Brokerages Set Akamai Technologies, Inc. (NASDAQ:AKAM) Target Price at $141.62

Shares of Akamai Technologies, Inc. (NASDAQ:AKAM) have received a consensus recommendation of “Hold” from the twenty-four ratings firms that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $141.6190.

A number of equities analysts have recently issued reports on AKAM shares. TD Cowen increased their target price on Akamai Technologies from $135.00 to $140.00 and gave the stock a “hold” rating in a research note on Friday, August 7th. Citigroup decreased their price target on Akamai Technologies from $160.00 to $122.00 and set a “neutral” rating on the stock in a research note on Friday, September 4th. UBS Group upped their price objective on Akamai Technologies from $125.00 to $143.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Guggenheim increased their price objective on Akamai Technologies from $181.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Finally, Royal Bank Of Canada cut their price objective on Akamai Technologies from $150.00 to $135.00 and set a “sector perform” rating for the company in a research report on Friday, August 7th.

Akamai Technologies Trading Down 0.9%

Shares of Akamai Technologies stock opened at $104.48 on Friday. Akamai Technologies has a 52-week low of $70.82 and a 52-week high of $165.45. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.23. The company’s 50-day simple moving average is $114.49 and its 200-day simple moving average is $118.24. The firm has a market cap of $15.02 billion, a price-to-earnings ratio of 37.58, a price-to-earnings-growth ratio of 4.87 and a beta of 0.63.

Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.02. Akamai Technologies had a net margin of 9.51% and a return on equity of 11.32%. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the prior year, the company posted $1.73 earnings per share. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. 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. As a group, equities research analysts anticipate that Akamai Technologies will post 3.64 earnings per share for the current year.

Insider Buying and Selling at Akamai Technologies

In other news, EVP Paul Joseph sold 3,100 shares of the stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $105.63, for a total value of $327,453.00. Following the completion of the transaction, the executive vice president owned 28,472 shares in the company, valued at $3,007,497.36. This trade represents a 9.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its stake in shares of Akamai Technologies by 11.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,464,793 shares of the technology infrastructure company’s stock worth $397,881,000 after acquiring an additional 349,451 shares in the last quarter. Norges Bank purchased a new position in Akamai Technologies in the 4th quarter valued at approximately $192,959,000. Edmond DE Rothschild Holding S.A. purchased a new position in Akamai Technologies in the 2nd quarter valued at approximately $222,046,000. William Blair Investment Management LLC acquired a new position in Akamai Technologies during the second quarter worth $181,508,000. Finally, Legal & General Group Plc acquired a new position in Akamai Technologies during the second quarter worth $159,564,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

About Akamai Technologies

Akamai Technologies, Inc is a global technology company that provides cloud computing, content delivery and cybersecurity services. Its distributed platform helps businesses deliver websites, applications, software downloads, video and other digital content with improved speed, availability and scalability.

The company’s offerings include content delivery and edge computing services, cloud infrastructure, web and application performance solutions, and security products designed to protect applications, application programming interfaces, networks and users from cyber threats.