ABN AMRO Bank N.V. purchased a new stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 82,322 shares of the technology infrastructure company's stock, valued at approximately $9,737,000. ABN AMRO Bank N.V. owned approximately 0.06% of Akamai Technologies at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in AKAM. Norges Bank acquired a new stake in shares of Akamai Technologies in the 4th 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 valued at $153,061,000 after acquiring an additional 1,695,937 shares during the last quarter. Alyeska Investment Group L.P. boosted its holdings 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 worth $123,795,000 after buying an additional 1,390,167 shares in the last quarter. Rubric Capital Management LP bought a new stake in shares of Akamai Technologies during the 4th quarter worth $104,700,000. Finally, First Trust Advisors LP boosted its position in shares of 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 valued at $589,112,000 after purchasing an additional 957,345 shares during the period. 94.28% of the stock is currently owned by institutional investors and hedge funds.
Akamai Technologies Price Performance
Shares of Akamai Technologies stock opened at $124.99 on Friday. The firm's 50-day moving average price is $121.26 and its two-hundred day moving average price is $116.76. Akamai Technologies, Inc. has a 1-year low of $70.82 and a 1-year high of $165.45. The stock has a market capitalization of $17.96 billion, a price-to-earnings ratio of 44.96, a P/E/G ratio of 5.38 and a beta of 0.63. The company has a current ratio of 1.64, a quick ratio of 2.06 and a debt-to-equity ratio of 1.23.
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, beating the consensus estimate of $1.57 by $0.02. Akamai Technologies had a return on equity of 11.32% and a net margin of 9.51%.The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the company posted $1.73 EPS. The business's revenue for the quarter 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. On average, equities analysts predict that Akamai Technologies, Inc. will post 3.88 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, EVP Kim Salem-Jackson sold 2,300 shares of the business's stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $135.57, for a total value of $311,811.00. Following the completion of the transaction, the executive vice president owned 59,210 shares in the company, valued at $8,027,099.70. The trade was a 3.74% 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. Also, CTO Robert Blumofe sold 243 shares of the business's stock in a transaction 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 sale, the chief technology officer owned 31,006 shares of the company's stock, valued at approximately $4,012,486.46. The trade was a 0.78% 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. Company insiders own 2.30% of the company's stock.
Analyst Ratings Changes
Several equities analysts have weighed in on AKAM shares. HSBC cut shares of Akamai Technologies from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $171.00 to $123.00 in a research report on Monday, August 10th. Guggenheim boosted their target price on Akamai Technologies from $181.00 to $190.00 and gave the company a "buy" rating in a research note on Friday, August 7th. TD Cowen increased their price target on shares of Akamai Technologies from $135.00 to $140.00 and gave the stock a "hold" rating in a research note on Friday, August 7th. Raymond James Financial increased their price target on Akamai Technologies from $140.00 to $170.00 in a report on Monday, May 11th. Finally, Susquehanna lowered their target price on Akamai Technologies from $175.00 to $140.00 and set a "positive" rating on the stock in a report on Monday, August 10th. Twelve analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Akamai Technologies presently has an average rating of "Hold" and a consensus target price of $144.14.
Read Our Latest Analysis on Akamai Technologies
Akamai Technologies Company Profile
(
Free Report)
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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