Royal Bank Of Canada Reaffirms Sector Perform Rating for Akamai Technologies (NASDAQ:AKAM)

Akamai Technologies (NASDAQ:AKAM)‘s stock had its “sector perform” rating reaffirmed by 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 price target suggests a potential upside of 18.48% from the company’s current price.

AKAM has been the topic of a number of other reports. JPMorgan Chase & Co. raised Akamai Technologies from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $132.00 to $158.00 in a research note on Thursday, August 13th. HSBC cut shares of Akamai Technologies from a “buy” rating to a “hold” rating and dropped their price target for the stock from $171.00 to $123.00 in a research note on Monday, August 10th. TD Cowen raised their price objective on shares of Akamai Technologies from $140.00 to $149.00 and gave the company a “hold” rating in a research note on Friday. Bank of America upped their target price on shares of Akamai Technologies from $175.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Zacks Research upgraded shares of Akamai Technologies from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. 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’s stock. According to data from MarketBeat, Akamai Technologies presently has an average rating of “Hold” and a consensus target price of $149.29.

Akamai Technologies Stock Performance

NASDAQ:AKAM opened at $113.94 on Friday. Akamai Technologies has a 12 month low of $70.82 and a 12 month high of $165.45. The stock has a market cap of $16.38 billion, a price-to-earnings ratio of 40.99, a P/E/G ratio of 5.28 and a beta of 0.63. The company has a 50-day moving average price of $112.98 and a 200-day moving average price of $118.84. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.23.

Akamai Technologies (NASDAQ:AKAM) last announced its 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. The firm 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%.During the same quarter in the prior year, the company earned $1.73 EPS. The business’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. Equities analysts predict that Akamai Technologies will post 3.63 EPS for the current year.

Insider Transactions at Akamai Technologies

In other Akamai Technologies news, EVP Paul Joseph sold 3,100 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $105.63, for a total transaction of $327,453.00. Following the sale, the executive vice president directly owned 28,472 shares of the company’s stock, valued at $3,007,497.36. This trade represents a 9.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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

Hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its holdings in shares of 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 worth $397,881,000 after purchasing an additional 349,451 shares during the last quarter. Norges Bank purchased a new stake in shares of Akamai Technologies during the 4th quarter valued at about $192,959,000. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Akamai Technologies in the 2nd quarter valued at approximately $222,046,000. William Blair Investment Management LLC bought a new stake in Akamai Technologies in the second quarter worth $181,508,000. Finally, Legal & General Group Plc purchased a new stake in shares of Akamai Technologies in the second quarter valued at $159,564,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

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.