Bull Harbor Capital LLC Purchases New Stake in Akamai Technologies, Inc. $AKAM

Bull Harbor Capital LLC acquired a new position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,534 shares of the technology infrastructure company’s stock, valued at approximately $521,000.

Several other institutional investors and hedge funds also recently bought and sold shares of AKAM. Contravisory Investment Management Inc. purchased a new stake in Akamai Technologies in the 1st quarter worth approximately $1,172,000. HighTower Advisors LLC boosted its stake in shares of Akamai Technologies by 132.4% during the 4th quarter. HighTower Advisors LLC now owns 25,960 shares of the technology infrastructure company’s stock valued at $2,265,000 after buying an additional 14,792 shares during the period. Leeward Investments LLC MA grew its holdings in shares of Akamai Technologies by 32.6% during the 4th quarter. Leeward Investments LLC MA now owns 148,104 shares of the technology infrastructure company’s stock valued at $12,922,000 after acquiring an additional 36,395 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of Akamai Technologies by 88.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 461,461 shares of the technology infrastructure company’s stock valued at $40,262,000 after acquiring an additional 216,222 shares in the last quarter. Finally, Baker Avenue Asset Management LP acquired a new position in shares of Akamai Technologies in the fourth quarter worth $1,393,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Insider Activity

In other news, CTO Robert Blumofe sold 243 shares of the company’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $129.41, for a total transaction of $31,446.63. Following the completion of the sale, the chief technology officer owned 31,006 shares in the company, valued at approximately $4,012,486.46. This represents a 0.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through 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 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 in the company, valued at approximately $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. Corporate insiders own 2.30% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on AKAM. Guggenheim increased their price objective on Akamai Technologies from $133.00 to $181.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Citigroup boosted their target price on Akamai Technologies from $110.00 to $160.00 and gave the company a “neutral” rating in a research note on Friday, May 15th. Susquehanna raised their price target on Akamai Technologies from $120.00 to $175.00 and gave the stock a “positive” rating in a research note on Monday, May 11th. Evercore initiated coverage on Akamai Technologies in a research note on Tuesday, April 14th. They set an “outperform” rating and a $130.00 price target for the company. Finally, Piper Sandler reiterated a “neutral” rating and set a $156.00 price target (up from $114.00) on shares of Akamai Technologies in a report on Friday, May 8th. Twelve research 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. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $145.29.

Akamai Technologies Stock Up 1.3%

AKAM stock opened at $115.18 on Friday. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.84. Akamai Technologies, Inc. has a 1 year low of $69.78 and a 1 year high of $165.45. The company has a fifty day simple moving average of $127.56 and a 200 day simple moving average of $114.83. The firm has a market cap of $16.74 billion, a PE ratio of 38.78, a PEG ratio of 3.57 and a beta of 0.63.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings data on Thursday, May 7th. The technology infrastructure company reported $1.61 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.61. The firm 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%. Akamai Technologies’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the prior 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. Sell-side analysts anticipate that Akamai Technologies, Inc. will post 3.91 EPS for the current fiscal 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.