CYBER HORNET ETFs LLC Raises Stock Holdings in Akamai Technologies, Inc. $AKAM

Key Points

• CYBER HORNET ETFs LLC increased its Akamai Technologies stake by 3,817.7% in the second quarter, bringing its holdings to 15,514 shares worth approximately $1.83 million. Institutional investors collectively own 94.28% of Akamai.
• Analyst sentiment remains mixed: 13 analysts rate AKAM a Buy, nine rate it Hold and two rate it Sell, resulting in a consensus Hold rating and an average price target of $141.62.
• Akamai slightly exceeded quarterly expectations, reporting $1.59 in adjusted EPS and $1.10 billion in revenue, with revenue up 5.4% year over year. The stock opened at $105.22, versus a 52-week range of $70.82 to $165.45.

CYBER HORNET ETFs LLC boosted its position in Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 3,817.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,514 shares of the technology infrastructure company's stock after purchasing an additional 15,118 shares during the quarter. Akamai Technologies makes up 0.6% of CYBER HORNET ETFs LLC's portfolio, making the stock its 24th biggest position. CYBER HORNET ETFs LLC's holdings in Akamai Technologies were worth $1,834,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Contravisory Investment Management Inc. bought a new stake in shares of Akamai Technologies in the 1st quarter worth approximately $1,172,000. HighTower Advisors LLC grew its position in Akamai Technologies by 132.4% during the 4th quarter. HighTower Advisors LLC now owns 25,960 shares of the technology infrastructure company's stock valued at $2,265,000 after purchasing an additional 14,792 shares during the last quarter. Leeward Investments LLC MA increased its stake in Akamai Technologies by 32.6% during the 4th quarter. Leeward Investments LLC MA now owns 148,104 shares of the technology infrastructure company's stock valued at $12,922,000 after purchasing an additional 36,395 shares in the last quarter. Baker Avenue Asset Management LP purchased a new position in Akamai Technologies in the fourth quarter worth about $1,393,000. Finally, Todd Asset Management LLC lifted its stake in shares of Akamai Technologies by 63.8% in the fourth quarter. Todd Asset Management LLC now owns 429,949 shares of the technology infrastructure company's stock worth $37,513,000 after buying an additional 167,500 shares in the last quarter. Institutional investors own 94.28% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on AKAM shares. Royal Bank Of Canada reduced their price target on shares of Akamai Technologies from $150.00 to $135.00 and set a "sector perform" rating for the company in a research report on Friday, August 7th. Raymond James Financial upped their price target on Akamai Technologies from $140.00 to $170.00 in a report on Monday, May 11th. UBS Group lifted their price objective on Akamai Technologies from $125.00 to $143.00 and gave the stock a "neutral" rating in a report on Friday, August 7th. Bank of America raised Akamai Technologies from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $130.00 to $175.00 in a research report on Wednesday, May 13th. Finally, Susquehanna dropped their price target 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. Thirteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued 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 Price Performance

AKAM opened at $105.22 on Monday. The company has a market capitalization of $15.12 billion, a PE ratio of 37.85, a price-to-earnings-growth ratio of 4.85 and a beta of 0.63. The firm has a 50-day simple moving average of $115.97 and a two-hundred day simple moving average of $118.02. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.23. 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 posted its earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 EPS for the quarter, topping analysts' consensus estimates of $1.57 by $0.02. Akamai Technologies had a return on equity of 11.32% and a net margin of 9.51%.The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the business earned $1.73 earnings per share. The firm's revenue for the quarter was up 5.4% on a year-over-year basis. 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 forecast that Akamai Technologies, Inc. will post 3.66 earnings per share for the current fiscal year.

Insider Buying and Selling at Akamai Technologies

In other Akamai Technologies news, EVP Kim Salem-Jackson sold 2,300 shares of Akamai Technologies 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 completion of the transaction, the executive vice president directly owned 59,210 shares of the company's stock, valued at $8,027,099.70. This trade represents a 3.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Robert Blumofe sold 243 shares of the company's stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $129.41, for a total transaction of $31,446.63. Following the sale, the chief technology officer owned 31,006 shares in the company, valued at $4,012,486.46. This represents a 0.78% decrease in their ownership of the stock. 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 owned by company insiders.

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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