Kentucky Retirement Systems Grows Stock Holdings in Akamai Technologies, Inc. $AKAM

Kentucky Retirement Systems increased its stake in Akamai Technologies, Inc. (NASDAQ:AKAM) by 64.0% during the 1st quarter, HoldingsChannel reports. The firm owned 14,777 shares of the technology infrastructure company’s stock after buying an additional 5,769 shares during the period. Kentucky Retirement Systems’ holdings in Akamai Technologies were worth $1,697,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Root Financial Partners LLC lifted its holdings 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 valued at $31,000 after buying an additional 110 shares during the period. Sarver Vrooman Wealth Advisors bought a new stake in shares of Akamai Technologies in the fourth quarter worth $31,000. CYBER HORNET ETFs LLC bought a new stake in shares of Akamai Technologies in the second quarter worth $32,000. WealthCollab LLC increased its position in Akamai Technologies by 154.2% during the fourth quarter. WealthCollab LLC now owns 394 shares of the technology infrastructure company’s stock valued at $34,000 after acquiring an additional 239 shares during the last quarter. Finally, Align Financial LLC bought a new position in Akamai Technologies in the fourth quarter valued at about $34,000. Institutional investors own 94.28% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on AKAM shares. Raymond James Financial raised their target price on Akamai Technologies from $140.00 to $170.00 in a research report on Monday, May 11th. Robert W. Baird reiterated a “neutral” rating and issued a $110.00 price objective on shares of Akamai Technologies in a research note on Thursday, April 2nd. Zacks Research raised shares of Akamai Technologies from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Evercore initiated coverage on shares of Akamai Technologies in a research report on Tuesday, April 14th. They set an “outperform” rating and a $130.00 target price for the company. Finally, Bank of America raised shares of Akamai Technologies from a “neutral” rating to a “buy” rating and upped their target price for the company from $130.00 to $175.00 in a report on Wednesday, May 13th. Twelve research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $145.29.

Akamai Technologies Stock Performance

Shares of AKAM opened at $113.75 on Friday. The business has a 50-day simple moving average of $128.20 and a two-hundred day simple moving average of $114.83. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.84. Akamai Technologies, Inc. has a 52 week low of $69.78 and a 52 week high of $165.45. The stock has a market cap of $16.54 billion, a price-to-earnings ratio of 38.30, a PEG ratio of 3.37 and a beta of 0.63.

Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings data on Thursday, May 7th. The technology infrastructure company reported $1.61 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.61. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Akamai Technologies had a return on equity of 12.96% and a net margin of 10.20%.The business’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.70 EPS. 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, analysts expect that Akamai Technologies, Inc. will post 3.91 EPS for the current year.

Insider Buying and Selling

In other Akamai Technologies news, EVP Kim Salem-Jackson sold 2,300 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $135.57, for a total value of $311,811.00. Following the completion of the transaction, 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 document filed with the SEC, which is available through 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 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 sale, the chief technology officer owned 31,006 shares in the company, valued at $4,012,486.46. The trade was a 0.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.30% of the stock is currently owned by company insiders.

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.