Akamai Technologies (NASDAQ:AKAM) Stock Rating Raised to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Akamai Technologies (NASDAQ:AKAM) from a sell rating to a hold rating in a report published on Saturday morning,Wall Street Zen reports.

A number of other equities analysts also recently weighed in on the stock. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $135.00 target price on shares of Akamai Technologies in a research note on Friday, September 25th. Susquehanna dropped their price target on shares of Akamai Technologies from $175.00 to $140.00 and set a “positive” rating on the stock in a report on Monday, August 10th. UBS Group lifted their price objective on Akamai Technologies from $143.00 to $148.00 and gave the stock a “neutral” rating in a report on Friday, September 25th. Zacks Research upgraded shares of Akamai Technologies from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Finally, President Capital upped their price target on Akamai Technologies from $150.00 to $168.00 and gave the stock a “buy” rating in a research report on Wednesday, September 30th. Thirteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $150.10.

Akamai Technologies Stock Down 4.9%

AKAM opened at $87.81 on Friday. The business’s fifty day simple moving average is $108.64 and its 200 day simple moving average is $118.00. 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 stock has a market cap of $12.62 billion, a PE ratio of 31.59, a P/E/G ratio of 4.13 and a beta of 0.62.

Akamai Technologies (NASDAQ:AKAM) last issued its earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.02. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Akamai Technologies had a net margin of 9.51% and a return on equity of 11.32%. The firm’s revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.73 EPS. 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, research analysts expect that Akamai Technologies will post 3.58 earnings per share for the current fiscal year.

Insider Activity at Akamai Technologies

In related news, EVP Paul C. Joseph sold 3,100 shares of the business’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $105.63, for a total transaction of $327,453.00. Following the completion of the transaction, the executive vice president directly owned 28,472 shares in the company, valued at $3,007,497.36. The trade was a 9.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kim Salem-Jackson sold 2,013 shares of the company’s stock in a transaction dated Friday, September 25th. The stock was sold at an average price of $128.00, for a total transaction of $257,664.00. Following the completion of the transaction, 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 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 have sold a total of 12,135 shares of company stock valued at $1,467,221 over the last ninety days. 2.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Akamai Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SteelPeak Wealth LLC acquired a new stake in Akamai Technologies during the 3rd quarter worth approximately $547,000. USA Financial Formulas acquired a new stake in Akamai Technologies during the 3rd quarter worth $267,000. TD Waterhouse Canada Inc. purchased a new position in shares of Akamai Technologies in the 3rd quarter valued at approximately $335,000. Pension & Wealth Management Advisors Inc. increased its stake in Akamai Technologies by 43.1% in the 3rd quarter. Pension & Wealth Management Advisors Inc. now owns 644 shares of the technology infrastructure company’s stock valued at $68,000 after buying an additional 194 shares during the period. Finally, V Square Quantitative Management LLC raised its holdings in Akamai Technologies by 33.7% during the third quarter. V Square Quantitative Management LLC now owns 3,654 shares of the technology infrastructure company’s stock worth $389,000 after purchasing an additional 920 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

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.