William Blair Investment Management LLC Acquires New Holdings in Akamai Technologies, Inc. $AKAM

Key Points

• William Blair Investment Management acquired 1.54 million Akamai shares worth approximately $181.5 million, giving it a 1.07% stake. Institutional investors collectively own 94.28% of the company.
• Akamai exceeded quarterly expectations, reporting $1.59 in EPS versus the $1.57 consensus and $1.10 billion in revenue, up 5.4% year over year. Management guided for third-quarter 2026 EPS of $1.60–$1.80.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $144.14, while the stock recently opened at $110.42.

William Blair Investment Management LLC bought a new stake in Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,535,467 shares of the technology infrastructure company's stock, valued at approximately $181,508,000. William Blair Investment Management LLC owned about 1.07% of Akamai Technologies at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of AKAM. Norges Bank purchased a new stake in shares of Akamai Technologies in the 4th quarter valued at approximately $192,959,000. Edmond DE Rothschild Holding S.A. purchased a new position in shares of Akamai Technologies during the 2nd quarter worth approximately $222,046,000. AQR Capital Management LLC increased its holdings in Akamai Technologies by 522.8% in the 3rd quarter. AQR Capital Management LLC now owns 2,020,346 shares of the technology infrastructure company's stock valued at $153,061,000 after purchasing an additional 1,695,937 shares during the last quarter. Alyeska Investment Group L.P. increased its holdings in Akamai Technologies by 570.0% in the 3rd quarter. Alyeska Investment Group L.P. now owns 1,634,040 shares of the technology infrastructure company's stock valued at $123,795,000 after purchasing an additional 1,390,167 shares during the last quarter. Finally, Rubric Capital Management LP purchased a new stake in Akamai Technologies in the fourth quarter valued at approximately $104,700,000. Hedge funds and other institutional investors own 94.28% of the company's stock.

Insider Activity at Akamai Technologies

In related news, CTO Robert Blumofe sold 243 shares of the firm's stock in a transaction that occurred 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 sale, the chief technology officer owned 31,006 shares of the company's stock, valued at $4,012,486.46. This trade represents a 0.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 Akamai Technologies stock in a transaction that occurred 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 transaction, the executive vice president owned 59,210 shares of the company's stock, valued at $8,027,099.70. This represents 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. 2.30% of the stock is owned by company insiders.

Akamai Technologies Stock Up 0.3%

Akamai Technologies stock opened at $110.42 on Friday. The firm has a market capitalization of $15.87 billion, a P/E ratio of 39.72, a P/E/G ratio of 5.01 and a beta of 0.63. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.23. Akamai Technologies, Inc. has a twelve month low of $70.82 and a twelve month high of $165.45. The stock's fifty day simple moving average is $119.17 and its 200-day simple moving average is $117.26.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last released its earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.57 by $0.02. The firm had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.09 billion. Akamai Technologies had a return on equity of 11.32% and a net margin of 9.51%.Akamai Technologies's revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.73 EPS. 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. As a group, equities analysts expect that Akamai Technologies, Inc. will post 3.7 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AKAM has been the subject of several research analyst reports. HSBC lowered Akamai Technologies from a "buy" rating to a "hold" rating and lowered their price target for the stock from $171.00 to $123.00 in a research report on Monday, August 10th. Scotiabank increased their target price on Akamai Technologies from $120.00 to $180.00 and gave the stock a "sector outperform" rating in a research note on Friday, May 8th. TD Cowen increased their target price on Akamai Technologies from $135.00 to $140.00 and gave the stock a "hold" rating in a research note on Friday, August 7th. UBS Group raised their target price on Akamai Technologies from $125.00 to $143.00 and gave the company a "neutral" rating in a report on Friday, August 7th. Finally, Susquehanna dropped their target price on Akamai Technologies from $175.00 to $140.00 and set a "positive" rating for the company in a research report on Monday, August 10th. Twelve equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, Akamai Technologies currently has a consensus rating of "Hold" and an average price target of $144.14.

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.

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