William Blair Investment Management LLC Invests $181.51 Million in Akamai Technologies, Inc. $AKAM

William Blair Investment Management LLC bought a new position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 1,535,467 shares of the technology infrastructure company’s stock, valued at approximately $181,508,000.

Several other hedge funds also recently added to or reduced their stakes in AKAM. Contravisory Investment Management Inc. acquired a new stake in Akamai Technologies during the 1st quarter worth $1,172,000. HighTower Advisors LLC boosted its stake in Akamai Technologies by 132.4% in the fourth quarter. HighTower Advisors LLC now owns 25,960 shares of the technology infrastructure company’s stock valued at $2,265,000 after acquiring an additional 14,792 shares in the last quarter. Leeward Investments LLC MA grew its holdings in shares of Akamai Technologies by 32.6% during the fourth quarter. Leeward Investments LLC MA now owns 148,104 shares of the technology infrastructure company’s stock worth $12,922,000 after purchasing an additional 36,395 shares during the last quarter. Baker Avenue Asset Management LP purchased a new position in shares of Akamai Technologies during the fourth quarter worth about $1,393,000. Finally, Todd Asset Management LLC increased its position in shares of Akamai Technologies by 63.8% during the fourth quarter. Todd Asset Management LLC now owns 429,949 shares of the technology infrastructure company’s stock worth $37,513,000 after purchasing an additional 167,500 shares in the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Zacks Research raised Akamai Technologies from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. UBS Group lifted their price target on Akamai Technologies from $125.00 to $143.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Citigroup boosted their price objective on Akamai Technologies from $110.00 to $160.00 and gave the company a “neutral” rating in a research note on Friday, May 15th. The Goldman Sachs Group increased their price objective on Akamai Technologies from $76.00 to $87.00 and gave the company a “sell” rating in a report on Friday, May 8th. Finally, Craig Hallum upgraded shares of Akamai Technologies from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a research report on Friday, May 8th. Twelve equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Akamai Technologies has an average rating of “Hold” and an average target price of $144.14.

Insider Activity at Akamai Technologies

In other Akamai Technologies news, CTO Robert Blumofe sold 243 shares of the business’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 transaction, the chief technology officer directly owned 31,006 shares of the company’s stock, valued at approximately $4,012,486.46. The trade was a 0.78% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed 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 company’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 transaction, the executive vice president 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. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.30% of the company’s stock.

Akamai Technologies Price Performance

Shares of NASDAQ:AKAM opened at $110.42 on Friday. Akamai Technologies, Inc. has a one year low of $70.82 and a one year high of $165.45. The stock has a market capitalization of $15.87 billion, a price-to-earnings ratio of 39.72, a PEG ratio of 5.01 and a beta of 0.63. The company has a 50-day simple moving average of $119.17 and a 200-day simple moving average of $117.26. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.64 and a current ratio of 1.64.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.02. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. Akamai Technologies had a return on equity of 11.32% and a net margin of 9.51%.The business’s revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the company posted $1.73 earnings per share. 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, analysts predict that Akamai Technologies, Inc. will post 3.7 EPS for the current year.

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.