Parsifal Capital Management LP Makes New $80.96 Billion Investment in Akamai Technologies, Inc. $AKAM

Parsifal Capital Management LP bought a new stake in Akamai Technologies, Inc. (NASDAQ:AKAM) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 684,922 shares of the technology infrastructure company’s stock, valued at approximately $80,964,630,000. Akamai Technologies makes up approximately 9.8% of Parsifal Capital Management LP’s holdings, making the stock its 5th largest holding.

A number of other hedge funds and other institutional investors also recently modified their holdings of AKAM. Sarver Vrooman Wealth Advisors purchased a new stake in shares of Akamai Technologies during the 4th quarter worth approximately $31,000. Root Financial Partners LLC increased its stake in Akamai Technologies by 45.8% in 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 in the last quarter. Silvant Capital Management LLC purchased a new position in Akamai Technologies in the 2nd quarter valued at approximately $32,000. CYBER HORNET ETFs LLC acquired a new position in Akamai Technologies during the second quarter worth $32,000. Finally, Align Financial LLC acquired a new position in Akamai Technologies during the fourth quarter worth $34,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Akamai Technologies news, EVP Kim Salem-Jackson sold 2,300 shares of Akamai Technologies stock in a transaction that occurred on 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 approximately $8,027,099.70. The trade was a 3.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Robert Blumofe sold 243 shares of Akamai Technologies stock in a transaction that occurred on 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 directly owned 31,006 shares of the company’s stock, valued at $4,012,486.46. The trade was a 0.78% 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. Insiders own 2.30% of the company’s stock.

Akamai Technologies Stock Performance

Akamai Technologies stock opened at $110.42 on Monday. The stock has a 50-day moving average price of $119.17 and a 200 day moving average price of $117.40. Akamai Technologies, Inc. has a 52 week low of $70.82 and a 52 week high of $165.45. The stock has a market cap of $15.87 billion, a PE ratio of 39.72, a P/E/G ratio of 5.07 and a beta of 0.63. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.23.

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. Akamai Technologies had a net margin of 9.51% and a return on equity of 11.32%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period in the prior year, the firm earned $1.73 EPS. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. 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. Equities research analysts predict that Akamai Technologies, Inc. will post 3.67 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AKAM has been the topic of a number of research analyst reports. Craig Hallum upgraded Akamai Technologies from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a research report on Friday, May 8th. Zacks Research upgraded Akamai Technologies from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Susquehanna cut their price target on Akamai Technologies from $175.00 to $140.00 and set a “positive” rating for the company in a research note on Monday, August 10th. Citigroup raised their target price on shares of Akamai Technologies from $110.00 to $160.00 and gave the company a “neutral” rating in a report on Friday, May 15th. Finally, UBS Group lifted their target price on shares of Akamai Technologies from $125.00 to $143.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Twelve investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $144.14.

Akamai Technologies Company Profile

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.