Baird Financial Group Inc. Purchases 21,902 Shares of Akamai Technologies, Inc. $AKAM

Key Points

• Baird Financial Group increased its Akamai Technologies position by 36.1% in the second quarter, purchasing 21,902 additional shares and bringing its holdings to 82,540 shares valued at approximately $9.2 million.
• Akamai’s latest quarterly results exceeded 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 Q3 2026 EPS guidance of $1.60–$1.80.
• Analyst sentiment remains mixed: Akamai has an overall “Hold” rating and an average price target of $141.62, while recent business developments included expanded cybersecurity work with MuleSoft and a TrafficPeak streaming-monitoring deployment with ITV.

Baird Financial Group Inc. raised its position in Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 36.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 82,540 shares of the technology infrastructure company's stock after purchasing an additional 21,902 shares during the period. Baird Financial Group Inc. owned 0.06% of Akamai Technologies worth $9,177,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of AKAM. Sarver Vrooman Wealth Advisors acquired a new position in Akamai Technologies in the fourth quarter valued at $31,000. Root Financial Partners LLC boosted its position in Akamai Technologies by 45.8% during the fourth quarter. Root Financial Partners LLC now owns 350 shares of the technology infrastructure company's stock valued at $31,000 after acquiring an additional 110 shares during the last quarter. Silvant Capital Management LLC acquired a new stake in Akamai Technologies during the 2nd quarter worth about $32,000. CYBER HORNET ETFs LLC bought a new position in shares of Akamai Technologies in the 2nd quarter worth about $32,000. Finally, Align Financial LLC bought a new position in shares of Akamai Technologies in the 4th quarter worth about $34,000. 94.28% of the stock is owned by institutional investors.

Akamai Technologies Price Performance

AKAM stock opened at $106.79 on Monday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.64 and a current ratio of 1.64. The business has a 50-day simple moving average of $115.26 and a two-hundred day simple moving average of $118.13. The company has a market capitalization of $15.35 billion, a P/E ratio of 38.41, a price-to-earnings-growth ratio of 4.92 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.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The technology infrastructure company reported $1.59 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the business posted $1.73 earnings per share. The company's quarterly revenue 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. Research analysts expect that Akamai Technologies, Inc. will post 3.66 EPS for the current fiscal year.

Akamai Technologies News Summary

Here are the key news stories impacting Akamai Technologies this week:

• Positive Sentiment: Expanded cybersecurity partnership with MuleSoft: Akamai announced broader integration with MuleSoft’s Agent Fabric, allowing companies to discover and govern APIs, AI agents and MCP servers across distributed environments. More than 20 joint customers are already using the technology, supporting Akamai’s position in API and AI security. Akamai and MuleSoft Unify Real-Time API Defense and AI Policy Control
• Positive Sentiment: ITV selects TrafficPeak for World Cup streaming: ITV is deploying Akamai TrafficPeak, powered by Hydrolix, to improve real-time monitoring of ITVX during the World Cup. Faster issue detection could help protect streaming reliability and advertising revenue while providing a customer reference for Akamai’s observability products. ITV Selects Akamai TrafficPeak to Optimize World Cup Streaming
• Positive Sentiment: Regional channel expansion: VST ECS is expanding its enterprise portfolio and cybersecurity offerings through a partnership with Akamai, potentially broadening distribution and customer reach in the enterprise market. VST ECS strengthens enterprise portfolio through partnership with Akamai
• Neutral Sentiment: Analyst estimates were mixed but largely unchanged: Zacks Research raised its FY2026 EPS forecast modestly to $3.80 from $3.79 and its Q2 2028 estimate to $1.14 from $1.13, while trimming Q3 and Q4 2026 estimates by $0.01 each and FY2028 EPS to $4.68 from $4.69. Zacks maintained a “Hold” rating, limiting the immediate bullish impact.
• Neutral Sentiment: Other commentary: Jim Cramer called Akamai “terrific,” but the television commentary and recent conference transcripts do not represent new financial guidance. Reported short-interest data showing zero shares appears unreliable and is not a meaningful trading signal.

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 completion of the sale, the chief technology officer directly owned 31,006 shares of the company's stock, valued at approximately $4,012,486.46. This represents a 0.78% 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. Insiders own 2.30% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on AKAM. Weiss Ratings restated a "hold (c)" rating on shares of Akamai Technologies in a research report on Wednesday, June 24th. UBS Group lifted their target price on Akamai Technologies from $125.00 to $143.00 and gave the stock a "neutral" rating in a report on Friday, August 7th. Piper Sandler upgraded Akamai Technologies from a "neutral" rating to an "overweight" rating and cut their price target for the stock from $140.00 to $125.00 in a report on Tuesday, September 1st. Guggenheim raised their price objective on shares of Akamai Technologies from $181.00 to $190.00 and gave the stock a "buy" rating in a research report on Friday, August 7th. Finally, Citigroup lowered their price objective on shares of Akamai Technologies from $160.00 to $122.00 and set a "neutral" rating for the company in a research note on Friday, September 4th. Thirteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $141.62.

About Akamai Technologies

Akamai Technologies, Inc is a global technology company that provides cloud computing, content delivery and cybersecurity services. Its distributed platform helps businesses deliver websites, applications, software downloads, video and other digital content with improved speed, availability and scalability.

The company's offerings include content delivery and edge computing services, cloud infrastructure, web and application performance solutions, and security products designed to protect applications, application programming interfaces, networks and users from cyber threats.

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