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 restated by equities researchers at Royal Bank Of Canada in a note issued to investors on Friday, Benzinga reports. They presently have a $135.00 price target on the technology infrastructure company’s stock. Royal Bank Of Canada’s price target would indicate a potential upside of 22.43% from the stock’s current price.

Several other brokerages have also weighed in on AKAM. Zacks Research raised Akamai Technologies from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Bank of America increased their target price on Akamai Technologies from $175.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday. HSBC lowered Akamai Technologies from a “buy” rating to a “hold” rating and cut their target price for the stock from $171.00 to $123.00 in a research report on Monday, August 10th. Susquehanna cut their target price on Akamai Technologies from $175.00 to $140.00 and set a “positive” rating on the stock in a research report on Monday, August 10th. Finally, Piper Sandler raised Akamai Technologies from a “neutral” rating to an “overweight” rating and cut their target price for the stock from $140.00 to $125.00 in a research report on Tuesday, September 1st. Thirteen research 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. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $149.29.

Akamai Technologies Trading Down 3.2%

Shares of AKAM traded down $3.67 during trading hours on Friday, hitting $110.27. The stock had a trading volume of 2,011,862 shares, compared to its average volume of 4,621,397. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.64 and a current ratio of 1.64. The firm has a market cap of $15.85 billion, a P/E ratio of 39.89, a P/E/G ratio of 5.28 and a beta of 0.63. The company’s fifty day simple moving average is $112.98 and its 200 day simple moving average is $118.84. Akamai Technologies has a 12-month low of $70.82 and a 12-month high of $165.45.

Akamai Technologies (NASDAQ:AKAM) last issued its earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.02. The business had revenue of $1.10 billion for 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 business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the company posted $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. Equities research analysts forecast that Akamai Technologies will post 3.63 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Paul Joseph sold 3,100 shares of the business’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $105.63, for a total value of $327,453.00. Following the completion of the sale, the executive vice president directly owned 28,472 shares of the company’s stock, valued at $3,007,497.36. The trade was a 9.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Akamai Technologies

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

Akamai Technologies Company Profile

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.