AlphaCore Capital LLC Increases Stock Position in Akamai Technologies, Inc. $AKAM

AlphaCore Capital LLC increased its position in Akamai Technologies, Inc. (NASDAQ:AKAM) by 73.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,163 shares of the technology infrastructure company’s stock after purchasing an additional 3,468 shares during the quarter. AlphaCore Capital LLC’s holdings in Akamai Technologies were worth $712,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. boosted its stake in Akamai Technologies by 295.3% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 336 shares of the technology infrastructure company’s stock valued at $26,000 after acquiring an additional 251 shares during the last quarter. TD Waterhouse Canada Inc. increased its holdings in shares of Akamai Technologies by 130.0% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 345 shares of the technology infrastructure company’s stock worth $26,000 after acquiring an additional 195 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of Akamai Technologies by 566.7% in the 3rd quarter. Smartleaf Asset Management LLC now owns 340 shares of the technology infrastructure company’s stock worth $26,000 after acquiring an additional 289 shares during the period. JFS Wealth Advisors LLC increased its holdings in shares of Akamai Technologies by 626.2% in the 4th quarter. JFS Wealth Advisors LLC now owns 305 shares of the technology infrastructure company’s stock worth $27,000 after acquiring an additional 263 shares during the period. Finally, Atlantic Union Bankshares Corp acquired a new stake in shares of Akamai Technologies in the 3rd quarter worth about $30,000. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Akamai Technologies Stock Performance

AKAM stock opened at $150.77 on Tuesday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.06 and a current ratio of 2.06. The stock has a market cap of $21.92 billion, a P/E ratio of 50.76, a P/E/G ratio of 4.45 and a beta of 0.45. The firm has a 50 day simple moving average of $112.76 and a 200 day simple moving average of $98.67. Akamai Technologies, Inc. has a 52 week low of $69.78 and a 52 week 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. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Akamai Technologies had a net margin of 10.20% and a return on equity of 12.96%. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period last year, the company posted $1.70 earnings per share. 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. Research analysts anticipate that Akamai Technologies, Inc. will post 4.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AKAM has been the topic of several research analyst reports. DA Davidson raised their target price on shares of Akamai Technologies from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Craig Hallum upgraded shares of 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. Raymond James Financial raised their price objective on shares of Akamai Technologies from $140.00 to $170.00 in a research note on Monday, May 11th. The Goldman Sachs Group lifted their price objective on shares of Akamai Technologies from $76.00 to $87.00 and gave the stock a “sell” rating in a research report on Friday, May 8th. Finally, Bank of America raised shares of Akamai Technologies from a “neutral” rating to a “buy” rating and boosted their target price for the company from $130.00 to $175.00 in a research note on Wednesday, May 13th. Twelve investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $145.29.

Insider Buying and Selling at Akamai Technologies

In related news, Director Madhu Ranganathan sold 3,131 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $102.00, for a total transaction of $319,362.00. Following the completion of the sale, the director directly owned 9,160 shares in the company, valued at approximately $934,320. This trade represents a 25.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Mani Sundaram sold 1,722 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $98.58, for a total transaction of $169,754.76. Following the sale, the executive vice president owned 21,647 shares of the company’s stock, valued at approximately $2,133,961.26. This represents a 7.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 53,954 shares of company stock valued at $5,511,371 in the last 90 days. Corporate insiders own 2.30% of the company’s stock.

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.