Parsifal Capital Management LP Acquires Shares of 684,922 Akamai Technologies, Inc. $AKAM

Key Points

• Parsifal Capital Management acquired 684,922 shares of Akamai Technologies, representing about 0.48% of the company and 9.8% of the fund’s portfolio, making it the fund’s fifth-largest holding.
• Akamai reported quarterly earnings of $1.59 per share, exceeding estimates by $0.02, while revenue rose 5.4% year over year to $1.10 billion. The company issued Q3 2026 EPS guidance of $1.60–$1.80 and full-year guidance of $6.40–$7.05.
• Analyst sentiment remains mixed: 12 analysts rate the stock a Buy, 10 a Hold, and two a Sell, resulting in an overall “Hold” rating and an average price target of $144.14.

Parsifal Capital Management LP bought a new position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 684,922 shares of the technology infrastructure company's stock, valued at approximately $80,964,630,000. Akamai Technologies makes up about 9.8% of Parsifal Capital Management LP's investment portfolio, making the stock its 5th largest holding. Parsifal Capital Management LP owned about 0.48% of Akamai Technologies at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. First Trust Advisors LP lifted its stake in Akamai Technologies by 16.5% in the fourth quarter. First Trust Advisors LP now owns 6,752,000 shares of the technology infrastructure company's stock valued at $589,112,000 after buying an additional 957,345 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Akamai Technologies by 11.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,464,793 shares of the technology infrastructure company's stock valued at $397,881,000 after acquiring an additional 349,451 shares during the period. Invesco Ltd. raised its position in Akamai Technologies by 5.8% in the 3rd quarter. Invesco Ltd. now owns 3,239,099 shares of the technology infrastructure company's stock valued at $245,394,000 after purchasing an additional 177,756 shares during the last quarter. Norges Bank acquired a new stake in Akamai Technologies during the 4th quarter worth $192,959,000. Finally, Alyeska Investment Group L.P. boosted its stake in Akamai Technologies by 34.5% during the 4th quarter. Alyeska Investment Group L.P. now owns 2,197,218 shares of the technology infrastructure company's stock worth $191,707,000 after purchasing an additional 563,178 shares during the period. 94.28% of the stock is owned by institutional investors and hedge funds.

Akamai Technologies Price Performance

AKAM stock opened at $110.42 on Monday. Akamai Technologies, Inc. has a one year low of $70.82 and a one year high of $165.45. The stock has a market capitalization of $15.87 billion, a PE ratio of 39.72, a price-to-earnings-growth ratio of 5.07 and a beta of 0.63. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.64 and a current ratio of 1.64. The company has a fifty day moving average of $119.17 and a 200-day moving average of $117.40.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last issued its 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. 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 quarter in the previous year, the firm 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. As a group, analysts expect that Akamai Technologies, Inc. will post 3.67 EPS for the current year.

Insider Activity at Akamai Technologies

In related news, CTO Robert Blumofe sold 243 shares of the company's 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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 on Wednesday, June 10th. The stock was 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 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 company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Craig Hallum raised shares of Akamai Technologies from a "hold" rating to a "buy" rating and set a $190.00 target price for the company in a report on Friday, May 8th. UBS Group boosted their price target on Akamai Technologies from $125.00 to $143.00 and gave the company a "neutral" rating in a research report on Friday, August 7th. HSBC downgraded Akamai Technologies from a "buy" rating to a "hold" rating and reduced their price objective for the company from $171.00 to $123.00 in a research note on Monday, August 10th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Akamai Technologies in a research report on Wednesday, June 24th. Finally, Royal Bank Of Canada lowered their target price on Akamai Technologies from $150.00 to $135.00 and set a "sector perform" rating on the stock in a research note on Friday, August 7th. Twelve equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Akamai Technologies presently has an average rating of "Hold" and an average price target of $144.14.

Akamai Technologies Company 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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