New York State Teachers Retirement System Has $10.41 Million Position in Akamai Technologies, Inc. $AKAM

New York State Teachers Retirement System lowered its holdings in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 1.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,509 shares of the technology infrastructure company’s stock after selling 1,886 shares during the period. New York State Teachers Retirement System’s holdings in Akamai Technologies were worth $10,409,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Alyeska Investment Group L.P. boosted its stake in shares of Akamai Technologies by 1,001.4% in the 1st quarter. Alyeska Investment Group L.P. now owns 1,753,400 shares of the technology infrastructure company’s stock valued at $141,149,000 after purchasing an additional 1,594,206 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in Akamai Technologies by 1,663.2% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,027,175 shares of the technology infrastructure company’s stock worth $81,927,000 after buying an additional 968,919 shares in the last quarter. Vontobel Holding Ltd. lifted its position in Akamai Technologies by 147.0% during the 2nd quarter. Vontobel Holding Ltd. now owns 1,471,281 shares of the technology infrastructure company’s stock worth $117,349,000 after buying an additional 875,712 shares in the last quarter. Vanguard Group Inc. lifted its position in Akamai Technologies by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 18,673,358 shares of the technology infrastructure company’s stock worth $1,503,205,000 after buying an additional 425,461 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in Akamai Technologies by 5,385.9% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 353,734 shares of the technology infrastructure company’s stock worth $28,476,000 after buying an additional 347,286 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Akamai Technologies Stock Performance

Shares of AKAM stock opened at $72.86 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.31 and a quick ratio of 2.31. The stock has a market cap of $10.45 billion, a PE ratio of 25.84, a price-to-earnings-growth ratio of 3.48 and a beta of 0.75. The stock has a 50-day moving average of $76.20 and a 200-day moving average of $77.07. Akamai Technologies, Inc. has a one year low of $67.51 and a one year high of $106.80.

Akamai Technologies (NASDAQ:AKAM) last announced its quarterly earnings results on Thursday, August 7th. The technology infrastructure company reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.18. Akamai Technologies had a return on equity of 14.26% and a net margin of 10.40%.The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the prior year, the business posted $1.58 EPS. Akamai Technologies’s revenue was up 6.5% on a year-over-year basis. Akamai Technologies has set its FY 2025 guidance at 6.600-6.800 EPS. Q3 2025 guidance at 1.620-1.660 EPS. As a group, sell-side analysts expect that Akamai Technologies, Inc. will post 4.6 earnings per share for the current year.

Insider Activity at Akamai Technologies

In related news, CTO Robert Blumofe sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $77.00, for a total value of $231,000.00. Following the completion of the transaction, the chief technology officer directly owned 27,910 shares in the company, valued at approximately $2,149,070. The trade was a 9.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Aaron Ahola sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $75.76, for a total value of $303,040.00. Following the completion of the transaction, the executive vice president owned 21,211 shares of the company’s stock, valued at $1,606,945.36. This represents a 15.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 12,000 shares of company stock worth $917,290. 2.00% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Weiss Ratings downgraded shares of Akamai Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, October 8th. Morgan Stanley cut Akamai Technologies from an “equal weight” rating to an “underweight” rating and set a $85.00 price objective for the company. in a report on Tuesday, August 5th. Wall Street Zen raised Akamai Technologies from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. The Goldman Sachs Group started coverage on Akamai Technologies in a report on Wednesday, August 13th. They set a “sell” rating and a $67.00 price objective for the company. Finally, DA Davidson reissued a “buy” rating and set a $115.00 price objective on shares of Akamai Technologies in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have assigned a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, Akamai Technologies has an average rating of “Hold” and a consensus target price of $93.58.

Akamai Technologies Profile

Akamai Technologies, Inc provides cloud computing, security, and content delivery services in the United States and internationally. The company offers cloud solutions to keep infrastructure, websites, applications, application programming interfaces, and users safe from various cyberattacks and online threats while enhancing performance.