Akamai Technologies (NASDAQ:AKAM) Stock Rating Reaffirmed as “Sector Perform” by Royal Bank Of Canada

Akamai Technologies (NASDAQ:AKAM)‘s stock had its “sector perform” rating reaffirmed by investment analysts at Royal Bank Of Canada in a research note issued to investors on Friday, Benzinga reports. They presently have a $135.00 price objective on the technology infrastructure company’s stock. Royal Bank Of Canada’s target price would indicate a potential upside of 19.51% from the stock’s current price.

AKAM has been the topic of a number of other research reports. TD Cowen lifted their price target on Akamai Technologies from $140.00 to $149.00 and gave the stock a “hold” rating in a research note on Friday. Citigroup cut their target price on Akamai Technologies from $160.00 to $122.00 and set a “neutral” rating for the company in a research report on Friday, September 4th. Zacks Research upgraded Akamai Technologies from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Evercore reiterated an “outperform” rating on shares of Akamai Technologies in a 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 report on Monday, August 10th. Thirteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $149.29.

Akamai Technologies Trading Down 0.9%

Shares of NASDAQ AKAM traded down $0.98 during midday trading on Friday, hitting $112.96. The stock had a trading volume of 1,368,842 shares, compared to its average volume of 4,618,028. The company has a market capitalization of $16.24 billion, a price-to-earnings ratio of 40.77, a PEG ratio of 5.28 and a beta of 0.63. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.23. Akamai Technologies has a 1-year low of $70.82 and a 1-year high of $165.45. The company has a fifty day moving average price of $112.98 and a 200 day moving average price of $118.84.

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. Akamai Technologies had a return on equity of 11.32% and a net margin of 9.51%.The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the previous year, the firm posted $1.73 earnings per share. The company’s revenue was up 5.4% compared to the same quarter last year. 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, analysts predict that Akamai Technologies will post 3.63 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Paul Joseph sold 3,100 shares of the company’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $105.63, for a total transaction of $327,453.00. Following the transaction, the executive vice president owned 28,472 shares of the company’s stock, valued at $3,007,497.36. This represents a 9.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On Akamai Technologies

Large investors have recently modified their holdings of the business. QRG Capital Management Inc. lifted its stake in shares of Akamai Technologies by 1,716.7% during the 2nd quarter. QRG Capital Management Inc. now owns 32,610 shares of the technology infrastructure company’s stock valued at $3,855,000 after buying an additional 30,815 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in Akamai Technologies by 114.7% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 6,073 shares of the technology infrastructure company’s stock worth $718,000 after purchasing an additional 3,244 shares during the period. Sequoia Financial Advisors LLC grew its holdings in Akamai Technologies by 263.5% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 98,149 shares of the technology infrastructure company’s stock valued at $11,602,000 after buying an additional 71,147 shares in the last quarter. Tidal Investments LLC increased its position in shares of Akamai Technologies by 328.9% during the second quarter. Tidal Investments LLC now owns 181,197 shares of the technology infrastructure company’s stock valued at $21,419,000 after buying an additional 138,950 shares during the period. Finally, Capital Analysts LLC boosted its position in shares of Akamai Technologies by 71.0% in the second quarter. Capital Analysts LLC now owns 2,957 shares of the technology infrastructure company’s stock valued at $350,000 after acquiring an additional 1,228 shares during the period. Hedge funds and other institutional investors own 94.28% of the company’s stock.

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.