44,283 Shares in Akamai Technologies, Inc. $AKAM Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio purchased a new stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 44,283 shares of the technology infrastructure company’s stock, valued at approximately $5,235,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Silvant Capital Management LLC purchased a new stake in shares of Akamai Technologies during the 2nd quarter worth about $32,000. Sarver Vrooman Wealth Advisors acquired a new position in Akamai Technologies in the 4th quarter worth about $31,000. Root Financial Partners LLC boosted its position in Akamai Technologies by 45.8% during the fourth quarter. Root Financial Partners LLC now owns 350 shares of the technology infrastructure company’s stock worth $31,000 after purchasing an additional 110 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new position in Akamai Technologies during the second quarter worth approximately $32,000. Finally, Cedar Mountain Advisors LLC acquired a new stake in Akamai Technologies in the first quarter valued at approximately $47,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on AKAM. UBS Group boosted their price objective on Akamai Technologies from $125.00 to $143.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Akamai Technologies in a research note on Wednesday, June 24th. Bank of America raised shares of Akamai Technologies from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $130.00 to $175.00 in a report on Wednesday, May 13th. HSBC cut shares of Akamai Technologies from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $171.00 to $123.00 in a research report on Monday, August 10th. Finally, Scotiabank increased their price objective 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. Thirteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $143.43.

Insider Activity at Akamai Technologies

In other Akamai Technologies news, CTO Robert Blumofe sold 243 shares of the business’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $129.41, for a total value of $31,446.63. Following the completion of the transaction, the chief technology officer owned 31,006 shares in the company, valued at $4,012,486.46. The trade was a 0.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 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 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. The trade was a 3.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.30% of the company’s stock.

Akamai Technologies Price Performance

Shares of AKAM stock opened at $105.09 on Thursday. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.64 and a quick ratio of 1.64. The company has a market capitalization of $15.10 billion, a PE ratio of 37.80, a price-to-earnings-growth ratio of 4.90 and a beta of 0.63. The firm’s 50-day moving average is $116.26 and its two-hundred day moving average is $118.10. Akamai Technologies, Inc. has a 12 month low of $70.82 and a 12 month high of $165.45.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.02. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Akamai Technologies had a return on equity of 11.32% and a net margin of 9.51%.The company’s revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the business posted $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. Analysts predict that Akamai Technologies, Inc. will post 3.66 earnings per share for the current 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.