Akamai Technologies, Inc. $AKAM Shares Bought by California State Teachers Retirement System

California State Teachers Retirement System lifted its position in Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 1.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 171,051 shares of the technology infrastructure company's stock after buying an additional 3,194 shares during the quarter. California State Teachers Retirement System owned about 0.12% of Akamai Technologies worth $20,219,939 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Silvant Capital Management LLC acquired a new position in Akamai Technologies during the second quarter worth approximately $32,000. Sarver Vrooman Wealth Advisors bought a new position in Akamai Technologies in the 4th quarter valued at $31,000. Root Financial Partners LLC lifted its stake in shares of Akamai Technologies by 45.8% in the 4th 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. Cedar Mountain Advisors LLC bought a new position in shares of Akamai Technologies during the first quarter valued at approximately $47,000. Finally, Persistent Asset Partners Ltd purchased a new position in Akamai Technologies in the second quarter worth about $54,000. Institutional investors and hedge funds own 94.28% of the company's stock.

Insider Activity

In other Akamai Technologies 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 transaction of $31,446.63. Following the transaction, the chief technology officer owned 31,006 shares of the company's stock, valued at $4,012,486.46. This represents a 0.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.30% of the stock is owned by corporate insiders.

Akamai Technologies Trading Down 0.2%

Shares of NASDAQ AKAM traded down $0.25 during trading hours on Tuesday, hitting $105.32. The company's stock had a trading volume of 1,394,316 shares, compared to its average volume of 4,484,996. The stock has a market cap of $15.14 billion, a price-to-earnings ratio of 38.01, a P/E/G ratio of 4.92 and a beta of 0.63. The business has a 50-day simple moving average of $115.12 and a 200-day simple moving average of $118.17. Akamai Technologies, Inc. has a 12 month low of $70.82 and a 12 month high of $165.45. 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 (NASDAQ:AKAM - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.02. The business had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.09 billion. Akamai Technologies had a return on equity of 11.32% and a net margin of 9.51%.The firm's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.73 EPS. 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, analysts anticipate that Akamai Technologies, Inc. will post 3.66 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on AKAM shares. JPMorgan Chase & Co. upgraded Akamai Technologies from an "underweight" rating to a "neutral" rating and boosted their target price for the stock from $132.00 to $158.00 in a research note on Thursday, August 13th. Piper Sandler raised Akamai Technologies from a "neutral" rating to an "overweight" rating and reduced their target price for the company from $140.00 to $125.00 in a research note on Tuesday, September 1st. Citigroup reduced their price target on shares of Akamai Technologies from $160.00 to $122.00 and set a "neutral" rating on the stock in a research report on Friday, September 4th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Akamai Technologies in a research note on Wednesday, June 24th. Finally, Guggenheim boosted their price target on shares of Akamai Technologies from $181.00 to $190.00 and gave the company a "buy" rating in a report on Friday, August 7th. Thirteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $141.62.

Akamai Technologies Profile

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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