Akamai Technologies (NASDAQ:AKAM) Upgraded by Zacks Research to Hold Rating

Zacks Research upgraded shares of Akamai Technologies (NASDAQ:AKAM) from a strong sell rating to a hold rating in a research report report published on Monday morning,Zacks.com reports.

A number of other equities analysts also recently issued reports on AKAM. Oppenheimer increased their price objective 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. Weiss Ratings reissued a “hold (c)” rating on shares of Akamai Technologies in a research note on Wednesday, June 24th. Craig Hallum upgraded Akamai Technologies from a “hold” rating to a “buy” rating and set a $190.00 target price for the company in a report on Friday, May 8th. Citigroup increased their target price on Akamai Technologies from $110.00 to $160.00 and gave the company a “neutral” rating in a research report on Friday, May 15th. Finally, Morgan Stanley lifted their price target on Akamai Technologies from $120.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Twelve equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $145.29.

Akamai Technologies Stock Performance

AKAM stock opened at $126.11 on Monday. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.06 and a quick ratio of 2.06. The business has a 50-day moving average price of $134.78 and a 200 day moving average price of $112.30. The company has a market capitalization of $18.33 billion, a P/E ratio of 42.46, a PEG ratio of 3.92 and a beta of 0.63. Akamai Technologies has a 1-year low of $69.78 and a 1-year high of $165.45.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings data on Thursday, May 7th. The technology infrastructure company reported $1.61 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.61. Akamai Technologies had a net margin of 10.20% and a return on equity of 12.96%. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the firm earned $1.70 earnings per share. The firm’s revenue for the quarter 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. As a group, equities research analysts forecast that Akamai Technologies will post 3.92 EPS for the current fiscal year.

Insider Buying and Selling at Akamai Technologies

In other news, CTO Robert Blumofe sold 243 shares of the business’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $129.41, for a total transaction of $31,446.63. Following the sale, the chief technology officer directly owned 31,006 shares of the company’s stock, valued at $4,012,486.46. The trade was a 0.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 2,300 shares of the company’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $135.57, for a total value of $311,811.00. Following the completion of the transaction, the executive vice president directly owned 59,210 shares in the company, valued at approximately $8,027,099.70. The trade was a 3.74% 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 own 2.30% of the company’s stock.

Institutional Trading of Akamai Technologies

Several large investors have recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. acquired a new position in Akamai Technologies in the 1st quarter valued at $1,172,000. HighTower Advisors LLC boosted its stake in Akamai Technologies by 132.4% during the 4th quarter. HighTower Advisors LLC now owns 25,960 shares of the technology infrastructure company’s stock worth $2,265,000 after purchasing an additional 14,792 shares during the last quarter. Leeward Investments LLC MA boosted its stake in Akamai Technologies by 32.6% during the 4th quarter. Leeward Investments LLC MA now owns 148,104 shares of the technology infrastructure company’s stock worth $12,922,000 after purchasing an additional 36,395 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of Akamai Technologies by 88.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 461,461 shares of the technology infrastructure company’s stock worth $40,262,000 after buying an additional 216,222 shares in the last quarter. Finally, Baker Avenue Asset Management LP purchased a new stake in shares of Akamai Technologies during the fourth quarter worth $1,393,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

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.