New York State Teachers Retirement System Raises Stake in Akamai Technologies, Inc. $AKAM

New York State Teachers Retirement System grew its position in Akamai Technologies, Inc. (NASDAQ:AKAM) by 7.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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’s holdings in Akamai Technologies were 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 AKAM. JFS Wealth Advisors LLC lifted its stake in shares of Akamai Technologies by 626.2% during the 4th quarter. JFS Wealth Advisors LLC now owns 305 shares of the technology infrastructure company’s stock valued at $27,000 after buying an additional 263 shares in the last quarter. Sarver Vrooman Wealth Advisors purchased a new stake in Akamai Technologies in the 4th quarter worth $31,000. Root Financial Partners LLC raised its holdings in Akamai Technologies by 45.8% during the fourth quarter. Root Financial Partners LLC now owns 350 shares of the technology infrastructure company’s stock valued at $31,000 after acquiring an additional 110 shares during the period. CYBER HORNET ETFs LLC bought a new stake in Akamai Technologies during the second quarter valued at about $32,000. Finally, WealthCollab LLC lifted its position in shares of Akamai Technologies by 154.2% in the fourth quarter. WealthCollab LLC now owns 394 shares of the technology infrastructure company’s stock valued at $34,000 after acquiring an additional 239 shares in the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CTO Robert Blumofe sold 243 shares of the firm’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 completion of the transaction, the chief technology officer directly owned 31,006 shares of the company’s stock, valued at approximately $4,012,486.46. This trade represents a 0.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 on Wednesday, June 10th. The stock was sold at an average price of $135.57, for a total transaction of $311,811.00. Following the completion of the sale, the executive vice president owned 59,210 shares in the company, 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. 2.30% of the stock is currently owned by corporate insiders.

Akamai Technologies Stock Performance

Shares of AKAM stock opened at $113.17 on Friday. 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 stock has a market capitalization of $16.45 billion, a price-to-earnings ratio of 38.10, a price-to-earnings-growth 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. The stock’s 50-day moving average price is $131.63 and its 200-day moving average price is $110.44.

Akamai Technologies (NASDAQ:AKAM) last announced its quarterly earnings results on Thursday, May 7th. The technology infrastructure company reported $1.61 EPS for the quarter, meeting analysts’ consensus estimates of $1.61. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.07 billion. Akamai Technologies had a return on equity of 12.96% and a net margin of 10.20%.The firm’s revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.70 earnings per share. 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. Equities research analysts predict that Akamai Technologies, Inc. will post 3.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on AKAM shares. Morgan Stanley upped their price objective on Akamai Technologies from $120.00 to $165.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. Craig Hallum raised Akamai Technologies from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a research note on Friday, May 8th. Evercore started coverage on Akamai Technologies in a report on Tuesday, April 14th. They issued an “outperform” rating and a $130.00 price target on the stock. Zacks Research downgraded Akamai Technologies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $110.00 price objective on shares of Akamai Technologies in a report on Thursday, April 2nd. Twelve equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $145.29.

About Akamai Technologies

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.