Arkadios Wealth Advisors Takes Position in Akamai Technologies, Inc. $AKAM

Arkadios Wealth Advisors acquired a new stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund acquired 16,773 shares of the technology infrastructure company's stock, valued at approximately $1,926,000.

Several other large investors have also added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC lifted its stake in Akamai Technologies by 3.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,356 shares of the technology infrastructure company's stock worth $271,000 after purchasing an additional 70 shares in the last quarter. Rexford Capital Inc. grew its position in shares of Akamai Technologies by 1.9% during the 4th quarter. Rexford Capital Inc. now owns 5,106 shares of the technology infrastructure company's stock valued at $445,000 after purchasing an additional 93 shares in the last quarter. Assetmark Inc. grew its position in shares of Akamai Technologies by 31.8% during the 4th quarter. Assetmark Inc. now owns 444 shares of the technology infrastructure company's stock valued at $39,000 after purchasing an additional 107 shares in the last quarter. Root Financial Partners LLC increased its holdings in shares of Akamai Technologies by 45.8% in the fourth quarter. Root Financial Partners LLC now owns 350 shares of the technology infrastructure company's stock worth $31,000 after purchasing an additional 110 shares during the period. Finally, Perigon Wealth Management LLC raised its position in shares of Akamai Technologies by 2.1% in the fourth quarter. Perigon Wealth Management LLC now owns 5,502 shares of the technology infrastructure company's stock worth $480,000 after buying an additional 115 shares in the last quarter. Institutional investors own 94.28% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Piper Sandler reissued a "neutral" rating and set a $156.00 price objective (up from $114.00) on shares of Akamai Technologies in a research note on Friday, May 8th. Craig Hallum raised Akamai Technologies from a "hold" rating to a "buy" rating and set a $190.00 price target on the stock in a report on Friday, May 8th. Royal Bank Of Canada lifted their price target on Akamai Technologies from $100.00 to $150.00 and gave the company a "sector perform" rating in a research report on Friday, May 8th. Evercore assumed coverage on Akamai Technologies in a report on Tuesday, April 14th. They set an "outperform" rating and a $130.00 price objective for the company. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Akamai Technologies in a report on Wednesday, June 24th. Twelve analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $145.29.

Insider Activity

In other news, CTO Robert Blumofe sold 243 shares of the business'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 of the company's stock, valued at approximately $4,012,486.46. The trade was a 0.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kim Salem-Jackson sold 2,300 shares of the stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $135.57, for a total value of $311,811.00. Following the sale, the executive vice president owned 59,210 shares of the company's stock, valued at $8,027,099.70. This represents a 3.74% 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 currently owned by insiders.

Akamai Technologies Stock Performance

AKAM stock opened at $115.18 on Monday. The company has a market capitalization of $16.74 billion, a PE ratio of 38.78, a price-to-earnings-growth ratio of 3.61 and a beta of 0.63. Akamai Technologies, Inc. has a one year low of $69.78 and a one year high of $165.45. The company's 50 day moving average price is $127.56 and its two-hundred day moving average price is $115.00. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.06 and a current ratio of 2.06.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The technology infrastructure company reported $1.61 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.61. Akamai Technologies had a net margin of 10.20% and a return on equity of 12.96%. The company had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $1.07 billion. During the same quarter in the prior year, the company earned $1.70 EPS. The firm's revenue was up 5.8% on a year-over-year basis. Akamai Technologies has set its FY 2026 guidance at 6.400-7.150 EPS and its Q2 2026 guidance at 1.450-1.650 EPS. As a group, analysts predict that Akamai Technologies, Inc. will post 3.91 earnings per share for the current fiscal 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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