Cibc World Market Inc. Invests $2.37 Million in Akamai Technologies, Inc. $AKAM

Cibc World Market Inc. purchased a new position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,019 shares of the technology infrastructure company’s stock, valued at approximately $2,366,000.

Several other institutional investors and hedge funds have also recently modified their holdings of AKAM. EverSource Wealth Advisors LLC boosted its stake in shares of Akamai Technologies by 3.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,356 shares of the technology infrastructure company’s stock valued at $271,000 after buying an additional 70 shares during the period. Rexford Capital Inc. lifted its position in shares of Akamai Technologies by 1.9% during the 4th quarter. Rexford Capital Inc. now owns 5,106 shares of the technology infrastructure company’s stock worth $445,000 after purchasing an additional 93 shares during the last quarter. Root Financial Partners LLC lifted its holdings 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 worth $31,000 after buying an additional 110 shares during the last quarter. Allworth Financial LP raised its position in shares of Akamai Technologies by 6.3% during the 4th quarter. Allworth Financial LP now owns 2,196 shares of the technology infrastructure company’s stock worth $192,000 after acquiring an additional 131 shares in the last quarter. Finally, Tema ETFs LLC lifted its stake in Akamai Technologies by 9.5% during the second quarter. Tema ETFs LLC now owns 1,664 shares of the technology infrastructure company’s stock worth $197,000 after purchasing an additional 145 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Insider Activity at Akamai Technologies

In other Akamai Technologies news, EVP Kim Salem-Jackson sold 2,300 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The stock was 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 of the company’s stock, valued at $8,027,099.70. This represents a 3.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Robert Blumofe sold 243 shares of the stock in a transaction on 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 in the company, valued at $4,012,486.46. This trade represents 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. 2.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on AKAM shares. Royal Bank Of Canada decreased their price objective on shares of Akamai Technologies from $150.00 to $135.00 and set a “sector perform” rating for the company in a research note on Friday, August 7th. HSBC downgraded Akamai Technologies from a “buy” rating to a “hold” rating and decreased their price objective for the company from $171.00 to $123.00 in a report on Monday, August 10th. Susquehanna decreased their price target on shares of Akamai Technologies from $175.00 to $140.00 and set a “positive” rating for the company in a research note on Monday, August 10th. Craig Hallum upgraded shares of Akamai Technologies from a “hold” rating to a “buy” rating and set a $190.00 target price for the company in a research note on Friday, May 8th. Finally, Bank of America raised Akamai Technologies from a “neutral” rating to a “buy” rating and raised their price target for the stock from $130.00 to $175.00 in a report on Wednesday, May 13th. Twelve analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $144.14.

Akamai Technologies Trading Up 2.2%

AKAM opened at $108.06 on Thursday. The firm’s 50 day moving average is $117.68 and its 200-day moving average is $117.71. Akamai Technologies, Inc. has a 52-week low of $70.82 and a 52-week high of $165.45. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.23. The firm has a market capitalization of $15.53 billion, a P/E ratio of 38.87, a P/E/G ratio of 4.86 and a beta of 0.63.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings data on Thursday, August 6th. The technology infrastructure company reported $1.59 EPS for the quarter, topping 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 firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the business posted $1.73 EPS. The firm’s revenue was up 5.4% compared to the same quarter last year. 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. Analysts expect that Akamai Technologies, Inc. will post 3.67 EPS for the current fiscal year.

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.