Empowered Funds LLC Acquires Shares of 94,107 Akamai Technologies, Inc. $AKAM

Key Points

• Empowered Funds LLC acquired 94,107 Akamai Technologies shares worth approximately $11.1 million, giving it about a 0.07% stake. Institutional investors and hedge funds collectively own 94.28% of AKAM.
• Akamai exceeded its latest quarterly estimates, reporting $1.59 EPS and $1.10 billion in revenue, while revenue increased 5.4% year over year. However, analysts have lowered several longer-term EPS forecasts, creating a mixed earnings outlook.
• AKAM shares opened at $107.47, below the average analyst target of $144.14; the consensus rating remains Hold. Recent insider sales occurred under pre-arranged Rule 10b5-1 plans, including sales by the CTO and an executive vice president.

Empowered Funds LLC bought a new position in Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 94,107 shares of the technology infrastructure company's stock, valued at approximately $11,124,000. Empowered Funds LLC owned about 0.07% of Akamai Technologies as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Contravisory Investment Management Inc. acquired a new stake in shares of Akamai Technologies during the 1st quarter worth approximately $1,172,000. HighTower Advisors LLC lifted its stake in shares of Akamai Technologies by 132.4% in 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 period. Leeward Investments LLC MA lifted its stake in shares of Akamai Technologies by 32.6% in 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. Baker Avenue Asset Management LP purchased a new stake in Akamai Technologies during the fourth quarter worth $1,393,000. Finally, Todd Asset Management LLC boosted its holdings in Akamai Technologies by 63.8% during 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. 94.28% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Akamai Technologies

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

• Positive Sentiment: Zacks raised its EPS forecasts for Q3 2026 to $1.00 from $0.99, Q4 2026 to $1.12 from $1.07, Q1 2027 to $0.87 from $0.79, Q4 2027 to $1.09 from $1.08, and Q1 2028 to $1.03 from $1.02. These revisions provide some support for the near-term earnings outlook. Akamai Technologies analyst estimates
• Neutral Sentiment: Implied volatility for Akamai stock options has surged, indicating that traders expect larger-than-usual movement in AKAM shares. However, options-market volatility does not establish whether the next move will be higher or lower. Implied Volatility Surging for Akamai Stock Options
• Negative Sentiment: Zacks lowered its EPS outlook for FY2026 to $3.79 from $3.90 and FY2027 to $3.92 from $3.98. It also cut Q2 2027 EPS to $0.83 from $0.96, Q3 2027 to $1.13 from $1.15, and FY2028 to $4.69 from $4.70. The reductions suggest slower expected profit growth and likely contribute to the weaker investor sentiment.

Insider Activity

In other Akamai Technologies news, CTO Robert Blumofe sold 243 shares of the business's stock in a transaction that occurred 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 completion of the sale, the chief technology officer directly owned 31,006 shares in the company, valued at approximately $4,012,486.46. The trade was a 0.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kim Salem-Jackson sold 2,300 shares of the stock in a transaction that occurred 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 transaction, the executive vice president directly owned 59,210 shares of the company's stock, valued at $8,027,099.70. The trade was a 3.74% decrease in their position. 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 corporate insiders.

Akamai Technologies Price Performance

Shares of NASDAQ AKAM opened at $107.47 on Friday. The firm has a market cap of $15.45 billion, a PE ratio of 38.66, a PEG ratio of 4.95 and a beta of 0.63. The firm has a fifty day moving average of $117.06 and a 200 day moving average of $117.75. 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, Inc. has a one year low of $70.82 and a one year high of $165.45.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.02. Akamai Technologies had a net margin of 9.51% and a return on equity of 11.32%. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the firm posted $1.73 earnings per share. The company's 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. As a group, research analysts predict that Akamai Technologies, Inc. will post 3.66 EPS for the current fiscal year.

Analyst Ratings Changes

AKAM has been the subject of a number of recent analyst reports. TD Cowen lifted their price objective on shares of Akamai Technologies from $135.00 to $140.00 and gave the company a "hold" rating in a report on Friday, August 7th. Guggenheim increased their target price on shares of Akamai Technologies from $181.00 to $190.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. Susquehanna dropped their target price on Akamai Technologies from $175.00 to $140.00 and set a "positive" rating on the stock in a research report on Monday, August 10th. Royal Bank Of Canada cut their price target on Akamai Technologies from $150.00 to $135.00 and set a "sector perform" rating for the company in a research note on Friday, August 7th. Finally, Piper Sandler reduced their price target on Akamai Technologies from $156.00 to $140.00 and set a "neutral" rating for the company in a report on Friday, August 7th. Twelve analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $144.14.

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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