Wall Street Zen Upgrades Akamai Technologies (NASDAQ:AKAM) to Hold

Akamai Technologies (NASDAQ:AKAM) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday, Wall Street Zen reports.

Several other research analysts also recently issued reports on the stock. Bank of America raised their price objective on shares of Akamai Technologies from $175.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, September 25th. Evercore reaffirmed an “outperform” rating on shares of Akamai Technologies in a report on Friday, September 25th. UBS Group increased their target price on shares of Akamai Technologies from $143.00 to $148.00 and gave the stock a “neutral” rating in a research note on Friday, September 25th. Susquehanna decreased their target price on shares of Akamai Technologies from $175.00 to $140.00 and set a “positive” rating for the company in a research note on Monday, August 10th. Finally, DA Davidson lowered their price target on Akamai Technologies from $185.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, September 28th. Thirteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $150.10.

Akamai Technologies Price Performance

AKAM stock opened at $87.81 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $12.62 billion, a P/E ratio of 31.59, a PEG ratio of 4.13 and a beta of 0.62. The business has a 50 day simple moving average of $108.64 and a 200-day simple moving average of $118.06. Akamai Technologies has a twelve month low of $70.82 and a twelve month high of $165.45.

Akamai Technologies (NASDAQ:AKAM) last announced its earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.02. Akamai Technologies had a net margin of 9.51% and a return on equity of 11.32%. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the previous year, the company posted $1.73 EPS. The company’s quarterly revenue was up 5.4% on a year-over-year basis. 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 anticipate that Akamai Technologies will post 3.58 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Paul C. Joseph sold 3,100 shares of the company’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 transaction, the executive vice president directly owned 28,472 shares of the company’s stock, valued at $3,007,497.36. This represents a 9.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through 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 stock in a transaction dated Friday, September 25th. The shares were 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 $7,321,216. This represents a 3.40% decrease in their position. 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. Over the last quarter, insiders sold 12,135 shares of company stock worth $1,467,221. 2.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC boosted its holdings in shares of Akamai Technologies by 3.1% during the first quarter. EverSource Wealth Advisors LLC now owns 2,356 shares of the technology infrastructure company’s stock worth $271,000 after purchasing an additional 70 shares during the last quarter. Tema ETFs LLC grew its position in shares of Akamai Technologies by 9.5% in the second quarter. Tema ETFs LLC now owns 1,664 shares of the technology infrastructure company’s stock valued at $197,000 after purchasing an additional 145 shares during the period. Forza Wealth Management LLC grew its position in shares of Akamai Technologies by 2.0% in the first quarter. Forza Wealth Management LLC now owns 8,009 shares of the technology infrastructure company’s stock valued at $920,000 after purchasing an additional 159 shares during the period. Groupama Asset Managment increased its stake in Akamai Technologies by 6.0% in the first quarter. Groupama Asset Managment now owns 3,383 shares of the technology infrastructure company’s stock valued at $389,000 after purchasing an additional 191 shares during the last quarter. Finally, Pension & Wealth Management Advisors Inc. increased its stake in Akamai Technologies by 43.1% in the third quarter. Pension & Wealth Management Advisors Inc. now owns 644 shares of the technology infrastructure company’s stock valued at $68,000 after purchasing an additional 194 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Akamai Technologies Company Profile

Akamai Technologies, Inc provides cloud, cybersecurity and content-delivery services that help organizations operate and protect applications, websites and digital media over the internet. Its distributed edge platform is designed to deliver online content closer to end users while improving performance, availability and resilience.

The company’s services include content delivery and application performance solutions, cloud computing capabilities, web and application security, distributed denial-of-service protection, bot management and zero-trust security tools.