Perbak Capital Partners LLP Purchases 12,085 Shares of Akamai Technologies, Inc. $AKAM

Perbak Capital Partners LLP increased its position in Akamai Technologies, Inc. (NASDAQ:AKAM) by 194.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 18,289 shares of the technology infrastructure company’s stock after acquiring an additional 12,085 shares during the quarter. Perbak Capital Partners LLP’s holdings in Akamai Technologies were worth $1,386,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. lifted its holdings in Akamai Technologies by 295.3% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 336 shares of the technology infrastructure company’s stock valued at $26,000 after acquiring an additional 251 shares during the period. TD Waterhouse Canada Inc. increased its position in shares of Akamai Technologies by 130.0% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 345 shares of the technology infrastructure company’s stock valued at $26,000 after purchasing an additional 195 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of Akamai Technologies by 566.7% during the 3rd quarter. Smartleaf Asset Management LLC now owns 340 shares of the technology infrastructure company’s stock valued at $26,000 after purchasing an additional 289 shares during the last quarter. Wolff Wiese Magana LLC lifted its stake in shares of Akamai Technologies by 497.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 400 shares of the technology infrastructure company’s stock worth $30,000 after purchasing an additional 333 shares during the period. Finally, Atlantic Union Bankshares Corp bought a new position in shares of Akamai Technologies in the 3rd quarter worth approximately $30,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Akamai Technologies Price Performance

NASDAQ AKAM opened at $107.67 on Friday. Akamai Technologies, Inc. has a 12 month low of $67.51 and a 12 month high of $113.50. The stock has a market cap of $15.61 billion, a price-to-earnings ratio of 34.96, a PEG ratio of 3.56 and a beta of 0.72. The company’s 50 day moving average is $97.79 and its two-hundred day moving average is $86.88. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 0.82.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings results on Thursday, February 19th. The technology infrastructure company reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.09. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.08 billion. Akamai Technologies had a net margin of 10.74% and a return on equity of 13.86%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.66 earnings per share. Akamai Technologies has set its FY 2026 guidance at 6.200-7.200 EPS and its Q1 2026 guidance at 1.500-1.670 EPS. As a group, research analysts anticipate that Akamai Technologies, Inc. will post 4.6 earnings per share for the current year.

Insider Buying and Selling

In other Akamai Technologies news, CFO Edward J. Mcgowan sold 6,560 shares of the stock in a transaction on Monday, December 15th. The stock was sold at an average price of $88.03, for a total value of $577,476.80. Following the completion of the sale, the chief financial officer owned 16,442 shares in the company, valued at approximately $1,447,389.26. This represents a 28.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Laura Howell sold 11,273 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $100.14, for a total value of $1,128,878.22. Following the sale, the chief accounting officer directly owned 12,559 shares in the company, valued at approximately $1,257,658.26. This represents a 47.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 75,834 shares of company stock worth $7,547,034 in the last three months. Corporate insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

AKAM has been the subject of several recent research reports. Oppenheimer boosted their target price on shares of Akamai Technologies from $100.00 to $115.00 and gave the company an “outperform” rating in a research report on Thursday, February 5th. Raymond James Financial set a $120.00 price target on shares of Akamai Technologies in a research report on Thursday. Evercore lifted their price target on shares of Akamai Technologies from $105.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. Jefferies Financial Group downgraded shares of Akamai Technologies to an “underperform” rating in a research report on Monday, December 15th. Finally, Royal Bank Of Canada upped their price objective on Akamai Technologies from $90.00 to $100.00 and gave the stock a “sector perform” rating in a research note on Friday, February 20th. Ten research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $109.89.

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.