New York State Teachers Retirement System Acquires 8,792 Shares of Akamai Technologies, Inc. $AKAM

New York State Teachers Retirement System lifted its holdings in Akamai Technologies, Inc. (NASDAQ:AKAM) by 7.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 132,493 shares of the technology infrastructure company’s stock after purchasing an additional 8,792 shares during the quarter. New York State Teachers Retirement System owned 0.09% of Akamai Technologies worth $15,217,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Private Advisor Group LLC increased its holdings in Akamai Technologies by 30.2% in the 1st quarter. Private Advisor Group LLC now owns 6,802 shares of the technology infrastructure company’s stock worth $781,000 after buying an additional 1,576 shares in the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. lifted its stake in Akamai Technologies by 106.2% during the 1st quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. now owns 120,419 shares of the technology infrastructure company’s stock valued at $13,830,000 after acquiring an additional 62,013 shares during the period. Keybank National Association OH boosted its holdings in shares of Akamai Technologies by 21.1% during the 1st quarter. Keybank National Association OH now owns 4,117 shares of the technology infrastructure company’s stock valued at $473,000 after acquiring an additional 716 shares during the last quarter. KPP Advisory Services LLC purchased a new stake in shares of Akamai Technologies during the 1st quarter valued at about $232,000. Finally, Palouse Capital Management Inc. grew its stake in shares of Akamai Technologies by 1.8% in the first quarter. Palouse Capital Management Inc. now owns 26,594 shares of the technology infrastructure company’s stock worth $3,054,000 after acquiring an additional 472 shares during the period. 94.28% of the stock is owned by institutional investors.

Insider Buying and Selling at Akamai Technologies

In related news, CTO Robert Blumofe sold 243 shares of Akamai Technologies stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $129.41, for a total transaction of $31,446.63. Following the transaction, the chief technology officer directly owned 31,006 shares in the company, valued at approximately $4,012,486.46. The trade was 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 accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kim Salem-Jackson sold 2,300 shares of the business’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $135.57, for a total value of $311,811.00. Following the sale, the executive vice president directly owned 59,210 shares of the company’s stock, valued at $8,027,099.70. This represents a 3.74% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.30% of the company’s stock.

Akamai Technologies Stock Performance

AKAM opened at $113.17 on Friday. The company’s 50 day moving average is $131.63 and its 200 day moving average is $110.44. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.84. The company has a market cap of $16.45 billion, a price-to-earnings ratio of 38.10, a PEG ratio of 3.54 and a beta of 0.63. Akamai Technologies, Inc. has a 12-month low of $69.78 and a 12-month high of $165.45.

Akamai Technologies (NASDAQ:AKAM) last announced its earnings results on Thursday, May 7th. The technology infrastructure company reported $1.61 EPS for the quarter, meeting analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the prior year, the company earned $1.70 earnings per share. The firm’s 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 year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on AKAM shares. Bank of America raised shares of Akamai Technologies from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $130.00 to $175.00 in a report on Wednesday, May 13th. HSBC lifted their target price on shares of Akamai Technologies from $134.00 to $171.00 in a research report on Monday, May 11th. Scotiabank boosted their target price on shares of Akamai Technologies from $120.00 to $180.00 and gave the company a “sector outperform” rating in a research note on Friday, May 8th. The Goldman Sachs Group increased their price target on Akamai Technologies from $76.00 to $87.00 and gave the company a “sell” rating in a report on Friday, May 8th. Finally, UBS Group lifted their price objective on Akamai Technologies from $110.00 to $160.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Twelve investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Akamai Technologies currently has an average rating of “Hold” and a consensus 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.