Zacks Research Upgrades Akamai Technologies (NASDAQ:AKAM) to Hold

Akamai Technologies (NASDAQ:AKAM) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Several other research firms also recently commented on AKAM. Guggenheim lifted their price objective on Akamai Technologies from $133.00 to $181.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Scotiabank upped their target price on shares of Akamai Technologies from $120.00 to $180.00 and gave the company a “sector outperform” rating in a research note on Friday, May 8th. Oppenheimer upped their target price on shares of Akamai Technologies from $115.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. JPMorgan Chase & Co. raised their price target on shares of Akamai Technologies from $72.00 to $100.00 in a report on Friday, May 8th. Finally, UBS Group increased their price objective on shares of Akamai Technologies from $110.00 to $160.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Twelve research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Akamai Technologies presently has an average rating of “Hold” and an average price target of $145.29.

Akamai Technologies Trading Up 0.8%

NASDAQ:AKAM opened at $126.11 on Monday. The stock has a market cap of $18.33 billion, a price-to-earnings ratio of 42.46, a PEG ratio of 3.92 and a beta of 0.63. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.84. The company’s 50 day moving average price is $134.78 and its 200-day moving average price is $112.30. Akamai Technologies has a 52 week low of $69.78 and a 52 week high of $165.45.

Akamai Technologies (NASDAQ:AKAM) last posted its earnings results on Thursday, May 7th. The technology infrastructure company reported $1.61 EPS for the quarter, hitting analysts’ consensus estimates of $1.61. Akamai Technologies had a return on equity of 12.96% and a net margin of 10.20%.The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the company earned $1.70 EPS. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. Akamai Technologies has set its FY 2026 guidance at 6.400-7.150 EPS and its Q2 2026 guidance at 1.450-1.650 EPS. On average, equities research analysts forecast that Akamai Technologies will post 3.92 earnings per share for the current fiscal year.

Insider Activity at Akamai Technologies

In other Akamai Technologies news, CTO Robert Blumofe sold 243 shares of the stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $129.41, for a total value of $31,446.63. Following the transaction, the chief technology officer directly owned 31,006 shares in the company, valued at approximately $4,012,486.46. This trade represents a 0.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kim Salem-Jackson sold 2,300 shares of Akamai Technologies stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $135.57, for a total transaction of $311,811.00. Following the transaction, the executive vice president owned 59,210 shares in the company, valued at $8,027,099.70. This represents a 3.74% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Akamai Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the stock. JFS Wealth Advisors LLC grew its holdings in Akamai Technologies by 626.2% during the fourth quarter. JFS Wealth Advisors LLC now owns 305 shares of the technology infrastructure company’s stock valued at $27,000 after purchasing an additional 263 shares during the period. Sarver Vrooman Wealth Advisors bought a new position in shares of Akamai Technologies in the fourth quarter worth about $31,000. Root Financial Partners LLC raised its stake in shares of Akamai Technologies by 45.8% in the fourth quarter. Root Financial Partners LLC now owns 350 shares of the technology infrastructure company’s stock worth $31,000 after buying an additional 110 shares during the period. CYBER HORNET ETFs LLC purchased a new position in shares of Akamai Technologies during the 2nd quarter valued at about $32,000. Finally, WealthCollab LLC lifted its position in shares of Akamai Technologies by 154.2% during the 4th quarter. WealthCollab LLC now owns 394 shares of the technology infrastructure company’s stock valued at $34,000 after buying an additional 239 shares in the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Akamai Technologies Company Profile

Akamai Technologies, Inc is a leading provider of content delivery network (CDN) services and cloud security solutions designed to optimize and safeguard digital experiences. Leveraging a globally distributed platform, the company accelerates web and mobile content delivery for enterprises, media companies, e-commerce platforms and government agencies. Its edge computing architecture brings processing power closer to end users, reducing latency and improving application performance across geographies.

The company’s core offerings include content acceleration, web and mobile performance optimization, media delivery, and a suite of cybersecurity solutions that protect against DDoS attacks, application-layer threats and bot-driven fraud.