Manatuck Hill Partners LLC Purchases Shares of 10,000 Akamai Technologies, Inc. $AKAM

Manatuck Hill Partners LLC purchased a new position in Akamai Technologies, Inc. (NASDAQ:AKAM) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 10,000 shares of the technology infrastructure company’s stock, valued at approximately $1,182,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Norges Bank bought a new position in Akamai Technologies during the fourth quarter valued at approximately $192,959,000. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Akamai Technologies during the 2nd quarter worth approximately $222,046,000. AQR Capital Management LLC raised its holdings in shares of 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 worth $153,061,000 after acquiring an additional 1,695,937 shares in the last quarter. William Blair Investment Management LLC bought a new position in shares of Akamai Technologies during the 2nd quarter valued at approximately $181,508,000. Finally, Alyeska Investment Group L.P. boosted its position in shares of 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 acquiring an additional 1,390,167 shares during the last quarter. Institutional investors own 94.28% of the company’s stock.

Insider Buying and Selling

In other Akamai Technologies 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 sale, the executive vice president 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 on Thursday, June 18th. The stock was sold at an average price of $129.41, for a total value of $31,446.63. Following the sale, the chief technology officer owned 31,006 shares of the company’s stock, valued at approximately $4,012,486.46. This trade represents 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. 2.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on AKAM shares. Weiss Ratings restated a “hold (c)” rating on shares of Akamai Technologies in a research report on Wednesday, June 24th. Citigroup lifted their price objective on shares of Akamai Technologies from $110.00 to $160.00 and gave the stock a “neutral” rating in a research note on Friday, May 15th. The Goldman Sachs Group boosted their target price on shares of Akamai Technologies from $76.00 to $87.00 and gave the stock a “sell” rating in a report on Friday, May 8th. Scotiabank upped their target price on shares of Akamai Technologies from $120.00 to $180.00 and gave the company a “sector outperform” rating in a research report on Friday, May 8th. Finally, Royal Bank Of Canada lowered their price target on shares of Akamai Technologies from $150.00 to $135.00 and set a “sector perform” rating for the company in a report on Friday, August 7th. Twelve equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $144.14.

Akamai Technologies Stock Performance

Shares of NASDAQ:AKAM opened at $105.74 on Wednesday. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.23. Akamai Technologies, Inc. has a 12 month low of $70.82 and a 12 month high of $165.45. The company has a market capitalization of $15.20 billion, a price-to-earnings ratio of 38.04, a PEG ratio of 4.85 and a beta of 0.63. The firm’s 50-day moving average is $118.07 and its 200 day moving average is $117.60.

Akamai Technologies (NASDAQ:AKAM) last announced its quarterly earnings data on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.02. Akamai Technologies had a net margin of 9.51% and a return on equity of 11.32%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the firm earned $1.73 earnings per share. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. 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. Research analysts predict that Akamai Technologies, Inc. will post 3.67 EPS for the current 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.