California State Teachers Retirement System Buys 32,400 Shares of Akamai Technologies, Inc. $AKAM

California State Teachers Retirement System lifted its stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 23.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 167,857 shares of the technology infrastructure company’s stock after purchasing an additional 32,400 shares during the quarter. California State Teachers Retirement System’s holdings in Akamai Technologies were worth $19,278,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of AKAM. Contravisory Investment Management Inc. bought a new position in Akamai Technologies in the 1st quarter valued at about $1,172,000. HighTower Advisors LLC lifted its holdings in shares of Akamai Technologies by 132.4% during the 4th quarter. HighTower Advisors LLC now owns 25,960 shares of the technology infrastructure company’s stock worth $2,265,000 after acquiring an additional 14,792 shares during the period. Leeward Investments LLC MA boosted its position in shares of Akamai Technologies by 32.6% during the 4th quarter. Leeward Investments LLC MA now owns 148,104 shares of the technology infrastructure company’s stock worth $12,922,000 after acquiring an additional 36,395 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of Akamai Technologies by 88.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 461,461 shares of the technology infrastructure company’s stock worth $40,262,000 after acquiring an additional 216,222 shares in the last quarter. Finally, Baker Avenue Asset Management LP bought a new position in Akamai Technologies in the fourth quarter valued at approximately $1,393,000. Institutional investors own 94.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Raymond James Financial boosted their price objective on shares of Akamai Technologies from $140.00 to $170.00 in a research report on Monday, May 11th. UBS Group raised their target price on Akamai Technologies from $110.00 to $160.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Oppenheimer lifted their price target on Akamai Technologies from $115.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Craig Hallum raised Akamai Technologies from a “hold” rating to a “buy” rating and set a $190.00 price target for the company in a report on Friday, May 8th. Finally, JPMorgan Chase & Co. upped their price objective on Akamai Technologies from $72.00 to $100.00 in a research report on Friday, May 8th. Twelve equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $145.29.

Akamai Technologies Price Performance

AKAM stock opened at $115.18 on Friday. The stock has a market cap of $16.74 billion, a price-to-earnings ratio of 38.78, a P/E/G ratio of 3.61 and a beta of 0.63. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.06 and a quick ratio of 2.06. The company has a 50 day simple moving average of $127.56 and a 200 day simple moving average of $114.83. Akamai Technologies, Inc. has a 1 year low of $69.78 and a 1 year high of $165.45.

Akamai Technologies (NASDAQ:AKAM) last issued its earnings results on Thursday, May 7th. The technology infrastructure company reported $1.61 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.61. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. Akamai Technologies had a net margin of 10.20% and a return on equity of 12.96%. The company’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the business posted $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. Research analysts anticipate that Akamai Technologies, Inc. will post 3.91 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CTO Robert Blumofe sold 243 shares of the business’s 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 sale, the chief technology officer owned 31,006 shares in the company, valued at $4,012,486.46. The trade was a 0.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at 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 company’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $135.57, for a total value of $311,811.00. Following the completion of the transaction, the executive vice president directly owned 59,210 shares of the company’s stock, valued at approximately $8,027,099.70. The trade was 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 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.