Fulton Bank N.A. Increases Stock Holdings in Akamai Technologies, Inc. $AKAM

Fulton Bank N.A. increased its stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 239.7% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 6,801 shares of the technology infrastructure company’s stock after purchasing an additional 4,799 shares during the quarter. Fulton Bank N.A.’s holdings in Akamai Technologies were worth $804,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Contravisory Investment Management Inc. increased its position in Akamai Technologies by 4.5% during the second quarter. Contravisory Investment Management Inc. now owns 10,662 shares of the technology infrastructure company’s stock valued at $1,260,000 after acquiring an additional 461 shares during the last quarter. Beacon Investment Advisory Services Inc. boosted its stake in shares of Akamai Technologies by 13.7% during the 2nd quarter. Beacon Investment Advisory Services Inc. now owns 5,607 shares of the technology infrastructure company’s stock worth $663,000 after purchasing an additional 674 shares during the period. Czech National Bank boosted its stake in shares of Akamai Technologies by 5.6% during the 2nd quarter. Czech National Bank now owns 41,382 shares of the technology infrastructure company’s stock worth $4,892,000 after purchasing an additional 2,201 shares during the period. Assenagon Asset Management S.A. purchased a new stake in Akamai Technologies in the 2nd quarter worth about $2,474,000. Finally, GAMMA Investing LLC raised its position in Akamai Technologies by 5.2% in the 2nd quarter. GAMMA Investing LLC now owns 7,019 shares of the technology infrastructure company’s stock worth $830,000 after purchasing an additional 345 shares during the period. 94.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AKAM has been the subject of a number of analyst reports. Guggenheim upped their target price on Akamai Technologies from $181.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Scotiabank boosted their price target on Akamai Technologies from $120.00 to $180.00 and gave the stock a “sector outperform” rating in a research report on Friday, May 8th. Citigroup upped their price objective on Akamai Technologies from $110.00 to $160.00 and gave the stock a “neutral” rating in a research note on Friday, May 15th. UBS Group lifted their target price on Akamai Technologies from $125.00 to $143.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Finally, Bank of America upgraded shares of Akamai Technologies from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $130.00 to $175.00 in a report on Wednesday, May 13th. Twelve research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Akamai Technologies has an average rating of “Hold” and an average price target of $141.38.

Insider Activity

In other news, EVP Kim Salem-Jackson sold 2,300 shares of the business’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 sale, the executive vice president owned 59,210 shares in the company, valued at approximately $8,027,099.70. The trade was a 3.74% decrease in their ownership of the stock. The sale 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 the company’s stock in a transaction dated 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 approximately $4,012,486.46. This trade represents a 0.78% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.30% of the stock is currently owned by company insiders.

Akamai Technologies Stock Performance

Shares of AKAM stock opened at $122.78 on Thursday. The business’s fifty day simple moving average is $122.42 and its 200-day simple moving average is $116.49. The company has a market cap of $17.65 billion, a PE ratio of 44.17, a PEG ratio of 5.03 and a beta of 0.63. The company has a current ratio of 1.64, a quick ratio of 2.06 and a debt-to-equity ratio of 1.23. Akamai Technologies, Inc. has a 12-month low of $70.82 and a 12-month high of $165.45.

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, beating the consensus estimate of $1.57 by $0.02. Akamai Technologies had a return on equity of 11.32% and a net margin of 9.51%.The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the prior year, the business posted $1.73 EPS. The business’s revenue for the quarter 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 3.91 earnings per share for the current fiscal 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.