Akamai Technologies, Inc. $AKAM Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its holdings in Akamai Technologies, Inc. (NASDAQ:AKAM) by 30.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 273,645 shares of the technology infrastructure company’s stock after acquiring an additional 64,425 shares during the period. Principal Financial Group Inc.’s holdings in Akamai Technologies were worth $31,428,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AKAM. JFS Wealth Advisors LLC grew its holdings in shares of Akamai Technologies by 626.2% during the fourth quarter. JFS Wealth Advisors LLC now owns 305 shares of the technology infrastructure company’s stock valued at $27,000 after purchasing an additional 263 shares during the last quarter. Sarver Vrooman Wealth Advisors bought a new stake in shares of Akamai Technologies in the 4th quarter worth approximately $31,000. Root Financial Partners LLC boosted its position in 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 purchasing an additional 110 shares during the period. CYBER HORNET ETFs LLC bought a new position in Akamai Technologies during the 2nd quarter worth $32,000. Finally, WealthCollab LLC increased its position in Akamai Technologies by 154.2% in the fourth quarter. WealthCollab LLC now owns 394 shares of the technology infrastructure company’s stock worth $34,000 after buying an additional 239 shares during the period. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AKAM. Scotiabank boosted their price target on shares of Akamai Technologies from $120.00 to $180.00 and gave the company a “sector outperform” rating in a report on Friday, May 8th. The Goldman Sachs Group increased their price objective on shares of Akamai Technologies from $76.00 to $87.00 and gave the stock a “sell” rating in a report on Friday, May 8th. Raymond James Financial lifted their price objective on shares of Akamai Technologies from $140.00 to $170.00 in a research report on Monday, May 11th. Piper Sandler restated a “neutral” rating and issued a $156.00 target price (up from $114.00) on shares of Akamai Technologies in a research report on Friday, May 8th. Finally, UBS Group upped their target price on shares of Akamai Technologies from $110.00 to $160.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Twelve investment analysts have rated the stock with a Buy rating, eight 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 a consensus target price of $145.29.

Akamai Technologies Stock Performance

Shares of AKAM stock opened at $120.19 on Monday. Akamai Technologies, Inc. has a 1 year low of $69.78 and a 1 year high of $165.45. The firm has a market capitalization of $17.47 billion, a PE ratio of 40.47, a price-to-earnings-growth ratio of 3.77 and a beta of 0.63. The stock has a fifty day moving average of $134.23 and a two-hundred day moving average of $112.95. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.06 and a current ratio of 2.06.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings results on Thursday, May 7th. The technology infrastructure company reported $1.61 EPS for the quarter, meeting analysts’ consensus estimates of $1.61. Akamai Technologies had a return on equity of 12.96% and a net margin of 10.20%.The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the company earned $1.70 earnings per share. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. 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. As a group, research analysts expect that Akamai Technologies, Inc. will post 3.92 EPS for the current year.

Insider Activity

In other Akamai Technologies news, CTO Robert Blumofe sold 243 shares of the firm’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $129.41, for a total transaction of $31,446.63. Following the transaction, the chief technology officer owned 31,006 shares of the company’s stock, valued at approximately $4,012,486.46. This trade represents a 0.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kim Salem-Jackson sold 2,300 shares of the business’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $135.57, for a total transaction of $311,811.00. Following the sale, the executive vice president owned 59,210 shares in the company, valued at $8,027,099.70. This trade represents a 3.74% decrease in their ownership of the stock. 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 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.