Tidal Investments LLC Increases Stock Position in Akamai Technologies, Inc. $AKAM

Key Points

• Tidal Investments increased its Akamai position by 328.9% in the second quarter, bringing its holdings to 181,197 shares valued at approximately $21.4 million. Institutional investors and hedge funds collectively own 94.28% of the company.
• Akamai reported quarterly EPS of $1.59, exceeding estimates of $1.57, while revenue rose 5.4% year over year to $1.10 billion. The company guided for third-quarter 2026 EPS of $1.60–$1.80 and full-year EPS of $6.40–$7.05.
• Analyst sentiment remains mixed, with 13 Buy, nine Hold and two Sell ratings, producing an overall Hold consensus and an average price target of $141.62. Shares opened at $107.13, while recent insider activity showed selling but no purchases in the past six months.

Tidal Investments LLC increased its holdings in shares of Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) by 328.9% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 181,197 shares of the technology infrastructure company's stock after purchasing an additional 138,950 shares during the quarter. Tidal Investments LLC owned 0.13% of Akamai Technologies worth $21,419,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the company. California State Teachers Retirement System boosted its position in Akamai Technologies by 11,945.9% in the 2nd quarter. California State Teachers Retirement System now owns 20,219,939 shares of the technology infrastructure company's stock valued at $2,390,199,000 after buying an additional 20,052,082 shares during the last quarter. First Trust Advisors LP grew its position in shares of Akamai Technologies by 16.5% in the 4th quarter. First Trust Advisors LP now owns 6,752,000 shares of the technology infrastructure company's stock worth $589,112,000 after acquiring an additional 957,345 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Akamai Technologies by 11.2% during the first quarter. Dimensional Fund Advisors LP now owns 3,464,793 shares of the technology infrastructure company's stock valued at $397,881,000 after purchasing an additional 349,451 shares during the last quarter. Invesco Ltd. grew its position in shares of Akamai Technologies by 5.8% during the 3rd quarter. Invesco Ltd. now owns 3,239,099 shares of the technology infrastructure company's stock valued at $245,394,000 after buying an additional 177,756 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Akamai Technologies during the 4th quarter worth approximately $192,959,000. 94.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on AKAM shares. Royal Bank Of Canada cut 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 report on Friday, August 7th. TD Cowen raised their target price on Akamai Technologies from $135.00 to $140.00 and gave the company a "hold" rating in a research note on Friday, August 7th. UBS Group lifted their price target on shares of Akamai Technologies from $125.00 to $143.00 and gave the stock a "neutral" rating in a research report on Friday, August 7th. Susquehanna dropped their price target on Akamai Technologies from $175.00 to $140.00 and set a "positive" rating on the stock in a research note on Monday, August 10th. Finally, Citigroup cut their target price on shares of Akamai Technologies from $160.00 to $122.00 and set a "neutral" rating on the stock in a research note on Friday, September 4th. Thirteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $141.62.

Insider Activity

In related news, CTO Robert Blumofe sold 243 shares of the business's stock in a transaction 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 transaction, the chief technology officer 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.30% of the company's stock.

Trending Headlines about Akamai Technologies

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.

Akamai Technologies Stock Down 3.3%

Shares of AKAM stock opened at $107.13 on Friday. The stock's 50 day simple moving average is $115.39 and its 200 day simple moving average is $118.07. 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 twelve month low of $70.82 and a twelve month high of $165.45. The company has a market capitalization of $15.40 billion, a price-to-earnings ratio of 38.54, a PEG ratio of 5.11 and a beta of 0.63.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last posted its earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.57 by $0.02. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. Akamai Technologies had a net margin of 9.51% and a return on equity of 11.32%. Akamai Technologies's revenue was up 5.4% compared to the same quarter last year. During the same period last year, the business posted $1.73 EPS. 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 year.

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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