Atreides Management LP Invests $107.64 Million in Akamai Technologies, Inc. $AKAM

Key Points

• Atreides Management LP acquired 910,583 Akamai shares worth approximately $107.64 million during the second quarter, making Akamai its 17th-largest portfolio holding and representing about 0.63% of the company.
• Akamai reported quarterly EPS of $1.59, slightly above the $1.57 consensus estimate, while revenue rose 5.4% year over year to $1.10 billion. The company issued third-quarter 2026 EPS guidance of $1.60–$1.80.
• Analyst sentiment remains mixed, with a consensus rating of “Hold” and an average price target of $144.14. The stock recently traded at $108.06, while institutional investors and hedge funds collectively own 94.28% of shares.

Atreides Management LP acquired a new position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 910,583 shares of the technology infrastructure company's stock, valued at approximately $107,640,000. Akamai Technologies accounts for 0.8% of Atreides Management LP's portfolio, making the stock its 17th largest position. Atreides Management LP owned about 0.63% of Akamai Technologies as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC increased its holdings in Akamai Technologies by 3.1% during 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. lifted its holdings in shares of Akamai Technologies by 1.9% in the fourth 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. Root Financial Partners LLC boosted its position 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 worth $31,000 after buying an additional 110 shares during the period. Allworth Financial LP boosted its position in shares of Akamai Technologies by 6.3% during the fourth quarter. Allworth Financial LP now owns 2,196 shares of the technology infrastructure company's stock worth $192,000 after buying an additional 131 shares during the period. Finally, Tema ETFs LLC boosted its position in shares of Akamai Technologies by 9.5% during the second quarter. Tema ETFs LLC now owns 1,664 shares of the technology infrastructure company's stock worth $197,000 after buying an additional 145 shares during the period. 94.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CTO Robert Blumofe sold 243 shares of the 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 sale, the chief technology officer owned 31,006 shares in the company, valued at approximately $4,012,486.46. This represents a 0.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kim Salem-Jackson sold 2,300 shares of the firm's stock in a transaction on 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 directly owned 59,210 shares of the company's stock, valued at $8,027,099.70. This represents a 3.74% decrease in their position. 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.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Royal Bank Of Canada dropped their target price on Akamai Technologies from $150.00 to $135.00 and set a "sector perform" rating on the stock in a research report on Friday, August 7th. The Goldman Sachs Group upped their price target on Akamai Technologies from $76.00 to $87.00 and gave the stock a "sell" rating in a research report on Friday, May 8th. TD Cowen raised their price target on shares of Akamai Technologies from $135.00 to $140.00 and gave the stock a "hold" rating in a research note on Friday, August 7th. Susquehanna lowered their price objective on shares of Akamai Technologies from $175.00 to $140.00 and set a "positive" rating on the stock in a report on Monday, August 10th. Finally, Bank of America raised shares of Akamai Technologies from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $130.00 to $175.00 in a research report on Wednesday, May 13th. Twelve research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $144.14.

Akamai Technologies Trading Up 2.2%

Akamai Technologies stock opened at $108.06 on Thursday. The stock has a 50-day simple moving average of $117.68 and a 200 day simple moving average of $117.71. The stock has a market capitalization of $15.53 billion, a P/E ratio of 38.87, a PEG ratio of 4.86 and a beta of 0.63. 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 52 week low of $70.82 and a 52 week high of $165.45.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last released its quarterly earnings data 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 firm 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 company earned $1.73 earnings per share. The business'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. Analysts expect that Akamai Technologies, Inc. will post 3.67 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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