Palouse Capital Management Inc. Has $191,000 Holdings in Akamai Technologies, Inc. $AKAM

Palouse Capital Management Inc. cut its holdings in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 93.9% in the second quarter, HoldingsChannel reports. The fund owned 1,613 shares of the technology infrastructure company’s stock after selling 24,981 shares during the quarter. Palouse Capital Management Inc.’s holdings in Akamai Technologies were worth $191,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. First Trust Advisors LP increased its holdings in shares of 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 valued at $589,112,000 after purchasing an additional 957,345 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Akamai Technologies by 11.2% during the first quarter. Dimensional Fund Advisors LP now owns 3,464,793 shares of the technology infrastructure company’s stock worth $397,881,000 after purchasing an additional 349,451 shares during the period. Invesco Ltd. grew its position in Akamai Technologies by 5.8% during the third quarter. Invesco Ltd. now owns 3,239,099 shares of the technology infrastructure company’s stock valued at $245,394,000 after purchasing an additional 177,756 shares in the last quarter. Norges Bank purchased a new position in Akamai Technologies during the fourth quarter valued at approximately $192,959,000. Finally, Alyeska Investment Group L.P. increased its stake in Akamai Technologies by 34.5% in the 4th quarter. Alyeska Investment Group L.P. now owns 2,197,218 shares of the technology infrastructure company’s stock valued at $191,707,000 after buying an additional 563,178 shares during the period. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of Akamai Technologies from $72.00 to $100.00 in a research report on Friday, May 8th. Scotiabank boosted their price target on shares of Akamai Technologies from $120.00 to $180.00 and gave the company a “sector outperform” rating in a report on Friday, May 8th. Raymond James Financial upped their price target on shares of Akamai Technologies from $140.00 to $170.00 in a research note on Monday, May 11th. Piper Sandler reiterated a “neutral” rating and set a $156.00 price objective (up from $114.00) on shares of Akamai Technologies in a report on Friday, May 8th. Finally, Oppenheimer lifted their price objective on Akamai Technologies from $115.00 to $130.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Twelve investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $145.29.

Akamai Technologies News Summary

Here are the key news stories impacting Akamai Technologies this week:

• Positive Sentiment: Q2 earnings and revenue beat estimates: Akamai reported adjusted earnings of $1.59 per share versus the $1.57–$1.58 consensus range, while revenue rose 5.4% year over year to approximately $1.10 billion, ahead of the roughly $1.09 billion forecast. Demand for cloud infrastructure and security services supported the results. Akamai beats quarterly estimates on cloud infrastructure demand
• Positive Sentiment: Guidance exceeded EPS expectations: Akamai projected third-quarter 2026 EPS of $1.60–$1.80, above the $1.56 consensus estimate, and raised or maintained full-year EPS guidance at $6.40–$7.05 versus the $6.15 consensus. Revenue guidance was broadly in line with expectations at $4.4–$4.5 billion for the year. Akamai Technologies beats Q2 earnings and revenue estimates
• Positive Sentiment: Security product momentum: New research on “shadow AI” risks and the expansion of Akamai Workforce Protector reinforce the company’s positioning in enterprise cybersecurity as businesses adopt artificial intelligence. Akamai Research on shadow AI
• Neutral Sentiment: Mixed underlying comparisons: Although revenue grew, quarterly EPS declined from $1.73 a year earlier, highlighting pressure on profitability despite the earnings beat. Akamai Q2 key metrics
• Negative Sentiment: AI investment and balance-sheet concerns remain: Akamai’s large AI infrastructure commitment requires elevated capital expenditures and additional borrowing, potentially weighing on free cash flow, leverage and returns before the investment generates meaningful benefits.
• Negative Sentiment: Insider selling may weigh on sentiment: Reported insider activity showed 21 sales and no purchases over the past six months, including transactions by several senior executives.

Insiders Place Their Bets

In other news, CTO Robert Blumofe sold 243 shares of the firm’s stock in a transaction 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 transaction, the chief technology officer owned 31,006 shares in the company, valued at approximately $4,012,486.46. This trade represents a 0.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kim Salem-Jackson sold 2,300 shares of Akamai Technologies stock in a transaction 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 completion of the sale, the executive vice president directly owned 59,210 shares of the company’s stock, valued at approximately $8,027,099.70. The trade was a 3.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.30% of the stock is currently owned by company insiders.

Akamai Technologies Trading Down 3.0%

NASDAQ:AKAM opened at $118.55 on Friday. The company has a market capitalization of $17.23 billion, a P/E ratio of 39.92, a P/E/G ratio of 5.19 and a beta of 0.63. The stock’s 50 day moving average price is $125.55 and its 200 day moving average price is $115.83. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.06 and a current ratio of 2.06. Akamai Technologies, Inc. has a 52 week low of $69.78 and a 52 week high of $165.45.

Akamai Technologies (NASDAQ:AKAM) last posted its earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.02. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Akamai Technologies had a net margin of 10.20% and a return on equity of 12.96%. The company’s revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.73 earnings per share. 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. On average, research analysts forecast that Akamai Technologies, Inc. will post 3.91 EPS for the current fiscal 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.