640,000 Shares in Akamai Technologies, Inc. $AKAM Bought by Senator Investment Group LP

Senator Investment Group LP purchased a new position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 640,000 shares of the technology infrastructure company’s stock, valued at approximately $75,654,000. Akamai Technologies makes up approximately 2.8% of Senator Investment Group LP’s portfolio, making the stock its 11th biggest position.

Other hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its position in Akamai Technologies by 3.1% during the first quarter. EverSource Wealth Advisors LLC now owns 2,356 shares of the technology infrastructure company’s stock worth $271,000 after purchasing an additional 70 shares during the period. Rexford Capital Inc. raised its position in shares of Akamai Technologies by 1.9% in the fourth quarter. Rexford Capital Inc. now owns 5,106 shares of the technology infrastructure company’s stock valued at $445,000 after purchasing an additional 93 shares during the period. Root Financial Partners LLC lifted its stake in shares of Akamai Technologies by 45.8% in the fourth 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 last quarter. Allworth Financial LP lifted its stake in shares of Akamai Technologies by 6.3% in the fourth 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 last quarter. Finally, Tema ETFs LLC boosted its holdings in shares of Akamai Technologies by 9.5% during the 2nd quarter. Tema ETFs LLC now owns 1,664 shares of the technology infrastructure company’s stock worth $197,000 after buying an additional 145 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.

Insider Transactions at Akamai Technologies

In other news, EVP Kim Salem-Jackson sold 2,300 shares of Akamai Technologies stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $135.57, for a total transaction of $311,811.00. Following the sale, the executive vice president directly owned 59,210 shares in the company, valued at approximately $8,027,099.70. The trade was a 3.74% decrease in their position. The sale was disclosed in a legal filing 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 company’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $129.41, for a total transaction of $31,446.63. Following the completion of the sale, the chief technology officer directly owned 31,006 shares in the company, valued at approximately $4,012,486.46. The trade was a 0.78% decrease in their position. 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.

Akamai Technologies Stock Performance

Shares of NASDAQ AKAM opened at $107.47 on Monday. The firm has a market capitalization of $15.45 billion, a price-to-earnings ratio of 38.66, a PEG ratio of 4.95 and a beta of 0.63. Akamai Technologies, Inc. has a one year low of $70.82 and a one year high of $165.45. The business has a fifty day simple moving average of $117.06 and a 200 day simple moving average of $117.92. 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 (NASDAQ:AKAM) last posted its quarterly earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.02. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. Akamai Technologies had a net margin of 9.51% and a return on equity of 11.32%. The business’s revenue was up 5.4% compared to the same quarter last year. During the same quarter 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. Sell-side analysts expect that Akamai Technologies, Inc. will post 3.66 EPS for the current year.

Key Headlines Impacting Akamai Technologies

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

• Positive Sentiment: Zacks raised its EPS forecasts for Q3 2026 to $1.00 from $0.99, Q4 2026 to $1.12 from $1.07, Q1 2027 to $0.87 from $0.79, Q4 2027 to $1.09 from $1.08, and Q1 2028 to $1.03 from $1.02. These revisions provide some support for the near-term earnings outlook. Akamai Technologies analyst estimates
• Neutral Sentiment: Implied volatility for Akamai stock options has surged, indicating that traders expect larger-than-usual movement in AKAM shares. However, options-market volatility does not establish whether the next move will be higher or lower. Implied Volatility Surging for Akamai Stock Options
• Negative Sentiment: Zacks lowered its EPS outlook for FY2026 to $3.79 from $3.90 and FY2027 to $3.92 from $3.98. It also cut Q2 2027 EPS to $0.83 from $0.96, Q3 2027 to $1.13 from $1.15, and FY2028 to $4.69 from $4.70. The reductions suggest slower expected profit growth and likely contribute to the weaker investor sentiment.

Analyst Ratings Changes

Several brokerages have recently issued reports on AKAM. Susquehanna lowered their price target on Akamai Technologies from $175.00 to $140.00 and set a “positive” rating on the stock in a research report on Monday, August 10th. Zacks Research raised Akamai Technologies from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. JPMorgan Chase & Co. upgraded Akamai Technologies from an “underweight” rating to a “neutral” rating and increased their target price for the company from $132.00 to $158.00 in a research note on Thursday, August 13th. Piper Sandler lowered their target price on Akamai Technologies from $156.00 to $140.00 and set a “neutral” rating on the stock in a report on Friday, August 7th. Finally, Citigroup lifted their price target on Akamai Technologies from $110.00 to $160.00 and gave the stock a “neutral” rating in a research report on Friday, May 15th. Twelve analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $144.14.

Akamai Technologies Company 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.