Akamai Technologies (NASDAQ:AKAM) Stock Price Target Raised at President Capital

Akamai Technologies (NASDAQ:AKAM) had its target price increased by equities researchers at President Capital from $150.00 to $168.00 in a report released on Wednesday. The brokerage currently has a “buy” rating on the technology infrastructure company’s stock. President Capital’s price objective indicates a potential upside of 54.91% from the stock’s previous close.

A number of other equities analysts also recently commented on AKAM. Guggenheim lifted their price target on shares of Akamai Technologies from $190.00 to $225.00 and gave the company a “buy” rating in a research note on Friday, September 25th. Zacks Research upgraded Akamai Technologies from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. DA Davidson decreased their target price on Akamai Technologies from $185.00 to $150.00 and set a “buy” rating for the company in a research report on Monday. Evercore reissued an “outperform” rating on shares of Akamai Technologies in a research report on Friday. Finally, HSBC lowered Akamai Technologies from a “buy” rating to a “hold” rating and cut their price target for the company from $171.00 to $123.00 in a research note on Monday, August 10th. Thirteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $150.10.

Akamai Technologies Price Performance

NASDAQ:AKAM opened at $108.45 on Wednesday. The business’s 50-day moving average is $112.37 and its 200 day moving average is $118.89. Akamai Technologies has a 12 month low of $70.82 and a 12 month high of $165.45. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $15.59 billion, a P/E ratio of 39.01, a P/E/G ratio of 5.11 and a beta of 0.63.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.57 by $0.02. The company had revenue of $1.10 billion during 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 firm’s revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the business posted $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. On average, equities research analysts forecast that Akamai Technologies will post 3.59 earnings per share for the current fiscal year.

Insider Transactions at Akamai Technologies

In other Akamai Technologies news, EVP Kim Salem-Jackson sold 2,013 shares of the firm’s stock in a transaction dated Friday, September 25th. The stock was sold at an average price of $128.00, for a total value of $257,664.00. Following the completion of the sale, the executive vice president owned 57,197 shares of the company’s stock, valued at approximately $7,321,216. This trade represents a 3.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mani Sundaram sold 7,022 shares of the business’s stock in a transaction dated Friday, September 25th. The stock was sold at an average price of $125.62, for a total value of $882,103.64. Following the sale, the executive vice president owned 14,625 shares in the company, valued at $1,837,192.50. The trade was a 32.44% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 12,135 shares of company stock valued at $1,467,221 in the last quarter. 2.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Akamai Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its stake in 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 valued at $397,881,000 after purchasing an additional 349,451 shares in the last quarter. Norges Bank acquired a new stake in shares of Akamai Technologies during the fourth quarter worth $192,959,000. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Akamai Technologies in the 2nd quarter valued at $222,046,000. William Blair Investment Management LLC acquired a new position in shares of Akamai Technologies in the 2nd quarter valued at $181,508,000. Finally, Legal & General Group Plc purchased a new position in Akamai Technologies in the 2nd quarter worth $159,564,000. 94.28% of the stock is owned by hedge funds and other institutional investors.

About Akamai Technologies

Akamai Technologies, Inc (NASDAQ: AKAM) provides cloud computing, cybersecurity and content delivery services for businesses and public-sector organizations. Its distributed edge platform helps customers deliver websites, applications, media and other digital experiences while improving performance, availability and scalability.

The company’s services include web and application performance optimization, content delivery, cloud infrastructure, application and API security, distributed denial-of-service protection, zero-trust security and bot management.