Alyeska Investment Group L.P. Lowers Holdings in Akamai Technologies, Inc. $AKAM

Key Points

• Alyeska Investment Group cut its Akamai Technologies stake by 93.3% in the second quarter, selling 590,993 shares and retaining 42,157 shares valued at approximately $4.98 million. Institutional investors collectively own 94.28% of the company.
• Akamai reported quarterly earnings of $1.59 per share, slightly exceeding estimates, while revenue reached $1.10 billion, up 5.4% year over year. The company issued third-quarter 2026 EPS guidance of $1.60–$1.80.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $143.43. Shares opened at $106.46, well below their 52-week high of $165.45.

Alyeska Investment Group L.P. cut its stake in Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 93.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 42,157 shares of the technology infrastructure company's stock after selling 590,993 shares during the period. Alyeska Investment Group L.P.'s holdings in Akamai Technologies were worth $4,983,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Contravisory Investment Management Inc. acquired a new position in shares of Akamai Technologies during the first quarter worth about $1,172,000. HighTower Advisors LLC boosted its position in shares of Akamai Technologies by 132.4% in the fourth quarter. HighTower Advisors LLC now owns 25,960 shares of the technology infrastructure company's stock worth $2,265,000 after buying an additional 14,792 shares during the period. Leeward Investments LLC MA grew its position in Akamai Technologies by 32.6% in the fourth quarter. Leeward Investments LLC MA now owns 148,104 shares of the technology infrastructure company's stock valued at $12,922,000 after acquiring an additional 36,395 shares in the last quarter. Baker Avenue Asset Management LP acquired a new stake in Akamai Technologies in the fourth quarter valued at approximately $1,393,000. Finally, Todd Asset Management LLC raised its stake in shares of Akamai Technologies by 63.8% during the fourth quarter. Todd Asset Management LLC now owns 429,949 shares of the technology infrastructure company's stock valued at $37,513,000 after purchasing an additional 167,500 shares during the period. Institutional investors and hedge funds own 94.28% of the company's stock.

Insider Activity at Akamai Technologies

In other Akamai Technologies news, EVP Kim Salem-Jackson sold 2,300 shares of the company's 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 directly owned 59,210 shares in the company, valued at $8,027,099.70. This represents a 3.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 completion of the sale, the chief technology officer directly owned 31,006 shares in the company, valued at $4,012,486.46. This represents a 0.78% decrease in their position. The disclosure for this sale is available in the SEC filing. 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

AKAM has been the subject of a number of analyst reports. UBS Group upped their price objective on shares of Akamai Technologies from $125.00 to $143.00 and gave the company a "neutral" rating in a research report on Friday, August 7th. HSBC lowered shares of Akamai Technologies from a "buy" rating to a "hold" rating and dropped their price target for the stock from $171.00 to $123.00 in a research note on Monday, August 10th. Citigroup upped their price target on shares of Akamai Technologies from $110.00 to $160.00 and gave the company a "neutral" rating in a report on Friday, May 15th. Raymond James Financial increased their price objective on shares of Akamai Technologies from $140.00 to $170.00 in a research note on Monday, May 11th. Finally, Bank of America raised shares of Akamai Technologies from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $130.00 to $175.00 in a research report on Wednesday, May 13th. Thirteen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $143.43.

Akamai Technologies Stock Down 2.0%

Akamai Technologies stock opened at $106.46 on Wednesday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.64 and a current ratio of 1.64. Akamai Technologies, Inc. has a one year low of $70.82 and a one year high of $165.45. The company has a 50-day simple moving average of $116.55 and a 200-day simple moving average of $118.10. The firm has a market capitalization of $15.30 billion, a P/E ratio of 38.30, a P/E/G ratio of 5.00 and a beta of 0.64.

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 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 the consensus estimate of $1.09 billion. Akamai Technologies had a net margin of 9.51% and a return on equity of 11.32%. Akamai Technologies's quarterly revenue was up 5.4% compared to the same quarter last year. During the same period last year, the firm posted $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. As a group, equities analysts expect 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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