11,368 Shares in Akamai Technologies, Inc. $AKAM Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC acquired a new stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) in the second quarter, Holdings Channel reports. The fund acquired 11,368 shares of the technology infrastructure company’s stock, valued at approximately $1,344,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC boosted its holdings in shares of Akamai Technologies by 101.4% during the fourth quarter. Brighton Jones LLC now owns 4,016 shares of the technology infrastructure company’s stock valued at $384,000 after acquiring an additional 2,022 shares during the period. Jones Financial Companies Lllp lifted its position in Akamai Technologies by 35.2% in the 1st quarter. Jones Financial Companies Lllp now owns 1,087 shares of the technology infrastructure company’s stock valued at $88,000 after purchasing an additional 283 shares during the last quarter. United Services Automobile Association acquired a new position in Akamai Technologies during the 1st quarter valued at about $266,000. Empowered Funds LLC boosted its stake in Akamai Technologies by 73.0% during the 1st quarter. Empowered Funds LLC now owns 7,134 shares of the technology infrastructure company’s stock valued at $574,000 after purchasing an additional 3,010 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in Akamai Technologies by 152.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,163 shares of the technology infrastructure company’s stock worth $93,000 after purchasing an additional 703 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AKAM. Craig Hallum raised Akamai Technologies from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a report on Friday, May 8th. Royal Bank Of Canada reduced their price target on Akamai Technologies from $150.00 to $135.00 and set a “sector perform” rating for the company in a research report on Friday, August 7th. Piper Sandler decreased their price target 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. UBS Group raised their price target on Akamai Technologies from $125.00 to $143.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Finally, Bank of America upgraded shares of Akamai Technologies from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $130.00 to $175.00 in a research note on Wednesday, May 13th. Twelve 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’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $144.14.

Akamai Technologies Price Performance

NASDAQ AKAM opened at $111.24 on Friday. Akamai Technologies, Inc. has a 12 month low of $70.82 and a 12 month high of $165.45. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.64 and a quick ratio of 1.64. The firm has a market capitalization of $15.99 billion, a PE ratio of 40.01, a P/E/G ratio of 4.96 and a beta of 0.63. The company’s 50 day simple moving average is $117.41 and its 200 day simple moving average is $117.83.

Akamai Technologies (NASDAQ:AKAM) last announced its earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.57 by $0.02. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Akamai Technologies had a return on equity of 11.32% and a net margin of 9.51%.The firm’s quarterly 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. As a group, equities research analysts forecast that Akamai Technologies, Inc. will post 3.67 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CTO Robert Blumofe sold 243 shares of the company’s 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 completion of the sale, the chief technology officer owned 31,006 shares in the company, valued at $4,012,486.46. This represents a 0.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kim Salem-Jackson sold 2,300 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $135.57, for a total value of $311,811.00. Following the transaction, the executive vice president directly owned 59,210 shares of the company’s stock, valued at $8,027,099.70. This represents a 3.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.30% of the stock is currently owned by insiders.

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.