Baker Avenue Asset Management LP Makes New Investment in Akamai Technologies, Inc. $AKAM

Key Points

• Baker Avenue Asset Management opened a new position in Akamai Technologies during the fourth quarter, buying 15,971 shares valued at about $1.39 million.
• Institutional interest in Akamai remains strong, with several other funds recently increasing their stakes and institutions now owning 94.28% of the company.
• Analysts have become more mixed but generally constructive: several firms raised price targets or upgraded the stock, while the consensus rating remains Hold with an average target of $145.29.

Baker Avenue Asset Management LP acquired a new position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 15,971 shares of the technology infrastructure company's stock, valued at approximately $1,393,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Fox Run Management L.L.C. increased its stake in Akamai Technologies by 467.7% during the 3rd quarter. Fox Run Management L.L.C. now owns 19,144 shares of the technology infrastructure company's stock valued at $1,450,000 after purchasing an additional 15,772 shares in the last quarter. National Pension Service boosted its stake in Akamai Technologies by 48.5% during the 3rd quarter. National Pension Service now owns 68,111 shares of the technology infrastructure company's stock valued at $5,160,000 after purchasing an additional 22,242 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC increased its holdings in shares of Akamai Technologies by 42.4% in the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 251,322 shares of the technology infrastructure company's stock worth $19,040,000 after purchasing an additional 74,791 shares in the last quarter. New York Life Investment Management LLC increased its holdings in shares of Akamai Technologies by 71.5% in the 3rd quarter. New York Life Investment Management LLC now owns 34,051 shares of the technology infrastructure company's stock worth $2,580,000 after purchasing an additional 14,192 shares in the last quarter. Finally, Invenomic Capital Management LP raised its stake in shares of Akamai Technologies by 16.6% in the third quarter. Invenomic Capital Management LP now owns 499,097 shares of the technology infrastructure company's stock worth $37,812,000 after purchasing an additional 71,173 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company's stock.

Analysts Set New Price Targets

AKAM has been the subject of a number of research reports. Craig Hallum upgraded shares of Akamai Technologies from a "hold" rating to a "buy" rating and set a $190.00 target price for the company in a research note on Friday, May 8th. Royal Bank Of Canada raised their price target on Akamai Technologies from $100.00 to $150.00 and gave the stock a "sector perform" rating in a research note on Friday, May 8th. Zacks Research downgraded shares of Akamai Technologies from a "hold" rating to a "strong sell" rating in a report on Tuesday, May 19th. Bank of America upgraded shares of Akamai Technologies from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $130.00 to $175.00 in a research note on Wednesday, May 13th. Finally, Morgan Stanley raised their price objective on Akamai Technologies from $120.00 to $165.00 and gave the stock an "overweight" rating in a research note on Thursday, May 14th. Twelve analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $145.29.

Insider Transactions at Akamai Technologies

In other Akamai Technologies news, EVP Anthony P. Williams sold 15,000 shares of Akamai Technologies stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $104.29, for a total value of $1,564,350.00. Following the completion of the transaction, the executive vice president directly owned 22,064 shares of the company's stock, valued at $2,301,054.56. This trade represents a 40.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Mani Sundaram sold 8,642 shares of the company's stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $101.25, for a total value of $875,002.50. Following the sale, the executive vice president owned 19,923 shares in the company, valued at approximately $2,017,203.75. This trade represents a 30.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 42,681 shares of company stock valued at $4,382,493 in the last ninety days. Corporate insiders own 2.30% of the company's stock.

Akamai Technologies Price Performance

Shares of NASDAQ:AKAM opened at $143.13 on Friday. The firm has a market cap of $20.81 billion, a price-to-earnings ratio of 48.19, a P/E/G ratio of 4.52 and a beta of 0.45. The firm has a fifty day moving average price of $119.24 and a 200 day moving average price of $102.64. Akamai Technologies, Inc. has a fifty-two week low of $69.78 and a fifty-two week high of $165.45. 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 results on Thursday, May 7th. The technology infrastructure company reported $1.61 EPS for the quarter, hitting the consensus estimate of $1.61. The business had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $1.07 billion. Akamai Technologies had a net margin of 10.20% and a return on equity of 12.96%. The business's quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.70 EPS. 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, sell-side analysts expect that Akamai Technologies, Inc. will post 3.93 earnings per share for the current fiscal year.

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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