L2 Asset Management LLC Purchases Shares of 12,242 Akamai Technologies, Inc. $AKAM

L2 Asset Management LLC purchased a new stake in Akamai Technologies, Inc. (NASDAQ:AKAM) during the second quarter, Holdings Channel reports. The firm purchased 12,242 shares of the technology infrastructure company’s stock, valued at approximately $1,447,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of AKAM. First Trust Advisors LP grew its holdings in Akamai Technologies by 16.5% in the fourth quarter. First Trust Advisors LP now owns 6,752,000 shares of the technology infrastructure company’s stock worth $589,112,000 after purchasing an additional 957,345 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Akamai Technologies by 11.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,464,793 shares of the technology infrastructure company’s stock valued at $397,881,000 after purchasing an additional 349,451 shares during the last quarter. Invesco Ltd. boosted its position in shares of Akamai Technologies by 5.8% in the 3rd quarter. Invesco Ltd. now owns 3,239,099 shares of the technology infrastructure company’s stock worth $245,394,000 after purchasing an additional 177,756 shares in the last quarter. Norges Bank acquired a new stake in shares of Akamai Technologies in the 4th quarter worth $192,959,000. Finally, Alyeska Investment Group L.P. grew its stake in Akamai Technologies by 34.5% during the 4th quarter. Alyeska Investment Group L.P. now owns 2,197,218 shares of the technology infrastructure company’s stock worth $191,707,000 after buying an additional 563,178 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on AKAM. Zacks Research raised Akamai Technologies from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Susquehanna lowered their price target on Akamai Technologies from $175.00 to $140.00 and set a “positive” rating for the company in a report on Monday, August 10th. UBS Group boosted their price target on Akamai Technologies from $125.00 to $143.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. HSBC downgraded shares of Akamai Technologies from a “buy” rating to a “hold” rating and cut their price objective for the company from $171.00 to $123.00 in a report on Monday, August 10th. Finally, Royal Bank Of Canada lowered their target price 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. Twelve analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $144.14.

Insider Activity at Akamai Technologies

In other news, EVP Kim Salem-Jackson sold 2,300 shares of the company’s stock in a transaction 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 sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 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 owned 31,006 shares in the company, valued at $4,012,486.46. The trade was 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.

Akamai Technologies Trading Down 4.3%

Shares of NASDAQ:AKAM opened at $105.66 on Tuesday. 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 $15.19 billion, a price-to-earnings ratio of 38.01, a PEG ratio of 5.07 and a beta of 0.63. 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 business has a 50-day moving average price of $118.60 and a 200-day moving average price of $117.50.

Akamai Technologies (NASDAQ:AKAM) last released its earnings results 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 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 the consensus estimate of $1.09 billion. During the same quarter in the previous year, the company posted $1.73 earnings per share. The company’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. Equities analysts predict that Akamai Technologies, Inc. will post 3.67 EPS for the current 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.