Pingora Partners LLC Takes Position in Akamai Technologies, Inc. $AKAM

Pingora Partners LLC bought a new position in Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 11,282 shares of the technology infrastructure company's stock, valued at approximately $1,334,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Contravisory Investment Management Inc. purchased a new position in Akamai Technologies during the first quarter valued at $1,172,000. HighTower Advisors LLC grew its position in shares of Akamai Technologies by 132.4% during the fourth 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 in the last quarter. Leeward Investments LLC MA increased its holdings in shares of Akamai Technologies by 32.6% in the fourth quarter. Leeward Investments LLC MA now owns 148,104 shares of the technology infrastructure company's stock worth $12,922,000 after purchasing an additional 36,395 shares during the last quarter. Baker Avenue Asset Management LP purchased a new position in Akamai Technologies during the 4th quarter valued at approximately $1,393,000. Finally, Todd Asset Management LLC increased its stake in Akamai Technologies by 63.8% in the 4th quarter. Todd Asset Management LLC now owns 429,949 shares of the technology infrastructure company's stock worth $37,513,000 after acquiring an additional 167,500 shares during the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AKAM has been the subject of a number of recent research reports. Weiss Ratings reissued a "hold (c)" rating on shares of Akamai Technologies in a report on Wednesday, June 24th. TD Cowen lifted their price objective on shares of Akamai Technologies from $135.00 to $140.00 and gave the stock a "hold" rating in a research note on Friday, August 7th. The Goldman Sachs Group boosted their target price on shares of Akamai Technologies from $76.00 to $87.00 and gave the stock a "sell" rating in a report on Friday, May 8th. Morgan Stanley increased their price target on shares of Akamai Technologies from $120.00 to $165.00 and gave the company an "overweight" rating in a report on Thursday, May 14th. Finally, JPMorgan Chase & Co. upgraded Akamai Technologies from an "underweight" rating to a "neutral" rating and lifted their price target for the stock from $132.00 to $158.00 in a research report on Thursday, August 13th. Twelve research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $144.14.

Akamai Technologies Stock Performance

Shares of NASDAQ:AKAM opened at $108.06 on Thursday. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $15.53 billion, a price-to-earnings ratio of 38.87, a PEG ratio of 4.86 and a beta of 0.63. Akamai Technologies, Inc. has a 12 month low of $70.82 and a 12 month high of $165.45. The firm's 50-day moving average is $117.68 and its 200 day moving average is $117.71.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last released its earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 EPS for the quarter, beating 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 firm had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.09 billion. During the same quarter in the prior year, the firm posted $1.73 earnings per share. The company's quarterly revenue 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. Research analysts predict that Akamai Technologies, Inc. will post 3.67 EPS for the current year.

Insider Activity

In other Akamai Technologies news, EVP Kim Salem-Jackson sold 2,300 shares of the company's stock in a transaction dated 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 in the company, valued at $8,027,099.70. This represents a 3.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Robert Blumofe sold 243 shares of Akamai Technologies stock in a transaction that occurred on 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 directly owned 31,006 shares of the company's stock, valued at $4,012,486.46. This represents a 0.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.30% of the stock is 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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