Sequoia Financial Advisors LLC Has $11.60 Million Position in Akamai Technologies, Inc. $AKAM

Key Points

• Sequoia Financial Advisors increased its Akamai stake by 263.5% in the second quarter, purchasing 71,147 additional shares to hold 98,149 shares valued at approximately $11.6 million. Institutional investors collectively own 94.28% of the company.
• Akamai beat quarterly expectations with earnings of $1.59 per share versus the $1.57 consensus and revenue of $1.10 billion, up 5.4% year over year. The company issued third-quarter 2026 EPS guidance of $1.60–$1.80.
• The stock opened at $107.13, while analysts maintain a consensus “Hold” rating and an average price target of $141.62. Akamai trades at a relatively high P/E ratio of 38.54, and recent insider activity included selling but no reported purchases.

Sequoia Financial Advisors LLC increased its stake in Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 263.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 98,149 shares of the technology infrastructure company's stock after purchasing an additional 71,147 shares during the period. Sequoia Financial Advisors LLC owned 0.07% of Akamai Technologies worth $11,602,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its stake in shares of Akamai Technologies by 3.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,356 shares of the technology infrastructure company's stock valued at $271,000 after buying an additional 70 shares during the period. Rexford Capital Inc. boosted its holdings in Akamai Technologies by 1.9% in the fourth quarter. Rexford Capital Inc. now owns 5,106 shares of the technology infrastructure company's stock valued at $445,000 after acquiring an additional 93 shares during the last quarter. Root Financial Partners LLC increased its position in Akamai Technologies by 45.8% in the fourth quarter. Root Financial Partners LLC now owns 350 shares of the technology infrastructure company's stock worth $31,000 after purchasing an additional 110 shares during the period. Allworth Financial LP increased its position in Akamai Technologies by 6.3% in the fourth quarter. Allworth Financial LP now owns 2,196 shares of the technology infrastructure company's stock worth $192,000 after purchasing an additional 131 shares during the period. Finally, Tema ETFs LLC raised its holdings in Akamai Technologies by 9.5% during the 2nd quarter. Tema ETFs LLC now owns 1,664 shares of the technology infrastructure company's stock worth $197,000 after purchasing an additional 145 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors.

Akamai Technologies Price Performance

Akamai Technologies stock opened at $107.13 on Friday. 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 firm has a market capitalization of $15.40 billion, a P/E ratio of 38.54, a PEG ratio of 5.11 and a beta of 0.63. The business has a 50-day moving average of $115.39 and a 200-day moving average of $118.07. Akamai Technologies, Inc. has a 1 year low of $70.82 and a 1 year high of $165.45.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last announced its quarterly earnings results 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 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 company posted $1.73 EPS. Akamai Technologies's revenue for the quarter 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. On average, equities analysts anticipate that Akamai Technologies, Inc. will post 3.66 EPS for the current year.

Insider Buying and Selling

In other Akamai Technologies news, CTO Robert Blumofe sold 243 shares of the stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $129.41, for a total value of $31,446.63. Following the sale, the chief technology officer directly owned 31,006 shares in the company, valued at approximately $4,012,486.46. This trade represents a 0.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.30% of the company's stock.

Akamai Technologies News Summary

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

• Positive Sentiment: Expanded MuleSoft collaboration: Akamai announced an expanded integration with MuleSoft that combines Akamai API Security intelligence with MuleSoft’s Agent Fabric. The offering is designed to help enterprises discover and govern APIs, AI agents and MCP servers; more than 20 joint customers are already using the integration. Akamai and MuleSoft Unify Real-Time API Defense and AI Policy Control
• Positive Sentiment: ITV streaming win: ITV selected Akamai TrafficPeak, powered by Hydrolix, to improve real-time monitoring of its ITVX streaming infrastructure during the World Cup. Faster issue detection could help protect service reliability and advertising revenue, although the announcement did not disclose financial terms. ITV Selects Akamai TrafficPeak to Optimize World Cup Streaming
• Positive Sentiment: Favorable investor commentary: Jim Cramer called Akamai “terrific,” while recent conference appearances and commentary kept attention on the company’s faster-growing security and cloud infrastructure operations. Second-quarter security revenue rose 10% year over year and cloud infrastructure revenue increased 39%, according to the supplied analysis. Lightning Round: Akamai is terrific, says Jim Cramer
• Neutral Sentiment: Conference updates: Akamai management appeared at the Citi Global TMT and Goldman Sachs Communacopia + Technology conferences, but the provided entries contain no specific new guidance or material disclosures. Goldman Sachs conference transcript
• Negative Sentiment: Insider selling may weigh on sentiment: The supplied data shows eight insider sales and no purchases during the past six months. This can raise caution among investors, although insider sales do not necessarily indicate a change in business outlook.
• Negative Sentiment: Valuation and profit-taking concerns: Akamai trades at a reported P/E ratio above 38, leaving the stock sensitive to expectations. After its recent advance, investors may be locking in gains while waiting for clearer evidence that cloud and security growth can offset slower legacy delivery operations.

Analyst Ratings Changes

A number of research firms have issued reports on AKAM. Morgan Stanley upped their target price on shares of Akamai Technologies from $120.00 to $165.00 and gave the company an "overweight" rating in a research report on Thursday, May 14th. Susquehanna dropped their price target on shares of Akamai Technologies from $175.00 to $140.00 and set a "positive" rating for the company in a research note on Monday, August 10th. Guggenheim increased their price objective on shares of Akamai Technologies from $181.00 to $190.00 and gave the company a "buy" rating in a report on Friday, August 7th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Akamai Technologies in a research note on Wednesday, June 24th. Finally, Royal Bank Of Canada reduced their price objective on shares of 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. Thirteen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $141.62.

Akamai Technologies Company Profile

Akamai Technologies, Inc is a global technology company that provides cloud computing, content delivery and cybersecurity services. Its distributed platform helps businesses deliver websites, applications, software downloads, video and other digital content with improved speed, availability and scalability.

The company's offerings include content delivery and edge computing services, cloud infrastructure, web and application performance solutions, and security products designed to protect applications, application programming interfaces, networks and users from cyber threats.

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