Pacer Advisors Inc. Has $2.33 Million Position in Akamai Technologies, Inc. $AKAM

Pacer Advisors Inc. raised its holdings in Akamai Technologies, Inc. (NASDAQ:AKAM) by 33.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,643 shares of the technology infrastructure company’s stock after buying an additional 6,671 shares during the quarter. Pacer Advisors Inc.’s holdings in Akamai Technologies were worth $2,325,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in AKAM. Fox Run Management L.L.C. lifted its position in shares of Akamai Technologies by 467.7% during the 3rd quarter. Fox Run Management L.L.C. now owns 19,144 shares of the technology infrastructure company’s stock worth $1,450,000 after buying an additional 15,772 shares during the period. Grantham Mayo Van Otterloo & Co. LLC grew its position in Akamai Technologies by 42.4% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 251,322 shares of the technology infrastructure company’s stock valued at $19,040,000 after acquiring an additional 74,791 shares during the period. HighTower Advisors LLC raised its stake in Akamai Technologies by 132.4% during the fourth quarter. HighTower Advisors LLC now owns 25,960 shares of the technology infrastructure company’s stock worth $2,265,000 after acquiring an additional 14,792 shares in the last quarter. Invenomic Capital Management LP raised its stake in Akamai Technologies by 16.6% during the third quarter. Invenomic Capital Management LP now owns 499,097 shares of the technology infrastructure company’s stock worth $37,812,000 after acquiring an additional 71,173 shares in the last quarter. Finally, Leeward Investments LLC MA raised its stake in Akamai Technologies by 32.6% during the fourth quarter. Leeward Investments LLC MA now owns 148,104 shares of the technology infrastructure company’s stock worth $12,922,000 after acquiring an additional 36,395 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Insider Transactions at Akamai Technologies

In other news, CTO Robert Blumofe sold 243 shares of the stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $129.41, for a total transaction of $31,446.63. Following the sale, the chief technology officer directly owned 31,006 shares of the company’s stock, valued at $4,012,486.46. This represents a 0.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kim Salem-Jackson sold 2,300 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $135.57, for a total transaction of $311,811.00. Following the completion of the sale, the executive vice president directly owned 59,210 shares of the company’s stock, valued at approximately $8,027,099.70. This represents a 3.74% 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 Stock Performance

Shares of NASDAQ:AKAM opened at $119.87 on Wednesday. The business has a fifty day moving average of $128.49 and a 200-day moving average of $108.98. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.06 and a current ratio of 2.06. Akamai Technologies, Inc. has a twelve month low of $69.78 and a twelve month high of $165.45. The firm has a market cap of $17.43 billion, a PE ratio of 40.36, a price-to-earnings-growth ratio of 3.77 and a beta of 0.59.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly 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 net margin of 10.20% and a return on equity of 12.96%. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the company earned $1.70 EPS. The firm’s quarterly 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. On average, equities research analysts predict that Akamai Technologies, Inc. will post 3.93 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on AKAM. Bank of America upgraded shares of Akamai Technologies from a “neutral” rating to a “buy” rating and boosted their target price for the company from $130.00 to $175.00 in a research note on Wednesday, May 13th. Citigroup lifted their price target on shares of Akamai Technologies from $110.00 to $160.00 and gave the company a “neutral” rating in a report on Friday, May 15th. Scotiabank boosted their price target 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. HSBC upped their price objective on shares of Akamai Technologies from $134.00 to $171.00 in a research note on Monday, May 11th. Finally, Raymond James Financial raised their price objective on shares of Akamai Technologies from $140.00 to $170.00 in a report 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $145.29.

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.