Carnegie Investment Counsel Acquires 4,515 Shares of Akamai Technologies, Inc. $AKAM

Carnegie Investment Counsel raised its stake in Akamai Technologies, Inc. (NASDAQ:AKAM) by 6.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 78,353 shares of the technology infrastructure company’s stock after acquiring an additional 4,515 shares during the quarter. Carnegie Investment Counsel’s holdings in Akamai Technologies were worth $8,999,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JFS Wealth Advisors LLC grew its holdings in Akamai Technologies by 626.2% during the fourth quarter. JFS Wealth Advisors LLC now owns 305 shares of the technology infrastructure company’s stock valued at $27,000 after purchasing an additional 263 shares during the period. Sarver Vrooman Wealth Advisors purchased a new position in shares of Akamai Technologies during the 4th quarter valued at $31,000. Root Financial Partners LLC grew its stake in shares of Akamai Technologies by 45.8% during the 4th quarter. Root Financial Partners LLC now owns 350 shares of the technology infrastructure company’s stock worth $31,000 after acquiring an additional 110 shares during the period. WealthCollab LLC grew its stake in shares of Akamai Technologies by 154.2% during the 4th quarter. WealthCollab LLC now owns 394 shares of the technology infrastructure company’s stock worth $34,000 after acquiring an additional 239 shares during the period. Finally, CYBER HORNET ETFs LLC purchased a new stake in Akamai Technologies in the 2nd quarter worth about $32,000. 94.28% of the stock is owned by institutional investors.

Akamai Technologies Stock Performance

NASDAQ:AKAM opened at $126.19 on Monday. The company has a market capitalization of $18.35 billion, a price-to-earnings ratio of 42.49, a PEG ratio of 3.96 and a beta of 0.63. The business has a 50 day moving average of $134.17 and a 200 day moving average of $111.78. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.06 and a quick ratio of 2.06. Akamai Technologies, Inc. has a 1-year low of $69.78 and a 1-year high of $165.45.

Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings results on Thursday, May 7th. The technology infrastructure company reported $1.61 EPS for the quarter, hitting the consensus estimate of $1.61. Akamai Technologies had a net margin of 10.20% and a return on equity of 12.96%. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the firm posted $1.70 earnings per share. The business’s revenue was up 5.8% compared to the same quarter last year. 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, sell-side analysts predict that Akamai Technologies, Inc. will post 3.92 earnings per share for the current fiscal year.

Insider Buying and Selling at Akamai Technologies

In other Akamai Technologies news, EVP Kim Salem-Jackson sold 2,300 shares of the company’s 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 completion of the sale, the executive vice president directly owned 59,210 shares in the company, valued at $8,027,099.70. This represents a 3.74% decrease in their ownership of the stock. The transaction was disclosed in a filing 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 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 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. Insiders own 2.30% of the company’s stock.

Analyst Ratings Changes

AKAM has been the subject of several analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Akamai Technologies in a report on Wednesday, June 24th. Raymond James Financial boosted their target price on shares of Akamai Technologies from $140.00 to $170.00 in a report on Monday, May 11th. HSBC increased their target price on Akamai Technologies from $134.00 to $171.00 in a research report on Monday, May 11th. Susquehanna increased their price objective on Akamai Technologies from $120.00 to $175.00 and gave the stock a “positive” rating in a report on Monday, May 11th. Finally, Piper Sandler restated a “neutral” rating and issued a $156.00 target price (up from $114.00) on shares of Akamai Technologies in a research note on Friday, May 8th. Twelve analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $145.29.

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.