Akamai Technologies, Inc. $AKAM Shares Bought by CIBC Asset Management Inc

CIBC Asset Management Inc boosted its stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 54.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 32,160 shares of the technology infrastructure company’s stock after buying an additional 11,335 shares during the period. CIBC Asset Management Inc’s holdings in Akamai Technologies were worth $2,806,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AKAM. Smartleaf Asset Management LLC boosted its stake in Akamai Technologies by 566.7% during the third quarter. Smartleaf Asset Management LLC now owns 340 shares of the technology infrastructure company’s stock worth $26,000 after buying an additional 289 shares during the last quarter. JFS Wealth Advisors LLC boosted its stake in Akamai Technologies by 626.2% during the fourth quarter. JFS Wealth Advisors LLC now owns 305 shares of the technology infrastructure company’s stock worth $27,000 after buying an additional 263 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new position in Akamai Technologies during the third quarter worth $30,000. Root Financial Partners LLC boosted its stake 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 buying an additional 110 shares during the last quarter. Finally, CYBER HORNET ETFs LLC acquired a new position in Akamai Technologies during the second quarter worth $32,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Akamai Technologies Price Performance

AKAM opened at $149.32 on Monday. The stock’s 50-day moving average price is $124.37 and its 200 day moving average price is $105.46. Akamai Technologies, Inc. has a 12-month low of $69.78 and a 12-month high of $165.45. 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 $21.71 billion, a price-to-earnings ratio of 50.28, a PEG ratio of 4.71 and a beta of 0.59.

Akamai Technologies (NASDAQ:AKAM) last posted its earnings results on Thursday, May 7th. The technology infrastructure company reported $1.61 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.61. Akamai Technologies had a return on equity of 12.96% and a net margin of 10.20%.The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the company earned $1.70 EPS. Akamai Technologies’s revenue was up 5.8% on a year-over-year basis. 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, sell-side analysts expect that Akamai Technologies, Inc. will post 3.89 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. KeyCorp boosted their price objective on Akamai Technologies from $115.00 to $120.00 and gave the stock an “overweight” rating in a research note on Friday, February 20th. Susquehanna upped their price target on Akamai Technologies from $120.00 to $175.00 and gave the company a “positive” rating in a research note on Monday, May 11th. Royal Bank Of Canada upped their price target on Akamai Technologies from $100.00 to $150.00 and gave the company a “sector perform” rating in a research note on Friday, May 8th. Craig Hallum raised Akamai Technologies from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a research note on Friday, May 8th. Finally, Raymond James Financial upped their price target on Akamai Technologies from $140.00 to $170.00 in a research note on Monday, May 11th. Twelve equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Akamai Technologies currently has an average rating of “Hold” and an average price target of $145.29.

Insider Transactions at Akamai Technologies

In other Akamai Technologies news, EVP Anthony P. Williams sold 15,000 shares of the stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $104.29, for a total value of $1,564,350.00. Following the sale, the executive vice president owned 22,064 shares of the company’s stock, valued at $2,301,054.56. This trade represents a 40.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.30% of the stock is owned by corporate insiders.

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.