Algert Global LLC Has $7.58 Million Stake in Akamai Technologies, Inc. $AKAM

Key Points

• Algert Global LLC increased its Akamai Technologies stake by 1,021.7% in the second quarter, acquiring 58,440 additional shares for a total holding of 64,160 shares valued at approximately $7.58 million.
• Institutional investors and hedge funds own 94.28% of Akamai’s outstanding shares. Analysts’ consensus rating is Hold, with an average price target of $144.14.
• Akamai exceeded quarterly expectations with $1.59 in EPS and $1.10 billion in revenue, up 5.4% year over year, while issuing third-quarter 2026 EPS guidance of $1.60–$1.80.

Algert Global LLC grew its stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 1,021.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 64,160 shares of the technology infrastructure company's stock after buying an additional 58,440 shares during the period. Algert Global LLC's holdings in Akamai Technologies were worth $7,584,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. First Trust Advisors LP boosted its position in shares of Akamai Technologies by 16.5% during the fourth quarter. First Trust Advisors LP now owns 6,752,000 shares of the technology infrastructure company's stock worth $589,112,000 after purchasing an additional 957,345 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in 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 worth $397,881,000 after acquiring an additional 349,451 shares in the last quarter. Invesco Ltd. lifted its holdings in Akamai Technologies by 5.8% during the third quarter. Invesco Ltd. now owns 3,239,099 shares of the technology infrastructure company's stock worth $245,394,000 after acquiring an additional 177,756 shares in the last quarter. Norges Bank acquired a new position in Akamai Technologies in the fourth quarter valued at about $192,959,000. Finally, Alyeska Investment Group L.P. grew its stake in Akamai Technologies by 34.5% in the fourth quarter. Alyeska Investment Group L.P. now owns 2,197,218 shares of the technology infrastructure company's stock valued at $191,707,000 after acquiring an additional 563,178 shares during the period. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AKAM. UBS Group lifted their price objective on Akamai Technologies from $125.00 to $143.00 and gave the company a "neutral" rating in a report on Friday, August 7th. JPMorgan Chase & Co. raised Akamai Technologies from an "underweight" rating to a "neutral" rating and increased their target price for the stock from $132.00 to $158.00 in a research note on Thursday, August 13th. Weiss Ratings restated a "hold (c)" rating on shares of Akamai Technologies in a report on Wednesday, June 24th. Craig Hallum raised shares of Akamai Technologies from a "hold" rating to a "buy" rating and set a $190.00 price target on the stock in a research note on Friday, May 8th. Finally, The Goldman Sachs Group lifted their price target on shares of Akamai Technologies from $76.00 to $87.00 and gave the company a "sell" rating in a research note on Friday, May 8th. Twelve investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $144.14.

Akamai Technologies Price Performance

NASDAQ AKAM opened at $108.06 on Thursday. The firm's 50 day moving average is $117.68 and its 200-day moving average is $117.71. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $15.53 billion, a PE ratio of 38.87, a price-to-earnings-growth ratio of 4.86 and a beta of 0.63. Akamai Technologies, Inc. has a 12-month low of $70.82 and a 12-month 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 firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. Akamai Technologies had a net margin of 9.51% and a return on equity of 11.32%. The company's revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the business 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. Equities research analysts anticipate that Akamai Technologies, Inc. will post 3.67 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Kim Salem-Jackson sold 2,300 shares of the stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $135.57, for a total value of $311,811.00. Following the completion of the sale, the executive vice president owned 59,210 shares of the company's stock, valued at approximately $8,027,099.70. This represents a 3.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed 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 firm'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 transaction, the chief technology officer directly owned 31,006 shares of the company's stock, valued at $4,012,486.46. This 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. 2.30% of the stock is owned by company insiders.

Akamai Technologies Company 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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