Invenomic Capital Management LP Acquires 71,173 Shares of Akamai Technologies, Inc. $AKAM

Invenomic Capital Management LP increased its holdings in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 16.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 499,097 shares of the technology infrastructure company’s stock after purchasing an additional 71,173 shares during the period. Akamai Technologies accounts for about 1.8% of Invenomic Capital Management LP’s holdings, making the stock its 10th biggest holding. Invenomic Capital Management LP owned approximately 0.35% of Akamai Technologies worth $37,812,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in AKAM. Siemens Fonds Invest GmbH raised its holdings in shares of Akamai Technologies by 8.3% during the 3rd quarter. Siemens Fonds Invest GmbH now owns 2,043 shares of the technology infrastructure company’s stock valued at $155,000 after buying an additional 156 shares during the period. Hantz Financial Services Inc. boosted its holdings in Akamai Technologies by 24.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 830 shares of the technology infrastructure company’s stock worth $63,000 after acquiring an additional 162 shares during the period. Main Management ETF Advisors LLC grew its position in Akamai Technologies by 1.7% in the second quarter. Main Management ETF Advisors LLC now owns 11,728 shares of the technology infrastructure company’s stock valued at $935,000 after acquiring an additional 192 shares in the last quarter. Metis Global Partners LLC grew its position in Akamai Technologies by 1.9% in the third quarter. Metis Global Partners LLC now owns 10,486 shares of the technology infrastructure company’s stock valued at $794,000 after acquiring an additional 192 shares in the last quarter. Finally, TD Waterhouse Canada Inc. raised its stake in shares of Akamai Technologies by 130.0% during the third quarter. TD Waterhouse Canada Inc. now owns 345 shares of the technology infrastructure company’s stock valued at $26,000 after purchasing an additional 195 shares during the period. 94.28% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Madhu Ranganathan sold 3,131 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $102.00, for a total transaction of $319,362.00. Following the completion of the transaction, the director owned 9,160 shares in the company, valued at $934,320. The trade was a 25.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Anthony P. Williams sold 15,000 shares of the stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $104.29, for a total value of $1,564,350.00. Following the completion of the sale, the executive vice president directly owned 22,064 shares in the company, valued at $2,301,054.56. This represents a 40.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 69,274 shares of company stock worth $6,969,557. 2.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AKAM. Evercore upped their target price on shares of Akamai Technologies from $105.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, February 20th. Robert W. Baird lifted their price target on shares of Akamai Technologies from $90.00 to $110.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. Scotiabank boosted their price objective on shares of Akamai Technologies from $105.00 to $120.00 and gave the stock a “sector outperform” rating in a report on Friday, February 20th. Morgan Stanley upped their price objective on shares of Akamai Technologies from $115.00 to $120.00 and gave the company an “overweight” rating in a research report on Friday, February 20th. Finally, Craig Hallum raised their target price on Akamai Technologies from $90.00 to $100.00 and gave the company a “hold” rating in a research note on Friday, February 20th. Ten research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $109.89.

Akamai Technologies Stock Performance

Akamai Technologies stock opened at $107.67 on Monday. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.36 and a quick ratio of 2.36. Akamai Technologies, Inc. has a 12 month low of $67.51 and a 12 month high of $113.50. The company has a fifty day moving average price of $97.79 and a two-hundred day moving average price of $87.01. The company has a market cap of $15.61 billion, a PE ratio of 34.96, a P/E/G ratio of 3.63 and a beta of 0.72.

Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings results on Thursday, February 19th. The technology infrastructure company reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.09. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.08 billion. Akamai Technologies had a net margin of 10.74% and a return on equity of 13.86%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period last year, the firm posted $1.66 EPS. Akamai Technologies has set its FY 2026 guidance at 6.200-7.200 EPS and its Q1 2026 guidance at 1.500-1.670 EPS. Research analysts expect that Akamai Technologies, Inc. will post 4.6 earnings per share for the current year.

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.