BlackRock Updates Passive Stake in Akamai Technologies

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

From the Filing

0001086364-24-002276.txt : 20240124 0001086364-24-002276.hdr.sgml : 20240124 20240124142713 ACCESSION NUMBER: 0001086364-24-002276 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240124 DATE AS OF CHANGE: 20240124 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AKAMAI TECHNOLOGIES INC CENTRAL INDEX KEY: 0001086222 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 043432319 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-57113 FILM NUMBER: 24555803 BUSINESS ADDRESS: STREET 1: 145 BROADWAY CITY: CAMBRIDGE STATE: MA ZIP: 02142 BUSINESS PHONE: 6174443000 MAIL ADDRESS: STREET 1: 145 BROADWAY CITY: CAMBRIDGE STATE: MA ZIP: 02142 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us00971t1016_012424.txt us00971t1016_012424.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 11) AKAMAI TECHNOLOGIES INC -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 00971T101 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 00971T101 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 13165324 (6) Shared voting power 0 (7) Sole dispositive power 14300241 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 14300241 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 9.5% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- AKAMAI TECHNOLOGIES INC Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 145 BROADWAY CAMBRIDGE MA 02142 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or principal business office or, if none, residence: ------------------------------------------