Rakuten Investment Management Inc. Takes $1.75 Million Position in Akamai Technologies, Inc. $AKAM

Key Points

• Rakuten Investment Management purchased 15,414 Akamai Technologies shares worth approximately $1.75 million in the second quarter. Other institutional investors also initiated positions, and institutions now own 94.28% of the company.
• Akamai exceeded quarterly expectations with $1.59 in earnings per share versus a $1.57 consensus estimate and $1.10 billion in revenue, up 5.4% year over year. The company issued third-quarter 2026 EPS guidance of $1.60–$1.80.
• 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.

Rakuten Investment Management Inc. bought a new position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 15,414 shares of the technology infrastructure company's stock, valued at approximately $1,754,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in AKAM. North Star Asset Management Inc. acquired a new position in Akamai Technologies during the 2nd quarter valued at about $9,402,000. Empowered Funds LLC purchased a new stake in shares of Akamai Technologies in the second quarter worth approximately $11,124,000. United Capital Financial Advisors LLC purchased a new stake in shares of Akamai Technologies in the second quarter worth approximately $702,000. Centaurus Financial Inc. bought a new position in shares of Akamai Technologies in the second quarter valued at approximately $105,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Akamai Technologies in the second quarter valued at approximately $5,235,000. Institutional investors and hedge funds own 94.28% of the company's stock.

Akamai Technologies Stock Performance

AKAM stock opened at $107.47 on Monday. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.23. The firm has a market cap of $15.45 billion, a PE ratio of 38.66, a P/E/G ratio of 4.95 and a beta of 0.63. The business has a 50 day moving average of $117.06 and a 200-day moving average of $117.92. Akamai Technologies, Inc. has a 12-month low of $70.82 and a 12-month 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 for the quarter, topping the consensus estimate of $1.57 by $0.02. The business had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.09 billion. Akamai Technologies had a return on equity of 11.32% and a net margin of 9.51%.The business's revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.73 earnings per share. 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, sell-side analysts expect that Akamai Technologies, Inc. will post 3.66 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on AKAM shares. Craig Hallum upgraded Akamai Technologies from a "hold" rating to a "buy" rating and set a $190.00 price target for the company in a report on Friday, May 8th. Bank of America upgraded Akamai Technologies from a "neutral" rating to a "buy" rating and raised their price objective for the company from $130.00 to $175.00 in a research note on Wednesday, May 13th. JPMorgan Chase & Co. raised shares of Akamai Technologies from an "underweight" rating to a "neutral" rating and lifted their price objective for the stock from $132.00 to $158.00 in a report on Thursday, August 13th. Royal Bank Of Canada reduced their target price on shares of 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, Weiss Ratings reiterated a "hold (c)" rating on shares of Akamai Technologies in a report on Wednesday, June 24th. 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 company's stock. Based on data from MarketBeat.com, Akamai Technologies presently has an average rating of "Hold" and an average price target of $144.14.

More Akamai Technologies News

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.

Insiders Place Their Bets

In related news, CTO Robert Blumofe sold 243 shares of the business's stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $129.41, for a total value of $31,446.63. Following the transaction, the chief technology officer directly 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 dated Wednesday, June 10th. The shares were sold at an average price of $135.57, for a total transaction of $311,811.00. Following the transaction, the executive vice president owned 59,210 shares of the company's stock, valued at approximately $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. Insiders own 2.30% of the company's stock.

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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