1,349,836 Shares in Akamai Technologies, Inc. $AKAM Purchased by Legal & General Group Plc

Legal & General Group Plc purchased a new stake in Akamai Technologies, Inc. (NASDAQ:AKAM) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,349,836 shares of the technology infrastructure company’s stock, valued at approximately $159,564,000. Legal & General Group Plc owned 0.94% of Akamai Technologies as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Contravisory Investment Management Inc. acquired a new stake in Akamai Technologies during the first quarter worth approximately $1,172,000. HighTower Advisors LLC raised its holdings in Akamai Technologies by 132.4% in the 4th quarter. HighTower Advisors LLC now owns 25,960 shares of the technology infrastructure company’s stock valued at $2,265,000 after acquiring an additional 14,792 shares during the last quarter. Leeward Investments LLC MA lifted its stake in shares of Akamai Technologies by 32.6% during the 4th quarter. Leeward Investments LLC MA now owns 148,104 shares of the technology infrastructure company’s stock worth $12,922,000 after purchasing an additional 36,395 shares during the period. Baker Avenue Asset Management LP acquired a new stake in shares of Akamai Technologies during the fourth quarter worth $1,393,000. Finally, Todd Asset Management LLC grew its position in shares of Akamai Technologies by 63.8% in the fourth quarter. Todd Asset Management LLC now owns 429,949 shares of the technology infrastructure company’s stock valued at $37,513,000 after purchasing an additional 167,500 shares during the period. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Kim Salem-Jackson sold 2,300 shares of the company’s 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. This represents a 3.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Robert Blumofe sold 243 shares of the firm’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $129.41, for a total value of $31,446.63. Following the completion of the transaction, the chief technology officer directly owned 31,006 shares in the company, valued at $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 corporate insiders.

Akamai Technologies Stock Up 2.2%

AKAM opened at $108.06 on Thursday. Akamai Technologies, Inc. has a 1 year low of $70.82 and a 1 year high of $165.45. The firm has a 50 day moving average price of $117.68 and a 200 day moving average price of $117.71. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.64 and a current ratio of 1.64. The company has a market cap of $15.53 billion, a PE ratio of 38.87, a price-to-earnings-growth ratio of 4.86 and a beta of 0.63.

Akamai Technologies (NASDAQ:AKAM) last announced its quarterly earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.02. Akamai Technologies had a net margin of 9.51% and a return on equity of 11.32%. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the previous year, the company posted $1.73 earnings per share. Akamai Technologies’s 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. Sell-side analysts expect that Akamai Technologies, Inc. will post 3.67 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Piper Sandler dropped their target price on Akamai Technologies from $156.00 to $140.00 and set a “neutral” rating for the company in a research note on Friday, August 7th. Morgan Stanley lifted their price target on Akamai Technologies from $120.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Royal Bank Of Canada cut their price objective on shares of Akamai Technologies from $150.00 to $135.00 and set a “sector perform” rating on the stock in a report on Friday, August 7th. UBS Group raised their target price on shares of Akamai Technologies from $125.00 to $143.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Finally, Zacks Research upgraded shares of Akamai Technologies from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Twelve investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $144.14.

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.