Contravisory Investment Management Inc. Makes New Investment in Akamai Technologies, Inc. $AKAM

Contravisory Investment Management Inc. purchased a new stake in Akamai Technologies, Inc. (NASDAQ:AKAM) during the first quarter, Holdings Channel reports. The institutional investor purchased 10,201 shares of the technology infrastructure company’s stock, valued at approximately $1,172,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Brighton Jones LLC grew its position in shares of Akamai Technologies by 101.4% during the fourth quarter. Brighton Jones LLC now owns 4,016 shares of the technology infrastructure company’s stock worth $384,000 after buying an additional 2,022 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in Akamai Technologies by 35.2% in the first quarter. Jones Financial Companies Lllp now owns 1,087 shares of the technology infrastructure company’s stock valued at $88,000 after acquiring an additional 283 shares in the last quarter. United Services Automobile Association purchased a new position in Akamai Technologies in the first quarter worth approximately $266,000. Empowered Funds LLC lifted its stake in Akamai Technologies by 73.0% in the first quarter. Empowered Funds LLC now owns 7,134 shares of the technology infrastructure company’s stock worth $574,000 after acquiring an additional 3,010 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in Akamai Technologies by 152.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,163 shares of the technology infrastructure company’s stock worth $93,000 after acquiring an additional 703 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Kim Salem-Jackson sold 2,300 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $135.57, for a total transaction of $311,811.00. Following the transaction, the executive vice president owned 59,210 shares of the company’s stock, valued at $8,027,099.70. This trade represents a 3.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Robert Blumofe sold 243 shares of the business’s stock in a transaction dated 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. This trade represents a 0.78% 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. Insiders own 2.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on AKAM shares. 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 research report on Friday, May 8th. Craig Hallum raised shares of Akamai Technologies from a “hold” rating to a “buy” rating and set a $190.00 price objective for the company in a research report on Friday, May 8th. Raymond James Financial boosted their target price on shares of Akamai Technologies from $140.00 to $170.00 in a research note on Monday, May 11th. Bank of America raised Akamai Technologies from a “neutral” rating to a “buy” rating and increased their target price for the company from $130.00 to $175.00 in a report on Wednesday, May 13th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Akamai Technologies in a report on Friday, March 27th. Twelve analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $145.29.

Akamai Technologies Stock Performance

Shares of AKAM opened at $112.89 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. The firm has a market cap of $16.41 billion, a PE ratio of 38.01, a price-to-earnings-growth ratio of 3.73 and a beta of 0.60. The company’s 50 day simple moving average is $129.46 and its 200-day simple moving average is $109.42. Akamai Technologies, Inc. has a 12-month low of $69.78 and a 12-month high of $165.45.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings results on Thursday, May 7th. The technology infrastructure company reported $1.61 EPS for the quarter, meeting the consensus estimate of $1.61. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate 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 quarter in the prior year, the firm earned $1.70 EPS. 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. As a group, equities analysts predict that Akamai Technologies, Inc. will post 3.93 EPS for the current year.

Akamai Technologies 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.