TimesSquare Capital Management LLC Purchases Shares of 230,524 Akamai Technologies, Inc. $AKAM

TimesSquare Capital Management LLC purchased a new stake in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 230,524 shares of the technology infrastructure company’s stock, valued at approximately $27,250,000. TimesSquare Capital Management LLC owned 0.16% of Akamai Technologies as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of AKAM. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Akamai Technologies in the second quarter valued at $23,416,000. Persistent Asset Partners Ltd acquired a new position in Akamai Technologies during the second quarter worth about $54,000. OneDigital Investment Advisors LLC acquired a new position in Akamai Technologies during the second quarter worth about $401,000. Simplicity Wealth LLC bought a new stake in Akamai Technologies in the second quarter worth about $212,000. Finally, Global Retirement Partners LLC bought a new stake in Akamai Technologies in the second quarter worth about $312,000. Institutional investors own 94.28% of the company’s stock.

Wall Street Analysts Forecast Growth

AKAM has been the subject of several research reports. Raymond James Financial raised their price objective on shares of Akamai Technologies from $140.00 to $170.00 in a research report on Monday, May 11th. Craig Hallum raised shares of Akamai Technologies from a “hold” rating to a “buy” rating and set a $190.00 target price for the company in a research note on Friday, May 8th. Susquehanna reduced their target price on shares of Akamai Technologies from $175.00 to $140.00 and set a “positive” rating for the company in a report on Monday, August 10th. HSBC cut Akamai Technologies from a “buy” rating to a “hold” rating and dropped their price target for the company from $171.00 to $123.00 in a report on Monday, August 10th. Finally, The Goldman Sachs Group raised their price objective on Akamai Technologies from $76.00 to $87.00 and gave the stock a “sell” rating in a research note on Friday, May 8th. Twelve research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $144.14.

Akamai Technologies Stock Down 1.6%

AKAM opened at $122.97 on Tuesday. Akamai Technologies, Inc. has a fifty-two week low of $70.82 and a fifty-two week high of $165.45. The business has a 50-day moving average of $120.88 and a 200-day moving average of $117.03. 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 company has a market capitalization of $17.67 billion, a PE ratio of 44.23, a price-to-earnings-growth ratio of 5.42 and a beta of 0.63.

Akamai Technologies (NASDAQ:AKAM) last announced its quarterly earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 EPS for the quarter, beating 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 business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the previous year, the business posted $1.73 EPS. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. 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. Equities research analysts forecast that Akamai Technologies, Inc. will post 3.88 EPS for the current fiscal year.

Insider Buying and Selling

In other 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 transaction of $31,446.63. Following the transaction, the chief technology officer owned 31,006 shares in the company, valued at approximately $4,012,486.46. This trade represents a 0.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 that occurred on 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 sale, the executive vice president owned 59,210 shares of the company’s stock, valued at approximately $8,027,099.70. This trade represents a 3.74% decrease in their ownership of the stock. 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 owned by insiders.

Akamai Technologies 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.