North Star Asset Management Inc. Acquires Shares of 79,539 Akamai Technologies, Inc. $AKAM

North Star Asset Management Inc. bought a new position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 79,539 shares of the technology infrastructure company’s stock, valued at approximately $9,402,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Sarver Vrooman Wealth Advisors bought a new position in shares of Akamai Technologies in the 4th quarter valued at $31,000. Root Financial Partners LLC lifted its position in shares of Akamai Technologies by 45.8% during the 4th quarter. Root Financial Partners LLC now owns 350 shares of the technology infrastructure company’s stock worth $31,000 after buying an additional 110 shares during the last quarter. Silvant Capital Management LLC acquired a new stake in Akamai Technologies in the second quarter valued at about $32,000. CYBER HORNET ETFs LLC acquired a new stake in Akamai Technologies in the second quarter valued at about $32,000. Finally, Align Financial LLC bought a new position in Akamai Technologies in the fourth quarter valued at about $34,000. 94.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AKAM has been the subject of several research analyst reports. TD Cowen boosted their target price on Akamai Technologies from $135.00 to $140.00 and gave the stock a “hold” rating in a research note on Friday, August 7th. Guggenheim lifted their price target 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. Raymond James Financial upped their price objective on shares of Akamai Technologies from $140.00 to $170.00 in a research report on Monday, May 11th. Piper Sandler dropped their price objective on shares of Akamai Technologies from $156.00 to $140.00 and set a “neutral” rating for the company in a research note on Friday, August 7th. Finally, UBS Group raised their target price on shares of Akamai Technologies from $125.00 to $143.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Twelve equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $144.14.

Insider Activity at Akamai Technologies

In other Akamai Technologies news, EVP Kim Salem-Jackson sold 2,300 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at $8,027,099.70. The trade was a 3.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 company’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 transaction of $31,446.63. Following the completion of the transaction, 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. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.30% of the stock is owned by company insiders.

Akamai Technologies Price Performance

Akamai Technologies stock opened at $111.24 on Friday. The stock has a 50-day moving average price of $117.41 and a two-hundred day moving average price of $117.83. Akamai Technologies, Inc. has a 12 month low of $70.82 and a 12 month high of $165.45. The company has a market capitalization of $15.99 billion, a PE ratio of 40.01, a P/E/G ratio of 4.96 and a beta of 0.63. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.23.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.02. Akamai Technologies had a return on equity of 11.32% and a net margin of 9.51%.The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the previous year, the business posted $1.73 earnings per share. The business’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. Analysts expect that Akamai Technologies, Inc. will post 3.67 EPS for the current year.

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.