31,300 Shares in Akamai Technologies, Inc. $AKAM Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

Key Points

• Virginia Retirement Systems acquired 31,300 Akamai Technologies shares worth approximately $3.7 million in the second quarter. Institutional investors and hedge funds collectively own 94.28% of Akamai’s stock.
• Analyst sentiment is mixed but leans positive: 13 analysts rate Akamai a Buy, nine rate it Hold and two rate it Sell, producing an overall “Hold” consensus and an average price target of $141.62.
• Akamai’s latest quarterly results modestly exceeded expectations, with $1.59 in adjusted EPS and $1.10 billion in revenue, up 5.4% year over year. The stock recently opened at $110.75, below the consensus analyst target.

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 31,300 shares of the technology infrastructure company's stock, valued at approximately $3,700,000.

A number of other hedge funds have also made changes to their positions in the company. Brighton Jones LLC grew its position in Akamai Technologies by 101.4% during the 4th quarter. Brighton Jones LLC now owns 4,016 shares of the technology infrastructure company's stock worth $384,000 after acquiring an additional 2,022 shares during the last quarter. Jones Financial Companies Lllp raised its position in Akamai Technologies by 35.2% in the 1st quarter. Jones Financial Companies Lllp now owns 1,087 shares of the technology infrastructure company's stock valued at $88,000 after purchasing an additional 283 shares during the last quarter. United Services Automobile Association bought a new position in Akamai Technologies in the 1st quarter valued at $266,000. Empowered Funds LLC boosted its stake in Akamai Technologies by 73.0% in the first quarter. Empowered Funds LLC now owns 7,134 shares of the technology infrastructure company's stock worth $574,000 after purchasing an additional 3,010 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Akamai Technologies by 152.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,163 shares of the technology infrastructure company's stock worth $93,000 after purchasing an additional 703 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Piper Sandler upgraded shares of Akamai Technologies from a "neutral" rating to an "overweight" rating and lowered their price objective for the company from $140.00 to $125.00 in a research report on Tuesday, September 1st. Weiss Ratings reiterated a "hold (c)" rating on shares of Akamai Technologies in a research report on Wednesday, June 24th. Royal Bank Of Canada lowered their price target on shares of Akamai Technologies from $150.00 to $135.00 and set a "sector perform" rating for the company in a report on Friday, August 7th. Bank of America upgraded shares of Akamai Technologies from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $130.00 to $175.00 in a research report on Wednesday, May 13th. Finally, JPMorgan Chase & Co. raised Akamai Technologies from an "underweight" rating to a "neutral" rating and upped their price objective for the stock from $132.00 to $158.00 in a report on Thursday, August 13th. Thirteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $141.62.

Insider Activity at Akamai Technologies

In related news, CTO Robert Blumofe sold 243 shares of the company's stock in a transaction dated 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. This represents a 0.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.30% of the stock is currently owned by company insiders.

Akamai Technologies Stock Performance

Akamai Technologies stock opened at $110.75 on Thursday. The company has a market cap of $15.92 billion, a PE ratio of 39.84, a PEG ratio of 4.87 and a beta of 0.63. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.23. Akamai Technologies, Inc. has a 1 year low of $70.82 and a 1 year high of $165.45. The company's 50-day moving average is $115.51 and its two-hundred day moving average is $117.98.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 EPS for the quarter, topping 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 during the quarter, compared to analysts' expectations of $1.09 billion. During the same quarter in the previous year, the company earned $1.73 EPS. Akamai Technologies's 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. Equities analysts anticipate that Akamai Technologies, Inc. will post 3.66 earnings per share 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.

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