Assenagon Asset Management S.A. Takes $2.47 Million Position in Akamai Technologies, Inc. $AKAM

Key Points

• Assenagon Asset Management acquired 20,931 Akamai Technologies shares during the second quarter, valued at approximately $2.47 million. Institutional investors collectively own 94.28% of the company.
• Akamai beat quarterly expectations with EPS of $1.59 versus the $1.57 consensus and revenue of $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 average price target of $144.14. Akamai shares opened at $125.29, while two executives sold shares through pre-arranged Rule 10b5-1 plans.

Assenagon Asset Management S.A. bought a new position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 20,931 shares of the technology infrastructure company's stock, valued at approximately $2,474,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AKAM. Brighton Jones LLC lifted its position in Akamai Technologies by 101.4% in the fourth quarter. Brighton Jones LLC now owns 4,016 shares of the technology infrastructure company's stock worth $384,000 after purchasing an additional 2,022 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of Akamai Technologies by 35.2% during the 1st quarter. Jones Financial Companies Lllp now owns 1,087 shares of the technology infrastructure company's stock worth $88,000 after acquiring an additional 283 shares during the period. United Services Automobile Association bought a new stake in Akamai Technologies in the first quarter valued at about $266,000. Empowered Funds LLC raised its position in Akamai Technologies by 73.0% in the first quarter. Empowered Funds LLC now owns 7,134 shares of the technology infrastructure company's stock worth $574,000 after purchasing an additional 3,010 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in Akamai Technologies by 152.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,163 shares of the technology infrastructure company's stock worth $93,000 after purchasing an additional 703 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CTO Robert Blumofe sold 243 shares of the firm'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 transaction, the chief technology officer directly owned 31,006 shares in the company, valued at $4,012,486.46. This trade represents a 0.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 Akamai Technologies stock in a transaction 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 sale, the executive vice president directly owned 59,210 shares of the company's stock, valued at approximately $8,027,099.70. This trade represents a 3.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.30% of the company's stock.

Akamai Technologies Stock Up 2.0%

NASDAQ AKAM opened at $125.29 on Friday. The stock has a market capitalization of $18.01 billion, a P/E ratio of 45.07, a price-to-earnings-growth ratio of 5.29 and a beta of 0.63. Akamai Technologies, Inc. has a 52 week low of $70.82 and a 52 week high of $165.45. The company has a debt-to-equity ratio of 1.23, a quick ratio of 2.06 and a current ratio of 1.64. The stock has a fifty day moving average of $121.74 and a 200-day moving average of $116.70.

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. Akamai Technologies had a return on equity of 11.32% and a net margin of 9.51%.The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the prior year, the firm posted $1.73 earnings per share. The firm'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 research analysts forecast that Akamai Technologies, Inc. will post 3.91 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AKAM. Citigroup lifted their price objective on Akamai Technologies from $110.00 to $160.00 and gave the company a "neutral" rating in a report on Friday, May 15th. Piper Sandler lowered their price target on Akamai Technologies from $156.00 to $140.00 and set a "neutral" rating on the stock in a research report on Friday, August 7th. Morgan Stanley lifted their price objective on Akamai Technologies from $120.00 to $165.00 and gave the company an "overweight" rating in a report on Thursday, May 14th. UBS Group boosted their target price on shares of Akamai Technologies from $125.00 to $143.00 and gave the company a "neutral" rating in a research note on Friday, August 7th. Finally, Royal Bank Of Canada reduced their target price on shares of Akamai Technologies from $150.00 to $135.00 and set a "sector perform" rating on the stock in a research note on Friday, August 7th. Twelve investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $144.14.

Akamai Technologies 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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