Dockside LLC Purchases Shares of 20,885 Akamai Technologies, Inc. $AKAM

Dockside LLC purchased a new position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 20,885 shares of the technology infrastructure company’s stock, valued at approximately $2,469,000.

Several other institutional investors also recently modified their holdings of the business. Contravisory Investment Management Inc. acquired a new position in shares of Akamai Technologies in the first quarter worth approximately $1,172,000. HighTower Advisors LLC increased its position in 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 purchasing an additional 14,792 shares during the period. Leeward Investments LLC MA increased its position in 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 purchasing an additional 36,395 shares during the period. Baker Avenue Asset Management LP bought a new position in Akamai Technologies during the 4th quarter worth approximately $1,393,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in Akamai Technologies by 41.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,531 shares of the technology infrastructure company’s stock worth $3,711,000 after purchasing an additional 12,449 shares during the last quarter. Institutional investors own 94.28% of the company’s stock.

Analyst Upgrades and Downgrades

AKAM has been the topic of a number of analyst reports. Zacks Research raised shares of Akamai Technologies from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. The Goldman Sachs Group boosted their target price on shares of Akamai Technologies from $76.00 to $87.00 and gave the company a “sell” rating in a report on Friday, May 8th. Royal Bank Of Canada cut their price target on shares of Akamai Technologies from $150.00 to $135.00 and set a “sector perform” rating on the stock in a research report on Friday, August 7th. Citigroup increased their price target on Akamai Technologies from $110.00 to $160.00 and gave the stock a “neutral” rating in a report on Friday, May 15th. Finally, Piper Sandler lowered their price objective on Akamai Technologies from $156.00 to $140.00 and set a “neutral” rating for the company in a research report on Friday, August 7th. Twelve equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $144.14.

Insider Activity

In other news, CTO Robert Blumofe sold 243 shares of the firm’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $129.41, for a total value of $31,446.63. Following the completion of the sale, the chief technology officer directly owned 31,006 shares in the company, valued at $4,012,486.46. This trade represents a 0.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 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 shares were sold at an average price of $135.57, for a total value of $311,811.00. Following the completion of the sale, the executive vice president directly owned 59,210 shares of the company’s stock, valued at $8,027,099.70. The trade was a 3.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.30% of the stock is currently owned by corporate insiders.

Akamai Technologies Stock Performance

Shares of AKAM stock opened at $124.99 on Friday. The firm has a 50 day moving average of $121.26 and a 200-day moving average of $116.76. The company has a market cap of $17.96 billion, a price-to-earnings ratio of 44.96, a price-to-earnings-growth ratio of 5.40 and a beta of 0.63. The company has a quick ratio of 2.06, a current ratio of 1.64 and a debt-to-equity ratio of 1.23. Akamai Technologies, Inc. has a 52 week low of $70.82 and a 52 week high of $165.45.

Akamai Technologies (NASDAQ:AKAM) last released its earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.02. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. Akamai Technologies had a net margin of 9.51% and a return on equity of 11.32%. Akamai Technologies’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.73 EPS. Akamai Technologies has set its Q3 2026 guidance at 1.600-1.800 EPS and its FY 2026 guidance at 6.400-7.050 EPS. On average, equities analysts forecast that Akamai Technologies, Inc. will post 3.91 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.