Ieq Capital LLC Makes New Investment in Akamai Technologies, Inc. $AKAM

Ieq Capital LLC purchased a new position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 93,152 shares of the technology infrastructure company’s stock, valued at approximately $11,011,000. Ieq Capital LLC owned approximately 0.06% of Akamai Technologies as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new stake in Akamai Technologies during the 4th quarter worth approximately $192,959,000. Edmond DE Rothschild Holding S.A. acquired a new stake in Akamai Technologies during the 2nd quarter worth approximately $222,046,000. AQR Capital Management LLC boosted its position in Akamai Technologies by 522.8% in the 3rd 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 period. Alyeska Investment Group L.P. boosted its position in Akamai Technologies by 570.0% in the 3rd 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 period. Finally, Rubric Capital Management LP acquired a new position in shares of Akamai Technologies in the fourth quarter worth $104,700,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Akamai Technologies Trading Up 0.3%

NASDAQ AKAM opened at $110.42 on Friday. The firm’s fifty day moving average price is $119.17 and its 200 day moving average price is $117.26. Akamai Technologies, Inc. has a 12 month low of $70.82 and a 12 month high of $165.45. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.64 and a quick ratio of 1.64. The company has a market capitalization of $15.87 billion, a price-to-earnings ratio of 39.72, a price-to-earnings-growth ratio of 5.03 and a beta of 0.63.

Akamai Technologies (NASDAQ:AKAM) 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 firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the previous year, the company earned $1.73 earnings per share. Akamai Technologies’s quarterly revenue was up 5.4% compared to the same quarter last year. 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 expect that Akamai Technologies, Inc. will post 3.67 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Zacks Research raised Akamai Technologies from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Morgan Stanley lifted their target price on Akamai Technologies from $120.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. The Goldman Sachs Group boosted their target price on Akamai Technologies from $76.00 to $87.00 and gave the stock a “sell” rating in a research note on Friday, May 8th. Piper Sandler cut their price target on Akamai Technologies from $156.00 to $140.00 and set a “neutral” rating on the stock in a report on Friday, August 7th. Finally, Citigroup increased their price target on Akamai Technologies from $110.00 to $160.00 and gave the company a “neutral” rating in a research report on Friday, May 15th. Twelve research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Akamai Technologies has a consensus rating of “Hold” and an average target price of $144.14.

Insider Transactions at Akamai Technologies

In other news, EVP Kim Salem-Jackson sold 2,300 shares of the business’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $135.57, for a total value of $311,811.00. Following the completion of the sale, the executive vice president directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 completion of the sale, the chief technology officer directly owned 31,006 shares of the company’s stock, valued at $4,012,486.46. The trade was a 0.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.30% of the stock is currently 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.