Akamai Technologies, Inc. $AKAM Shares Bought by Kettle Hill Capital Management LLC

Kettle Hill Capital Management LLC increased its holdings in Akamai Technologies, Inc. (NASDAQ:AKAM) by 63.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 133,688 shares of the technology infrastructure company’s stock after buying an additional 51,996 shares during the period. Akamai Technologies accounts for about 2.6% of Kettle Hill Capital Management LLC’s portfolio, making the stock its 14th biggest position. Kettle Hill Capital Management LLC’s holdings in Akamai Technologies were worth $11,664,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Assetmark Inc. increased its holdings in Akamai Technologies by 31.8% in the 4th quarter. Assetmark Inc. now owns 444 shares of the technology infrastructure company’s stock worth $39,000 after buying an additional 107 shares during the period. Root Financial Partners LLC increased its holdings in Akamai Technologies by 45.8% in 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 period. Perigon Wealth Management LLC increased its holdings 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 worth $480,000 after buying an additional 115 shares during the period. Allworth Financial LP increased its holdings in Akamai Technologies by 6.3% in the 4th quarter. Allworth Financial LP now owns 2,196 shares of the technology infrastructure company’s stock worth $192,000 after buying an additional 131 shares during the period. Finally, Siemens Fonds Invest GmbH increased its holdings in Akamai Technologies by 8.3% in the 3rd quarter. Siemens Fonds Invest GmbH now owns 2,043 shares of the technology infrastructure company’s stock worth $155,000 after buying an additional 156 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.

Insider Buying and Selling

In related news, EVP Kim Salem-Jackson sold 2,300 shares of the stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $135.57, for a total value of $311,811.00. Following the completion of the transaction, the executive vice president directly owned 59,210 shares of the company’s stock, valued at approximately $8,027,099.70. This represents a 3.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.30% of the company’s stock.

Akamai Technologies Trading Up 0.5%

Shares of NASDAQ:AKAM opened at $134.20 on Tuesday. Akamai Technologies, Inc. has a 1 year low of $69.78 and a 1 year high of $165.45. The firm has a market capitalization of $19.51 billion, a price-to-earnings ratio of 45.19, a price-to-earnings-growth ratio of 4.17 and a beta of 0.59. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.06 and a quick ratio of 2.06. The business’s 50 day moving average price is $126.76 and its 200-day moving average price is $107.43.

Akamai Technologies (NASDAQ:AKAM) last announced its earnings results 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. Akamai Technologies had a return on equity of 12.96% and a net margin of 10.20%.The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the firm posted $1.70 EPS. The business’s revenue was up 5.8% on a year-over-year basis. 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. On average, equities research analysts forecast that Akamai Technologies, Inc. will post 3.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AKAM. Bank of America upgraded shares of Akamai Technologies from a “neutral” rating to a “buy” rating and increased their price target for the stock from $130.00 to $175.00 in a report on Wednesday, May 13th. The Goldman Sachs Group upped their price objective on Akamai Technologies from $76.00 to $87.00 and gave the stock a “sell” rating in a research report on Friday, May 8th. KeyCorp upped their price objective on Akamai Technologies from $115.00 to $120.00 and gave the stock an “overweight” rating in a research report on Friday, February 20th. Susquehanna upped their price objective on Akamai Technologies from $120.00 to $175.00 and gave the stock a “positive” rating in a research report on Monday, May 11th. Finally, TD Cowen lowered their price objective on Akamai Technologies from $104.00 to $100.00 and set a “hold” rating on the stock in a research report on Friday, February 20th. Twelve investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Akamai Technologies presently has an average rating of “Hold” and a consensus target price of $145.29.

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.