SummitTX Capital L.P. Acquires Shares of 52,750 Akamai Technologies, Inc. $AKAM

SummitTX Capital L.P. acquired a new stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 52,750 shares of the technology infrastructure company’s stock, valued at approximately $6,058,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Akamai Technologies in the fourth quarter worth $192,959,000. AQR Capital Management LLC raised its holdings in Akamai Technologies by 522.8% during 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 last quarter. Alyeska Investment Group L.P. boosted its position in Akamai Technologies by 570.0% during 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. Rubric Capital Management LP purchased a new stake in Akamai Technologies during the 4th quarter valued at $104,700,000. Finally, First Trust Advisors LP grew its holdings in Akamai Technologies by 16.5% in 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 acquiring an additional 957,345 shares during the last quarter. Institutional investors own 94.28% of the company’s stock.

Akamai Technologies Stock Down 2.2%

Shares of NASDAQ AKAM opened at $112.85 on Tuesday. The firm has a fifty day simple moving average of $130.17 and a two-hundred day simple moving average of $114.33. Akamai Technologies, Inc. has a 12 month low of $69.78 and a 12 month high of $165.45. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $16.41 billion, a PE ratio of 38.00, a price-to-earnings-growth ratio of 3.62 and a beta of 0.63.

Akamai Technologies (NASDAQ:AKAM) last announced its earnings results on Thursday, May 7th. The technology infrastructure company reported $1.61 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.61. Akamai Technologies had a net margin of 10.20% and a return on equity of 12.96%. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the firm posted $1.70 EPS. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. 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. Equities analysts expect that Akamai Technologies, Inc. will post 3.92 earnings per share for the current year.

Insider Activity

In other Akamai Technologies news, EVP Kim Salem-Jackson sold 2,300 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The shares were 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 in the company, valued at $8,027,099.70. This trade represents a 3.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 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 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 sale, the chief technology officer directly owned 31,006 shares in the company, valued at approximately $4,012,486.46. The trade was 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. Company insiders own 2.30% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on AKAM shares. Bank of America upgraded shares of Akamai Technologies from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $130.00 to $175.00 in a research report on Wednesday, May 13th. Scotiabank increased their target price 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. Morgan Stanley raised their target price on Akamai Technologies from $120.00 to $165.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. Guggenheim boosted their price target on Akamai Technologies from $133.00 to $181.00 and gave the company a “buy” rating in a report on Friday, May 8th. Finally, Royal Bank Of Canada upped their price target on Akamai Technologies from $100.00 to $150.00 and gave the company a “sector perform” rating in a research report on Friday, May 8th. Twelve analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $145.29.

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.