Kettle Hill Capital Management LLC Takes Position in Akamai Technologies, Inc. $AKAM

Kettle Hill Capital Management LLC bought a new stake in Akamai Technologies, Inc. (NASDAQ:AKAM) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 81,692 shares of the technology infrastructure company’s stock, valued at approximately $6,189,000. Akamai Technologies comprises 1.4% of Kettle Hill Capital Management LLC’s portfolio, making the stock its 26th largest position. Kettle Hill Capital Management LLC owned 0.06% of Akamai Technologies at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AKAM. Whittier Trust Co. of Nevada Inc. boosted its position in Akamai Technologies by 295.3% during 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 last quarter. TD Waterhouse Canada Inc. lifted its stake in shares of Akamai Technologies by 130.0% in 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 period. Smartleaf Asset Management LLC lifted its stake in shares of Akamai Technologies by 566.7% in 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 period. Wolff Wiese Magana LLC boosted its position in shares of Akamai Technologies by 497.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 400 shares of the technology infrastructure company’s stock valued at $30,000 after purchasing an additional 333 shares in the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new stake in Akamai Technologies during the third quarter worth approximately $30,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Insider Activity

In related news, EVP Mani Sundaram sold 8,642 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $101.25, for a total value of $875,002.50. Following the sale, the executive vice president owned 19,923 shares in the company, valued at $2,017,203.75. This represents a 30.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jon Miller sold 11,000 shares of Akamai Technologies stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $102.67, for a total value of $1,129,370.00. Following the transaction, the director owned 22,806 shares of the company’s stock, valued at $2,341,492.02. This trade represents a 32.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 69,274 shares of company stock valued at $6,969,557. 2.00% of the stock is currently owned by insiders.

Akamai Technologies Trading Up 2.1%

NASDAQ AKAM opened at $107.67 on Monday. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.82. Akamai Technologies, Inc. has a 52 week low of $67.51 and a 52 week high of $113.50. The business has a 50 day moving average price of $97.79 and a 200-day moving average price of $87.01. The company has a market cap of $15.61 billion, a price-to-earnings ratio of 34.96, a P/E/G ratio of 3.63 and a beta of 0.72.

Akamai Technologies (NASDAQ:AKAM) last issued its earnings results on Thursday, February 19th. The technology infrastructure company reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.09. The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Akamai Technologies had a return on equity of 13.86% and a net margin of 10.74%.Akamai Technologies’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period last year, the business earned $1.66 EPS. 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, equities analysts expect that Akamai Technologies, Inc. will post 4.6 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AKAM. DA Davidson increased their price target on Akamai Technologies from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Morgan Stanley boosted their target price on shares of Akamai Technologies from $115.00 to $120.00 and gave the company an “overweight” rating in a research report on Friday, February 20th. Royal Bank Of Canada increased their target price on shares of Akamai Technologies from $90.00 to $100.00 and gave the stock a “sector perform” rating in a research note on Friday, February 20th. Raymond James Financial set a $120.00 price target on shares of Akamai Technologies in a report on Thursday. Finally, The Goldman Sachs Group lifted their price target on shares of Akamai Technologies from $69.00 to $76.00 and gave the company a “sell” 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 issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target 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.