revenue visibility and strengthens Akamai’s position in the AI-cloud market. Anthropic to pay Akamai $11.6 billion over seven years in cloud deal
• Positive Sentiment: AI growth narrative: Investors are repricing Akamai from primarily a content-delivery and cybersecurity company toward a meaningful AI infrastructure provider. Reports also cited major enterprise agreements involving Lenovo and Jabil as additional support for the outlook. 3 Reasons Why AKAM Stock Is Up Today
• Positive Sentiment: Analyst optimism: Piper Sandler reaffirmed an Overweight rating and raised its price target to $158 from $125. DA Davidson maintained a Buy rating with a $185 target, while JPMorgan raised its target to $167, despite keeping a Neutral rating. Why Is Akamai Technologies Stock Surging Friday?

Akamai Technologies Company Profile

Akamai Technologies, Inc is a global technology company that provides cloud computing, content delivery and cybersecurity services. Its distributed platform helps businesses deliver websites, applications, software downloads, video and other digital content with improved speed, availability and scalability.

The company's offerings include content delivery and edge computing services, cloud infrastructure, web and application performance solutions, and security products designed to protect applications, application programming interfaces, networks and users from cyber threats.

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