Lightrock Netherlands B.V. Cuts Holdings in Akamai Technologies, Inc. $AKAM

Lightrock Netherlands B.V. decreased its position in Akamai Technologies, Inc. (NASDAQ:AKAM) by 35.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 170,470 shares of the technology infrastructure company’s stock after selling 91,926 shares during the period. Akamai Technologies accounts for 2.0% of Lightrock Netherlands B.V.’s investment portfolio, making the stock its 12th biggest holding. Lightrock Netherlands B.V.’s holdings in Akamai Technologies were worth $19,578,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of AKAM. Rexford Capital Inc. increased its position in shares of Akamai Technologies by 1.9% during 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. Assetmark Inc. boosted its position in Akamai Technologies by 31.8% in the fourth quarter. Assetmark Inc. now owns 444 shares of the technology infrastructure company’s stock worth $39,000 after purchasing an additional 107 shares during the last quarter. Root Financial Partners LLC boosted 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 last quarter. Perigon Wealth Management LLC grew its stake in Akamai Technologies by 2.1% in the 4th quarter. Perigon Wealth Management LLC now owns 5,502 shares of the technology infrastructure company’s stock valued at $480,000 after purchasing an additional 115 shares during the period. Finally, Allworth Financial LP increased its position in shares of Akamai Technologies by 6.3% during the 4th quarter. Allworth Financial LP now owns 2,196 shares of the technology infrastructure company’s stock valued at $192,000 after purchasing an additional 131 shares during the last quarter. Institutional investors own 94.28% of the company’s stock.

Akamai Technologies Stock Down 1.0%

AKAM stock opened at $118.81 on Friday. The stock has a fifty day moving average of $134.78 and a 200-day moving average of $112.73. Akamai Technologies, Inc. has a fifty-two week low of $69.78 and a fifty-two week high of $165.45. The company has a market capitalization of $17.27 billion, a price-to-earnings ratio of 40.00, a PEG ratio of 3.76 and a beta of 0.63. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.06 and a current ratio of 2.06.

Akamai Technologies (NASDAQ:AKAM) last announced its quarterly earnings data on Thursday, May 7th. The technology infrastructure company reported $1.61 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.61. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Akamai Technologies had a return on equity of 12.96% and a net margin of 10.20%.The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.70 EPS. Akamai Technologies has set its FY 2026 guidance at 6.400-7.150 EPS and its Q2 2026 guidance at 1.450-1.650 EPS. As a group, equities research analysts predict that Akamai Technologies, Inc. will post 3.92 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Citigroup lifted their target price on Akamai Technologies from $110.00 to $160.00 and gave the stock a “neutral” rating in a research note on Friday, May 15th. Scotiabank raised their price objective on shares of Akamai Technologies from $120.00 to $180.00 and gave the stock a “sector outperform” rating in a report on Friday, May 8th. Craig Hallum raised shares of Akamai Technologies from a “hold” rating to a “buy” rating and set a $190.00 price objective on the stock in a research report on Friday, May 8th. Evercore assumed coverage on shares of Akamai Technologies in a research note on Tuesday, April 14th. They issued an “outperform” rating and a $130.00 target price on the stock. Finally, Bank of America upgraded shares of Akamai Technologies from a “neutral” rating to a “buy” rating and raised their price target for the stock from $130.00 to $175.00 in a research note on Wednesday, May 13th. Twelve equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Akamai Technologies presently has a consensus rating of “Hold” and a consensus price target of $145.29.

Insider Activity at Akamai Technologies

In related news, CTO Robert Blumofe sold 243 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief technology officer directly 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 business’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $135.57, for a total transaction of $311,811.00. Following the sale, the executive vice president directly owned 59,210 shares in the company, valued at $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 Company 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.