Bank of America 13F: Adds $28M to AKAM Stake

Bank of America Lifts Akamai Stake

Bank of America boosted its position in Akamai Technologies, Inc. (NasdaqGS: AKAM), according to a recent Form 13F filing with the Securities and Exchange Commission. The institution added 236,413 shares to its portfolio during the reporting period, representing a 7.7% increase from its prior holding of 3,058,122 shares. That brought Bank of America's total ownership to 3,294,535 shares. Based on market prices around the filing window, the stake carried an estimated value of roughly $389.7 million.

Inside the Institutional Position

The increase pushes Bank of America's holdings higher as the firm manages its exposure to the software infrastructure provider. Because 13F filings look backward at past quarters, this snapshot captures portfolio choices made earlier and may not reflect the institution's exact current share count today. Even so, adding over 236,000 shares signals a notable commitment to the Cambridge-based technology firm during that timeframe.

Akamai Stock Performance and Moving Averages

Shares of Akamai Technologies trade around $118.30, sitting well above the 50-day moving average of $109.36 and close to the 200-day moving average of $112.26. The stock has experienced a wide trading band over the past year, moving from a low of $70.82 up to a high of $165.45. With a trailing P/E ratio of 33.45 and a forward P/E ratio of 13.48, the valuation reflects shifting expectations for the company's security and cloud computing divisions.

Recent Analyst Rating Updates

Wall Street firms have kept busy updating their outlooks on the software provider. On September 30, 2026, DA Davidson maintained a buy rating on the stock with a price target of $150.00, following earlier adjustments by the firm that month. UBS kept a neutral rating on September 25, 2026, with a target of $148.00. Piper Sandler reiterated an overweight rating on September 25, 2026, raising its target to $158.00 from $125.00. TD Cowen maintained a hold rating with a $149.00 target on September 25, 2026, while JP Morgan kept a neutral rating with a target of $167.00 on the same day.

Cloud and Security Operations

Akamai Technologies operates out of Cambridge, Massachusetts, delivering security, cloud computing, and web performance solutions worldwide. Its platform protects applications and APIs against cyberattacks, manages traffic, and provides video streaming and media delivery services. The enterprise works with global clients to secure digital infrastructure and scale workloads efficiently.

What to Watch at Akamai Technologies, Inc.

Investors tracking Bank of America's portfolio moves can look toward future SEC filings for updates on its position size. Meanwhile, market participants can watch for Akamai's next earnings report, which is scheduled for November 5, 2026, to check on quarterly revenue and earnings figures.