Carnegie Investment Counsel Has $9 Million Holdings in Akamai Technologies, Inc. $AKAM

Carnegie Investment Counsel grew its holdings in Akamai Technologies, Inc. (NASDAQ:AKAM) by 6.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 78,353 shares of the technology infrastructure company’s stock after acquiring an additional 4,515 shares during the quarter. Carnegie Investment Counsel owned 0.05% of Akamai Technologies worth $8,999,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Contravisory Investment Management Inc. acquired a new stake in shares of Akamai Technologies during the first quarter worth $1,172,000. HighTower Advisors LLC increased its holdings in Akamai Technologies by 132.4% during the 4th quarter. HighTower Advisors LLC now owns 25,960 shares of the technology infrastructure company’s stock worth $2,265,000 after purchasing an additional 14,792 shares in the last quarter. Invenomic Capital Management LP raised its stake in shares of Akamai Technologies by 16.6% in the 3rd quarter. Invenomic Capital Management LP now owns 499,097 shares of the technology infrastructure company’s stock valued at $37,812,000 after purchasing an additional 71,173 shares during the period. Leeward Investments LLC MA lifted its holdings in shares of Akamai Technologies by 32.6% in the fourth quarter. Leeward Investments LLC MA now owns 148,104 shares of the technology infrastructure company’s stock valued at $12,922,000 after purchasing an additional 36,395 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its position in shares of Akamai Technologies by 88.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 461,461 shares of the technology infrastructure company’s stock worth $40,262,000 after buying an additional 216,222 shares during the period. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Kim Salem-Jackson sold 2,300 shares of Akamai Technologies stock in a transaction that occurred 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 completion of the sale, the executive vice president directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 company’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $129.41, for a total value of $31,446.63. Following the sale, the chief technology officer owned 31,006 shares of the company’s stock, valued at approximately $4,012,486.46. The trade was a 0.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.30% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Zacks Research lowered Akamai Technologies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. Oppenheimer boosted their price objective on shares of Akamai Technologies from $115.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. HSBC raised their target price on shares of Akamai Technologies from $134.00 to $171.00 in a research report on Monday, May 11th. Raymond James Financial boosted their price target on shares of Akamai Technologies from $140.00 to $170.00 in a research report on Monday, May 11th. Finally, Scotiabank increased their price objective on shares of Akamai Technologies from $120.00 to $180.00 and gave the stock a “sector outperform” rating in a research note on Friday, May 8th. 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.com, the stock presently has a consensus rating of “Hold” and an average price target of $145.29.

Akamai Technologies Stock Performance

AKAM opened at $126.19 on Monday. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.84. Akamai Technologies, Inc. has a 12-month low of $69.78 and a 12-month high of $165.45. The business has a 50 day moving average of $134.17 and a 200-day moving average of $111.78. The stock has a market cap of $18.35 billion, a price-to-earnings ratio of 42.49, a PEG ratio of 3.96 and a beta of 0.63.

Akamai Technologies (NASDAQ:AKAM) last posted its earnings results on Thursday, May 7th. The technology infrastructure company reported $1.61 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.61. Akamai Technologies had a return on equity of 12.96% and a net margin of 10.20%.The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the firm earned $1.70 EPS. The firm’s revenue was up 5.8% compared to the same quarter last year. 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 expect that Akamai Technologies, Inc. will post 3.92 earnings per share 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.