California State Teachers Retirement System Grows Holdings in Akamai Technologies, Inc. $AKAM

California State Teachers Retirement System boosted its position in Akamai Technologies, Inc. (NASDAQ:AKAM) by 11,945.9% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 20,219,939 shares of the technology infrastructure company’s stock after purchasing an additional 20,052,082 shares during the period. California State Teachers Retirement System owned about 0.14% of Akamai Technologies worth $2,390,199,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AKAM. Norges Bank bought a new position in shares of Akamai Technologies during the 4th quarter worth approximately $192,959,000. Edmond DE Rothschild Holding S.A. bought a new position in shares of Akamai Technologies in the second quarter valued at approximately $222,046,000. AQR Capital Management LLC grew its holdings in shares of Akamai Technologies by 522.8% in the third quarter. AQR Capital Management LLC now owns 2,020,346 shares of the technology infrastructure company’s stock valued at $153,061,000 after acquiring an additional 1,695,937 shares in the last quarter. William Blair Investment Management LLC bought a new stake in Akamai Technologies during the second quarter worth $181,508,000. Finally, Alyeska Investment Group L.P. boosted its position in Akamai Technologies by 570.0% in the third quarter. Alyeska Investment Group L.P. now owns 1,634,040 shares of the technology infrastructure company’s stock worth $123,795,000 after purchasing an additional 1,390,167 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Key Headlines Impacting Akamai Technologies

Here are the key news stories impacting Akamai Technologies this week:

• Positive Sentiment: Expanded MuleSoft collaboration: Akamai announced an expanded integration with MuleSoft that combines Akamai API Security intelligence with MuleSoft’s Agent Fabric. The offering is designed to help enterprises discover and govern APIs, AI agents and MCP servers; more than 20 joint customers are already using the integration. Akamai and MuleSoft Unify Real-Time API Defense and AI Policy Control
• Positive Sentiment: ITV streaming win: ITV selected Akamai TrafficPeak, powered by Hydrolix, to improve real-time monitoring of its ITVX streaming infrastructure during the World Cup. Faster issue detection could help protect service reliability and advertising revenue, although the announcement did not disclose financial terms. ITV Selects Akamai TrafficPeak to Optimize World Cup Streaming
• Positive Sentiment: Favorable investor commentary: Jim Cramer called Akamai “terrific,” while recent conference appearances and commentary kept attention on the company’s faster-growing security and cloud infrastructure operations. Second-quarter security revenue rose 10% year over year and cloud infrastructure revenue increased 39%, according to the supplied analysis. Lightning Round: Akamai is terrific, says Jim Cramer
• Neutral Sentiment: Conference updates: Akamai management appeared at the Citi Global TMT and Goldman Sachs Communacopia + Technology conferences, but the provided entries contain no specific new guidance or material disclosures. Goldman Sachs conference transcript
• Negative Sentiment: Insider selling may weigh on sentiment: The supplied data shows eight insider sales and no purchases during the past six months. This can raise caution among investors, although insider sales do not necessarily indicate a change in business outlook.
• Negative Sentiment: Valuation and profit-taking concerns: Akamai trades at a reported P/E ratio above 38, leaving the stock sensitive to expectations. After its recent advance, investors may be locking in gains while waiting for clearer evidence that cloud and security growth can offset slower legacy delivery operations.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on AKAM shares. JPMorgan Chase & Co. raised Akamai Technologies from an “underweight” rating to a “neutral” rating and raised their target price for the company from $132.00 to $158.00 in a research report on Thursday, August 13th. TD Cowen increased their price target on shares of Akamai Technologies from $135.00 to $140.00 and gave the company a “hold” rating in a research report on Friday, August 7th. Morgan Stanley raised their price objective on shares of Akamai Technologies from $120.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. HSBC lowered shares of Akamai Technologies from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $171.00 to $123.00 in a research report on Monday, August 10th. Finally, Citigroup dropped their target price on shares of Akamai Technologies from $160.00 to $122.00 and set a “neutral” rating on the stock in a research note on Friday, September 4th. Thirteen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $141.62.

Insiders Place Their Bets

In other news, CTO Robert Blumofe sold 243 shares of Akamai Technologies stock in a transaction dated 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 owned 31,006 shares in the company, valued at $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 Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.30% of the stock is owned by corporate insiders.

Akamai Technologies Stock Down 3.3%

Shares of NASDAQ AKAM opened at $107.13 on Friday. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.64 and a quick ratio of 1.64. The stock has a market capitalization of $15.40 billion, a PE ratio of 38.54, a P/E/G ratio of 5.11 and a beta of 0.63. Akamai Technologies, Inc. has a one year low of $70.82 and a one year high of $165.45. The business’s fifty day moving average price is $115.39 and its 200-day moving average price is $118.07.

Akamai Technologies (NASDAQ:AKAM) last announced its quarterly earnings data on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.02. Akamai Technologies had a return on equity of 11.32% and a net margin of 9.51%.The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the firm posted $1.73 EPS. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. Akamai Technologies has set its Q3 2026 guidance at 1.600-1.800 EPS and its FY 2026 guidance at 6.400-7.050 EPS. On average, equities research analysts anticipate that Akamai Technologies, Inc. will post 3.66 EPS for the current year.

Akamai Technologies Company Profile

Akamai Technologies, Inc is a global technology company that provides cloud computing, content delivery and cybersecurity services. Its distributed platform helps businesses deliver websites, applications, software downloads, video and other digital content with improved speed, availability and scalability.

The company’s offerings include content delivery and edge computing services, cloud infrastructure, web and application performance solutions, and security products designed to protect applications, application programming interfaces, networks and users from cyber threats.