North Dakota State Investment Board Makes New $429,000 Investment in Akamai Technologies, Inc. $AKAM

North Dakota State Investment Board bought a new position in Akamai Technologies, Inc. (NASDAQ:AKAM) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 4,921 shares of the technology infrastructure company’s stock, valued at approximately $429,000.

A number of other hedge funds have also added to or reduced their stakes in AKAM. Brighton Jones LLC grew its stake in Akamai Technologies by 101.4% in the 4th quarter. Brighton Jones LLC now owns 4,016 shares of the technology infrastructure company’s stock worth $384,000 after acquiring an additional 2,022 shares in the last quarter. Jones Financial Companies Lllp grew its stake 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 worth $88,000 after acquiring an additional 283 shares in the last quarter. United Services Automobile Association bought a new position in Akamai Technologies in the 1st quarter worth about $266,000. Empowered Funds LLC grew its stake in Akamai Technologies by 73.0% in the 1st quarter. Empowered Funds LLC now owns 7,134 shares of the technology infrastructure company’s stock worth $574,000 after acquiring an additional 3,010 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake 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 acquiring an additional 703 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors.

Insider Activity at Akamai Technologies

In related news, EVP Anthony P. Williams sold 15,000 shares of the stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $104.29, for a total transaction of $1,564,350.00. Following the completion of the sale, the executive vice president owned 22,064 shares of the company’s stock, valued at $2,301,054.56. This represents a 40.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Laura Howell sold 11,273 shares of the stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $100.14, for a total transaction of $1,128,878.22. Following the sale, the chief accounting officer directly owned 12,559 shares of the company’s stock, valued at $1,257,658.26. The trade was a 47.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 53,954 shares of company stock valued at $5,511,371 over the last three months. Company insiders own 2.30% of the company’s stock.

Akamai Technologies Price Performance

NASDAQ AKAM opened at $147.23 on Friday. 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 firm’s 50 day moving average price is $116.07 and its 200-day moving average price is $100.47. Akamai Technologies, Inc. has a 52-week low of $69.78 and a 52-week high of $165.45. The company has a market cap of $21.40 billion, a PE ratio of 49.57, a P/E/G ratio of 4.57 and a beta of 0.45.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings data on Thursday, May 7th. The technology infrastructure company reported $1.61 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 earned $1.70 earnings per share. The company’s quarterly revenue was up 5.8% on a year-over-year basis. 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. Sell-side analysts forecast that Akamai Technologies, Inc. will post 3.93 EPS for the current fiscal year.

Analysts Set New Price Targets

AKAM has been the topic of a number of research analyst reports. Evercore assumed coverage on shares of Akamai Technologies in a research note on Tuesday, April 14th. They issued an “outperform” rating and a $130.00 target price on the stock. Guggenheim increased their price objective on shares of Akamai Technologies from $133.00 to $181.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Citigroup increased their price objective on shares of Akamai Technologies from $110.00 to $160.00 and gave the company a “neutral” rating in a research note on Friday, May 15th. Raymond James Financial increased their price objective on shares of Akamai Technologies from $140.00 to $170.00 in a research note on Monday, May 11th. Finally, Piper Sandler reiterated a “neutral” rating and set a $156.00 price objective (up from $114.00) on shares of Akamai Technologies in a research note on Friday, May 8th. Twelve research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $145.29.

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.