Akamai Technologies, Inc.

NASDAQ Global Select
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Slightly Bullish +25

Contravisory Investment Management Inc. Takes $1.17 Million Position in ...

AI-generated analysis

📈 Contravisory Investment Management Inc. purchased a new position of 10,201 shares valued at $1.17 million in the first quarter.

📊 Brighton Jones LLC increased its stake by 101.4% to own 4,016 shares worth $384,000 during the fourth quarter.

📈 Empowered Funds LLC grew its holdings by 73.0% in the first quarter, now owning 7,134 shares valued at $574,000.

📉 EverSource Wealth Advisors LLC increased its position by 152.8% in the second quarter to own 1,163 shares worth $93,000.

📈 Raymond James Financial boosted its price objective from $140.00 to $170.00 in a report on May 11th.

📈 Morgan Stanley lifted its price target from $120.00 to $165.00 and assigned an 'overweight' rating on May 14th.

📈 Royal Bank Of Canada raised its price target from $100.00 to $150.00 with a 'sector perform' rating on May 8th.

⚖️ Robert W. Baird reissued a 'neutral' rating with a $110.00 price target in an April 2nd research note.

📊 Akamai reported EPS of $1.61 and revenue of $1.07 billion for the quarter, meeting consensus estimates exactly.

📈 Revenue grew by 5.8% compared to the same quarter last year, with a net margin of 10.20%.

🔮 The company set FY 2026 guidance at $6.40-$7.15 EPS and Q2 2026 guidance at $1.45-$1.65 EPS.

💰 Akamai has a market cap of $16.41 billion, a PEG ratio of 3.73, and a beta of 0.60.

📉 CTO Robert Blumofe sold 243 shares for $31,446.63 on June 18th under a pre-arranged Rule 10b5-1 trading plan.

📉 EVP Kim Salem-Jackson sold 2,300 shares for $311,811.00 on June 10th under a pre-arranged Rule 10b5-1 trading plan.

🏢 Hedge funds and other institutional investors own 94.28% of the company's outstanding stock.

🌐 Akamai provides content delivery network (CDN) services and cloud security solutions to optimize digital experiences.

🛡️ Core offerings include content acceleration, web performance optimization, media delivery, and cybersecurity against DDoS attacks.

📉 The stock opened at $112.89 with a 50-day moving average of $129.46 and a 200-day moving average of $109.42.

📊 Twelve analysts rate the stock as Buy, seven as Hold, and three as Sell according to MarketBeat data.

🏆 The company has a current ratio of 2.06, a quick ratio of 2.06, and a debt-to-equity ratio of 0.84.

Bullish Signals
  • Contravisory Investment Management Inc. initiated a new position valued at $1.17 million, signaling institutional interest.
  • Brighton Jones LLC increased its stake by 101.4% in the fourth quarter, demonstrating strong confidence in the company's trajectory.
  • Empowered Funds LLC grew its holdings by 73.0% in the first quarter, adding significant capital to its position.
  • EverSource Wealth Advisors LLC expanded its position by 152.8% in the second quarter, indicating bullish sentiment.
  • Raymond James Financial raised its price objective from $140.00 to $170.00, reflecting a positive outlook on valuation.
  • Morgan Stanley lifted its price target to $165.00 and assigned an 'overweight' rating, suggesting strong growth potential.
  • Royal Bank Of Canada increased its price target from $100.00 to $150.00 with a 'sector perform' rating.
  • Akamai reported revenue of $1.07 billion that met consensus estimates exactly, showing operational stability.
  • Revenue grew by 5.8% year-over-year, indicating continued top-line expansion in the technology infrastructure sector.
  • The company maintains a healthy balance sheet with a current ratio and quick ratio of 2.06 and a debt-to-equity ratio of 0.84.
Risk Factors
  • Robert W. Baird issued a 'neutral' rating with a price target of $110.00, which is below the current trading price.
  • Weiss Ratings restated a 'hold (c)' rating, indicating a lack of immediate upside catalysts in their view.
  • The consensus rating from twelve equities research analysts is 'Hold', suggesting mixed sentiment among sell-side experts.
  • CTO Robert Blumofe sold 243 shares for $31,446.63, representing a 0.78% decrease in his ownership stake.
  • EVP Kim Salem-Jackson sold 2,300 shares for $311,811.00, representing a 3.74% decrease in her ownership stake.
  • The stock is trading below its 50-day moving average of $129.46, indicating short-term weakness relative to recent momentum.
Full Analysis
Contravisory Investment Management Inc. established a new position in Akamai Technologies (NASDAQ: AKAM) during the first quarter, purchasing 10,201 shares valued at approximately $1.17 million. This filing is part of broader institutional activity, with other firms like Brighton Jones LLC and Empowered Funds LLC significantly increasing their stakes, while United Services Automobile Association and EverSource Wealth Advisors also initiated or grew positions in the technology infrastructure company. Analyst sentiment remains mixed but shows recent upward adjustments in price targets from major brokerages. Raymond James Financial raised its price objective to $170.00, Morgan Stanley increased its target to $165.00 with an 'overweight' rating, and Royal Bank of Canada lifted its target to $150.00. Conversely, Robert W. Baird issued a neutral rating with a $110.00 target, and Weiss Ratings maintained a hold status, resulting in a consensus 'Hold' rating with an average price target of $145.29. Akamai reported earnings for the quarter ending May 7th that met consensus estimates exactly, with EPS of $1.61 and revenue of $1.07 billion, representing a 5.8% year-over-year increase. The company maintains strong financial metrics including a market cap of $16.41 billion, a PEG ratio of 3.73, and healthy liquidity ratios. Management provided forward guidance for FY 2026 EPS between $6.40 and $7.15, while insiders recently executed pre-arranged sales under Rule 10b5-1 plans. The article concludes with a company overview describing Akamai as a leading provider of content delivery network (CDN) services and cloud security solutions. The firm leverages a globally distributed platform to optimize digital experiences for enterprises, media companies, and government agencies through edge computing architecture that reduces latency and improves application performance across various geographies.