Akamai Technologies, Inc. $AKAM Position Raised by Integrated Wealth Concepts LLC

Key Points

• Integrated Wealth Concepts LLC increased its Akamai Technologies position by 217.2% in the second quarter, bringing its holdings to 18,054 shares valued at approximately $2.13 million. Institutional investors collectively own 94.28% of the company.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $141.62. Recent actions included HSBC downgrading the stock to Hold, while Guggenheim raised its target to $190 and maintained a Buy rating.
• Akamai reported quarterly EPS of $1.59, slightly beating estimates, while revenue rose 5.4% year over year to $1.10 billion. Shares opened at $105.57, well below their 52-week high of $165.45.

Integrated Wealth Concepts LLC grew its position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 217.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,054 shares of the technology infrastructure company's stock after acquiring an additional 12,363 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Akamai Technologies were worth $2,134,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Silvant Capital Management LLC acquired a new position in Akamai Technologies during the 2nd quarter valued at about $32,000. Sarver Vrooman Wealth Advisors acquired a new stake in shares of Akamai Technologies in the fourth quarter valued at approximately $31,000. Root Financial Partners LLC raised its holdings in shares of Akamai Technologies by 45.8% during the fourth quarter. Root Financial Partners LLC now owns 350 shares of the technology infrastructure company's stock valued at $31,000 after buying an additional 110 shares during the last quarter. Cedar Mountain Advisors LLC bought a new stake in shares of Akamai Technologies during the first quarter valued at approximately $47,000. Finally, Persistent Asset Partners Ltd acquired a new position in shares of Akamai Technologies during the second quarter worth approximately $54,000. Institutional investors own 94.28% of the company's stock.

Insiders Place Their Bets

In other Akamai Technologies news, CTO Robert Blumofe sold 243 shares of the company's stock in a transaction dated Thursday, June 18th. The shares were 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 directly owned 31,006 shares of the company's stock, valued at approximately $4,012,486.46. This represents a 0.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.30% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on AKAM shares. Weiss Ratings reissued a "hold (c)" rating on shares of Akamai Technologies in a report on Wednesday, June 24th. TD Cowen lifted their target price on Akamai Technologies from $135.00 to $140.00 and gave the company a "hold" rating in a research note on Friday, August 7th. HSBC lowered Akamai Technologies from a "buy" rating to a "hold" rating and reduced their price target for the stock from $171.00 to $123.00 in a research report on Monday, August 10th. Piper Sandler raised Akamai Technologies from a "neutral" rating to an "overweight" rating and lowered their price target for the company from $140.00 to $125.00 in a report on Tuesday, September 1st. Finally, Guggenheim lifted their price objective on shares of Akamai Technologies from $181.00 to $190.00 and gave the company a "buy" rating in a research note on Friday, August 7th. Thirteen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $141.62.

Akamai Technologies Stock Performance

Shares of NASDAQ AKAM opened at $105.57 on Tuesday. The stock has a fifty day moving average price of $115.12 and a two-hundred day moving average price of $118.17. 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 firm has a market cap of $15.17 billion, a P/E ratio of 37.97, a PEG ratio of 4.92 and a beta of 0.63. Akamai Technologies, Inc. has a 1 year low of $70.82 and a 1 year high of $165.45.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last issued its quarterly 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 company had revenue of $1.10 billion for 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 firm's revenue for the quarter was up 5.4% on a year-over-year basis. During the same period last 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. Research analysts forecast that Akamai Technologies, Inc. will post 3.66 EPS for the current fiscal year.

Akamai Technologies 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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