Wealthfront Advisers LLC Buys New Holdings in Akamai Technologies, Inc. $AKAM

Wealthfront Advisers LLC purchased a new position in Akamai Technologies, Inc. (NASDAQ:AKAM) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,902 shares of the technology infrastructure company’s stock, valued at approximately $698,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AKAM. Norges Bank purchased a new stake in shares of Akamai Technologies during the 4th quarter worth $192,959,000. AQR Capital Management LLC increased its holdings in Akamai Technologies by 522.8% in the third quarter. AQR Capital Management LLC now owns 2,020,346 shares of the technology infrastructure company’s stock valued at $153,061,000 after buying an additional 1,695,937 shares during the last quarter. Alyeska Investment Group L.P. increased its holdings in Akamai Technologies by 570.0% in the third quarter. Alyeska Investment Group L.P. now owns 1,634,040 shares of the technology infrastructure company’s stock valued at $123,795,000 after buying an additional 1,390,167 shares during the last quarter. Rubric Capital Management LP acquired a new stake in Akamai Technologies in the fourth quarter valued at $104,700,000. Finally, First Trust Advisors LP lifted its holdings in Akamai Technologies by 16.5% during 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 buying an additional 957,345 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Wall Street Analysts Forecast Growth

AKAM has been the subject of several analyst reports. TD Cowen upped their price objective on Akamai Technologies from $135.00 to $140.00 and gave the stock a “hold” rating in a research report on Friday, August 7th. HSBC lowered Akamai Technologies from a “buy” rating to a “hold” rating and cut their target price for the stock from $171.00 to $123.00 in a research report on Monday, August 10th. Morgan Stanley upped their price target on Akamai Technologies from $120.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Akamai Technologies in a research note on Wednesday, June 24th. Finally, JPMorgan Chase & Co. raised shares of Akamai Technologies from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $132.00 to $158.00 in a report on Thursday, August 13th. Twelve equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $144.14.

Insider Activity

In related news, 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 transaction of $311,811.00. Following the sale, the executive vice president owned 59,210 shares of the company’s stock, valued at $8,027,099.70. This trade represents a 3.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 dated Thursday, June 18th. The stock was sold at an average price of $129.41, for a total transaction of $31,446.63. Following the sale, the chief technology officer owned 31,006 shares of the company’s stock, valued at approximately $4,012,486.46. This trade represents a 0.78% decrease in their ownership of the stock. 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.

Akamai Technologies Stock Performance

Shares of AKAM opened at $110.42 on Friday. 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 stock has a market capitalization of $15.87 billion, a P/E ratio of 39.72, a P/E/G ratio of 5.01 and a beta of 0.63. The company’s fifty day moving average is $119.17 and its two-hundred day moving average is $117.26. Akamai Technologies, Inc. has a 1 year low of $70.82 and a 1 year high of $165.45.

Akamai Technologies (NASDAQ:AKAM) last issued its earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the business posted $1.73 EPS. The company’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, sell-side analysts predict that Akamai Technologies, Inc. will post 3.7 earnings per share for the current year.

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.