TimesSquare Capital Management LLC Makes New $27.25 Million Investment in Akamai Technologies, Inc. $AKAM

TimesSquare Capital Management LLC acquired a new position in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 230,524 shares of the technology infrastructure company’s stock, valued at approximately $27,250,000.

Other hedge funds have also made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Akamai Technologies in the 2nd quarter valued at approximately $23,416,000. Persistent Asset Partners Ltd bought a new stake in shares of Akamai Technologies in the 2nd quarter worth approximately $54,000. OneDigital Investment Advisors LLC acquired a new stake in shares of Akamai Technologies during the 2nd quarter worth approximately $401,000. Simplicity Wealth LLC bought a new stake in shares of Akamai Technologies during the second quarter valued at approximately $212,000. Finally, Global Retirement Partners LLC bought a new stake in shares of Akamai Technologies during the second quarter valued at approximately $312,000. Institutional investors own 94.28% of the company’s stock.

Insider Activity

In other Akamai Technologies news, EVP Kim Salem-Jackson sold 2,300 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The shares were 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 in the company, valued at approximately $8,027,099.70. This trade represents a 3.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Robert Blumofe sold 243 shares of the business’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $129.41, for a total transaction of $31,446.63. Following the completion of the transaction, the chief technology officer directly owned 31,006 shares of the company’s stock, valued at approximately $4,012,486.46. This represents a 0.78% decrease in their ownership of the stock. 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 corporate insiders.

Akamai Technologies Trading Down 1.6%

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

Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings data on Thursday, August 6th. The technology infrastructure company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.02. The company 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 in the previous year, the firm earned $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. Analysts expect that Akamai Technologies, Inc. will post 3.88 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on AKAM shares. Guggenheim raised their price objective on shares of Akamai Technologies from $181.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Akamai Technologies in a research note on Wednesday, June 24th. Susquehanna dropped their price target on shares of Akamai Technologies from $175.00 to $140.00 and set a “positive” rating for the company in a research report on Monday, August 10th. Scotiabank raised their price target on shares of Akamai Technologies from $120.00 to $180.00 and gave the stock a “sector outperform” rating in a research note on Friday, May 8th. Finally, Raymond James Financial lifted their price objective on Akamai Technologies from $140.00 to $170.00 in a report on Monday, May 11th. Twelve research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price 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.