Akamai Technologies (NASDAQ:AKAM) Price Target Raised to $168.00

Akamai Technologies (NASDAQ:AKAM) had its price target hoisted by President Capital from $150.00 to $168.00 in a report published on Wednesday. The firm currently has a buy rating on the technology infrastructure company’s stock.

A number of other research analysts have also commented on the company. TD Cowen upped their price target on Akamai Technologies from $140.00 to $149.00 and gave the company a “hold” rating in a research report on Friday, September 25th. Wall Street Zen lowered Akamai Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, September 26th. Citigroup reduced their target price on Akamai Technologies from $160.00 to $122.00 and set a “neutral” rating on the stock in a research note on Friday, September 4th. Piper Sandler restated an “overweight” rating and set a $158.00 target price (up from $125.00) on shares of Akamai Technologies in a report on Friday, September 25th. Finally, Zacks Research upgraded Akamai Technologies from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. 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 stock. Based on data from MarketBeat, Akamai Technologies has a consensus rating of “Hold” and an average target price of $150.10.

Akamai Technologies Price Performance

Shares of Akamai Technologies stock opened at $108.92 on Wednesday. The company’s fifty day simple moving average is $111.67 and its two-hundred day simple moving average is $118.82. Akamai Technologies has a 12-month low of $70.82 and a 12-month high of $165.45. The firm has a market cap of $15.65 billion, a PE ratio of 39.18, a price-to-earnings-growth ratio of 5.03 and a beta of 0.62. 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 (NASDAQ:AKAM) last issued its quarterly earnings data on Thursday, August 6th. The technology infrastructure company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.57 by $0.02. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. Akamai Technologies had a net margin of 9.51% and a return on equity of 11.32%. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.73 earnings per share. 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, equities analysts expect that Akamai Technologies will post 3.58 EPS for the current year.

Insider Buying and Selling

In other Akamai Technologies news, EVP Paul C. Joseph sold 3,100 shares of Akamai Technologies 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 completion of the transaction, the executive vice president owned 28,472 shares in the company, valued at approximately $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 can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mani Sundaram sold 7,022 shares of the business’s stock in a transaction on Friday, September 25th. The stock was sold at an average price of $125.62, for a total value of $882,103.64. Following the completion of the sale, the executive vice president directly owned 14,625 shares in the company, valued at $1,837,192.50. This trade represents a 32.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 12,135 shares of company stock worth $1,467,221 in the last 90 days. Insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On Akamai Technologies

Institutional investors and hedge funds have recently modified their holdings of the stock. CX Institutional increased its stake in Akamai Technologies by 146.9% during the 3rd quarter. CX Institutional now owns 9,445 shares of the technology infrastructure company’s stock valued at $1,004,000 after purchasing an additional 5,620 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of Akamai Technologies by 260.6% in the third quarter. Versant Capital Management Inc now owns 696 shares of the technology infrastructure company’s stock worth $74,000 after buying an additional 503 shares in the last quarter. QRG Capital Management Inc. lifted its stake in shares of Akamai Technologies by 1,716.7% in the second quarter. QRG Capital Management Inc. now owns 32,610 shares of the technology infrastructure company’s stock worth $3,855,000 after buying an additional 30,815 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Akamai Technologies by 114.7% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,073 shares of the technology infrastructure company’s stock valued at $718,000 after buying an additional 3,244 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its position in shares of Akamai Technologies by 263.5% during the second quarter. Sequoia Financial Advisors LLC now owns 98,149 shares of the technology infrastructure company’s stock valued at $11,602,000 after acquiring an additional 71,147 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors.

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.