BlackRock Updates Passive Stake in Akamai Technologies
Ticker: AKAM · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 1086222
| Field | Detail |
|---|---|
| Company | Akamai Technologies INC (AKAM) |
| Form Type | SC 13G/A |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment, 13G
TL;DR
**BlackRock still owns a chunk of Akamai, signaling institutional confidence.**
AI Summary
BlackRock Inc. has updated its ownership stake in Akamai Technologies Inc. as of December 31, 2023, filing an Amendment No. 11 to its Schedule 13G. This filing indicates BlackRock's continued significant, but passive, investment in Akamai. For investors, this means a major institutional player maintains a position, suggesting a degree of confidence in Akamai's long-term prospects, even if the exact percentage change isn't detailed in the provided snippet.
Why It Matters
This filing confirms BlackRock, a major institutional investor, continues to hold a significant, passive stake in Akamai, which can be seen as a vote of confidence in the company's stability and future outlook.
Risk Assessment
Risk Level: low — This is a routine update from a passive institutional investor and does not indicate any immediate risk or significant change in company fundamentals.
Analyst Insight
An investor should note that BlackRock's continued passive stake suggests stability, but this filing alone doesn't provide details on changes in their percentage ownership, so further investigation into the full filing for specific share counts would be prudent.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Akamai Technologies Inc. (company) — the subject company in which BlackRock holds shares
- December 31, 2023 (date) — the date of the event requiring this filing
- Amendment No. 11 (number) — the specific amendment number to the Schedule 13G filing
- 00971T101 (number) — the CUSIP number for Akamai Technologies Inc. Common Stock
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, specifically Amendment No. 11, filed by BlackRock Inc. regarding its ownership in Akamai Technologies Inc.
Who is the reporting person in this filing?
The reporting person in this filing is BlackRock Inc., a major institutional investment manager.
What is the subject company of this filing?
The subject company is AKAMAI TECHNOLOGIES INC, whose Common Stock is the subject of BlackRock's reported ownership.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b) of the Securities Exchange Act of 1934, as indicated by the 'X' in the appropriate box.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding AKAMAI TECHNOLOGIES INC (AKAM).