E. Ohman J or Asset Management AB Raises Stock Position in Akamai Technologies, Inc. $AKAM

Key Points

• E. Ohman Jor Asset Management increased its Akamai stake by 22.2% in the second quarter, adding 30,612 shares to reach 168,612 shares valued at approximately $19.9 million. Institutional investors collectively own 94.28% of the company.
• Akamai modestly beat quarterly expectations, reporting adjusted EPS of $1.59 versus $1.57 expected and revenue of $1.10 billion versus $1.09 billion expected. Revenue grew 5.4% year over year as the company invests in its AI and cloud expansion.
• Analyst sentiment remains mixed: several firms raised price targets as high as $190, while HSBC maintained a hold rating and cut its target to $123. The consensus rating is Hold, with an average price target of $141.38.

E. Ohman J or Asset Management AB grew its stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 22.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 168,612 shares of the technology infrastructure company's stock after acquiring an additional 30,612 shares during the period. E. Ohman J or Asset Management AB owned about 0.12% of Akamai Technologies worth $19,932,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Contravisory Investment Management Inc. purchased a new position in shares of Akamai Technologies during the first quarter valued at $1,172,000. HighTower Advisors LLC grew its holdings 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 worth $2,265,000 after acquiring an additional 14,792 shares in the last quarter. Leeward Investments LLC MA increased its position 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 during the period. Robeco Institutional Asset Management B.V. increased its position in Akamai Technologies by 88.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 461,461 shares of the technology infrastructure company's stock valued at $40,262,000 after purchasing an additional 216,222 shares during the period. Finally, Baker Avenue Asset Management LP bought a new stake in shares of Akamai Technologies in the 4th quarter valued at about $1,393,000. Institutional investors own 94.28% of the company's stock.

More Akamai Technologies News

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

• Positive Sentiment: Jim Cramer highlighted Akamai’s business transformation, including its cloud pivot and potential benefits from supporting robotics and AI workloads. The commentary reinforces the view that Akamai could achieve faster growth from higher-value infrastructure services. Jim Cramer Examines Akamai Technologies’ Cloud Pivot and Robotics Win
• Positive Sentiment: Some analysts remain constructive: Susquehanna retained a positive rating despite reducing its price target to $140, while separate coverage raised Akamai price targets to $140 and $190. The targets imply meaningful potential upside from the latest quoted share price. Susquehanna Akamai Price Target Akamai Price Target Raised to $140 Akamai Price Target Raised to $190
• Neutral Sentiment: Akamai’s latest earnings showed a modest quarterly beat, with adjusted earnings of $1.59 per share versus $1.57 expected and revenue of approximately $1.10 billion versus $1.09 billion expected. Revenue increased 5.4% year over year, though the AI and cloud expansion requires substantial investment. Akamai Earnings Call: Heavy Investment Fuels AI Pivot
• Negative Sentiment: Analyst caution remains a headwind. HSBC reportedly cut its rating, while Piper Sandler and Royal Bank of Canada lowered their price targets to $140 and $135, respectively. An earlier analyst downgrade contributed to a sharp selloff, underscoring concerns about valuation and the pace of growth. HSBC Rating Cut Piper Sandler Cuts Price Target RBC Cuts Price Target

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AKAM. HSBC reissued a "hold" rating and set a $123.00 price objective (down from $171.00) on shares of Akamai Technologies in a report on Monday. Scotiabank increased their target price on Akamai Technologies from $120.00 to $180.00 and gave the company a "sector outperform" rating in a research report on Friday, May 8th. Guggenheim lifted their price target on Akamai Technologies from $181.00 to $190.00 and gave the company a "buy" rating in a report on Friday. Morgan Stanley boosted their price target on Akamai Technologies from $120.00 to $165.00 and gave the stock an "overweight" rating in a research report on Thursday, May 14th. Finally, The Goldman Sachs Group raised their price objective on Akamai Technologies from $76.00 to $87.00 and gave the company a "sell" rating in a research report on Friday, May 8th. Twelve research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Akamai Technologies has an average rating of "Hold" and a consensus price target of $141.38.

Akamai Technologies Trading Up 6.4%

NASDAQ AKAM opened at $117.65 on Tuesday. Akamai Technologies, Inc. has a 12-month low of $70.42 and a 12-month high of $165.45. The company has a fifty day simple moving average of $124.04 and a two-hundred day simple moving average of $116.15. The company has a current ratio of 1.64, a quick ratio of 2.06 and a debt-to-equity ratio of 1.23. The stock has a market cap of $17.10 billion, a P/E ratio of 42.32, a P/E/G ratio of 4.69 and a beta of 0.63.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share for the quarter, beating analysts' consensus estimates of $1.57 by $0.02. Akamai Technologies had a net margin of 9.51% and a return on equity of 11.32%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period in the previous year, the company earned $1.73 earnings per share. The business'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. On average, analysts forecast that Akamai Technologies, Inc. will post 3.91 earnings per share for the current year.

Insider Activity

In other news, EVP Kim Salem-Jackson sold 2,300 shares of the stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $135.57, for a total value of $311,811.00. Following the transaction, the executive vice president directly owned 59,210 shares of the company's stock, valued at approximately $8,027,099.70. This represents a 3.74% decrease in their ownership of the stock. The sale was disclosed in a document filed 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, CTO Robert Blumofe sold 243 shares of the firm's stock in a transaction dated 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 transaction, the chief technology officer owned 31,006 shares of the company's stock, valued at approximately $4,012,486.46. The trade was 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 currently owned by 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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