Akamai Technologies, Inc.

NASDAQ Global Select
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Bullish +55

California State Teachers Retirement System Has $19.28 Million Stock ...

AI-generated analysis

🏛️ California State Teachers Retirement System increased its Akamai stake by 23.9% in Q1, adding 32,400 shares to a total holding of 167,857 shares valued at $19.28 million.

📈 Root Financial Partners lifted its position by 45.8% to 350 shares, while WealthCollab grew its stake by 154.2% to 394 shares in the fourth quarter.

🔍 JPMorgan Chase raised its price target from $72.00 to $100.00, and HSBC increased its objective from $134.00 to $171.00 in recent research notes.

💰 Guggenheim upgraded Akamai to a 'buy' rating with a $181 price objective, while Craig Hallum upgraded the stock to 'buy' with a $190 target.

📊 The company reported Q2 earnings of $1.61 per share and revenue of $1.07 billion, both matching analyst consensus estimates exactly.

🚀 Revenue grew 5.8% year-over-year, driven by the company's core content delivery network (CDN) and cloud security solutions.

📅 Akamai provided FY 2026 EPS guidance of $6.40-$7.15 and Q2 2026 guidance of $1.45-$1.65 per share.

💼 EVP Kim Salem-Jackson sold 2,300 shares for $311,811 under a pre-arranged Rule 10b5-1 trading plan on June 10th.

👨‍💻 CTO Robert Blumofe sold 243 shares for $31,446 on June 18th, reducing his direct ownership by 0.78%.

📉 The stock trades at a P/E ratio of 38.78 with a market cap of $16.74 billion and a debt-to-equity ratio of 0.84.

Bullish Signals
  • California State Teachers Retirement System significantly increased its stake by 23.9% in Q1, adding 32,400 shares to a total holding of 167,857 shares valued at $19.28 million.
  • Root Financial Partners lifted its position by 45.8% in the fourth quarter, and WealthCollab grew its stake by 154.2%, indicating continued institutional interest.
  • JPMorgan Chase raised its price target from $72.00 to $100.00, while HSBC increased its objective from $134.00 to $171.00 in recent research notes.
  • Guggenheim upgraded Akamai to a 'buy' rating with a $181 price objective, and Craig Hallum upgraded the stock to 'buy' with a $190 target.
  • The company reported Q2 earnings of $1.61 per share and revenue of $1.07 billion, both matching analyst consensus estimates exactly.
  • Revenue grew 5.8% year-over-year, supported by a return on equity of 12.96% and a net margin of 10.20%.
Risk Factors
  • EVP Kim Salem-Jackson sold 2,300 shares for $311,811 under a pre-arranged Rule 10b5-1 trading plan on June 10th.
  • CTO Robert Blumofe sold 243 shares for $31,446 on June 18th, reducing his direct ownership by 0.78%.
Full Analysis
California State Teachers Retirement System increased its stake in Akamai Technologies by 23.9% in the first quarter, adding 32,400 shares to a total holding of 167,857 shares valued at approximately $19.28 million. Several other institutional investors also adjusted their positions, with Root Financial Partners lifting its stake by 45.8% and WealthCollab growing its position by 154.2%, while new positions were initiated by Sarver Vrooman Wealth Advisors, CYBER HORNET ETFs LLC, and Align Financial LLC. Analyst sentiment has shifted positively in recent months, with major firms like JPMorgan Chase raising their price target from $72 to $100, HSBC increasing its objective to $171, and Guggenheim upgrading the rating to 'buy' with a $181 target. Craig Hallum also upgraded the stock to 'buy' with a $190 target. The consensus average rating remains 'Hold' at $145.29, based on twelve buy ratings, eight hold ratings, and two sell ratings from various equities research analysts. Financially, Akamai reported earnings of $1.61 per share in the last quarter, matching analyst estimates exactly, with revenue of $1.07 billion also meeting expectations. Revenue grew 5.8% year-over-year, supported by a return on equity of 12.96% and a net margin of 10.20%. The company has provided guidance for FY 2026 EPS between $6.40 and $7.15, and Q2 2026 EPS between $1.45 and $1.65. Insider trading activity saw EVP Kim Salem-Jackson sell 2,300 shares under a pre-arranged Rule 10b5-1 plan for approximately $311,811, reducing her stake by 3.74%. CTO Robert Blumofe also sold 243 shares for about $31,446. The company maintains a market cap of $16.74 billion with a debt-to-equity ratio of 0.84 and a P/E ratio of 38.78. Insider ownership stands at 2.30% of the total stock.